VECTORS COACHING CENTRE

HOUSE # 24/1-A, SHEET # 10, NEAR AL-SHIFA HOMEO CLINIC, MODEL COLONY, MALIR, KARACHI.

DEPARTMENT OF EXAMINATIONS

COMPREHENSIVE EXAMINATION 2023

Max marks : 75 ECONOMICS PAPER I Time : 3 hrs.

CLASS – XI (COMMERCE GROUP)

SECTION: “A”

(MULTIPLE CHOICE QUESTIONS)

Q1. Choose the correct answer from the given options

1)The law of dimension marginal returns specially supplies on the:

* agriculture sector * industrial sector *Services sector * mining sector

2) Under perfect competition the demand curve is:

* horizontal * vertical * upward sloping * downward sloping

3) The canons of taxation were present by:

* Adam Smith * Marshall * Robbins * David Ricardo

4) the quantity theory of money was presented by:

* Robbin * Adam Smith * Ricardo * Irving Fisher

5) When total utility is maximum, Marginal utility is:

* maximum * negative * zero * positive
6) Microeconomic is also known as the:
* theory of national income * theory of distribution of wealth * price theory * theory of international trade.

7) According to Adam Smith, Economic is the science of:

* material Welfare * Scarcity and choice * Wealth * None of these

8) National income does not include:

* profit and rent * wegesq * interest * transfer payment

9) The rate of zakat is:

* 11/2% * 21/2% * 71/2% * 10/2%

9) To calculate per capita income, national income is divided by:

* total population * total labour * Total production * total expenditure

10) the law of a Equi-marginal utility also known as:

* law of supply * law of demand * law of substitution *law of diminishing marginal

12) Homogeneous products are sold under:

* perfect competition * duopoly * oligopoly * monopoly
13) when quantity demanded becomes equal to quantity supplied it is known as the equilibrium of:
* supply * demand * price * cost

14) I.B.R.D is commonly known as:

* world bank * Islamic development Bank * international monetary Bank *Asian development Bank

15) total fix cost curve is shaped:

* horizontal * downward * vertical * upward
 SECTION “B” SHORT ANSWER QUESTIONS (30 MARKS)

MICROECONOMICS. (15MARKS)
Q:2 NOTE Attempt any three of the following part questions. All questions carries equal marks.

1) Differentiate between demand and desine. OR

Discuss the relationship between average cost and marginal cost.

2) State the main points of martial definitions of economics OR

write the characteristics of perfectly competition market.

3) Describe the law the amazing marginal utility. OR State the law of supply.

4) Explain cross Elasticity of demand.

5) differentiate between “A change in demand” and “A change in quantity demanded”.

MACRO ECONOMICS. (15MARKS)

Q.3 NOTE Attempt any three of the following part questions. All question carries equal marks.

1) differentiate public and private finance.

OR

write down the economics significance of zakat.

2) what is meant by Inflation.

OR

Name the four canons of Taxation given by Adam Smith. Describe any one of them.

3) name four of business cycle and describe any one of them.OR

Write three advantages and disadvantages of international trade.

4) characteristics of good money.

5) state the difficulties of water system.

SECTION “C” LONG ANSWER QUESTION (30 MARKS)

MACROECONOMICS. (15MARKS)
Q.4: NOTE Attempt any two of the following part questions. All question carries equal marks.

1) state and explain the professor Robbins and professor Marshall’s definition of economics andcompare both of them.

2) define market price determine market price with the help of schedule and diagram.

3) how can a firm achieve equilibrium in perfect competition during short run.

4) explain the law of demand with the help of schedule and diagram and also describe theassumptions of law.

MICROECONOMICS. (15MARKS)
Q:5 NOTE Attempt any two of following part questions. All question carries equals marks.

1) differentiate between direct tax and indirect tax describe the advantages and disadvantages ofindirect tax.

2) define the national income and explain the various concept.

3) explain the differences between balance or of trade and balance of payment how can no favourable balance of
payment be Improved.

4) explain the comparative theory of international trade.