--- · 9/12/2013 · 3556 t9. 20. slofl u aru $riLo nafl rigLb 9o66l u snqenfl u.l n19 Lb. is the...

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2. eLDgriLD Glunq5ennpnT$$fcil zSu$$, u6lriol LD$gLb $riqsenon 19rrqeq

C1+ureug:

(er) epeop (+) rpdu, Prr&1gqg

($) r-lpris oup6sg:6 oTqeqg6 (n,) paflunri grargr

In a socialist economy, all decisions regarding production and distribution are

taken by :

(a) Market forces (b) Central Planning Authority

(") Customs and Tradition (d) Private Sector

3. +LoGpn61g oueoonGsnrrqein etg)Ogpalp6ou etfl19osu u@$$lueuri :

(er) +cb.'"r9f r Lonriageb (q) $teuueucil Tnr9leinoiu

(6) l.n. pu6ld;ciu LoSgrb R.G.D. geuein (r'r') grrb o$6$

The Indifference Curve approach was introduced by :

(u) Alfred Marshail (b) Lionel Robbins

(.) J.R. Hicks and R.G.D. Allen (d) Adam Smith

4. Gpareu ofl$ reomri$geug :

(sr) ergleoeu, uarurfusggrilg zeiror porar$p zperl

(q) or9leoo, uaouurilsqgriqg zoiror Gpryrl zpol

(6) 6tram@a

(n') ersrou 16loareu

Law of demand establishes :

(u) Inverse relationship between price and quantity

@) Positive relationship between price and quantity

(") Both

(d) None

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5. eroflueou $nonedlB15Lb s,rr1oodlsefi :

(er) zgup$ Glpnglei gruLb (g) zpu$$t snTarfloofleiir orSlareus6ir

($) orrflsqgLb +gtarsaqgLb (rr) GLo$a,flu .aarer$gLb

Factors determining supply are :

(u) Production Technolog.v (b) Prices of factors of Production

(.) Taxes and Subsidles (d) A1l the above

6. $ainu unor$$en :

(g) eroon enrloroflsqg Lb ongrj:

(q) tong6 snlarfl tot-@Lb Long6

($) onpn snrJa-ofl Lou@Lb onprir

(n ) ongb LofgLb nngrn snrJarfl parouns $g6gLb.In the long period :

(u) AII factors change

(b) Only variable factor changes

(.) OnIy fixed factor changes

(d) Variable and fixed fuctors remain constant

7- lriruridl aretrusr :

(st) u u.reinu nL-qeir .srpel (g) uuleiirunrenr zlgou nlilgpelt

(St) on$p Lopuq I r+) ersrar r-5leil en ar

Production refers to :

(a) Destruction of utility (b) Creation of utility

(c) Exchange value (d) None

8. +ynerfl Lonpne Geeuq @parneb ougrigLbGung 61arr--ri1g6 :

(er) rcla (g)rrc/a (6) rvc/O (r'r,) ergeLlLIlelareu

Average fixed cost is obtained by dividing :

(r) rc/Q (b) rFC/Q (.) rvc/Q (d) None

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g. er9l$ r areor& Gl+euaflein r6ls g:ri61u Lo nao ot rgorrr-b ereinuSl:

(et) ollorLb u TriL seir (g) er911iuareu

(6) ecf Lon$1rflunen uainrr seir (r'r.) erg eq r6lel ar eu

Most important form of selling cost is :

(u) Advertisement (b) Sales

(c) Homogeneous product (d) None

10. Gunefl ornpLb ereinp s111$$lein gdlrflu-rri :

(er) qL-Lb ot5lrb$ (g) Lonftoqci;

(@r ) rf[;snriGr--n (r'r') +ngrGoreueein

The author of the concept of Quasi - Rent is :

(r) Adlm Smith (b) Marshall

(") Ricardo (d) Samuelson

71. GlpneineoLo Glu nlgofl u-L eu GsnL-un$) $lareqorpne sgpuu@61pgL.

(er ) Geueoeuugloeun $leoeu (g) oarpgs Gou aoar u9leineo Lo

(6) CpCC Gareno $)aoer; (*) 1gertp Gor aoeu u0 eineo Lo

The classical theory assumed the existence of :

