Economics

PART - III

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AÔÄøµ :

AøÚzx ÂÚõUPЮ \›¯õP £vÁõQ EÒÍuõ GߣuøÚ

\›£õºzxU öPõÒÍÄ®. Aa_¨£vÂÀ SøÓ°¸¨¤ß, AøÓU PsPõo¨£õÍ›h® EhÚi¯õPz öu›ÂUPÄ®.

(2)

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Instructions : (1) Check the question paper for fairness of Printing. If there is any lack of fairness, inform the Hall Supervisor immediately.

(2) Use Blue or Black ink to write and underline and pencil to draw diagrams.

Register Number

£vÄ Gs

!6708Economics!

£Sv

A

SÔ¨¦ : AøÚzx ÂÚõUPÐUS® Âøh¯ÎUPÄ®.

Note : Answer all the questions.

I.

öPõkUP¨£mh |õßS ÂøhPÎÀ ªPÄ® Hئøh¯ Âøh°øÚ

÷uº¢öukzx SÔ±mkhß Âøh°øÚ²® ÷\ºzx GÊxP.

Choose the most suitable answer from the given four alternatives and write the option code and the corresponding answer.

1.

ö\ÀÁ C»UPnzvß B]›¯º :

(A) \õ•÷ÁÀ\ß (B) BÀL¤µk ©õºåÀ (C) Bh® ìªz (D) C»¯ÚÀ µõ¤ßì

The author of wealth definition is :

(a) Samuelson (b) Alfred Marshall

(c) Adam Smith (d) Lionel Robbins

14x1=14

2.

ö©xÁõÚ ÷Áø»²®, øP³mk® RÌUPshÁØÖÒ GuØS Põµn©õP ÂÍ[SQÓx ?

(A) EØ£zv°ß vÓø©U SøÓÄ

(B) Á¸©õÚ® ©ØÖ® ö\ÀÁzvÀ HØÓzuõÌÄ (C) öuõÈÀ~m£ªßø©

(D) ÁÍ[PøÍ vÓø©¯õP £¯ß£kzxuÀ

Red tapism and corruption lead to : (a) Inefficiency of production (b) Inequality of income and wealth (c) Absence of technology

(d) Efficient use of resources

3.

JØøÓ¨ £sh ~PºÄ Gøu Enºzx® ? (A) EØ£zv Áõ´¨¦ ÁøÍ÷Põk

(B) \©&CÖv{ø»¨ £¯ß£õmk Âv (C) AΨ¦ Âv

(D) SøÓ¢x ö\À CÖv{ø» £¯ß£õmk Âv

Single commodity consumption mode is : (a) Production possibility curve

(b) Law of equimarginal utility (c) Law of supply

(d) Law of diminishing marginal utility

4.

£shzvØPõÚ ÷uøÁ CuøÚa \õº¢ux :

(A) £shzvß Âø» (B) \õº¢u £sh[PÎß Âø»

(C) Á¸©õÚ® (D) ÷©ØTÔ¯ AøÚzx®

Demand for a commodity depends on :

(a) Price of that commodity (b) Price of related goods

(c) Income (d) All the above

5.

Âø»°À HØ£k® ©õØÓzvØS HØ£ ÷uøÁ°ß ©õØÓzøu

÷uõØÖÂUS® AÍÄ :

(A) Á¸©õÚ ÷uøÁ ö|QÌa]

(B) SÖUS ÷uøÁ ö|QÌa]

(C) Âø» ÷uøÁ ö|QÌa]

(D) ÷©ØTÔ¯ AøÚzx®

The degree of response of demand to change in price is : (a) Income elasticity of demand

(b) Cross-elasticity of demand (c) Price elasticity of demand (d) All the above

6.

\©{ø» Âø»°À Põ»zvß £[øP AÔ•P¨£kzv¯Áº : (A)

îUì (B)

Rßì

(C) BÀ¤µm ©õºåÀ (D)

ªÀ

The time element in price analysis was introduced by :

(a) J.R. Hicks (b) J.M. Keynes

(c) Alfred Marshall (d) J.S. Mill

7.

