This Paper has 45 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: | 4 | |
| | | (i) | The difference between gross national income and gross domestic product is | (a) | Net factor income from abroad | | (b) | Indirect taxes and subsidies; | | (c) | Depreciation; | | (d) | Invisible items. |
| | (0) |
| | | (ii) | Gross elasticity of demand is a measure of | (a) | Consumer responsiveness to income | | (b) | Consumer responsiveness to process of related goods; | | (c) | Consumer responsiveness to taxes; | | (d) | Consumer responsiveness to advertisement. |
| | (0) |
| | | (iii) | Invisible items are included in | (a) | Balance of trade account; | | (b) | Balance of payment account; | | (c) | Official reserves account; | | (d) | Reserve Bank of India’s account. |
| | (0) |
| | | (iv) | Value of money changes | (a) | In direct proportion to money supply; | | (b) | In inverse proportion to money supply; | | (c) | In accordence with change in bank rate; | | (d) | In proportion to savings and investement. |
| | (0) |
| | (b) | Fill in the blanks: | 6 | |
| | | (i) | _________ economics deals with the analysis of individual units of an economy. | | (0) |
| | | (ii) | _________ has no cost of production though it is an agent of production. | | (0) |
| | | (iii) | _________ is determined by the force of total demand and supply. | | (0) |
| | | (iv) | A central bank has the monopoly of _________. | | (0) |
| | | (v) | In a mixed economy we find some elements of ________ and elements of _________. | | (0) |
| | (c) | Define the following in one sentence: | 1½x4=6 | |
| | | (i) | Disguised unemployment; | | (0) |
| | | (ii) | Human capital; | | (0) |
| | | (iii) | Marginal propensity to consumer; | | (0) |
| | | (iv) | Administered pieces. | | (0) |
| 2. | Explain how price is determined under perfect competetion. Illustrate your answer diagrammatically. | 12+5 | (0) |
| 3. | (a) | Define central bank. How does it differ from commercial bank? | 3+6=9 | (0) |
| | (b) | Discuss the function of the NABARD. | 8 | (0) |
| 4. | (a) | What do you understand by the term National Income? | 5 | (0) |
| | (b) | How would you measure the National Income of a country? | 12 | (0) |
| 5. | (a) | What are the causes of inflation? | 5 | (0) |
| | (b) | What are its effects? | 6 | (0) |
| | (c) | How would you control it? | 6 | (0) |
| SECTION II (50 marks) |
| Answer Question No. 6 which is compulsory and any two from the rest |
|
| 6. | (a) | Answer the following: | 4 | |
| | | (i) | Economic environment includes | (a) | Customs and traditions; | | (b) | Foreign trade and prices; | | (c) | Government regulations on services; | | (d) | Constitutional right and duties. |
| | (0) |
| | | (ii) | Semantic barriers to communication refer to | (a) | Receiver misinterpreting the symbols used by sender; | | (b) | Sender misusing the symbols; | | (c) | Receiver clarifying the symbol with sender; | | (d) | Receiver not being able to decode the symbol sent by sender. |
| | (0) |
| | | (iii) | Obligation of a business towards society is | (a) | Socio–economic obligations; | | (b) | Socio–lrgal obligations; | | (c) | Socio–political obligations; | | (d) | Socio&ndashp;medical obligations. |
| | (0) |
| | | (iv) | Limited liability means | (a) | A firm canot borrow beyond a legal limit; | | (b) | Liability of the chairman is alone limited; | | (c) | Liability of all the partners is limited; | | (d) | Liability of all the shareholders is limited. |
| | (0) |
| | (b) | State which of the following statements are “True” and which are “False”. | 4 | |
| | | (i) | Like a joint stock company, a co–operative society is also treated as an independent legal entity. | | (0) |
| | | (ii) | Memorandum of association explains the relation ship between company and employees. | | (0) |
| | | (iii) | Class meetings are arranged for bringing out a change in the rights and privileges of preference shareholders and to take them into confidence. | | (0) |
| | | (iv) | A notice and a report are the same thing in the eye of law | | (0) |
| | (c) | Define the following in one or two sentences: | 1½x4=6 | |
| | | (i) | A sleeping partner | | (0) |
| | | (ii) | A foreign company; | | (0) |
| | | (iii) | A tejiwalla | | (0) |
| | | (iv) | Decoding and understanding the message. | | (0) |
| | (d) | Fill in the gaps of the following: | 4 | |
| | | (i) | The agreement for running a partnership business is for_________. | | (0) |
| | | (ii) | Without requisite________ a meeting Cannot be held. | | (0) |
| | | (iii) | Debenture holders are really _________ of the company. | | (0) |
| | | (iv) | _______ means share in the share capital of company. | | (0) |
| 7. | Distinguish between: | 8+8 | |
| | (a) | A co–operative organisation and a joint stock company | | (0) |
| | (b) | Certificate of incorporation and certificate to commence business. | | (0) |
| 8. | (a) | Who is a promoter of a company? Is he a trustee of a company? | 2+6=8 | (0) |
| | (b) | What is meant by ‘Listing of Securities’ in a stock exchange? Explain its significance to investors. | 4+4=8 | (0) |
| 9. | (a) | What is an Extra Ordinary General Meeting? Mention five usual business that are conducted at such meetings. | 7+5=12 | (0) |
| | (b) | What are public utility services? | 4 | (0) |
| 10. | (a) | Explain the importance of communication in business. | 8 | (0) |
| | (b) | What are the 5 important “C’s” in a business letter? | 8 | (0) |
