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B.A. DEGREE EXAMINATION, 2012

( HISTORY )
( SECOND YEAR )
( PART - III )
( PAPER - IV )

650. GENERAL ECONOMICS

( Ancillary )
( Including Double Degree and Lateral Entry )
December ]

[ Time : 3 Hours
Maximum : 100 Marks
PART A

(5 8 = 40)

Answer any FIVE questions.

ALL questions carry EQUAL marks.
1. Brief the welfare definition of Marshall.

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2. What are the assumptions of law of diminishing

returns to scale?

3. Explain the concept Consumer Surplus.

4. List the causes of mobility of labour.
5. Mention the functions of entrepreneur.
6. Write short notes on Quasi Rent.
7. Distinguish GNP from GDP.
8. What are the functions of Banks?

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SECTION B

(3 20 = 60)

Answer any THREE questions.

ALL questions carry EQUAL marks.

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9. Discuss the Malthusian theory of population.

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11. Evaluate the importance of monopolistic

competition.

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10. Explain the price-output determination under

perfect conmpetition.

12 Describe Fishers quantity theory of money.

13 Appraise the pros and cons of International
Trade.

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