Date: March 2015
- Attempt all questions from section I
- Attempt any four questions from Section II
State any two factors that determine the Division of labour.
Chapter: [0.01] The Productive Mechanism
Mention two ways by which land differs from other factors of production.
Chapter: [0.01] The Productive Mechanism
Define an Indirect tax with the help of an example.
Chapter: [0.031] Meaning and Scope of Public Finance
Which of the following is considered as labour in Economics? Give a reason to support your answer.
1. A professor working in a college.
2. A social worker serving in an orphanage.
Chapter: [0.01] The Productive Mechanism
What is the significance of Capital in promoting economic growth?
Chapter: [0.01] The Productive Mechanism
Define or explain the following concept:
Cross Elasticity of Demand
Chapter: [0.022000000000000002] Elasticity of Demand and Elasticity of Supply
Mention any two factors that cause a rightward shift of the demand curve.
Chapter: [0.021] Meaning of Demand and Supply
Distinguish between Normal goods and Inferior goods.
Chapter: [0.021] Meaning of Demand and Supply
Draw a perfectly elastic supply curve?
Chapter: [0.022000000000000002] Elasticity of Demand and Elasticity of Supply
Distinguish between Redeemable debt and Irredeemable debt.
Chapter: [0.033] Public Debt
Explain the following: Creeping inflation
Chapter: [0.021] Meaning of Demand and Supply
Direct taxes are progressive in nature. Briefly explain.
Chapter: [0.031] Meaning and Scope of Public Finance
What is meant by the efficiency of labour?
Chapter: [0.01] The Productive Mechanism
State any two demerits of the Barter system of exchange?
Chapter: [0.040999999999999995] Money
Mention two differences between the Central Bank and a Commercial Bank.
Chapter: [0.042] Banking
Give two differences between recurring deposits and fixed deposits.
Chapter: [0.021] Meaning of Demand and Supply
Write short note on:
Open Market Operations (OMO)
Chapter: [0.042] Banking
Mention two causes of Consumer Exploitation.
Chapter: [0.05] Consumer Awareness
What is meant by RTI?
Chapter: [0.05] Consumer Awareness
Distinguish between Fixed capital and Circulating capital quoting suitable examples.
Chapter: [0.01] The Productive Mechanism
Define Division of labour. Explain three benefits of the Division of labour to producers.
Chapter: [0.01] The Productive Mechanism
Explain three causes of low capital formation in India.
Chapter: [0.01] The Productive Mechanism
Mention five qualities of a good entrepreneur.
Chapter: [0.01] The Productive Mechanism
Differentiate between Decrease in demand and Contraction of demand.
Chapter: [0.021] Meaning of Demand and Supply
What is meant by Shift in supply? Explain three determinants of a leftward shift of the supply curve.
Chapter: [0.021] Meaning of Demand and Supply
What is ‘elasticity of demand’? Explain the factors determining elasticity of demand.
Chapter: [0.022000000000000002] Elasticity of Demand and Elasticity of Supply
What is meant by Public Expenditure? Explain three reasons for an increase in public expenditure in India.
Chapter: [0.032] Public Expenditure
Define a tax. Explain briefly three merits of a Direct tax.
Chapter: [0.031] Meaning and Scope of Public Finance
Answer the following question.
Explain the secondary functions of money.
Chapter: [0.040999999999999995] Money
What is meant by Cost-push inflation? Briefly explain three of its determinants.
Chapter: [0.040999999999999995] Money
With reference to the Central Bank, explain the following:
- Monopoly of note issue
- Lender of the last resort.
Chapter: [0.042] Banking
An alert consumer is a safe consumer.
Give reasons to support your answer.
Chapter: [0.05] Consumer Awareness
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