{»zvß Bµ®£ AΨ¦ Âø»

(A) §ä¯®

(B) JßÖUS® AvP©õÚx (C) JßÖUS® SøÓÁõÚx (D) JßÖUS® \©©õÚx

The initial supply price of land is : (a) Zero

(b) Greater than one (c) Less than one (d) Equal to one

8.

\µõ\› ©õÖ® ö\»Ä CuÚõÀ ÁSUS®÷£õx QøhUS® :

(A)

(B)

(C)

(D) GxÄ® CÀø»

Average variable cost is obtained by dividing :

(a) TC/Q (b) TFC/Q

(c) TVC/Q (d) None

9.

{øÓĨ ÷£õmi°À ÷uøÁU÷Põk CÆÁõÖ C¸US® :

(A) ÷©À÷|õUQ \›¢x ö\À¾® (B) Qøh©mh©õP C¸US®

(C) RÌ÷|õUQ \›¢x ö\À¾® (D) ö\[SzuõP C¸US®

Under perfect competition, the demand curve is :

(a) upward sloping (b) horizontal

(c) downward sloping (d) vertical

10.

EøǨ¦ Hß ÷uøÁ¨£kQÓx ?

(A) EÖvz ÷uøÁ (B) ÷|µi ÷uøÁ (C) ö£Ó¨£mh ÷uøÁ (D) ö|QÌa] ÷uøÁ

The demand for labour is :

(a) effective demand (b) direct demand (c) derived demand (d) elastic demand

11.

öuõßø©¨ ö£õ¸Î¯À ÷Põm£õk

{»ÄÁuõP P¸xQÓx.

(A) ÷Áø»°À»õ {ø» (B) ©øÓ•P ÷Áø»°ßø©

(C) •Ê÷Áø» {ø» (D) SøÓ÷Áø» {ø»

The classical theory assumed the existence of :

(a) Unemployment (b) Disguised unemployment (c) Full employment (d) Under-employment

12.

CÖv{ø» ÷\ª¨¦ |õmh® : (A)

∆

(B)

∆

(C)

∆

(D)

The marginal propensity to save is :

(a) S Y

∆

∆ (b)

C Y

∆

∆ (c) P

Q

∆

∆ (d)

C Y

13.

£nÃUPzvß ÷£õx GßÚ {PÊ® ? (A) ¯õ£õ›PÒ C»õ£® DmkÁº (B) Fv¯® Dmk£Áº C»õ£® ö£ÖÁº (C) ©õu \®£Í® ö£Ö£Áº C»õ£® ö£ÖÁº (D) ÁõhøPUS Âk£Áº C»õ£® ö£ÖÁº

During inflation : (a) businessmen gain (b) wage earners gain (c) salaried people gain (d) rentiers gain

14.

Á› Á¸Áõ´

Ehß öuõhº¦øh¯x.

(A) Pmhn® (B) Á›PÎß ÁøPPÒ (C) Á¸Áõ´ (D) Á›¯ØÓ Á¸Áõ´

Tax revenue deals with the :

(a) fees (b) kinds of taxes

(c) revenue (d) non-tax revenue

II.

÷Põimh Ch[PøÍ {µ¨¦P.

Fill in the blanks with suitable answers.

15.

EØ£zv GÚ¨£kÁx

E¸ÁõUSÁuõS®.

Production refers to the creation of __________.

16.

•u»õÎzxÁzvÀ AøÚzxÁøP ö£õ¸Íõuõµ |hÁiUøPPЮ

__________

ø©¯©õPU öPõs÷h ö\¯À£kQÓx.

Most of the economic activities of capitalism are centered on __________.

17.

¸¨£[PÒ Gߣx

©ØÖ®

BS®.

Wants may be both __________ and __________.

18.

uÛ|£º ~PºÄ AmhÁønPøÍ JßÖ ÷\ºUS®÷£õx

BS®.

Adding up of individual consumers schedule is __________.

