Date & Time: 15th March 2017, 11:00 am
Duration: 3h
Fill in the blank using proper alternative given in the bracket:
Market demand is a total demand of...............buyers.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Fill in the blank using proper alternative given in the bracket:
Perfectly inelastic demand curve is.....................................................
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Fill in the blank using proper alternative given in the bracket:
Other factors remaining constant, when price of a commodity raises there is ................. of supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Fill in the blank using proper alternative given in the bracket:
National income is ........ concept.
Chapter: [0.07] National Income [2.02] National Income
Fill in the blank using proper alternative given in the bracket:
......................... is the apex body of the monetary and banking system of the nation’s economy.
Chapter: [2.06] Central Bank
Match the following:
| Group 'A' | Group 'B' |
| (1) Adam Smith | (1)Private monopoly |
| (2) Railway | (2) Father of economics. |
| (3) Legal tender money | (3) Public monopoly |
| (4) D-mat account | (4) Principles of economics |
| (5) Bank rate | (5)Buying and selling of shares. |
| (6) Quantitative tool of credit control. | |
| (7) Fiat money | |
| (8) Selective method of credit control |
Chapter: [2.06] Central Bank
State whether the following statement is True or False
Total Revenue = Total quantity x Price.
Chapter: [0.07] National Income [2.02] National Income
State whether the following statement is True or False :
Demand for necessary goods is inelastic.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statement is True or False :
Capital is a natural factor of production .
Chapter: [1.06] Factors of Production
State whether the following statement is True or False :
Consumption expenditure is the only component of aggregate demand.
Chapter: [2.03] Determinants of Aggregates
Credit money is created by the Central bank of a country.
Chapter: [2.06] Central Bank
State whether the following statement is True or False :
Budget is a monthly statement - False.
Chapter: [0.08] Public Finance in India [2.07] Public Economics
Define Microeconomics?
Chapter: [1.01] Introduction to Micro Economics
Define or explain the following concept.
Service utility.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Define or explain the following concept.
Unitary elastic demand.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Define or explain the following concept.
Disposable income.
Chapter: [0.07] National Income [2.02] National Income
Define or explain the following concept.
Autonomous Consumption.
Chapter: [1.02] Consumers Behavior
Define or explain the following concept.
Bank Rate.
Chapter: [2.06] Central Bank
Give reason or explain the following.
Supply is directly related to price.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Give reason or explain the following.
Price discrimination is possbile under monopoly.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Give reason or explain the following.
Labour cannot be stored.
Chapter: [1.06] Factors of Production
Give reason or explain the following.
Macro economics is the study of aggregates.
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
Give reason or explain the following.
Cash reserve ratio (CRR) affects the lending capacity of banks.
Chapter: [2.06] Central Bank
Give reason or explain the following.
Microeconomics deals with allocation of resources.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Distinguish between.
Increase in demand decrease in demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Distinguish between Partial equilibrium and General Equilibrium.
Chapter: [1.05] Types of Market and Price Determination Under Perfect Competition
Distinguish between.
Personal income and National Income.
Chapter: [0.07] National Income [2.02] National Income
Distinguish between the following.
Standard coins and Token coins.
Chapter: [2.04] Money
Distinguish between the following.
Direct tax and Indirect tax.
Chapter: [2.07] Public Economics
Distinguish between the following.
Extension of supply and contraction of supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Write short note on :
Importance and usefulness of Micro Economics :
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Write short note on:
factors determining elasticity of demand .
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Explain any two features of monopoly market.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Write short notes Types of capital.
Chapter: [1.06] Factors of Production
Write short answer for the following question :
What are the characteristics of utility ?
Chapter: [1.02] Consumers Behavior
Write short answer for the following question :
Features of Pure Competition.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Write short answer for the following question:
What are the features of Micro Ecomomic ?
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Explain the primary functions of commercial banks.
Chapter: [2.05] Commercial Bank
Write short answer for the following question:
What are the Typing of Budget.
Chapter: [0.08] Public Finance in India [2.07] Public Economics
What are the determinats of Aggregate demand ?
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
There are no exceptions to the law of Demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
Commercial bank can credit on the basis of primary deposit.
Chapter: [2.05] Commercial Bank
State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
Central Bank is called as the bankers' bank .
Chapter: [2.06] Central Bank
Explain, with reason, whether you Agree or Disagree with the following statement
There is no difference between stock and supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Explain, with reason,whether you Agree or Disagree with the following statement :
General acceptability is the only quality of good money.
Chapter: [2.04] Money
Explain, with reason,whether you Agree or Disagree with the following statement :
Law of Diminishing Marginal utility is important in practice.
Chapter: [1.02] Consumers Behavior
Explain the law of demand with its assumptions.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Write explanatory answer:
Explain Ratio method and Geometric method of measuring price elasticity of demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
What is National Income ?Explain theoretical or conceptual difficulties of measuring National Income.
Chapter: [0.07] National Income [2.02] National Income
Write explanatory answer:
Explain the subjective and objective factors determining consumption function.
Chapter: [1.02] Consumers Behavior
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