(u) Unemployment (b) Disguised unemPlo)'ment

(") Full emplol,ment (d) Underemployment

12. 6g6 .6f*t gerieq pnL-L-6 :

(s) as/^Y (€) c/Y (6) ^P/^a

(n') ACIAY

The Marginal Propensity to consume : -,

(u) AS/AY (b) c/Y (") aPlAQ (d) ACIAY



5

13. C1ungt Lorisoflrri leiren qg{i5ull6ru,Lb ereinlgt :

(er)Mr (.A)vIz (6) Ms (r.r,) Ma

Currency with the public is known as :

(r) M1 (b) M2 (") M3 (d) M4

L4. gt trflarnei er9l$1&suu@Lb sllrul srr_erurLb ereinugt :

(er) zrflLorn

(S) srei.

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(q) Gar1go$l ogELb Lonerflu.l6

(n) eu rfl

The compulsory charges levied by the government is :

(u) Licence fee (b) Gifts and grants

(.) Loan (d) Tax

II. Ganqu S)rmsenen 6lflrq*.Fi-tl in the blanks rrith suitable ansn'ers

15. ,e; p[uur-r- GeiroLpr$pg er@$grd,:snu@

An example of cosmopolitan wealth is

16. zpupd orlnuuq oueoorGsn@ a-eoq Lb +ryarp6sul@gp5l.

Production Possibility Curve is also known as

17. Lo nriaqer5l oiir u u einu nL-@ er@r (g@6Dp ereinu g_ u 19 u u nuroj n1gLb.

Marshallian utility approach is _ analysis.

18. GpeoerriGsn@ Sp Gpni6 eIigeripfi15 onTeourLb

The demand curve slopes downwards due to _ .

12x1=12

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20.

slofl u aru $riLo nafl rigLb 9o66l u snqenfl u.l n19 Lb.

is the major determinant of supply.

ereiru5t Gorg uo uonurfusenon z$u$$l Glaur$r Loaflp

grupEsarneu zlgeu ntiou u tL-91.

is man-made physical goods used io produce other goods.

21. Glunqqornpnp Sonuri eretrug GlLon$p orgau nu-.:riqq Lb

-

L6ir6r

GeumrururrgLb.

Profit is the difference between Total revenue and

-

.

22. 6l-.puq,.,l Gurtrqu9lerl n'@rrr $19 ou orr;rseir

The perfect competitive firms are

23. uemrri s,.e,Sl ereinueop a'eS1 ereing Lb 9l6ilp{i66DnLb.

Money wages are also known as

-

wages.

ereinugl eulryLoner Lon$p$$leuiro Gedl u Lq 6i 6rp u @ Lb Lo tr$p24.

er9l6lpgeopri Cgdl,i(9,b.

is the ratio of change in saving to a change in income.

25. uflmnsp +Loeirr n$lt \itv:PT ereinuenB erafl$peln

The equation of exchange MV:PT was given bv

or rfl ereinug 6u6nri6r9p eurflenu:qLb, o6l6lpne+n7 olrf1enu.lqLil

leirenrridl usr .ry"rstb.

Tax is a biend of Progressive Tax and Proportional Tax.

26.



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"12x7=72IIL EBaugouenorLf arp Glunq5$grs:

$ u rag$leneu el@119(p6np

er$snr1$gou ou rflar nrisb

grLbr uu uarurrrfuseir

27.

28.

29.

31. $eon rsno etafluq eueoerrGen@ (r) eurflor9l$luq eSp6 Cq6Dpu..tLb

Sl rriu n@aofl ein Glpnlgu q

MC,,

e-eUs C4nrsnLq

sre;in $l$tli Gsnrun@

gr@ClLon$p Gpenou

Loeflq u uemri Glsneirens

(o"n) rgaomris elrn et9sLb32.

33.

34.

35.

35.

37.

