Commerce (English Medium)
Science (English Medium)
Arts (English Medium)
Academic Year: 2013-2014
Date: मार्च 2014
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What is perfect oligopoly?
Chapter: [4] The Theory of the Firm Under Perfect Competition
Unemployment is reduced due to the measures were taken by the government. State its economic value in the context of production possibilities frontier.
Chapter: [6] Employment: Growth, Informalisation and Other Issues
State the relation between marginal revenue and average revenue.
Chapter:
State the relation between total cost and marginal cost.
Chapter:
Answer the following question.
Explain the central problem for whom to produce.
Chapter: [1] Introduction
Price elasticity of demand of a good is (-)1. When its price per unit falls by one rupee, its de from 16 to 18 units. Calculate the price before a change
Chapter:
Answer the following question.
Why are the firms said to be interdependent in an oligopoly market? Explain.
Chapter:
What is the behaviour of average fixed cost as output is increased? Why is it so?
Chapter:
State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
Chapter: [3] Production and Costs
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A consumer consumes only two goods. Explain consumer's equilibrium with the help of utility analysis.
Chapter:
A consumer consumes only two goods A and B and is in equilibrium. Show that when price of good B falls, demand for B rises. Answer this question with the help of utility analysis
Chapter:
Explain the change in demand of a good on account of change in prices of related goods.
Chapter:
A market for a product is in equilibrium. Demand for the product "decreases." Explain the chain of effects of this change till the market again reaches equilibrium. Use diagram
Chapter: [4] The Theory of the Firm Under Perfect Competition
Explain the conditions of consumer’s equilibrium using indifference curve analysis.
Chapter:
Explain the three properties of the indifference curves.
Chapter:
From the following information about a firm, find the firms equilibrium output in terms of marginal cost and marginal revenue. Give reasons. Also find profit at this output
| Output (units) | Total Revenue (Rs) | Total Cost (Rs) |
| 1 | 7 | 8 |
| 2 | 14 | 15 |
| 3 | 21 | 21 |
| 4 | 28 | 28 |
| 5 | 35 | 36 |
Chapter:
What is 'current account deficit' in the balance of payments?
Chapter:
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Explain the ‘store of value’ function of money. How has solved the related problem created by barter?
Chapter:
Explain the significance of 'medium of exchange' function of money
Chapter: [3] Money and Banking
Explain the meaning of balance of payments deficit.
Chapter:
Visits of foreign countries for sightseeing etc. by the people of India is on the rise. What will be its likely impact on foreign exchange rate and how?
Chapter:
Define externalities. Give an example of negative externality. What is its impact on welfare?
Chapter: [2] National Income Accounting
Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.
Expenditure on a collection of taxes.
Chapter: [5] Government Budget and the Economy
Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.
Expenditure on purchasing computers
Chapter: [5] Government Budget and the Economy
Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.
Chapter: [5] Government Budget and the Economy
Answer the following question.
Explain the 'lender of last resort' function of central bank.
Chapter:
Calculate autonomous consumption expenditure from the following data about an
economy which is in equilibrium.
National income = 1200
Marginal propensity to save = 0.20
Investment expenditure = 100
Chapter:
Explain national income equilibrium through aggregate demand and aggregate supply. Use diagram. Also explain the changes that take place in an economy when the economy is not in equilibrium
Chapter:
Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use Diagram.
Chapter:
Calculate ‘net national product’ at factor cost and 'private income' from the following:
| (Rs Arab) | ||
| 1 | National debt interest | 60 |
| 2 | Wages and salaries | 600 |
| 3 | Net current transfers to abroad | 20 |
| 4 | Rent | 200 |
| 5 | Transfer payments by the government | 70 |
| 6 | Interest | 300 |
| 7 | A net domestic product at factor cost accruing to government | 140 |
| 8 | Social security contributions by employers | 100 |
| 9 | Net factor income paid to abroad | 50 |
| 10 | Profits | 300 |
Chapter:
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Fees to a mechanic paid by a firm.
Chapter:
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Interest paid by an individual on a car loan taken from a bank.
Chapter:
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Expenditure on purchasing a car for use by a firm.
Chapter:
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