List of top Economics Questions asked in Bihar Board Class XII

Why does the budget line slope downward?
What is the difference between inflationary gap and deflationary gap?
Out of the three concepts of revenue, which is also known as price?
Show the AR and MR curves in monopolistic competition through a diagram.
Which items are included in balance of trade?
Explain the two main functions of central bank.
What is deficit budget?
Define normative economics with a suitable example.
What are the shapes of AR and MR curves, when each unit is sold at the same price?
What is market equilibrium?
What is meant by determination of price ceiling?
Why does an economic problem arise?
What are the two main features of monopoly?
What is marginal propensity to consume?
Define macroeconomics.
When does production possibility curve shift to the right?
What is statutory liquidity ratio (SLR) called?
Why does demand curve slope downward?
State two important reasons by which excess demand is generated.
What is the difference between fixed and flexible rates of exchange?
What is the difference between cash credit and overdraft?
What is the correct component of the union budget of India?
What do you mean by fixed factors?
What will happen to MP (marginal product), when TP (total product) increases at an increasing rate?
Give two examples of variable costs.