This Paper has 69 answerable questions with 0 answered.
P—3(EBF) Syllabus 2008 |
Time Allowed : 3 Hours | Full Marks : 100 |
The figures in the margin on the right side indicate full marks. |
SECTION I (Marks 60) |
Answer Question No.1 which is compulsory and any two from the rest. |
Marks |
1. | (a) | Answer the following : | 1x9 | |
| | (i) | Scarcity definition was given by: (A) | L.Robbins | (B) | Alfred Marshall | (C) | J.M.Keynes | (D) | Adam Smith | | | (0) |
| | (ii) | Real Investment comprises of: (A) | Machine | (B) | Shares | (C) | Debenture | (D) | Bond | | | (0) |
| | (iii) | Consumer‘s surplus was propounded by: (A) | Alfred Marshall | (B) | Pigou | (C) | Malthus | (D) | Robbins | | | (0) |
| | (iv) | Law of demand explains: (A) | Quantitative relationship | (B) | Qualitative relationship | (C) | Functional relationship | (D) | None of the above. | | | (0) |
| | (v) | Exception to the law of supply is: (A) | Agricultural product | (B) | Scarce goods | (C) | Labour market | (D) | All the above. | | | (0) |
| | (vi) | Economic costs comprise of: (A) | Explicit costs | (B) | Implicit costs | (C) | Normal profit | (D) | All the above. | | | (0) |
| | (vii) | Homogeneous product is the characteristic of: (A) | Perfect competition | (B) | Monopoly market | (C) | Monopolistic competition | (D) | Oligopoly | | | (0) |
| | (viii) | Types of price discrimination are: (A) | Price discrimination of first degree | (B) | Price discrimination of second degree | (C) | Price discrimination of third degree | (D) | All the above. | | | (0) |
| | (ix) | Non–price competition exists in: (A) | Monopoly market | (B) | Oligopoly | (C) | Monopolistic competition | (D) | Discriminating monopoly. | | | (0) |
| (b) | Fill in the blanks : | 1x12 | |
| | (i) | Net National Product = Gross National Product minus ________ | | (0) |
| | (ii) | Per Capita Income = National Income. | | (0) |
| | (iii) | National Income data depict the ________ of Income among economic units. | | (0) |
| | (iv) | Labour cannot be separated from ________. | | (0) |
| | (v) | Essay on the Principle of Population was written by ________. | | (0) |
| | (vi) | Formula for calculating optimum population is ________. | | (0) |
| | (vii) | Visible items comprise of exports and ________. | | (0) |
| | (viii) | Comparative Cost Theory of International Trade was propounded by ________. | | (0) |
| | (ix) | Balance of payment is ________ than Balance of Trade. | | (0) |
| | (x) | Money is a matter of functions four: a medium, a measure, a standard and a ________. | | (0) |
| | (xi) | Quantitative Theory of Money was propounded by ________ | | (0) |
| | (xii) | Cash Balance Approach is based on the ________ of money. | | (0) |
| (c) | State which of the following statement is ‘true’ and which is ‘false’. | 1x9 | |
| | (i) | There is continuous rise in price level and the value of money decreases during inflation. | | (0) |
| | (ii) | Dear Money Policy is adopted during inflation. | | (0) |
| | (iii) | There is glut of goods during deflation. | | (0) |
| | (iv) | Central Bank creates credit. | | (0) |
| | (v) | Cash Reserve Ratio is a limitation of credit creation. | | (0) |
| | (vi) | IFCI was set up in July 1948. | | (0) |
| | (vii) | Unit Trust of India is an Investment Bank. | | (0) |
| | (viii) | International Monetary Fund stabilises the foreign exchange rate. | | (0) |
| | (ix) | Special Drawing Rights facilitate the international liquidity. | | (0) |
| (d) | Define the following terms in not more than two lines: | 1x6 | |
| | (i) | Indirect Tax, | | (0) |
| | (ii) | Proportional Tax, | | (0) |
| | (iii) | Principle of Certainty, | | (0) |
