Q.1 (A) Complete the sentences by choosing correct alternative given below. BISMILLA H 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 __________
Parallel to Y axis
Parallel to X axis
Downward sloping
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)
BISMI LLA H 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) BISMILLA H 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)
(B) Give reasons or explain the following in brief. (Any 4) BISMILLA H 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)
Q. 4. (A) Answer the following questions in one or two paras (any 2) BISMILLAH 8 marks
(Separate page for separate answer)
1. Components of Budget.(Meaning, Definition and 6 points)
2. Features of Micro economics (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) BISMILLA H
Q. 5 Do you agree or disagree with the following statements. Give Reasons. (Any Two) 16 marks BISMILLA H
Q. 6 Answer the following (any two) Min 21/2 SIDE OF THE PAGE FOR ONE QUESTONS 16 marks
BISMILLA H