List of top Economics Questions asked in Bihar Board Class XII

Define perfect competition.
Explain the importance of the study of Microeconomics.
When the elasticity of demand is unitary?
Define Government Budget.
State two sources of supply of foreign exchange.
What are the two forces in determining the price of the goods?
Define flow.
Which items are included in balance of trade?
What is meant by production function?
What is meant by demand?
What is meant by Fiscal policy?
What is meant by recession?
What is Say's law of market?
What is Investment Multiplier?
Explain the relation between Total Revenue and Marginal Revenue.
What is meant by producer's equilibrium?
Define market equilibrium.
Differentiate between compact and dispersed settlements.
What is meant by Fixed cost?
What do you mean by Demand deposits?
What is Statutory Liquidity Ratio (SLR)?
Give two examples each for Consumption goods and Capital goods.
What is meant by aggregate demand?
What do you mean by Gross Domestic Product?
When the second Narasimham Committee was appointed?