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(C) Choose the correct answer in each from the following four alternatives
1. ‘Principles of Economics’ is the celebrated book of:_____________
(Dr. Alfred Marshall, J.M. Keynes, Lionel Robbins, Adam Smith)
(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) 8 marks
Q. 4. (A) Answer the following questions in one or two paras (any 2) 8 marks
1. Features of Microeconomics
2. Assumption to the Law of Demand
3. Types of Monopoly
4. Kinds of Investment
Q. 5 Do you agree or disagree with the following statements. Give Reasons. (Any Two) 16 marks
1. The income of government through all sources is called public _________ (money, income, debt, revenue).
2. The relation between the price and demand is _________ (direct, inverse, negative, indirect)
3. Real investment implies creation of new ___________ (goods, services, assets, capital)
4. A cheque which bears a future date is called a __________ cheque (crossed, pre-dated, post-dated, stale)
5. Value expressed in terms of money is called ____________ (utility, credit, price, demand)
(C) Choose the correct answer in each from the following four alternatives
1. National income refers to the value of goods and services produced in a __________
1. day
2. week
3. month
4. year
Group A Group B
6. Normal Price
Q. 2 (A) Define and explain the following concept. (Attempt any 4) 8 marks
1. Direct Tax
2. Partial Equilibrium
3. Slicing method
4. Complimentary or Joint Demand
5. Gross Domestic Product
6. Open market operation
7. Personal Disposable Income.
8. Inflation.
(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) 8 marks
1. Values of only final goods and services are included in measuring GNP.
2. Labours is perishable in nature.
3. There is no real exception to the law of diminishing marginal utility.
4. The Seller is the price maker under perfect competition.
5. Price and Supply plays an inverse relationship.
6. There is no exception to the Law of Supply.
7. Medicines have elastic demand.
8. The capital is the most mobile factor of production.
Q. 4. (A) Answer the following questions in one or two paras (any 2) 8 marks
1. Function of Money
2. Features of National Income
3. Bank Rate Policy
4. Features of Labour
Q. 5 (A) Do you agree or disagree with the following statements. Give Reasons. (Any Two) 16 marks
MARKS: - 100
3.00PM TO 6.00PM
Avoid Cancelation, Diagram is Necessary, Try to attend all questions, BISMILLAH
Q.1 (A) Complete the sentences by choosing correct alternative given below. BISMILLAH 5 marks
1. Converting log of wood into a table is addition of ___________ (Place Utility, Time Utility, Form Utility , Personal Utility)
2. Supply curve has _________ slope. (Positive, Negative, Horizontal, Vertical)
3. Supply is a _________ of stock. (Part, Total, Maximum, Minimum)
4. Receiving deposits and advancing loans is a ___________ function of any commercial bank. (Primary, Secondary, Current, Total)
5. The income of government through all sources called ____________________ (Public debt, Public expenditure, Public revenue,
public taxation)
(B) State whether the following statements are true or false. BISMILLAH 5 marks
(C) Choose the correct answer in each from the following four alternatives BISMILLAH 5marks