19. __________

AΨø£z wº©õÛUS® •UQ¯ Põµo¯õS®.

__________ is the major determinant of Supply.

20. __________

Gߣx ÷ÁÖ£» £sh[PøÍ EØ£zv ö\´vh ©Ûu

•¯Ø]PÍõÀ E¸ÁõUP¨£mhx.

__________ is man-made physical goods used to produce other goods.

21.

©õÓõU PõµoPÒ ©ØÖ® ©õÖ® PõµoPøÍ

À ©mk÷©

÷ÁÖ£kzu C¯¾®.

The distinction between the fixed and variable factors is possible only in __________.

22.

•ØÖ›ø© \Uv°ß ‰»® ö£õ¸øÍ ÁiÁø©US® E›ø©

GßÓøÇUP¨£k®.

Monopoly power achieved through patent right is called __________.

23.

CÖv{ø» EØ£zv vÓß ÷Põm£õk

÷£õmi \¢øu°ß Gk÷PõøÍ Ai¨£øh¯õPU öPõshx.

Marginal Productivity Theory is based on the assumption of __________

competition.

24. __________

Gߣx ©UPÎß øP°¸¨¦ (öµõUP®) £n® BS®.

__________ refers to the cash holdings of the people.

25.

£sh[PøÍU öPõkzx £sh[PøÍ Áõ[SÁx

GÚ AøÇUP¨£kQÓx.

The direct exchange of goods for goods is known as __________.

26. __________

Á› Gߣx ÁͺÃu Á›ø¯²®, ÂQuõa\õµ Á›ø¯²®

EÒÍhUQ¯x BS®.

__________ tax is a blend of progressive tax and proportional tax.

III.

RÌÁ¸ÁÚÁØøÓ¨ ö£õ¸zxP.

27.

ö\ÀÁ® (A) öÁ¨Íß ÂøÍÄ

28.

\¢øu \UvPÒ (B) ÷£µõ]›¯º _®¥mhº

29.

AvP£m\ \‰P |ßø©PÒ (C)

Âø» ÷uøÁ ÷|µi¯õÚ EÓÄ (D) øÁµ®

31.

}shPõ» AΨ¦U÷Põk (E) Á›Âv¨¦ Ãu® SøÓ²®

32.

öuõÈÀ •øÚ÷Áõº (F) QÍõºU Kº ¦zuõUP¨ £o ö\´£Áº

33.

\µõ\› ö\»Ä (G) C¸¨¦

34.

öuß B¨¤›UPõ (H) Kº A»S ö\»Ä

35.

C¯[S{ø» C»õ£U ÷Põm£õk (I) £nzvß Áõ[S® \Uv

36.

Jmkö©õzu ÷uøÁ (J) îUì ©ØÖ® hõÀhß

37.

£nzvß ©v¨¦ (K) AvP ö|QÌa] Eøh¯x

38.

÷u´Ä Ãu Á› (JÍ) AΨ¦, ÷uøÁ ©ØÖ® Âø»

Match the following :

27. Wealth (a) Veblen effect

28. Market forces (b) Prof. Schumpeter

29. Maximum Social Advantage (c) C+I+G+(X−M) 30. Positive relationship of (d) diamond

price and demand

31. Long period supply curve (e) Tax rate decreases 32. Entrepreneur, an innovator (f) Clark

33. Average cost (g) Stock

34. South Africa (h) Cost per unit

35. Dynamic theory of profit (i) Purchasing power of money

36. Aggregate demand (j) Hicks and Dalton

37. Value of money (k) More elastic

38. Regressive tax (l) Supply, demand and price

IV.

¤ßÁ¸® ÂÚõUPÐUS K›¸ ö\õØPÎÀ Âøh u¸P.

Answer each of the following questions in a word or two.

39.

ö£õ¸Íõuõµzvß ÷ÁÖ ö£¯º GßÚ ?

What is the other name for Economics ?

40.

AÍÄUPvP©õÚ EØ£zv°ß ÂøÍÄ ¯õx ?

What is the result of over-production ?

41.

