First Year Economics Question Paper Group First Annual 2023 conducted in Bahawalpur Board in District Rahimyarkhan, Bahawal Nagar and Bahawalpur. This Economics paper was given by students enrolled in Session 2020-2022, 2021-2023, 2022-24.

Very Important Short Question of 11th Class Economics book included. Mostly these question are included in Board and other Competition Exams like PPSC and FPSC. Some Important  Long Questions also given in this Inter Part 1 Economics paper 2023.

Students must visit our website for Paper Pattern newly upgarded and Time Management during th ePaper inside Examination Hall.

Economics (Subjective)
1st Year ( Inter Part 1)
Group 1st (Morning)
First Annual 2023
Time 2H 30Minutes
Subjective Total Marks : 80

Note: It is compulsory to attempt any (8 – 8) Parts each from Q.No. 2, Q.No.3 and attempt any (9) Parts from Q.No.4. Attempt any (3) Questions from Part – 2.

Write same Question No. and its Part No. as given in the Question Paper.

Make Diagram where necessary.

Question No.2 Attempt any 8 Parts.                  (8 x 2 = 16)

1. What is Economic Problem?
2. Differentiate between Knowledge and Art.
3. Define Positive Science.
4. What is difference between Value and Price?
5. What is meant by Micro Economics?
6. Define Utility.
7. What is meant by Initial Utility?
8. What is Parameter?
9. Write two reasons of the Negative Slope of Demand Curve.
10. What is difference between Demand and Desire?
11. What is meant by Rise in Demand?
12. Define the Contraction of Demand.

Q. No.3 Attempt any 8 Parts.           (8 x 2 = 16)

1. Differentiate between Stock and Supply.
2. Define Elasticity of Supply.
3. What will be the effect on Equilibrium of Market?
4. What is meant by Market Equilibrium?
5. Describe four Characteristics of Land.
6. What is meant by Equilibrium Price?
7. What is meant by Mobility of Labour?
8. What is meant by Organization?
9. Write the four points on importance of Capital.
10. What is meant by Scale of Production?
11. What is meant by Internal Economies?
12. What is meant by Marginal Production?

Q.No.4 Attempt any 9 Parts.                                   (9 x 2 = 18)

1. Define Cost of Production.
2. Write down the Formula of Average Variable Cost.
3. Why Long Run is different from Short Run?
4. What is meant by Total Revenue?
5. Define the Monopoly.
6. What is the Tendency of Average Revenue Curve under Monopoly?
7. What is meant by Perfect Competition?
8. What is meant by day to day Market?
9. What is meant by Price Discrimination?
10. Write the Definition of Market.
11. Define Rent.
12. What is meant by Differential Rent?
13. What is meant by Scarcity Rent?

Part – II
(10×3 = 30)

Note: Attempt any three Question from this Part.

Question No. 5: Explain Law of Equi Marginal Utility with Table and Diagram.    (10)
Question No. 6: How Elasticity of Demand is measured by different methods? Explain.    (10)
Question No. 7: Explain the Law of Increasing Return with the help of Table and Graph.    (10)
Question No. 8 : Describe different Situations of Firms’ Equilibrium is Short Run under Perfect Competition.    (10)
Question No. 9: What is meant by Real Wage? On which factors it depends?    (10)

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