5marks
Group A Group B
1. Land
2. Monopolistic competition
3. Cross elasticity of demand
4. Aggregate Supply
5. Autonomous Investment
6. Marginal propensity to consume
7. Credit Card
8. Open Market Operation
(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) BISMILLAH 8 marks
(B) Give reasons or explain the following in brief. (Any 4) BISMILLAH 8 marks
1. Goods with close substitute have an elastic demand explain this statements
2. Why stock and supply of perishable commodities is are equal?
3. What are the causes for the changes in the demand
4. Why are the transfer payment not included in the national income
5. Why do commercial bank have greater importance in development of a country
6. Explain the reasons for the evolution of money?
7. Why the concept of balanced budget is called as an ‘Ideal Concept’?
8. Why popularity of the macro economics increased?
Q. 4. (A) Answer the following questions in one or two paras (any 2) BISMILLAH 8 marks
Q. 5 Do you agree or disagree with the following statements. Give Reasons. (Any Two) BISMILLAH 16 marks
MARKS: - 100
3.00PM TO 6.00PM
Avoid Cancelation, Diagram is Necessary, Try to attend all questions, BISMILLAH
Q.1 (A) Complete the sentences by choosing correct alternative given below. BISMILLAH 5marks
(Min 1 SIDE OF THE PAGE IS NEEDED)
1. Central banks lends loans to ___________ (businessmen, farmers, consumers, commercial banks)
2. Stock refers to the ____________ (real concept, static concept, flow concept, none of these)
3. The law of demand is not applicable for ___________. (music, reading, money, indivisible goods)
4. Electricity has ____________ (competitive demand, composite demand, complimentary demand, joint demand)
5. The abnormal demand curve slopes _____________ (upward, downward, vertical, remains the same)
(B) State whether the following statements are true or false. BISMILLAH 5marks
(Min 1 SIDE OF THE PAGE IS NEEDED)
1. Refrigerator in restaurant is capital goods.
2. Government budget gives us the complete financial information of the country
3. Reservation price of perishable goods is generally high
4. Price is the only factor that determines demand for a commodity.
5. Free entry is an essential but not a sufficient condition of perfect competition.
(C) Choose the correct answer in each from the following four alternatives BISMILLAH 5marks
(Min 1 SIDE OF THE PAGE IS NEEDED)
1. in case of perfectly elastic demand, the demand curve is __________
1. Parallel to Y axis
2. Parallel to X axis
3. Downward sloping
4. Upward Sloping
Group A Group B
1. Increase in Demand 1. Ed = 1
2. Unitary elastic demand 2. Reserve Bank of India
3. Aggregate Supply 3. Fall in consumption
4. Heavy loss 4. Bank of India
5. Banker’s Bank 5. Rise in Income
6. Natural resources
7. Central Bank of India
8. Saving
Q. 2 (A) Define and explain the following concept. (Attempt any 4)
BISMILLAH 8 marks
(Separate page for separate answer)
1. GDP (4 points needed) Min 1 SIDE OF THE PAGE FOR ONE QUESTONS
2. Labour (4 points needed) Min 1 SIDE OF THE PAGE FOR ONE QUESTONS
3. Budget(4 points needed) Min 1 SIDE OF THE PAGE FOR ONE QUESTONS
4. Aggregate Demand (Diagram needed) Min 1 SIDE OF THE PAGE FOR ONE QUESTONS
5. Stale Cheque(4 points needed) Min 1 SIDE OF THE PAGE FOR ONE QUESTONS
6. Average propensity to consume(4 points needed) Min 1 SIDE OF THE PAGE FOR ONE QUESTONS
7. Open Market Operation (4 points needed) Min 1 SIDE OF THE PAGE FOR ONE QUESTONS
8. Fixed Capital (Diagram needed) (4 points needed) Min 1 SIDE OF THE PAGE FOR ONE QUESTONS
(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) BISMILLAH 8 marks
(Separate page for separate answer)
1. Pen and ink have negative cross elasticity of demand (4 points needed)
2. Autonomous consumption can be zero. (4 points needed)
3. Utility is a subjective concept. (4 points needed)
4. Commercial bank regulates the issue of currency. (4 points needed)
5. Supply curve slopes upward from left to right. (4 points needed) (Diagram needed)
6. Microeconomics helps to understanding of economic problem o a nation. (4 points needed)
7. Sunk capital has several purposes (uses). (4 points needed)
8. Whenever income increases, saving also increases. (4 points needed) (Schedule needed)
