2022

andrig» ddrg
-

Q3ca sotos
Bkote d a : opFo Economics
noa sosrb: 100d

abab: 3 nos 15 d o s

margin.
Write the question numbers legibly in the should be continuous.
A n s w e r for a question
adosdondtseo.

2. R uaT

5x1 5
correct answer.
choosing the
Answer the following questions by Central problems of an economy includes
o sQFtioto 4iooadas drogea xabii6
.
aöeri evporeird? How to produce?
What to produce? ()
() D5 evspOxties9
produce (a) beO oyTo
All ofthe above
(3) adpoDA evpOxeie89 For whom to

2. oo Ulility is

(a) objective () (b) subjective

()S of the above
() a odao (c) both (a) and (b) (a) e d 5 a s p d we (d) none

3. = Profit

(a) P x Q (b) TR - TC (c) TFC + TVC

(d) TR/Q

The individuals or institutions which take economic decisions are

()QF 23e>trso (a) economic variables ( ) e g r i (b) economists
(A) sDFd DOst (c) economic agents (a)ed5 odDdo g (d) none of the above
5. i a s odrns aedote weneod dgordaoib b a soss 2oerRoss s e d e s
The exchange rate is determined by the market forces of demand and supply is called.

() d Do do (a) fixed exchange rate

()zF wdeorbs aasbob do (b) dirty floating exchange rate

(a) wrb odsbas dd (c) flexible exchange rate
()ododo ey (d) none of the above

Answer any FIVE of the following questions by Fill in the blanks. (Each question carries
1 mark) 5x1 55
6. 3080otsd deadot std isoinoq
The demand for a good moves in the. directon of its price.
7. Deorspoao2 esoDsro In the long run, all inputs are
8. brDF ioes ssdodiob otFsorsodb adas o o enooziepn
It is assumed that, in a perfectly competitive market an . is at play.
OT

doseorbas.
The revenue received by the firm per unit of commodity sold is called

Sale of goods by the domestic country to the rst of the world is called
11. orost m I
Size of the multiplier depends on the value of
oDos 3ondz.
Financial year runs from. in India.

is the record of trade in goods, services and transfer payments.

IL. eodA wsotoo: zacdaordt. o t wod za Match the following: Each question earries
one mark. 5x1 5
14.
A B
Se Service of a teacher a. DROT 3w8 Stock variable
S5
2. CRS b. Tod Skil
Constant Returns to scale
TJDo Normal profit C. d epers ddoso
4 8 Price ceiling d. do cD Zero profit
dob sbe) Upper limit on price
S. 3deer d Inventory

(gaoieosEA 1 wod )
Answer any FIVE of the following questions in a word or a sentence.
5x1=5
(Each question carries 1 mark)
sodde? What do you mean by indifference curve?
15. AAe adess

Write the formula to calculate average revenue.

17. abT TbdoreTT DADDA. Define market equilibrium.

18. o o s iinr&3 dbs sps aea. Give the meaning monopolistic competition.
19. GDPos sgs ea. What is GDP deflator?

Mention two fiscal variables which influence aggregate demand.

21. 3 o a ar oddeab? What are revenue receipts?
22. o e o d Dd doddeb? What is balance of payment?

PART B

R 2 esod i )
Answer any nine of the following questions in four sentence each. (Each question carries
9x2 18
2 marks)
23. 8Doz# OT Oddeb? What is monotonic preference?

behaviour.
Mention two different approaches which explain consumer
25. weps 3srea 5A8A. Name the short run costs.

write its formula.

Give the meaning of price elasticity of supply and
market?
How ways is determined in the labour
wöoDo. Write the features of monopoly.
28. 8 R Ddbtob ogorsa

by externalities? Mention its types.

two
What do you mean

c o n s u m e r goods and capital goods?

What is the difference between instruments of RBI.
s9A. State the credit control
31. e odo@zb3 RBI 3 oGsre,
wdoo.
ieas 3 b öod3 ieasns eGFsa
32. s6 demand.
and deficient
Write the meaning of excess demand
ara. Give the meaning of paradox thrift.
33. T o o dorqogoi TFs,
8V%.
34. deo r o m o doñooesd smonT)
Mention the non-ax revenues of the central government.

account and capital account?

