Economics

I. Answer all ten questions in a sentence each. Each question carries one mark. 10 1 = 10 1. Give an example for manufacturing industry. 2. State any one element of marketing mix. 3. What is Foreign Trade ? 4. Expand 'EXIM' Bank. 5. What is the name of the market providing short-term finance ? 6. Who is an insured ? 7. Write any one type of warehouse. 8. Name the Legislation or Act under which consumers are protected. 9. What is career ? 10. Write any one type of Accounting package.

SECTION B II. Answer any ten of the following questions in not more than two sentences each. Each question carries two marks. 10 2 = 20 11. Give the meaning of Air-conditioning. 12. What is publicity ? 13. Mention any two channels of distribution. 14. Who is a clearing agent ? 15. What are Retained earnings ? 16. Name any two types of Speculators. 17. What is telebanking ? 18. What are tramps ? 19. Give the meaning of business ethics. 20. Mention any two types of consumer organisations. 21. Name any two educational career opportunities for commerce students. 22. State any two uses of E-commerce.

SECTION C III. Answer any six of the following in not more than fifteen lines each. Each question carries five marks. 6 5 = 30 23. Briefly explain any five principles of plant layout. 24. Distinguish between advertising and salesmanship. 25. Explain the advantages of foreign trade. 26. Explain the procedure for opening a Bank Account. 27. Mention any five disadvantages of Railway transport. 28. Write any five arguments for social responsibility of business. 29. Explain briefly the rights of consumers. 30. Mention the various career opportunities in marketing. 31. Briefly explain the role of an Accountant in information technology field. SECTION D IV. Answer any three of the following in not more than thirty lines each. Each

question carries ten marks. 3 10 = 30 32. Explain the various methods of remunerating salesmen. 33. Briefly explain the export trade procedure. 34. Explain the various sources of business finance. 35. Explain the functions of Stock Exchange. 36. What is Marine Insurance ? Explain the different kinds of Marine Insurance policies.