Q. 3 (A) Distinguish between (Any Four) of the following BISMILLAH 8 marks
(Separate page for separate answer)
1. APC V/S MPC (4 points needed)
2. Labour V/S Capital (4 points needed)
3. Total Utility V/S Marginal Utility (4 points needed) (Diagram needed)
4. Gross National product V/S Net National Product(4 points needed)
5. Perfect competition V/S Monopoly(4 points needed)
6. Saving Account V/S Fixed Deposit Account(4 points needed)
7. Extension in demand V/S Increase in Demand(4 points needed) (Diagram needed)
8. Income Elasticity of demand V/S Cross Elasticity of demand(4 points needed) (Diagram needed)
(B) Give reasons or explain the following in brief. (Any 4) BISMILLAH 8 marks
(Separate page for separate answer)
1. A cheque is optional money. (4 points needed)
2. Geffen’s goods are an exception to the law of demand(4 points needed)
3. Reading books and stamp collection is not a real exception to the law of DMU. (4 points needed)
4. In Deficit budget Expenditure is more than Income. (4 points needed)
5. When Consumption is equal to income, saving is zero. (schedule is needed) (4 points needed)
6. Reservation price is low in case of perishable commodity. (4 points needed)
7. Value of only final goods and services are included in Calculating National Income(4 points needed)
8. Why popularity of the macro economics increased? (4 points needed)
5 FULL PAGES MUST BE COMPLETED UPTO HERE. BISMILLAH
Q. 4. (A) Answer the following questions in one or two paras (any 2) BISMILLAH 8 marks
(Separate page for separate answer)
1. Explain the functions of the Entrepreneur.(Meaning, Definition and 6 points)
2. Explain The Exception to the Law of Demand? (Meaning, Definition and 6 points)
3. Explain the Backward Bending Labour Curve? (Meaning, Definition and 6 points) (Diagram needed)
4. Explain the Features of Land? (Meaning, Definition and 6 points)
8 marks
(B) Write Short notes on the following: (any two) BISMILLAH
MARKS: - 100
3.00PM TO 6.00PM
Avoid Cancelation, Diagram is Necessary, Keep this paper safely with you Try to attend all questions,
BISMILLAH
Q.1 (A) Complete the sentences by choosing correct alternative given below. BISMILLAH 5marks
(Min 1 SIDE OF THE PAGE IS NEEDED)
1. Human want-satisfying power of a commodity is called ___________ (Utility, Usefulness, Productivity, Unproductively)
2. Demand of several consumers is called __________demand. (Individual, Joint, Market, Independent)
3. Perfectly elastic demand curve is_______ (parallel to X-axis, parallel to Y-axis, going upward, going downward)
4. Monopolist means a _______ (Single seller, several sellers, single buyer, several buyers)
5. The normal demand curve slopes _____________ (upward, downward, vertical, remains the same)
(B) State whether the following statements are true or false. BISMILLAH 5marks
(Min 1 SIDE OF THE PAGE IS NEEDED)
1. Price theory is the base of micro economic analysis
2. Demand for electricity means composite demand.
3. All Capital is wealth but all want is not capital.
4. Standard money means its face value is equal to its intrinsic or metallic value.
5. Central banks create credit money.
(C) Choose the correct answer in each from the following four alternatives BISMILLAH 5marks
(Min 1 SIDE OF THE PAGE IS NEEDED)
1. in case of perfectly elastic demand, the demand curve is __________
1. Parallel to Y axis
2. Parallel to X axis
3. Downward sloping
4. Upward Sloping
5. The account in which a certain amount of money is deposited every month regularly for a fixed duration is ___________
1. Saving account
2. Current account
3. Recurring deposit account
4. Fixed deposit account
Group A Group B
Q. 4. (A) Answer the following questions in one or two paras (any 2) BISMILLAH 8 marks
(Separate page for separate answer)
1. Explain the functions of the Entrepreneur.(Meaning, Definition and 6 points)
2. Total out put method of measuring National Income? (Meaning, Definition and 6 points)
3. Explain the Backward Bending Labour Curve? (Meaning, Definition and 6 points) (Diagram needed)
4. Explain the Features of Land? (Meaning, Definition and 6 points)
8 marks
(B) Write Short notes on the following: (any two) BISMILLAH