Commerce (English Medium)
Arts (English Medium)
Academic Year: 2017-2018
Date: March 2018
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Which of the following does not cause shift of supply curve of a good?
(Choose the correct alternative)
(a) Price of input
(b) Price of the good
(c) Goods and services tax
(d) Subsidy
Chapter: [0.03] Producer Behaviour and Supply
At what level of production is total cost equal to total fixed cost?
Chapter: [0.03] Producer Behaviour and Supply
Define opportunity cost.
Chapter: [0.01] Introduction [0.03] Producer Behaviour and Supply
Which of the following measures of price elasticity shows elastic supply?(Choose the correct alternative)
0
0.5
1.0
1.5
Chapter: [0.03] Producer Behaviour and Supply
In what circumstances may the production possibility frontier shift away from the origin? Explain.
Chapter: [0.03] Producer Behaviour and Supply
Explain the central problem of "What is produced and in what quantities.".
Chapter: [0.03] Producer Behaviour and Supply
A consumer buys 200 units of a good at a price of Rs 20 per unit. Price elasticity of deamnd is (–) 2. At what price will he be willing to purchase 300 units? Calculate.
Chapter: [0.02] Consumer Equilibrium and Demand
Explain the conditions of producer's equilibrium under perfect competition.
Chapter: [0.03] Producer Behaviour and Supply
Explain the implications of the following in a perfectly competitive market:
Freedom of entry and exit to firms
Chapter: [0.04] Forms of Market and Price Determination
Write a budget line equation of a consumer if the two goods purchased by the consumer, Good X and Good Y are priced at Rs 10 and Rs 5 respectively and the consumer's income is Rs 100.
Chapter: [0.02] Consumer Equilibrium and Demand
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Define marginal rate of substitution. Explain its behaviour along an indifference curve.
Chapter: [0.02] Consumer Equilibrium and Demand
Define price floor. Explain the implications of price floor.
Chapter: [0.04] Forms of Market and Price Determination
Market of a good is in equilibrium. If the demand for the good 'decreases'. Explain the chain of effects of this change.
Chapter: [0.02] Consumer Equilibrium and Demand
A consumer consumes only two goods. Explain consumer's equilibrium with the help of utility analysis.
Chapter: [0.02] Consumer Equilibrium and Demand
Draw Average Variable Cost, Average Total Cost ad Marginal Cost curves in a single diagram.
Chapter: [0.03] Producer Behaviour and Supply
State the relation between MC curve and AVC and ATC curves.
Chapter: [0.03] Producer Behaviour and Supply
Credit creation by commercial banks is determined by (Choose the correct alternative)
Cash Reserve Ratio (CRR)
Statutory Liquidity Ratio (SLR)
Initial Deposits
All the above
Chapter: [0.03] Money and Banking
Give one example of negative externalities.
Chapter: [0.01] Introduction
Define aggregate supply?
Chapter: [0.04] Determination of Income and Employment
State the two components of M1 measure of Money Supply.
Chapter: [0.04] Determination of Income and Employment
What are capital goods?
Chapter: [0.02] National Income and Related Aggregates
How are capital goods different from consumption goods?
Chapter: [0.02] National Income and Related Aggregates
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Distinguish between stock and flow variables with suitable examples.
Chapter: [0.02] National Income and Related Aggregates
Define investment multiplier.
Chapter: [0.04] Determination of Income and Employment
How is investment multiplier related to marginal propensity to consume?
Chapter: [0.04] Determination of Income and Employment
Define full employment in an economy.
Chapter: [0.04] Determination of Income and Employment
Discuss the situation when aggregate demand is more than aggregate supply at full employment income level.
Chapter: [0.04] Determination of Income and Employment
What are two alternative ways of determining equilibrium level of income? How are these related?
Chapter: [0.04] Forms of Market and Price Determination
What is ex-Ante consumption?
Chapter: [0.02] National Income and Related Aggregates
Distinguish between autonomous consumption and induced consumption.
Chapter: [0.02] National Income and Related Aggregates
What is monetary policy?
Chapter: [0.03] Money and Banking
State any three instruments of monetary policy.
Chapter: [0.03] Money and Banking
Calculate (a) Operating Surplus, and (b) Domestic Income :
| (Rs in crores) | ||
| (i) | Compensation of employees | 2,000 |
| (ii) | Rent and interest | 800 |
| (iii) | Indirect taxes | 120 |
| (iv) | Corporation tax | 460 |
| (v) | Consumption of fixed capital | 100 |
| (vi) | Subsidies | 20 |
| (vii) | Dividend | 940 |
| (viii) | Undistributed profits | 300 |
| (ix) | Net factor income to abroad | 150 |
| (x) | Mixed income | 200 |
Chapter: [0.02] National Income and Related Aggregates
What is government budget?
Chapter: [0.05] Government Budget and the Economy
Explain the major components of government budget.
Chapter: [0.05] Government Budget and the Economy
Explain the role of Government budget in allocation of resources.
Chapter: [0.05] Government Budget and the Economy
Explain the economic stability as objectives of government budget.
Chapter: [0.05] Government Budget and the Economy
Discuss briefly the meaning of Fixed Exchange Rate.
Chapter: [0.06] Open Economy Macroeconomics
Discuss briefly the meaning of Flexible Exchange Rate.
Chapter: [0.06] Open Economy Macroeconomics
Discuss briefly the meaning of Managed Floating Exchange Rate.
Chapter: [0.06] Open Economy Macroeconomics
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