National Examinations Board Grade 12 Economics — Grade Increment (Supplementary) 2080 (2023) (Set B)

National Examinations Board · Economics (Grade 12) · 2080 (2023) BS · Grade Increment (Supplementary) Examination — 22 questions — a free old question paper on Goodone.club’s exam-paper archive.

  1. What is division of labour? [1 marks]
  2. Describe the features of a socialist economic system. OR Explain the production possibility curve (PPC) with a diagram. [5 marks]
  3. Construct the total fixed cost (TFC), total variable cost (TVC) and total cost (TC) curves and explain their nature. [8 marks]
  4. If total cost (TC) is Rs. 100 and total profit is Rs. 300, find the total revenue (TR) by using the formula. [1 marks]
  5. Explain the risk-bearing theory of profit. [5 marks]
  6. Justify the need for public finance for an economy. [8 marks]
  7. What is a commercial bank? [1 marks]
  8. Answer the following questions based on the given table (Units of sold goods 1–4; Price Rs. 5, 4, 3, 2; with TR, MR and AR to be found): (I) Complete the given table. [3] (II) Derive the average revenue (AR) and marginal revenue (MR) curves based on the completed table. [2] [5 marks]
  9. State the composition of Nepalese foreign trade and also give appropriate suggestions to reduce the problem of trade deficit. [4+4] OR Examine the role of remittance in the economic development of Nepal. [8 marks]
  10. Show any one difference between the balance of trade and the balance of payment. [1 marks]
  11. Explain the equilibrium under perfect competition using the MC-MR approach. [5 marks]
  12. Write any two causes of poverty. [1 marks]
  13. Explain the qualities of a good tax system. [5 marks]
  14. What is a development plan? [1 marks]
  15. Analyze the role of human resources in economic development. [5 marks]
  16. What is zero hunger in the context of Nepal? [1 marks]
  17. Why is foreign trade important? Give reasons. [5 marks]
  18. Which goal of sustainable development is related to poverty? [1 marks]
  19. Find the standard deviation from the given data and interpret the result (Expenditure Rs.: 15, 25, 30, 32, 36; Businessmen: 4, 7, 5, 3, 2). [4+1] OR Find Paasche's Price Index Number from the given data (B.S. 2073 and 2078 per-unit prices and quantities of goods A–E) and interpret the result. [4+1] [5 marks]
  20. Mention any two limitations of statistics. [1 marks]
  21. Why is primary data important? [1 marks]
  22. How does Laspeyre's price index differ from Paasche's price index? Write in one sentence. [1 marks]