The Times International College

Second Term Exam Practice set – 2079

Candidates are required to given their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group-A [1*11=11]

Attempt all the questions.

1. Define demand.
2. List any four determinants of Supply.
3. Define Substitute goods.
4. The demand and supply function of a commodity are Qd = 500-5p and Qs = 110+8p,
Find equilibrium Price.
5. Define any four features of Robbins definition of Economics.
6. How is the Disposable income calculated?
7. Draw the figure of perfectly elastic price elasticity of demand.
8. Find the slope of the straight line passing through the point A( 2,3 )and B( 5,7).
9. Define Marginal Utility.
10. Write any four remedial to solve the problems of agriculture marketing in Nepal.
11. Write any four Problems in agriculture sector in case of Nepal.

Group – B
Attempt all the questions. [8´5=40]
12. Define the types of Income elasticity of Demand with figure.
OR
Critically explain the Marshallian definition of economics.
13. Briefly Explain the Law of Demand with its exceptions.
14. Answer the following questions:

Price (Rs. /Kg) 5 10 15

Quantity Supplied 1 2 3
(Kg)

a) Find the price elasticity of supply when price of a commodity increases from Rs. 5 to Rs.
15.
b) Find the price elasticity of supply when price of a commodity decreases from Rs. 15 to
Rs. 10.
15. Answer the following questions:
 Unit of commodity Total Utility Marginal Utility

1 5

2 9

3 12

4 14

5 15

6 15

7 14

a) Complete the table.

b) Draw the total utility and marginal utility from the completed table.
16. Evaluate the causes of Nepalese economy lagging behind in the process of economic
development.
17. Explain the concept of consumer’s surplus.
18. Find the equation of straight line which passes through the points (-5, 10) and makes
equal intercepts on both axes.
Or,
Find the derivatives of Y = (5x2+3) (x+1).
19. Calculate GDPMP and NI.

Items Amount (Rs.)

Primary sector 12000

Secondary Sector 6000

Tertiary Sector 7000

NFIA -5000

Capital consumption allowance 1000

Indirect Tax 1000

Subsidy 2000

Group – C
Attempt all questions. [3´8=24]
20. Critically explain the Law of Diminishing Marginal Utility.
21. Explain the equilibrium conditions of demand and supply with the help of table and
diagram.
22. Explain the problems of Hydro-electricity development in economic growth of Nepal.
Or,
Explain the role of Agricultural sector in economic development of Nepal.

Best of Luck
 The Times International College
Second Term Exam Practice set – 2079

Candidates are required to given their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group-A [1*11=11]

Attempt all the questions.

1. Define Supply.
2. List any four determinants of Demand.
3. Define Complementary goods.
4. The demand and supply function of a commodity are Qd = 150-10p and Qs = 300-2p,
Find equilibrium Price.
5. Define any four features of Wealth definition of Economics.
6. How is the per capita income calculated?
7. Draw the figure of Negative income elasticity of demand.
8. Find the equation of the straight whose slope is 4 and the Y-intercept is 3.
9. Define Total Utility.
10. Write any four importances of mineral resources in economic development of nation.
11. Define Normative economics.

Group – B
Attempt all the questions. [8´5=40]
12. Define the types of cross elasticity of Demand with figure.
OR
Critically explain the Modern definition of economics.
13. Define Land and its features.
14. Answer the following questions:

Price (Rs. /Kg) 10 20 30

Quantity Supplied 3 2 1
(Kg)

a) Find the price elasticity of demand when price of a commodity increases from Rs. 20
to Rs. 30.
 b) Find the price elasticity of supply when price of a commodity decreases from Rs. 20
to Rs. 10.
15. Answer the following questions:

Unit of commodity Total Utility Marginal Utility

1 10

2 18

3 24

4 28

5 30

6 30

7 28

a) Complete the table.

b) Draw the total utility and marginal utility from the completed table.
16. Evaluate the consequences of deforestation in economic development.
17. Distinguish between GDP and GNP.
18. Find the equation of straight line whose y-intercept and x-intercept are respectively twice
and thrice of the line 5x+3y=15.
Or,
Find the derivatives of Y = (5x2+3) (x+1).
19. Calculate GDPMP, GNP and NI.

Items Amount (Rs.)

Government final expenditure 24000

Investment expenditure 16000

Consumption expenditure 20000

Net export -4000

Capital consumption allowance 2000

Indirect Tax 6000

Subsidy 2000

NFIA 6000
Group – C
Attempt all questions. [3´8=24]
20. Critically explain the Law of Substitution.
21. Explain the equilibrium conditions of demand and supply with the help of table and
diagram.
22. Explain the problems of Water resource in economic growth of Nepal.
Or,
Suggest the remedial measures to overcome the problems of agricultural sector in Nepal.

Best of Luck