What is the difference between current
TOD6. What are the types of balance of trade?
36. Dd io gNV
For PART C

Answer any seven of the following questions in twelve sentences each. 7 x 4 28

37. Beoeo oiseetI GGFG80D OD EST5Ed WöodDd6.
Write a short note on a centrally planned economy.
 between normal and inferior goods.
Explain the differences
the examples.
Explain TP, MP and AP with
of the diagram.
Explain Isoquant with the help
conditions.
&8adodba wdoo. the following
maximization of a firm under
note on profit
Snort (a) P=MC
( ) P=MC decreasing
at qo
must be
none

(2) MC od go 3 aPdoiorby (b) MC

and break -
even pom
t e about shunt down point, narmal profit
43. 2000iD% dess sQFsdod
BabrDoos8
EXplain the working of the economy of a capitalist country.

Write a short note on the concept of final good.

of inventories with an example.

nstrate unplanned accumulation and decumulation
46. RBIS ODFTi¥T, xoswaon asOA. Briefly explain the functions or RBl.

47. DEAr o w i s a xosdon asoA. Briefly explain consumption function.

48. abad do b wdeorbs onsbod dorie rbco aba doeri 0.

Explain the merits demerits of flexible and fixed exchange rate system.
2537 a PART D

Boda o e 6 eotnieb)
Answer any four of the following questions in twenty sentences each.
(Each question carries 6 mark)
4x6 24
49. ETAa desio eroisa draoIei`AOAÅ D0.
Explain the features of indifference curves with the help of diagrams DsOA.
desned ba aeai desio atsrida d deDDBETÁAo@r
50. eaEod desioisoons
with the help of two
along the demand curve and shift in demand
curve
Explain the movement

diagrams.
to&» odbö8.
TVC, TC, AVCaba SACre Dso Jjo
1 0 0 a , evda Fistd
A firms SMC schedule is shown in the following table. TFC is Rs. 100, Find TVC, TC, AVC and
SACschedules ofthefirm.
Q 01 2 3 4 56
SMC 500 300 200 300 500 800

QP=200-p bQ =120+ p
(a) asbdeerd döaao, dordbtoacDo.
dodoaodbo.
(b) asbdoeeT ieaë sb adodiriea
dobo@0bDo.
(c) P> 5bdOEOT `dooueN rbdores zead ba adAdarsa
Gordoaoo.
(d) P < aborOTT ddosnon 3abaoee deai ab) dodtns
Suppose the demand and supply curves of wheat are given by Q" = 200-p and Q =120+ p

(a) Find the equilibrium price

(b) Find the equilibrium quantity of demand and supply
(c) Find the quantity of demand and supply when P > equilibrium price
(d) Find the quantity of demand and supply when P < equilibrium price.
$3. F eQF8 STT3rsa, DiO. Explain the macro economic identities.

Explain the functions of money and how does money overcome the short comings of barter
system.
55. r 3hFedoSDTOA. Explain the classification of receipts.
56. 28 oBobab, bbd sadsd wdcbo. Write a short note on the gold standard.
 3 - PART E

odeoe 5 wosnsd)
Answer any TWO of the following project and assignment oriented questions.
5 marks)
(Each question carries dozstoaotbo.
2x5 10
57. h 8#n &oeg#s Diatns envrrea
in the following table.
Find the missing products
Factor1 TP | MPAP
0 00 0
10 10
24 12
40 16 13.33
10
6 11.2
571 9.5
wo erreR s g For Blind Students Only

Explain the meaning of TR, MP and AP.

58. $si aeacbs

aDO m o (MR) »
&oe9 zos gs estc aodbt d
de. 10 amn
soBso saobd (AR) abroeri¢ i n ö D .
AeR (TR)
Compute the
total revenue, marginal revenue and
average revenue schedules in the following table when
market price of each unit of goods is Rs. 10.

TR MR AR
Quantity sold
lo

20

30

uo lo 6
So o0
60 (o

wo dRrreR an For Blind Students

TR, MR ba AR re egF Udoboo.
Only:
Explain the meaning of TR, MR and AR.

59. prdesdeo sgo sod eaDFddro (3oetvda3) u od &3add vdob»o.

Write a note
demonetization.
on
60. 3 ensane odsesosde ots sesne ss5 r8s. USA, UK, xbFO, öaD, eD,
ssroso, UAE, 0ormies, d
Name the currencies of
any five countries of the following: USA, UK, Germany, Japan, China,
Argentina, UAE, Bangladesh, Russia.