HSC Commerce (English Medium)
HSC Science (General)
HSC Arts (English Medium)
HSC Science (Electronics)
HSC Science (Computer Science)
HSC Commerce: Marketing and Salesmanship
Academic Year: 2014-2015
Date & Time: 2nd March 2015, 11:00 am
Duration: 3h
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The terms ‘micro’ and ‘macro’ economics were first used by ............................
(Marshall \ Ragnar Frisch \ Robbins \ Adam Smith)
Chapter:
The objective of a seller in monopoly market is...............................
(loss \ profit \ negative profit \ zero profit)
Chapter:
Marginal propensity to consume + marginal propensity to save ......................... '
(zero \ one \ less \ more)
Chapter:
Method of withdrawing money without going to the bank is by ...................................
(cheque \ demand draft \ ATM \ mail transfer)
Chapter:
The term 'budget' is derived from the ......................... word 'bougette'.
(Greek / German / French / Latin)
Chapter:
| Group 'A' | Group 'B' | ||
| a. | Pen and ink | 1 | Quantity-price |
| b. | Revenue | 2 | Accident |
| c. | Insurable risk | 3 | Transfer income |
| d. | Unemployment allowance | 4 | Short period |
| e. | Reverse repo rate | 5 | Long period |
| 6 | Change in demand | ||
| 7 | Joint demand | ||
| 8 | Quantity * price |
Chapter: [1.03] Analysis of Demand and Elasticity of Demand [3.1] Demand Analysis
State whether the following statement is True or False.
Demand for perishable goods is inelastic.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand [3.1] Demand Analysis
Total cost is the total expenditure incurred by a firm.
Chapter:
The seller is a price maker in the perfect competition.
Chapter:
A bank is an institution which deals in money and credit.
Chapter:
The RBI was nationalised in the year 1935.
True
False
Chapter: [2.06] Central Bank
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Meaning and Definition of Central bank?
Chapter: [2.06] Central Bank
Give reason or explain the following statement.
Micro economics studies individual economic unit.
Chapter:
Change in the price of substitute goods affects the demand for another goods.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
In order to avoid double counting, value added approach is used.
Chapter:
Effective demand is also called macro economic equilibrium.
Chapter:
The Central bank may take direct action against the defaulting commercial banks.
Chapter: [2.06] Central Bank
Unpaid services are not included in national income.
Chapter:
Demand curve and Supply curve.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand [3.1] Demand Analysis
Distinguish between Individual supply and Market supply.
Chapter:
Slicing method and Lumping method.
Chapter: [1.01] Introduction to Micro Economics
Convertible paper money and Inconvertible paper money.
Chapter:
Distinguish between revenue expenditure and capital expenditure.
Chapter: [8] Public Finance in India
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Determination of equilibrium price under perfect competition.
Chapter: [1.05] Types of Market and Price Determination Under Perfect Competition
Explain the law of diminishing marginal utility.
Chapter:
Explain the concept of Macro economics and its features.
Chapter:
Explain various types of investment expenditure.
Chapter:
Explain different types of loans and advances provided by commercial banks.
Chapter:
The law of equi-marginal utility is based on certain assumptions.
Chapter: [1.02] Consumers Behavior
Population is the only determinant factor of demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
There are no exceptions to the law of supply.
Agree
Disagree
Chapter: [4] Supply Analysis
Providing safe deposit vault facility is the only general function of commercial banks.
Chapter:
There is no difference between the Central bank and a commercial bank.
Chapter: [2.06] Central Bank
During the period of inflation surplus budget is advisable.
Chapter: [2.07] Public Economics [8] Public Finance in India
Explain in detail ‘saving function’ with schedule and diagram.
Chapter:
What is the elasticity of demand?
Chapter: [1.03] Analysis of Demand and Elasticity of Demand [3.2] Elasticity of Demand
Explain the factors determining the elasticity of demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand [3.2] Elasticity of Demand
Explain the theoretical difficulties involved in the measurement of national income.
Chapter: [7] National Income
State and explain the ‘law of demand’ with its exceptions.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand [3.1] Demand Analysis
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