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THE INSTITUTE OF BANKERS, BANGLADESH (ITBB)
Banking Diploma Examination, November-December, 2018
JAIBB
Principles of Economics and Bangladesh Economy (PBE)
Time—3 hours
Hull marks—100
Pass marks—S0
[N.B.—The figures in the right margin indicate full marks. Answer anf five )
questions. ]
> farks
1. fa) “Economics is the study of mankind in the ordinary business of 10
| life.” Discuss the statement.
(b) State the relationship of cconomics with statistics and political 10
science,
SES GE txplain the main features of the markets under monopoly and 10
oligopoly.
Uof “There Is no supply curve in monopoly.”—Enxplain. 10
i ue State why a demand curve generally slopes downward to the right. |2
Li What are the exceptions to the law of demand? | 8
SD HF wre is meant bv the price elasticity of demand and what are 10
, its determinants?
bpr Idemify the price clasticity of demand for each of the following 10
commodities. state reasons for vour answer : salt. cigarctte,
life-saving drugs. rice and television.
Ig Let Explain the law of diminishing marginal utility as propounded }2
by Marshall.
7 Discuss the relationship of the law with the law of demand. 8
6. fa) What is meant by “production function™? 6
(by Derive the total cost curve from production function and also 14
average and marginal cost curves from the total cost curve.
7. (a) Explain the concept of “consumer surplus”. Use diagram. 8
(by Critically discuss the theoretical as well as practical utility of 12
the concept.

8. (a) Distinguish between “balance of trade” and “balance of 8

payments”.
fh) Suggest measures for correcting the balance of payments 12
deficits in Bangladesh.
9. fa) What is cconomic planning? 6
(b) Explain how a good planning can lead to good business i4
development and ensure rapid economic growth.
LF write short notes on anyfoupdt the following -— 5x4=20
yy” Vico circle of poverty
(by Disguised unemployment
Ler Tndex number .
Jar Specialized banks
fey Cash reserve ratio (C.R.R)
ST | Income terms of trade