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    3K views144 pages

    Economics Scanner Latest Edition Nov 20

    Uploaded by

    Adarsh Srivastava

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    of 144
    4 Solved ew Sy ® AANNER’ CA Amar Omar CA Rasika Goenka Chapter-wise Segregated Questions ee nelutng Questions and Soltions of No. 2019) SE eee) Paper-4 Features 7 : ¢ 5 Anaya classteaton of evr ehpter Business Economics and Business + Manse esenqostonpan coeton ' Contont estabihing correlation between study mal and and Commercial Knowledge tapers Soved Seamer + CompiotoSyintus + omplta Guesions wth Scans. + Questions fr Pasion n Some Chops Ege) EQ SD Rie eee ey oy tT) e siemens Scanned with CamScanner x Part- A Business Economics — Fnakoqram ARhariered_srvdion Whatdhpp y= AHH SAG 4 youl 27 Ghartenda Pratceshy ebivion :- Nov-19v0 Plt Subtoribe my yoruba Choimal _ Nome ys Shortendd Prokoah fe wb __ ee AW Scanned with CamScanner 44] [Solved Scanner CA Foundation Pa, fr - 4A (New Syl Past YEAR QUESTIONS AND ANSWERS 1 NATURE AND SCOPE OF Economics 2006 - Noveusen [1] ‘Economics is the stud given by: (a) Adam Smith (0) Lord Robbins (6) Alfred Marsha) t | ' of mankind inthe ordinary business of! way pa ond ot resources is, (@) Microeconomics (©) Macrosconsmics (c) Ecohomettics: (@) None of these : Answer: : (0) The study of mcroosonamies deals with how a producer aloctes 7 nis Tes0UCeS and thes te pico of hs prodict Tor the eres utilization of resources. 1+) Gapitaistc Economy uses _ as principal means of allotating * (1 mark) eee Ws Login “resources, 7 mbar 3 (@) demand ' (b) supply (©) price * : (0) all of the above * lina 2 a | Scanned with CamScanner [Chapter = 1] Nature end Scope of Economics] [45 Answer: (@) A capitalistic economy is characterized a infovention. This economy uses price wren er ate Dee mecharsm foreca demand ara supp) to save the beat arora sega Denard and sup bain depend upon pee ens heros cantale economy uses pen ae pnp means af cm inca means ot aleaing 2007 - FEBRUARY [dA study of how an increase in the eorporato income tax rate wil attest ‘he natural unemployrient rate is an examplo of: {@) Macroeconomics : {@) Doscrptive Economics, {@) Moroeconomics (0) Normative Economies answer (1 mark) (a) Macoeconomics studies thé eccnomy as a whole. Therelere, increase. in corporate income tax rato ‘and. is elect on unemployment is atthe macro eve : {8| In wtih type of economy do consumers and producers mako thelr «choices based onthe market forces of comand ang supply? (8) Open Economy (0) Coniraled Economy (©) Command Economy (¢) Market Economy: (1 mark) Answer: (@) In capitalistic economy, producers make their choices based on ‘market forces of demand and supply. The capitalist economy works mined by tree interplay of demand and supply forces. A capitalist economy is also under the price mechanism i.e. prices are dé known as Market Economy. Rear Coens 46 __|w [Solved Scanner CA Foundation Paper - 4A (New Syllabus) | 2007 - May | [6] Under a free economy, prices are: (Rogue 8 Determined ‘through a free interplay of demand and.supply (0) Party requis (3) None ofthese (oman newer (0) Under he [ro economy (cptast economy) prices are determined byte price othe mare mocraism o.oo aut Guo pees but hey ae dosed by ovens of demand and supply. 7) Which of the folowing falls under microeconomics? {) National income (b) General price love (6) Factor pricing (@) National saving arid invstment (1 mar) Answer: {€) Microeconomics studies the economic behavior. of individual ‘economic units: Factor pricing is pricing of every factor, and hence Is armicro-concept {8} Ina tree- market economy, when consumers increase their purchase of ‘goods and the evel of exceeds __ then pricgs tend to rise + (a) domand, supply. , # (b) supply, demand (6) prices, demand (6) profits, supply ocered-stwdien (1 mari Scanned with CamScanner es {ona market (apts) economy pics ao determined by mange (oace ot demand and supply. Whon the demand for goods Tecseases the supply remaining the same, the prices of g0008 82. [(Tetapter =] Natre nd Scope of Eeonoies] # Answer: 2007 - NovEMBER [B)_ Under the Inductive method, the loge proceeds from {@) General to particulars | (0) Paricularto general (6) Bath (a) and (0) (@) None (1 mark) Answer: {0 Under the inductive method, conclusions are drawn onthe bass of tolection and analysis of fats relevant to the inquiry: The loge ¢rtcoods om parol to general. The generalizations are based nite observations of individual examples. {10} According to Robbins, ‘means are £ (a) Scarce (0) United (€) Undefined (@) Alot these (1 mark) Answer: {@) Robbins in his definition of scarcity explains thal there are unlimited ‘ends (warts) and limited means (resources). Resources are limited innature and have alternative uses. [11] Eoonamies is the study of: {@) How society manages ts united resources {0) Howto reduce our wants uni we are satised {c) How sucety manages its scarce resources +, (@) How to fully satsty our unlimited wants. (f.mark) ts] Answer: {0 Sodatyhas scarce resources anduitoawan Sei sare ho aca ecurae cae Shds, Boonomise deals wih ROW tO Make optimum nates scar resources. : mutation of [12] mixed economy means : 2) Coveistonce of smal anc large industries 1 promeling ben agrcuture and industries nth econo {@) Co-xstence of rch and poor {6} Co-eistonce of pubic and private sectors Answer: {@) Mixes economy i characerizedby the presence ofboth he va eats public voctors. Under this economy prices are determing both by planning auhorty and market forces, [ued Scanner CA Foundation (1 mary {19]Whe defines Economicsin terms of Dynami Growth and Developmen (a) Robbins (b) Paul A Samuelson. {o) Adam Smith (@) None (imay) ‘Answer: {b) Economicsin terms of Dynamic Growth and Development was gi by Paul A. Samuelson. Who states that "Economics isthe sty how men and sociely choose, with or without the use of money enjoy scarce productive resources which could have altematie, tises, to produce various commodities over time and to dstbut them for consumption now and in the future of arhongst vafous people and groups of society [14] Free Market- economy, solves its Central Problems through, (@) planning authority (0) market mechanism (6) both (@) none Scanned with CamScanner (0m (Chapler = T]Neture and Scope ofEconomics]m [aa] [Ai0_]m [Solow Seamer CA Foundation Answer: {@) Aree market economy also known as a at alist economy, has conta planning authority to decide what leraton'c al, how and for whom t0 produce. Such an economy uses tha impersonal matkot Yorces of ‘demand and supply oF tho price mechanism to solve is contel problems. [15} Normative aspoct o! Economies is given by: (@) Marshall (0) Robbing (@)-Adam Smith (0) Samvetson Anew (1 mark) (6) Normative aspect is concerned with weltara propositions. Sueh an ‘aspect of economics is prescripiva in nature and doscribes what should be the thing’. Examplo, the quostion like what should be the vol of national income, how the fruits of national product be

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