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Karnataka 2nd PUC Economics Question Bank with Answers

2nd PUC Economics Question Bank Part A – Micro Economics

2nd PUC Economics Question Bank Part B – Macro Economics

Karnataka 2nd PUC Economics Syllabus and Marking Scheme

Karnataka 2nd PUC Economics Blue Print of Model Question Paper

Features of Karnataka 2nd PUC Economics Question Bank with Answers

For the first time Pre-University Department has released the Question Bank for Second Year PUC Economics for both Commerce and Arts stream.
Second PUC Economics Text Book consists of two books.

1. Introductory Micro Economics – contains 6 chapters
2. Introductory Macro Economics – contains 6 chapters

First, Introductory Micro Economics should be taught and then Introductory Macro Economics. Information or concepts given in boxes are also to be taught.
The questions in the Question Bank are framed for all the chapters on the basis of these two books.

Following are the features of the 2nd PUC Economics Question Bank with Answers.

1. Multiple Choice Questions – each question carries one mark.
2. Fill in the blanks – each question carries one mark.
3. Match the following – five marks
4. Questions which are to be answered in a sentence/word – each question carries one mark.
5. Questions which are to be answered in four sentences – each question carries two marks.
6. Questions which are to be answered in about twelve sentences – each question carries four marks.
7. Questions which are to be answered in about twenty sentences – each question carries six marks.
8. Assignment and Project-oriented questions – each question carries five marks.
9. Test, Mid-term and Annual Examination Question Papers should be based on this Question Bank.
10. Programme of Work, a Model Question Paper with Blue-print are given in the end of the Question Bank.

PART-A MICRO-ECONOMICS

1. CHAPTER 1 INTRODUCTION TO ECONOMICS (10 Hours)

• 1.1 Introduction
• 1.2 The Concept of an Economy
• 1.3 Basic Problems of an Economy
• 1.4 Organisation of Economic Activities 1 Centrally Planned Economy – Market Economy – Mixed Economy.
• 1.5 Positive and Normative Economics
• 1.6 Deductive and Inductive Methods of Economics
• 1.7 Concepts of Micro and Macro-economics.
• 1.8 Uses of Microeconomics
• 1.9 Limitations of Micro-economics

CHAPTER 2 THEORY OF CONSUMER BEHAVIOUR (12 Hours)

• 2.1 Introduction
• 2.2 Utility Analysis
• 2.3 Cardinal and Ordinal Approach
• 2.4 Concepts of Utility
• 2 .5 Concept of Consumer Behaviour Budget Line and Budget Set
• 2.6 Indifference Curve Analysis – Meaning of Indifference Curve – Map and Properties :
• 2.7 Optimal Choice of the Consumer

CHAPTER-3 DEMAND ANALYSIS (10 Hours)

• 3.1 Introduction
• 3.2 Demand – Meaning and its determinants
• 3.3 Demand Function
• 3.4 Law of Demand – Normal and Inferior goods, Substitutes and Complementaries – Shifts in Demand curve
• 3.5 Elasticity of Demand – Concepts of Elasticity – Price Elasticity, Income Elasticity, Cross Elasticity

CHAPTER 4 PRODUCTION AND COST (12 Hours)

• 4.1 Introduction
• 4.2 Concept of production function – Isoquants, Marginal Rate of Technical Substitution – Concept of Total Product, Average Product and Marginal Product – Short Run and Long Run analysis of production – The Law of Variable proportion – Returns to scale
• 4.3 Production Cost – Concept of Cost – Classification of Short run cost – Long run cost – Other types of costs

CHAPTER 5 THE THEORY OF THE FIRM AND PERFECT COMPETITION (12 Hours)

