This Paper has 47 answerable questions with 0 answered.
C—3(EBF) Revised Syllabus |
Time Allowed : 3 Hours | Full Marks : 100 |
The figures in the margin on the right side indicate full marks. |
SECTION I (50 marks) |
Answer Question No.1 which is compulsory and any two from the rest. |
Marks |
1. | (a) | Answer the following : | 1x5=5 | |
| | (i) | Adam Smith’s work on "Wealth of Nations" was published in (A) | 1796 | (B) | 1776 | (C) | 1876 | | | (0) |
| | (ii) | According to Keynes, interest is a (A) | Fiscal phenomenon | (B) | Risky phenomenon | (C) | Monetary phenomenon | | | (0) |
| | (iii) | India′s EXIM Bank is concerned with (A) | Foreign trade of India | (B) | India’s import trade | (C) | India’s domestic trade | | | (0) |
| | (iv) | According to Say′s Law, (A) | Demand creates further demand | (B) | Supply is created by its own demand | (C) | Supply creates its own demand | | | (0) |
| | (v) | Money is considered to be a (A) | Most illiquid asset | (B) | Most liquid asset | (C) | Most dangerous asset | | | (0) |
| (b) | Fill in the blanks: | 1x5=5 | |
| | (i) | The want satisfying power of a thing is called ________ | | (0) |
| | (ii) | Demand for a factor of production is called a ________ demand. | | (0) |
| | (iii) | The supply curve of labour for a particular person is partly ________ sloping. | | (0) |
| | (iv) | In BOP, ________ account deals with debts and claims. | | (0) |
| | (v) | In traditional agriculture, many workers′ marginal production may be ________ | | (0) |
| (c) | Define the following in not more than two sentences: | 1x6=6 | |
| | (i) | Market; | | (0) |
| | (ii) | Long run equilibrium of the firm; | | (0) |
| | (iii) | Trade or business cycle; | | (0) |
| | (iv) | Lender of last resort; | | (0) |
| | (v) | Quota in IMF; | | (0) |
| | (vi) | Public Finance. | | (0) |
2. | Explain the process of credit creation by commercial banks. What are the limitations to credit creation? | 10+7 | (0) |
3. | Explain the concept of liquidity preference. What part does liquidity preference play in the determination of rate of interest. | 5+12 | (0) |
4. | (a) | What are the causes of inflation? | 5 | (0) |
| (b) | What are the effects of inflation? | 6 | (0) |
| (c) | How would you control inflation? | 6 | (0) |
5. | (a) | Define central bank. How does it differ from a commercial bank? | 3+6 | (0) |
| (b) | Discuss the functions of the NABARD. | 8 | (0) |
SECTION II (50 Marks) |
Answer Question No. 6 which is compulsory and any two from the rest. |
6. | (a) | Answer the following : | 1x5=5 | |
| | (i) | Joint Hindu Family Business is a (A) | Joint Stock Company | (B) | Corporation | (C) | Business organisation peculiar to India | | | (0) |
| | (ii) | All extraordinary general meeting is one (A) | In which members have extraordinary powers | (B) | That is held between two annual general meetings | (C) | Which permits only selected members to attend | | | (0) |
| | (iii) | MBO is based on the (A) | Acceptance of objectives by all management personnel | (B) | Decision by top management | (C) | Decision by owners of the firm | | | (0) |
| | (iv) | Stock exchange is a part of (A) | Capitalist economy | (B) | Communism | (C) | Tribal economy | | | (0) |
| | (v) | Advertisement has (A) | A mass appeal | (B) | No justification in an open society | (C) | No business purpose. | | | (0) |
| (b) | State which of the following statements are “True” and which are “False”: | 1x5=5 | |
| | (i) | Sole proprietorship is the latest form of business organisation. | | (0) |
| | (ii) | A foreign company is one which is incorporated abroad, but has a place of business in India. | | (0) |
| | (iii) | Ideal objectives of a business are clear, acceptable, precise and measurable. | | (0) |
| | (iv) | Only graduates are permitted to do business in a stock exchange. | | (0) |
| | (v) | A good report is a well written document. | | (0) |
| (c) | Define the following terms in not more than two sentences: | 1x6 | |
| | (i) | Sleeping partner; | | (0) |
| | (ii) | A holding company; | | (0) |
| | (iii) | Preference shares; | | (0) |
| | (iv) | Statutory meeting; | | (0) |
| | (v) | International environment; | | (0) |
| | (vi) | A circular. | | (0) |
7. | Distinguish between— | 9+8 | |
| (a) | Memorandum of Association and Articles of Association. | | (0) |
| (b) | Public Limited Company and Private Limited Company. | | (0) |
8. | Define a Prospectus. Why and by whom is it issued? What are the usual contents of a Prospectus? | 3+4+10 | (0) |
9. | Explain the role of Stock Exchange as a vital economic institution. What are the requirements for listing of shares in a Stock Exchange? | 10+7 | (0) |
10. | Write short notes on: | 4+5+4+4 | |
| (a) | Barriers to communication; | | (0) |
| (b) | Role of four animals in stock exchange; | | (0) |
| (c) | Special Resolution; | | (0) |
| (d) | Social responsibility of business. | | (0) |