| | (iv) | Bank Rate, | | (0) |
| | (v) | Marginal Cost, | | (0) |
| | (vi) | Cash Reserve Ratio. | | (0) |
2. | Define Central Bank. Discuss its various functions. | 2+10 | (0) |
3. | Write short notes on the following: | 4+4+4 | |
| (a) | Characteristics of Perfect Competition; | | (0) |
| (b) | Consumption Function; | | (0) |
| (c) | Deficit Financing. | | (0) |
4. | What is EXIM Bank? What are its functions? State the ‘three dimensional strategy’ developed by the EXIM Bank. | 4+4+4 | (0) |
SECTION II (Marks 40) |
Answer Question No. 5 which is compulsory and any two from the rest. |
Marks |
5. | (a) | Answer the following : | 1x6 | |
| | (i) | Economic activities are those which are inspired by: (A) | Spiritual needs | (B) | The desire to earn money | (C) | Desire to help mankind | (D) | All the above. | | | (0) |
| | (ii) | In a limited liability partnership: (A) | All partners have limited liability | (B) | All partners have unlimited liability | (C) | Some partners have limited liability | (D) | Some partners have no liability at all. | | | (0) |
| | (iii) | Minimum number of members needed for a public company is: | | (0) |
| | (iv) | Which of the following is not a social obligation for a firm: (A) | Avoiding anti–social practices | (B) | Maintaining a healthy environment | (C) | Ensuring job satisfaction of employees | (D) | Earning adequate profit. | | | (0) |
| | (v) | Organised stock exchange in the country was started in Bombay in (A) | 1877 | (B) | 1939 | (C) | 1977 | (D) | 1907. | | | (0) |
| | (vi) | Latest developments in communications media include: (A) | Email | (B) | SMS | (C) | Video–conferencing | (D) | All the above. | | | (0) |
| (b) | Fill in the blanks : | 1x6 | |
| | (i) | A company is an ________ association. | | (0) |
| | (ii) | The quorum at the annual general meeting in case of a private company is _______. | | (0) |
| | (iii) | Government policies are an important part of ________ environment of a company. | | (0) |
| | (iv) | No person can be a member of a stock exchange if he is less than ________ years of age. | | (0) |
| | (v) | Written communication provides a ________ record for future reference. | | (0) |
| | (vi) | The main motive of state enterprises is to render ________. | | (0) |
| (c) | State which of the following statement is "True" and which is "False": | 1x6 | |
| | (i) | The liability of a sole proprietor is always limited. | | (0) |
| | (ii) | The Company Law has not given any legal status to promoter. | | (0) |
| | (iii) | The same environment may offer opportunities to some firms and threats to some other firms. | | (0) |
| | (iv) | A stock market encourages capital formation. | | (0) |
| | (v) | A stock exchange deals with the securities of all companies. | | (0) |
| | (vi) | For communication to be effective, it must be communicator–oriented. | | (0) |
| (d) | Define the following terms in not more than two lines: | 1x6 | |
| | (i) | Trade secretary. | | (0) |
| | (ii) | Partner by estoppel. | | (0) |
| | (iii) | A multinational company. | | (0) |
| | (iv) | Certificate of commencement of business. | | (0) |
| | (v) | Stock Exchange Clearing House. | | (0) |
| | (vi) | Forward delivery contracts. | | (0) |
6. | Write short notes on the following: | 4+4 | |
| (a) | Merits of Limited Liability Partnership; | | (0) |
| (b) | Shares and Debentures. | | (0) |
7. | What is listing of securities? What are the steps involved in completing a transaction through stock exchange broker? | 2+6 | (0) |
8. | What is communication? Explain Encoding, Decoding and Feedback as the elements in the process of communication. | 2+2+2+2 | (0) |