\©÷|õUS ÁøÍ÷Põk GßÓõÀ GßÚ ?

What is Indifference Curve ?

42.

EøǨ¤ß ÷uøÁ ö|QÌÁØÓuõP C¸US®÷£õx, J¸ öuõÈØ\[P®

Fv¯zøu E¯ºzu •i²©õ ?

When the demand for labour is inelastic, can a trade union raise wages ?

43.

{ø»¯õÚ •u½miØS J¸ Euõµn® öPõk.

Give an example for fixed input.

44.

EØ£zv¯õͺ \©{ø»ø¯ Aøh¯ {£¢uøÚ ¯õx ?

Give the condition for producers equilibrium.

45.

EøÓÁiÁ ÁøÍU÷Põk Gߣx GßÚ ?

What is an envelope curve ?

46.

•ØÖ›ø© ÷£õmi°ß •UQ¯©õÚ ]Ó¨¤¯À¦ ¯õx ?

What is the essential feature of monopolistic competition ?

47.

Hâ÷¯õ ÁmiU ÷Põm£õmiß B]›¯º ¯õº ?

Who is the author of Agio theory of Interest ?

48.

÷Áø»Áõ´¨¦, Ámi ©ØÖ® £n® £ØÔ¯ J¸ ö£õxU ÷Põm£õmøh E¸ÁõUQ¯Áº ¯õº ?

Who is the author of “General Theory of Employment, Interest and Money” ?

49.

|õmiß £n AΨø£U Pmk¨£kzx® Á[Q Gx ?

Name the bank which controls money supply in a country.

50.

ö£õxUPhß Gߣx GßÚ ?

What is Public debt ?

£Sv & B

V.

SÔ¨¦ :

GøÁ÷¯Ý® £zx ÂÚõUPÐUS Âøh¯ÎUPÄ®.

(ii)

JÆöÁõ¸ Âøh²® |õßS AÀ»x I¢x Á›PÎÀ Aø©¢vh ÷Ásk®.

Note : (i) Answer any ten of the following questions.

(ii) Answer for each question should be about four or five lines.

51.

ö£õ¸Íõuõµ®, Pou®, ¦Òΰ¯À CÁØÔØS Cøh÷¯¯õÚ öuõhº¤øÚ ÂÁ›.

Describe the relationship between Economics, Mathematics and Statistics.

52.

ö£õxÁõÚ ö£õ¸Íõuõµ •øÓPÎß ö£¯ºPøÍU TÖP.

Name the important general economic systems.

53.

Áõ´¨¦a ö\»Ä GßÓõÀ GßÚ ?

What is Opportunity Cost ?

54.

£sh[PÎß ÁøPPÒ ¯õøÁ ?

What are the classifications of goods ?

55.

÷uøÁU ÷PõhõÚx Hß RÌ÷|õUQ Á¸QÓx ?

Why does the demand curve slope downwards ?

56.

\©{ø» Âø» GßÓõÀ GßÚ ?

What is equilibrium price ?

57.

}shPõ»®, SÖQ¯Põ»® ÷ÁÖ£kzxP.

Differentiate the short period from the long period.

58.

÷Áø»¨£S¨¦ •øÓ Gߣuß ö£õ¸Ò ¯õx ?

What is meant by division of labour ?

59.

‰»uÚzvß ÁiÁ[PÒ ¯õøÁ ?

What are the forms of capital ?

60. MC

©ØÖ®

&US® Cøh÷¯²ÒÍ EÓÄPøÍU TÖP.

Mention the relationship between MC and AC.

61.

ö£õ¸Íõuõµa ö\»Ä GßÓõÀ GßÚ ?

What are economic costs ?

62.

Esø©U T¼US®, £nU T¼US® EÒÍ ÷ÁÖ£õk ¯õx ?

Distinguish between real wages and money wages.

63.

}ºø© ¸¨£U ÷Põm£õmiß ‰ßÖ ÷|õUP[PøÍU TÖP.

What are the three motives of Liquidity Preference Theory ?

64.