30. or9ieneu, Gpeneu Gpqrl zglo4

38. Ggurq aSp errfl

Match the followrng :

27. Dynamic approach

28, Bureaucratic expansion

29. Luxuries

30. Positiverelationship

31. Long period supply curve

32. Bundle of risks

33. MCn

34. Global Market

35. Loanable fund theory

36. Aggregate demand

37 . Cheap money policy

38. Regressive Tax

(et) eoo,r y +5u [6&rri]s6ir

(g) Clor Lronein o$lararaq

($ ) sneu srrLb

(n ) e LopriLo Lb

(6r) C+I+G+(x-M)

(cf ) qdu, Glp neineo Lori Gsnun@

(p) sruolb Lorir mrLb Glou eirafl

(g) TC"-TC._,

(9) PonGeu

(gen) el$s Clgdpad L6o-Lrgl

(a) Diamond Jewels

(b) Veblen effect

(c) Time element

(d) Socialism

(") Tax rate decreases

(0 Low rate of Interest

(g) c+r+G+(x*M)(h) Neo classical theory

(i) Gold and Silver

(,) TCn - TCn _ 1

(k) Hawley

(l) More elastic

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IV. l2x7=72r-91 eiirel g Lb er91 alnrisqgtslg grflq5 Cl en$safl eu or9en r pgs.Answer each o{ the following questions in a word or two.

39. uem oulgLonam$$pCq G-gL Clluri ereinen?'lArhat is the other name for money income ?

40. 56DUL1 Glur(D6nnpn7$$cn $lrrr-6l@pcir zenun?Is there planning under Mixed Economy ?

41. +toGpn8g ereoarGsn@ ereinplneb ereineur?

What is Indifference Curve ?

42. Gl u nlgornpnl Gsnru nrrlein ei L+Lr u 6rl L er@Gsneirseir ur neoou ?

144rat is the basic assumption of economic iheon' ?

43. peoeuuran g:pdlqpg eO zprlffir.l p.;;.Give an example for fixed input.

44. e1rppnu$$eu LDirDpLb sn@lri grsou ri unn?

\{4ro is the changing agent of the society ?

45. L6ilp er.r r+err araoeirGsr@ ereinugl ereinelr?

\Arhat is an envelope curve ?

46. ety+nraaLb gofg flarLoeou-t eroloung [email protected]@$5lLb?

How does the Govelnment control monopoly ?

47. o$Gun errq6 Gonrrnrrqein .ryErflun unri ?

\Atrho is the author of Agio Theory o{ interest ?

48. Clrg&61u91oir olruruurL6DL erqggs?Give the {ormula for multiplier.

49. €l(D6DrD lerorri Glsnoirens oru Cl r ngrgt seorr9 rgrisL.r u @dlpgjZ\Atrhen is dear money policy followed ?

50. VAT ereiirgrneu oreinen?

\A4rat is VAT ?



3556

ug6l -qlPARr-BV. gfluLl roeoeuGu.rgtLb u$g efiarnGoqytsg gerGlouneinflpgLb

Dn6in19g6bco5l g$g1 eultlaafleil orgaoruafl&sqri. 10x3=30

Note : Answer any ten of the following questions in four (or) five lines each.

51. G ungarnpnp$$ein gri;61u Lglrflqseir ereiirem?

\\hat are the main divisions of economics ?

52. 6r,Ep g(E +1grpru$$gLb enerrLru@b <9J+Lru6oL G17+eeoensanmri a,gs?trVtrat are the basic issues of any society ?

53. oI.1nut Ll l_..lti Gl+euq ereirp nei-r ereinen?

What is opportunity cost ?

5 4. LorftageSlein Gler$eofl eb,,poriGel nri zu rflenu,, o.16o f urg.Define "Consumer's Surplus,, in the words of Marshall.

55. Gpeooueueoon Ge nrnemgl elein E$Gpntsdl erggp5l?\Vhy does the demand curve slope downt ards ?

55. &LoEl6o6D o9ler:eu ereingrneb ereinelr?

l4lhat is equilibrium price ?

57. <e1rErsir+ sr6D6 Clg 1gf1uq oueolo.

Write a short note on Market period.

