mpbse.nic.in : Class XII Business Economics Question Bank Madhya Pradesh Board of Secondary Education

Name of the Board : Madhya Pradesh Board of Secondary Education
Name of the Exam : Class XI
Subject : Business Economics
Document Type : Question Bank
Website : mpbse.nic.in

Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/mpbse.nic.in/7021-BusiEco-fnl.pdf

Business Economics Sample Paper :

Short Answer Questions :
What are wants? Write the reasons for origin of wants.
Economics is science or art? Explain.
Distinguish between economic and non-economic activities.

Related : Madhya Pradesh Board of Secondary Education Class XI Book-keeping & Accountancy Question Bank : www.pdfquestion.in/7019.html

Differentiate between desires and wants.
Discuss classification of wants.
Explain the factors affecting classification of wants.
Why human welfare is given prime place in economics?
Explain the advantages of study of economics for a common man.
Explain different divisions of Economics.
Explain the concepts of Micro and Macro economics with suitable examples.
Describe the ideas of Kautilya on economic thinking in ancient India.
How Chanakya has marked the economic thinking in ancient India? Explain.
Explain Describe the main ideas of economic thinking in ancient India.
Explain the main characteristics of ancient Indian economic thinking.
Distinguish between ancient Indian and western economic thinking.
Critically analyse the welfare-centered definitions of economics.
“Economics can be well defined through scarcity centered definitions.” Explain.
Compare the concepts of economics given by Prof. Marshal and Prof. Robins.
The concept of economics is well defined by Marshal or Robins. explain logically.
Discuss the ideas of Prof. Mehta on the concepts of Economics.
The capacity of a commodity to satisfy human want is called ………..
Increase in total utility due to consumption of an additional unit is called …………..
At a unit of consumption when it’s marginal utility is zero, the total utility will be ………… and ……….
The difference between the sum which we are ready to pay for a commodity and which we actually pay for it is called…………….
The capacity of a commodity to satisfy human wants is called marginal utility.
If marginal utility on consumption of a commodity is maximum, the total utility will also be maximum.
On consumption of additional unit after the maximization of total utility consumer gets negative marginal utility.
Marginal utility goes on reducing on consumption of each additional unit.
In which of the following forms the marginal utility is found?
a. Positive
b. Negative
c. Zero
d. All of the above
When total utility is maximum with consumption of a unit, it’s marginal utility may be
a- Positive
b- Negative
c- Zero
d- None of the above
What is called the difference between money value of the utility of a commodity to a consumer and its price?
a. Consumer Surplus
b. Marginal Price
c. Marginal Utility
d. Saving on market price.
Mahmood is habitual of taking tea, says that he will buy a cup of tea even paying Rs. five but he gets is for Rs. 2, then the consumer surplus is:
a. Rs. five
b. Rs. two
c. Re. One
d. None of the above.

What name is given to the increase in total utility due to increase in the consumption of additional unit of a commodity?
Sohan had a deep desire for tea and was eager to purchase a cup of tea by paying Rs. 10, but at the same time he gets a cup of tea for Rs. 5 in a shop.

Thus, he saved Rs. 6, what will you call this in the concepts of economics?
What will be marginal utility for consumption of a unit at which the totalutility is the maximum?

Short Answer Questions :
1. What is consumer surplus? Illustrate with example.
2. “Consumer Surplus is an imaginary concept.” Explain
3. What is the law of equi-marginal utility? Explain with the help of suitable example.
4. What is the law of diminishing marginal utility? Explain with the help of suitable diagram.
5. Define utility and write its characteristics.
6. What is utility? What forms it can take? Explain with example.
7. Discuss the concepts of total, marginal and average utility with suitable examples.