÷uUP{ø» £nÃUP® GßÓõÀ GßÚ ?

What is stagflation ?

65.

Bu® ìªzvß ¦Ûu Á› ÂvPøÍU TÖP.

What are the canons of taxation ?

£Sv & C

VI.

SÔ¨¦ :

GøÁ÷¯Ý® BÖ ÂÚõUPÐUS Âøh¯ÎUPÄ®.

(ii)

JÆöÁõ¸ Âøh²® J¸ £UP AÍÂÀ Aø©¢vh ÷Ásk®.

Note : (i) Answer any six of the following questions.

(ii) Answer for each question should be about a page.

66.

P»¨¦¨ ö£õ¸Íõuõµzvß |ßø© wø©PøÍ ÂÁ›.

What are the merits and demerits of a mixed economy ?

67.

AΨ¦ ÷Põk Ch® ö£¯ºuø» Áøµ£hzxhß ÂÍUSP.

Explain the shift in supply with diagram.

68.

öuõÈÀ •øÚ÷Áõ›ß £oPÒ ¯õøÁ ?

What are the functions of entrepreneur ?

69.

SÖQ¯ Põ» \µõ\› ö\»Ä ÁøÍU÷Põmøh ÂÁ›UPÄ®.

Explain the short run average cost curves.

70.

CÖv{ø»a ö\»ÂøÚ \›¯õÚ ÂÍUPzxhß TÖP.

Explain Marginal cost with suitable illustration.

71.

{øÓĨ ÷£õmi°ß C¯À¦PøÍ ÂÁ›UPÄ®.

Explain the features of perfect competition.

72.

"÷\' &°ß A[Põi Âv°ß SøÓ£õkPÒ £zvøÚ ©mk® GÊxP.

What are the criticisms of Say’s Law ? [any ten]

73.

~PºøÁz wº©õÛUS® Á¸©õÚ® uµ ¤ÓU PõµoPøÍU TÖP.

What are the determinants of consumption other than income ?

74.

Bsk {v{ø» AÔUøP Gߣøu ÂÍUSP. \©{ø» ©ØÖ®

\©{ø»¯ØÓ Bsk {v{ø» AÔUøPø¯ ÂÁ›UPÄ®.

Define Budget. Explain the balanced and unbalanced budget.

75.

÷|º•P Á› ©ØÖ® ©øÓ•P Á›ø¯ ÷ÁÖ£kzvU PõmkP.

Differentiate between the direct and indirect taxes.

£Sv & D

VII.

SÔ¨¦ :

GøÁ÷¯Ý® ‰ßÖ ÂÚõUPÐUS Âøh¯ÎUPÄ®.

(ii)

JÆöÁõ¸ Âøh²® ‰ßÖ £UP AÍÂÀ Aø©¢vh

÷Ásk®.

Note : (i) Answer any three of the following questions.

(ii) Answer for each question should be about three pages.

76.

ö£õ¸Íõuõµzvß ußø© ©ØÖ® GÀø»PøÍ ÂÁõvUPÄ®.

Discuss the nature and scope of economics.

77.

\©÷|õUS ÁøÍ÷Põmiß öuõS¨¤øÚ Áøµ¢x AuÝøh¯

£s¦PøÍ ÂÍUSP.

What is indifference curve map ? Explain the properties of indifference curve with diagrams.

78.

Âø»z÷uøÁ ö|QÌa]°øÚ AÍÂk® •øÓPøÍ ÂÁµ©õP GÊuÄ®.

Explain the methods of measurement of price elasticity of demand in detail.

79.

•ØÖ›ø©°À Âø» ©ØÖ® £sh® GÆÁõÖ wº©õÛUP¨£kQÓx Gߣøu ÂÁ›UPÄ®.

Explain the price and output determination under monopoly.

80.

›UPõº÷hõÂß ÁõµU ÷Põm£õmiøÚ Bµõ´P.

Examine Ricardian Theory of Rent.

81.

£nzvß £oPøÍ ÂÁ›UPÄ®.

Describe the functions of money.

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