1.
[1]
What is the addition of expenditure incurred on fixed factors used in the short-run production process?
Economics
NEB — CLASS 10
Economics
Model Question
Answer each question in your own words as far as practicable. The figures in the margin indicate full marks.
सबै प्रश्नको उत्तर दिनुहोस् । (Attempt All Questions)
Time : 3 hrsPass Marks : 27Full Marks : 75
2.
[1]
If the total revenue is Rs.18 and Rs.24 respectively when selling the 3rd and 4th unit of a commodity, find the marginal revenue from the sale ofthe 4th unit.
3.
[1]
Mention two characteristics of a monopoly market.
4.
[1]
What is the effect on real wages when price level increases?
5.
[1]
Write any two difficulties of barter system.
6.
[1]
What type of money is called inconvertible paper money?
7.
[1]
Write any two examples of direct tax.
8.
[1]
With which theory of economic development is the materialist interpretation of
history associated?
9.
[1]
Who propounded the Comparative Cost Theory of International Trade?
10.
[1]
What is the situation in which a country's exports of visible goods exceed its imports with the rest of the world in a certain period?
11.
[1]
Mention two methods of collecting data.
12.
[5]
Fill the appropriate values in the blank spaces of the given table then construct AR and MR curves in a single diagram.
| Units (Q) | Total Revenue (TR) | Average Revenue (AR) | Marginal Revenue (MR) |
|---|---|---|---|
| 1 | 6 | ||
| 2 | 10 | ||
| 3 | 2 | ||
| 4 | 3 | ||
| 5 | −2 |
13.
[5]
Consider the table and answer the following questions:
| Market Price of the Commodity (Rs./Kg.) | Market Demand of the Commodity (in Kg.) | Market Supply of the Commodity (in Kg.) |
|---|---|---|
| 1 | 10 | 2 |
| 2 | 8 | 4 |
| 3 | 6 | 6 |
| 4 | 4 | 8 |
| 5 | 2 | 10 |
a.
Draw the market demand and supply curves for the commodity on a single diagram,
based on the given table.
b.
Identify the relationships between market price and quantity demanded, as well as
market price and quantity supplied, based on the diagram.
c.
Based on the diagram, analyze the interaction between the market demand and market
supply of the commodity in a perfectly competitive market, and determine the equilibrium
price and quantity.
14.
[5]
Explain the Subsistence Theory of Wages highlighting its main ideas.
15.
[5]
Explain the role of uncertainty in profit generation based on the Uncertainty-Bearing Theory of Profit.
16.
[5]
List and explain any five indicators of economic development.
17.
[5]
List and explain any five characteristics of Nepal's economy.
18.
[5]
Clarify how the World Trade Organization (WTO) can be beneficial for the economic development of Nepal.
19.
[5]
Explain the main components of an economic plan.
20.
[5]
Describe various methods used for classifying data, highlighting the situation of
practical applications of each method.
21.
[5]
Show the given data in a pie-diagram.
| Expenditure Heads | Wages | Cement | Timber | Iron | Sand | Miscellaneous |
|---|---|---|---|---|---|---|
| Expenditure (in Rs.) | 1200 | 1600 | 600 | 800 | 400 | 200 |
22.
[8]
Explain how the commercial banks can contribute to the economic development of Nepal.
23.
[8]
Evaluate the sources of government revenue of Nepal.
24.
[8]
Construct a frequency distribution table from the marks obtained by class 10
students in economics subject having full marks of 75 with the first class interval as 0-10 and calculate the simple arithmetic mean and interpret the result.
Obtained Marks: 5, 10, 15, 25, 55, 5, 15, 10, 25, 50, 10, 5, 15, 55, 5, 10, 35, 25, 45, 45, 10, 25, 5, 35, 30, 5, 55, 5, 25, 55
25.
[8]
Construct a Price Index using Laspeyre's and Paasche's method from the given data assuming 2020 as the base year and 2023 as the current year and draw conclusion based on the results.
| Types of goods | Base Year (2020) Price (Rs in Kg) | Quantity (in Kg) | Current Year (2023) Price (Rs in Kg) | Quantity (in Kg) |
|---|---|---|---|---|
| Lemon | 30 | 2 | 40 | 3 |
| Guava | 40 | 4 | 50 | 5 |
| Orange | 50 | 6 | 60 | 7 |
| Strawberry | 60 | 8 | 70 | 9 |