Commerce (English Medium)
Science (English Medium)
Arts (English Medium)
Academic Year: 2016-2017
Date & Time: 16th April 2017, 12:30 pm
Duration: 3h
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A seller cannot influence the market price under (choose the correct alternative)
a) Perfect competition
b) Monopoly
c) Monopolistic competition
d) All of the above
Chapter:
Demand for a good is termed inelastic through the expenditure approach when if (choose the correct alternative)
a) Price of good falls, expenditure on it rises
b) Price of the good falls, expenditure in it falls
c) Price of the good falls, expenditure on it remains unchanged
d) Price of the good rises, expenditure in it falls
Chapter:
Any statement above demand for a good is considered complete only when the following is/are mentioned in it. ( choose the correct alternative)
a) Price of the good
b) Quantity of good
c) Period of time
d) All of the above
Chapter:
Give the meaning and characteristics of production possibility frontier.
Chapter: [1] Introduction
Distinguish between ‘increase in demand’ and increase in quantity demanded of a good.
Chapter:
Explain the meaning of Budget set
Chapter: [5] Government Budget and the Economy
Explain Perfect knowledge about the markets feature of perfect competition.
Chapter:
Explain the meaning of diminishing marginal rate of substitution with the help of an example.
Chapter:
Explain the factor Input prices that can cause a change in supply.
Chapter:
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Give the behaviour of marginal product and total product as more and more units of only one input are employed while keeping other inputs as constant.
Chapter:
From the following data find out the level of output that will give the producer maximum profit (Use marginal cost and marginal revenue approach,) Give reasons for your answer
| Output (units) | 1 | 2 | 3 | 4 | 5 |
| Total Cost (Rs) | 9 | 17 | 24 | 29 | 36 |
| Total Revenue (Rs) | 11 | 20 | 27 | 32 | 35 |
Chapter: [3] Production and Costs
Distinguish between perfect oligopoly and imperfect oligopoly. Also, explain the interdependence between the firms' feature of oligopoly.
Chapter:
Explain the meaning of excess demand and excess supply with the help of a schedule. Explain their effect on equilibrium price.
Chapter: [4] The Theory of the Firm Under Perfect Competition
Explain 'Revenue Deficit in a Government budget? What does it indicate?
Chapter: [5] Government Budget and the Economy
If the marginal propensity to consume is greater than marginal propensity to save, the value of the multiplier will be (Choose the correct alternative)
(a) greater than 2
(b) less than 2
(c) equal to 2
(d) equal to 5
Chapter:
Demand deposits include (choose the correct alternative)
(a) Saving account deposits and fixed deposits
(b) Saving account deposits and current account deposits
(c) Current account deposits and fixed deposits
(d) All types of deposits
Chapter:
What is meant by the depreciation of domestic currency?
Chapter:
Distinguish between stock and flows. Give an example of each.
Chapter:
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Explain difficulty in storing wealth problem faced in the barter system of exchange
Chapter:
Explain the significance of 'medium of exchange' function of money
Chapter: [3] Money and Banking
Distinguish between direct taxes and indirect taxes. Give an example of each
Chapter:
An economy is in equilibrium. From the following data, calculate the marginal propensity to save:
1) Income = 10,000
2) Autonomous consumption = 500
3) Consumption expenditure = 8,000
Chapter:
Explain bankers bank function of a Central bank.
Chapter:
Explain the process of credit creation by commercial banks.
Chapter:
What are non-debt creating capital receipts? Give two examples of such receipts
Chapter:
Distinguish between current account and capital account
Chapter:
Distinguish between an autonomous transaction and accommodating transactions of the balance of payments account.
Chapter:
Explain the precautions that should be taken while estimating national income by expenditure method.
Chapter:
Will the following be included in the domestic product of India? Give reasons for your answer.
Profit earned by foreign companies in India
Chapter:
Will the following be included in the domestic product of India? Give reasons for your answer.
Salaries of Indians working in the Russian Embassy in India
Chapter:
Will the following be included in the domestic product of India? Give reasons for your answer.
Profit earned by a branch of State Bank of India in Japan
Chapter:
Calculate the (a) Gross National Product at market price, and (b) Net National Disposable Income
| (Rs In crores) | |
| (i) Compensation of employee | 2,500 |
| (ii) Profit | 700 |
| (iii) Mixed income of self- employed | 7,500 |
| (iv) Government final consumption expenditure | 3,00 |
| (v) Rent | 400 |
| (vi) Interest | 350 |
| (vii) Net factor income from abroad | 50 |
| (viii) Net current transfer to abroad | 100 |
| (ix) Net indirect taxes | 150 |
| (x) Depreciation | 70 |
| (xi) Net export | 40 |
Chapter:
Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use Diagram.
Chapter:
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