• 5.1 Introduction
• 5.2 Meaning of Market, Firm and Industry
• 5.3 Market Structure – Meaning and Features of Perfect Competitive Market
• 5.4 Revenue – Total Revenue, Average Revenue, Marginal Revenue
• 5.5 The Relationship between Total Revenue, Average Revenue snd Marginal Revenue under Perfect Competition
• 5.6 Supply – Short run and Long run supply curve of a firm – Determinants of supply – Law of Supply
• 5.7 Price Elasticity of Supply
• 5.8 Equilibrium under Perfect Competition

CHAPTER 6 IMPERFECT COMPETITIVE MARKETS (NON-COMPETITIVE MARKETS) (13 Hours)

• 6.1 Introduction
• 6.2 Monopoly – Features, Total Revenue (TR), Average Revenue (AR) and Marginal Revenue (MR) – Short-run and Long-run Equilibrium
• 6.3 Monopolistic Competition – Meaning, Features, Short-run equilibrium
• 6.4 Oligopoly – Characteristics
• 6.5 Duopoly – Meaning

PART-B MACRO ECONOMICS

CHAPTER 7 INTRODUCTION (7 Hours)

• 7.1 The Concept of Macroeconomics
• 7.2 Emergence of Macroeconomics
• 7.3 Nature and Scope of Macro-economics
• 7.4 Limitations of Macro-economics
• 7.5 Differences between Micro and Macro-economics

CHAPTER 8 NATIONAL INCOME ACCOUNTING (9 Hours)

• 8.1 Introduction
• 8.2 Basic Concepts of National Income
• 8.3 Circular flow of Income
• 8.4 Some Macro-economic Identities Gross
• 8.5 Measurement of National Income Income
• method, Expenditure method and Product or Value Added method
• 8.6 Difficulties in Measuring National Income
• 8.7 National Income and Welfare

CHAPTER 9 MONEY AND BANKING (12 Hours)

• 9.1 Introduction
• 9.2 Definition and Functions of Money
• 9.3 Demand for Money – Transactionary motive, Precautionary motive and Speculative motive
• 9.4 Supply of Money – Measures of Money supply
• 9.5 Commercial Banks – Meaning and function s of Commercial Banks Credit creation by Commercial Banks
• 9.6 Central Bank – Meaning and Functions of RBI – Monetary Policy of RBI – Objectives and Instruments

CHAPTER 10 CONSUMPTION AND INVESTMENT FUNCTION (8 Hours)

• 10.1 Introduction
• 10.2 Concepts of Consumption, Income, Savings and Investment
• 10.3 Keynes Consumption Function, Average Propensity to Consume (APC), Marginal Propensity to Consume (MPC), Importance and determinants of Consumption function, IDA Investment Function, Meaning, types and determinants of Investments
• 10.4 Investment Function, Meaning, types and determinants of Investments
• 10.5 Multiplier

CHAPTER 11 GOVERNMENT BUDGET AND THE ECONOMY (8 Hours)

• 11.1 Introduction
• 11.2 Budget – Meaning, types and components
• 11.3 Fiscal Policy – Meaning, Objectivities
• 11.4 Instruments of Fiscal Policy – Public Expenditure – Public Revenue – Public Debt – Deficit Financing
• 11.5 Budget Deficits – Meaning and types

CHAPTER 12 OPEN ECONOMY (7 Hours)

• 12.1 Introduction
• 12.2 Meaning of Closed and Open Economies
• 12.3 Basic Concepts of Trade – Unilateral, Bi-Lateral and Multilateral Trade
• 12.4 Balance of Trade (BOT) and Balance of Payments (BOP)
• 12.5 Foreign Exchange Market – Meaning, Determination of exchange rate, Exchange rate systems

We hope the given Karnataka 2nd PUC Class 12 Economics Question Bank with Answers Solutions, Notes, Guide Pdf Free Download of 2nd PUC Economics Textbook Questions and Answers, Model Question Papers with Answers, Study Material 2019-2020 in English Medium and Kannada Medium will help you. If you have any queries regarding Karnataka State Board NCERT Syllabus 2nd Year PUC Class 12 Economics Question Bank with Answers Pdf, drop a comment below and we will get back to you at the earliest.