Commerce (English Medium)
Science (English Medium)
Arts (English Medium)
Academic Year: 2013-2014
Date: March 2014
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What is imperfect oligopoly?
Chapter: [4] The Theory of the Firm Under Perfect Competition
The government has started promoting foreign capital. What is its economic value in the context of Production Possibilities Frontier?
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:
Why is Production Possibilities Curve concave? Explain
Chapter: [3] Production and Costs
When the price of good rises from Rs10 to Rs12 per unit, its demand falls from 25 units to 20 units. What can you say about price elasticity of demand of the good through the 'expenditure approach'?
Chapter:
Why is the number of firms small in oligopoly? Explain.
Chapter:
Define Average Revenue. Show that Average Revenue and Price are same.
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 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
Given the price of a good, how does a consumer decide as to how much of the good to buy?
Chapter:
How does change in the price of a substitute good affect the demand of the given good? Explain with the help of an example.
Chapter:
Market of a commodity is in equilibrium. Demand for the commodity "increases." Explain the chain of effects of this change till the market again reaches equilibrium. Use diagram.
Chapter:
Explain why an indifference curve is downward sloping from left to right.
Chapter:
Explain why is an indifference curve is Convex.
Chapter:
Explain the concept of 'Marginal Rate of Substitution' with the help of a numerical example. Also, explain its behaviour along an indifference curve
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:
Define fiscal deficit.
Chapter: [5] Government Budget and the Economy
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Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?
Chapter: [3] Money and Banking
Explain the 'standard of deferred payment' function of money. How has it solved the related problem created by barter?
Chapter:
Distinguish between 'autonomous' and accommodating' Balance of Payments transactions.
Chapter:
When foreign exchange rate in a country is on the rise, what impact is it likely to have on imports 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 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:
Tax rates on higher income group have been increased. Which economic value does it reflect? Explain.
Chapter:
Explain "Banker to the Government" function of the Central Bank.
Chapter:
Explain bankers bank function of a Central bank.
Chapter:
Calculate investment expenditure from the following date about an economy which is in equilibrium :
National Income = 1000
Marginal propensity to save = 0.20
Autonomous consumption expenditure = 100
Chapter: [5] Government Budget and the Economy
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:
Calculate 'National Income' and 'Net National Disposable Income' from the following
| (Rs in Arab) | ||
| 1 | Net change in stock | 50 |
| 2 | Government final consumption expenditure | 100 |
| 3 | Net current transfers to abroad | 30 |
| 4 | Gross domestic fixed capital formation | 200 |
| 5 | Private final consumption expenditure | 500 |
| 6 | Net imports | 40 |
| 7 | Depreciation | 70 |
| 8 | Net factor income to abroad | (-)10 |
| 9 | Net indirect tax | 120 |
| 10 | Net capital transfers to abroad | 25 |
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:
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