Principle Of Economics (POE) - For Class XI (Commerce Group) - Guess Paper 2024 - By Sir Sajjad Akbar Chandio

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Principle Of Economics
Class XI(Commerce)
Guess Paper 2024

By Sir Sajjad Akbar Chandio

MICRO ECONOMICS
Short Questions

Q.1: Differentiate Between:

• Micro VS Macro Economics
• Fixed cost VS Variable cost
• Monopoly VS Monopolistic competition
• Perfect competition VS Monopoly competition

2. Define Production and explain its factors?
3.Define rise and fall in demand
4. Write down function of Entrepreneur

Long Questions

1. Describe the salient feature of Marshall and explain its merit /demerit
2. State the Law of Demand and explain with the help of schedule and assumption.
3. Describe the Law of Diminishing Marginal Utility explain with the help of schedule and assumption.
4. State Law of Diminishing Returns with the help of a schedule and diagram and why does the Law of Diminishing Marginal Returns apply specially on agriculture.
5. Define Market Price. Determine market price with the help of schedule and diagram.

MACRO ECONOMICS
Short Questions

1: Different between:

• Personal Income and Personal Disposable Income
• Gross National Product and Net National Product
• Gross National Product and Gross Domestic Product
• Public and Private Finance
• Zakat and Tax

2: State the main causes of Inflation.
3: State the difficulties of Barter System.
4: Define Money. List the characteristics of Good.
5: Define Budget and Its Types

Long Questions

1: Name the difficulties in measuring National income of the country?
2: Write down difference between Domestic Trade and International Trade Describe the merits and demerit of International Trade also how can un-favorable balance of payment are improved