This Paper has 44 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=10 | |
| | | (i) | Economic problems arise out of | (A) | Abundance | | (B) | Scarcity | | (C) | Monopoly practices |
| | (0) |
| | | (ii) | Average variable cost curve is | (A) | L shaped | | (B) | U shaped | | (C) | Dish shaped |
| | (0) |
| | | (iii) | IFC (an affiliate of World Bank) stands for | (A) | International Finance Corporation | | (B) | Industrial Finance Corporation | | (C) | International Food Corporation |
| | (0) |
| | | (iv) | Credit creation is done by | (A) | Reserve Bank of India | | (B) | Commercial banks | | (C) | Mutual funds |
| | (0) |
| | | (v) | Short run production is related to | (A) | Fixed Factors | | (B) | Fixed and Variable Factors | | (C) | Variable Factors |
| | (0) |
| | (b) | Fill in the blanks : | 1x5=10 | |
| | | (i) | The rate of change in demand for a commodity due to a given change in its price is called _______ | | (0) |
| | | (ii) | The specialized bank for exports and imports in India is ________ | | (0) |
| | | (iii) | Disequilibrium in Balance of Payment means deficit in _______ account. | | (0) |
| | | (iv) | During inflation, bank rate should be ________. | | (0) |
| | | (v) | ______ is an addition to total cost when an additional unit of product is produced. | | (0) |
| | (c) | Define the following in not more than two sentences: | 1x6=6 | |
| | | (i) | Recession | | (0) |
| | | (ii) | Moral suasion | | (0) |
| | | (iii) | Consumer’s surplus | | (0) |
| | | (iv) | Deficit financing | | (0) |
| | | (v) | Market price | | (0) |
| | | (vi) | Demand pull inflation. | | (0) |
| 2. | Discuss the Ricardian theory of rent and point out its limitations. | 9+8 | (0) |
| 3. | State the factors determining elasticity of demand. Indicate the practical utility of the concept of elasticity of demand. | 9+8 | (0) |
| 4. | What is taxable capacity? Discuss the factors upon which taxable capacity of an individual depends. | 7+10 | (0) |
| 5. | What is capital formation? What is its significance? Explain the steps in capital formation. | 4+6+7 | (0) |
| SECTION II |
| Answer Question No. 6 which is compulsory and any two from the rest. |
| 6. | (a) | Answer the following : | 1x5=5 | |
| | | (i) | Abull is | (A) | A speculator who expects price to fall | | (B) | A speculator who expects price to rise | | (C) | A speculator who invests in mutual fund. |
| | (0) |
| | | (ii) | Noise is a | (A) | Style of communication | | (B) | Barrier to Communication | | (C) | Source of disturbance in meeting. |
| | (0) |
| | | (iii) | Liability clause is contained in | (A) | Articles of Association | | (B) | Prospectus | | (C) | Memorandum of Association. |
| | (0) |
| | | (iv) | Listing in Stock Exchange is | (A) | Mandatory | | (B) | Optional | | (C) | Desirable |
| | (0) |
| | | (v) | A “Class meeting” is a special meeting for | (A) | Preference shareholders only | | (B) | Equity shareholders only | | (C) | Preference shareholders and/or equity shareholders. |
| | (0) |
| | (b) | State which of the following statements are “True” and which are “False”: | 1x5=5 | |
| | | (i) | Registered partnership enjoys perpetual existence. | | (0) |
| | | (ii) | A debenture is a trusteeship document | | (0) |
| | | (iii) | Earning of adequate profit is an economic objective of a business. | | (0) |
| | | (iv) | Limited liability is the normal feature of a partnership firm. | | (0) |
| | | (v) | Stock Exchange is the barometer of a company’s prosperity. | | (0) |
| | (c) | Define the following in not more than two sentences: | 1x6=6 | |
| | | (i) | Unlimited liability | | (0) |
| | | (ii) | Proxy | | (0) |
| | | (iii) | Encoding | | (0) |
| | | (iv) | Called up capital | | (0) |
| | | (v) | KRAT | | (0) |
| | | (vi) | Bonus share | | (0) |
| 7. | Distinguish between | 9+8 | |
| | (a) | Share and Debentures | | (0) |
| | (b) | Bulls and Bears | | (0) |
| 8. | What is Stock Exchange? Discuss its economic functions | 5+12 | (0) |
| 9. | Define communication. Discuss the steps involved for an effective communication system. | 7+10 | (0) |
| 10. | Write short notes on: | 4+5+4+4 | |
| | (a) | Statutory meeting | | (0) |
| | (b) | Articles of Association | | (0) |
| | (c) | Public utility services | | (0) |
| | (d) | Business environment. | | (0) |
