SEE - Economics: Practice Set - 1 Solutions
SEE – Economics: Practice Set – 1 [Solutions]
Group – A
- Write the nature of the average revenue as output increases under perfect competition.
English:
Under perfect competition, Average Revenue (AR) remains constant even if output increases because the firm sells all units at the same fixed price.
Nepali:
पूर्ण प्रतिस्पर्धामा उत्पादन बढे पनि औसत राजस्व (AR) स्थिर रहन्छ, किनकि सबै वस्तुहरू उही मूल्यमा बेचिन्छन्।
- Calculating the marginal cost if output changes from 7 to 9 units causes the change to total cost from Rs. 25000 by Rs. 250.
To calculate Marginal Cost, we use:
MC = Change in Total Cost ÷ Change in Output
- Write the two conditions for output determination.
English:
- Output is determined where Marginal Cost (MC) equals Marginal Revenue (MR).
- The MC curve must rise after the MR = MC point.
Nepali:
- उत्पादन निर्धारण MR = MC भएको बिन्दुमा हुन्छ।
- MR = MC भएको बिन्दुपछि MC वक्र माथि बढ्दै जानु पर्छ।
- What is the Marginal Cost?
English:
Marginal Cost is the extra cost of producing one more unit of output.
Nepali:
सीमान्त लागत भनेको एक थान थप उत्पादन गर्दा लाग्ने अतिरिक्त लागत हो।
- What is type of paper money currently in circulation in Nepal?
English:
Nepal uses fiat money, which has value because the government declares it as legal tender.
Nepali:
नेपालमा हाल प्रयोग हुने कागजी पैसा फियाट पैसा हो, जसलाई सरकारले वैध मुद्रा घोषणा गरेको हुन्छ।
- What is indirect tax?
English:
Indirect tax is the tax that is paid by one person but collected from another, usually paid while buying goods.
Nepali:
अप्रत्यक्ष कर भनेको एक व्यक्तिले तिर्ने तर अर्कोले असुल गर्ने कर हो, जुन सामान्यतया सामान किन्दा तिर्नुपर्छ।
- Give two suggestions to increase human development index of Nepal.
English:
- Improve education and provide quality schools.
- Increase access to health services.
Nepali:
- शिक्षा सुधार गरी गुणस्तरीय विद्यालयहरू उपलब्ध गराउने।
- स्वास्थ्य सेवाको पहुँच बढाउने।
- Mention three major goods imported by Nepal.
English:
Nepal mainly imports:
- Petroleum products
- Machinery
- Vehicles
Nepali:
नेपालले मुख्य रूपमा यी वस्तुहरू आयात गर्छ:
- पेट्रोलियम पदार्थ
- मेसिनरी
- सवारी साधन
- When was Nepal Rastra Bank established?
English:
Nepal Rastra Bank was established in 1956 A.D. (2013/01/14 B.S.)
Nepali:
नेपाल राष्ट्र बैंक २०१३ बैसाख १४ (१९५६ ई.सं.) मा स्थापना भएको हो।
- Define statistics in singular sense.
English:
In singular sense, statistics means the science of collecting, organizing, and analyzing data.
Nepali:
Singular sense, तथ्याङ्क भनेको डाटा संकलन, व्यवस्थित गर्ने र विश्लेषण गर्ने विज्ञान हो।
- Define scarcity.
English:
Scarcity means the condition where demand exceeds the supply.
Nepali:
अभाव भनेको माग आपूर्तिभन्दा बढी हुने अवस्थालाई भनिन्छ।
