Commerce (English Medium)
Science (English Medium)
Arts (English Medium)
Academic Year: 2013-2014
Date: मार्च 2014
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The government has started promoting foreign capital. What is its economic value in the context of Production Possibilities Frontier?
Chapter:
What is imperfect oligopoly?
Chapter: [4] The Theory of the Firm Under Perfect Competition
Why is Production Possibilities Curve concave? Explain
Chapter: [3] Production and Costs
When the price of a good falls from Rs 10 to Rs 8 per unit, its demand rises from 20 units to 24 units. What can you say about price elasticity of demand of the good through the expenditure approach?
Chapter:
Explain how technological progress is a determinant of supply of a good by a firm.
Chapter:
Explain how input prices are a determinant of supply of a good by a firm.
Chapter:
Define Average Revenue. Show that Average Revenue and Price are same.
Chapter:
Why is the number of firms small in oligopoly? Explain.
Chapter:
A consumer consumes only two goods X and Y and is in equilibrium. Show that when the price of good X rises, the consumer buys less of good X. Use utility analysis.
Chapter: [2] Theory of Consumer Behaviour
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Given the price of a good, how does a consumer decide as to how much of the good to buy?
Chapter:
Give the meaning of "inferior" good and explain the same with the help of an example.
Chapter:
State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
Chapter: [3] Production and Costs
Explain why an indifference curve is downward sloping from left to right.
Chapter:
Explain why is an indifference curve is Convex.
Chapter:
From the following information about a firm, find the firm's 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 | 6 | 7 |
| 2 | 12 | 13 |
| 3 | 18 | 17 |
| 4 | 24 | 23 |
| 5 | 30 | 31 |
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
Define fiscal deficit.
Chapter: [5] Government Budget and the Economy
Define externalities. Give an example of negative externality. What is its impact on welfare?
Chapter: [2] National Income Accounting
Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?
Chapter: [3] Money and Banking
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Explain the 'standard of deferred payment' function of money. How has it solved the related problem created by barter?
Chapter:
Is the following a revenue receipt or a capital receipt in the context of government budget and why?
Tax receipts
Chapter:
Is the following a revenue receipt or a capital receipt in the context of government budget and why?
Disinvestment
Chapter:
Distinguish between 'autonomous' and accommodating' Balance of Payments transactions.
Chapter:
The foreign exchange rate in India is on the rise recently. What impact is it likely to have on exports and how?
Chapter:
Explain "Banker to the Government" function of the Central Bank.
Chapter:
Explain bankers bank function of a Central bank.
Chapter:
Calculate Marginal Propensity to Consume from the following data about an economy
Which is an equilibrium:
National income = 2000
Autonomous Consumption expenditure = 200
Investment expenditure = 100
Chapter:
Tax rates on higher income group have been increased. Which economic value does it reflect? Explain.
Chapter:
Calculate 'Net National Product at Factor Cost' and 'Gross National Disposable Income' from the following:
| (Rs in Arab) | ||
| 1 | Social security contributions by employees | 90 |
| 2 | Wages and salaries | 800 |
| 3 | Net current transfers to abroad | (-)30 |
| 4 | Rent and royalty | 300 |
| 5 | Net factor income to abroad | 50 |
| 6 | Social security contributions by employers | 100 |
| 7 | Profit | 500 |
| 8 | Interest | 400 |
| 9 | Consumption of fixed capital | 200 |
| 10 | Net indirect tax | 250 |
Chapter:
How should the following be treated in estimating the national income of a country? You must give a reason for your answer.
Taking care of aged parents
Chapter:
Giving reason explain how should the following be treated in the estimation of national income:
Payment of corporate tax by a firm
Chapter:
How should the following be treated in estimating the national income of a country? You must give the reason for your answer
Expenditure on providing police services by the government
Chapter:
Explain with the help of Saving and Investment functions. Also, explain the changes that take place in an economy when the economy is not in equilibrium. Use diagram
Chapter:
Given saving curve, derive consumption curve and state the steps in doing so. Use diagram.
Chapter:
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