58. Goueoeu ulguq gcalp eroiirugeiir Gunlgeir ung?l\4:rat is meant by division of labour ?

59. geupeup$teir ei,qeu nioei- urrreoeu?

\4trat are the forms of capital ?

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60. Glunlgonnpnp Glueuq ereirgl neL ereilen?

\{trat are Economic Costs ?

6L. ggdu LoSgb $ainr sneu$pf(g L6iT6n Geugun@ un5?Bring out the distinction between short run and long run.

62. $riarLo e61qguLr6 GsnrunL-rlein gleing Gpnriorilsoir ul neoo.t ?

What are the three motives of liquidity preference ?

63. e g$ GparoLr ereingl nel ereinelr?

rv\4-lat is effective demand ?

54. uemrri Glsn-eireosu9lein $teurisarrLb a',gs.

Define monetary polio'.

65. eurflu9lein 6u6nss6o6rT6 e!g?\\?nt are the kinds of tax ?

uOSl - $t7r,anr-cvr. 6fluq : 6l6'o6ucugt6 elEr or9lomnrisqg&qg o$leouu-rafldaqLb. gerG1orn6

ogleorqLb g1g uiis +lonofleu etatLo$$lr Garain@ Lb. 6x10=50

Note : Answer any six of the following questions not exceeding a page each.

66. gpeuirofl $gor$$ein Sl p u q u ootr qsaror e9errri15s.

Explain the salient features of capitalism.

57. .s1rusnq6 snoup$eI eLo$Jaoeu ofleoeu ereueu ng $nLonaflrisuu@61p5?How is the equilibrium price determined in the market period ?

68. Glpnglo GD6D6i-rG6u rfl6ia uadlseir u"r ir6Doi?

lArhat are the functions of entrepreneur ?

69. $atr rsner; +pnsrfl G+euq or6D6ncsr0 uf fi gfluq er:arys.

Give a note on long run a\.erage cost curve.



I

I

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70. @lg$ $lareu& Gle6D6g6D6or erflurn6dr oslondo$grein a,Es.Explain the marginal cost with suitable illustration.

71. 19l$g rfl aroeou_rB sr_@ u u @$g1 6 er g! glarpoeir u r6r16u?

What are the methods of controlling monopoly ?

72. Geuql6in sll:jor+ 608) ug6irT orglLorie6nrErs6o6nri a'ga?\Alhat are the crlticisms of Says Law ?

73. gtorieno $ri.Lonerflrigd orr(Eon6fiLb poglf 6lp 5r[60rfls6o6n{i a,g16?What are the determinants of consumption other than Income ?

74. arrflo0$Lrq6 Glsneirarsaou ergler rfl.

Explain the canons of Taxation.

75. Gpngosarrfl Lo$gLb Loaopgoo 6lfl6orr Gargu@$grs.Differentiate between the direct and indirect taxes.

ug$l - rFlPART-DvII. gfluq : 6r6n5.!Curgl6 geingl orglornris@rig gelGlorneinfl$qgLb glehgt u6a

gqone$leb orglao r_u oflrisq Lb. 3x20=G0

Note : Answer any three of the following questions in about three pages each.76. Cl rnlgonnpnT$argu rpf) $)ouuemeb lnrgleiirfloin Sieuriaam$arp glnuo.

Examine Lionel Robbins definition of Economics.

77. Loelflp oli65uurisafleiir u ainqseir utn6Derr?

Explain the characteristics of human wants.

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78. Gparo.r a9l$lu9leoeor or9lrflorns 6r(ggs.

Discuss the Law of demand.

79. ggdlu: eneu$peb $larpqu Gunrrqu9le! oflar:eu, uainu$Suin er*"qerei:eunE flrieumu9l6sLru$tdlpgr ?

How is the price and output determined in the short run under perfect competifon ?

80. E6iiT6nil6i,r ou uq& Genl-u rLI+6D6n a9lou n$lrisor1 6.

Discuss Keynesian theory of Interest.

81. uants Glsneiraosu9lein GpnBsLb to[96 sga9leeoon o,9lor n$l&ooq Lb.

Discuss the objectives and instruments of mor.etary Policy.

-oOo-



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