Class 12 Economics Model QuestionClass 12 Economics Model Question

Are you looking Model question for NEB Class 12 Economics Model Question/ Sample paper of Economics .You are in right place .Here we puts Class 12 Economics Model Question Paper in PDF 2080-2023.The National Examination Board (NEB) has published model question for Grade 12 Examination for the year 2080 (2023).This Model question definitely Help in your Important Accounting Exam Paper Day.

Class 12 Economics Model Question Paper with Solution in PDF.

Here we puting Class 12 Economics Model Question Paper in PDF you can easily download And Practice offline as well.View model question of Economics .

Frequently asked Questions (FAQ)

What is economics?

Ans: Economics is the study of how individuals, businesses, governments, and societies make choices to allocate limited resources to meet their needs and wants.

What are the two main branches of economics?

    Ans:Economics is typically divided into two main branches: microeconomics and macroeconomics.

    What is microeconomics?

    Ans: Microeconomics focuses on the behavior of individual economic agents, such as consumers, firms, and industries. It examines topics like supply and demand, pricing, and market competition.

    What is macroeconomics?

    Ans:Macroeconomics looks at the overall performance of an economy as a whole. It deals with concepts like inflation, unemployment, economic growth, and government policies.

    Why is economics important?

    Ans:Economics helps us understand and address issues like resource allocation, income distribution, international trade, economic growth, and policy-making, which are crucial for the well-being of societies.

    What is the law of supply and demand?

    Ans: The law of supply and demand states that the price and quantity of a good or service are determined by the balance between its supply (how much is available) and demand (how much people want).

    What is GDP?

    Ans:GDP, or Gross Domestic Product, is a measure of the total economic output of a country. It represents the market value of all goods and services produced within a nation’s borders in a specific period.

    What is inflation?

    Ans:Inflation is the rate at which the general level of prices for goods and services rises, resulting in a decrease in the purchasing power of a currency.

    What is fiscal policy?

    Ans:Fiscal policy involves government actions related to taxation and spending to influence economic conditions. It is often used to promote economic stability and growth.

    What is monetary policy?

    Ans:Monetary policy refers to actions taken by a central bank to control the money supply and interest rates to achieve economic goals, such as price stability and full employment.

    What is international trade?

    Ans:International trade involves the exchange of goods and services between countries. It can lead to specialization, increased efficiency, and access to a wider variety of products.

    What is economic development?

    Ans:Economic development is the process by which a nation’s standard of living, infrastructure, and overall well-being improve over time. It often involves reducing poverty and increasing economic opportunities.

    How do economists make predictions about the economy?

    Ans:Economists use economic models, historical data, and various forecasting techniques to make predictions about economic trends and outcomes.

    What is the role of government in economics?

    Ans:Governments play a significant role in economics by regulating markets, providing public goods and services, managing fiscal and monetary policies, and addressing economic inequalities.

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