This Paper has 43 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) | In a monopoly, the monopolist can | (A) | Control supply and demand; | | (B) | Control price or supply; | | (C) | Control price and demand; | | (D) | Control price and supply. |
| | (0) |
| | | (ii) | The concept of Quasi Rent is given by | (A) | Ricardo; | | (B) | Joan Robinson; | | (C) | Marshall; | | (D) | Robbins. |
| | (0) |
| | | (iii) | The difference between GDP at factor cost and GDP at market price is | (A) | Depreciation; | | (B) | Net factor income from aboard; | | (C) | Net indirect taxes and subsidies; | | (D) | Direct taxes. |
| | (0) |
| | | (iv) | Effective demand is | (A) | Demand exceeds supply; | | (B) | Aggregate demand is equal to aggregate supply; | | (C) | Elasticity of demand for a product is high; | | (D) | Difference between actual and forecast demand. |
| | (0) |
| | | (v) | Progressive taxation means | (A) | Tax burden falls more heavily on smaller income; | | (B) | Tax burden increases with income; | | (C) | Large quantity of tax evasion; | | (D) | Large quantity of tax avoidance. |
| | (0) |
| | (b) | Fill in the blanks: | 1x5=5 | |
| | | (i) | A firm maximises its profits where its marginal revenue is equal to its ___________. | | (0) |
| | | (ii) | The rate of interest charged by the Central Bank is called the ____________. | | (0) |
| | | (iii) | The value of marginal propensity to consume is always ___________ than unity. | | (0) |
| | | (iv) | When even displacements of large number of workers cannot affect output, it implies the existance of ___________. | | (0) |
| | | (v) | Industrial Finance Corporation has the objective to provide funding for _________ and ________ terms. | | (0) |
| | (c) | Define the following terms in not more than two lines: | 1x6=6 | |
| | | (i) | Investment multiplier; | | (0) |
| | | (ii) | Liquidity trap; | | (0) |
| | | (iii) | Balance of payment; | | (0) |
| | | (iv) | Total utility; | | (0) |
| | | (v) | Say’s Law; | | (0) |
| | | (vi) | Bank money. | | (0) |
| 2. | What is price discrimination? What are the different types of price discrimination? When is it possible? When is price discrimination profitable? | 2+5+
5+5=17 | (0) |
| 3. | Explain the quantitative and qualitative weapons of credit central Bank of a country. | 17 | (0) |
| 4. | What is taxable capacity? What are its types? Explain the factors on which taxables capacity depends. | 2+5+10
=17 | (0) |
| 5. | (a) | Discuss the functions of IMF. | | (0) |
| | (b) | Critically examine the role of IBRD. | 8+9=17 | (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) | In a Sole proprietorship | (A) | Liability is limited; | | (B) | There is no risk; | | (C) | Liability is unlimited. |
| | (0) |
| | | (ii) | In India, a foreign company is a company | (A) | Having a place of business outside India; | | (B) | Incorporated outside India and having business outside India; | | (C) | Incorporated outside India and having business in India. |
| | (0) |
| | | (iii) | In a partnership, a minor | (A) | Can be admitted as partner; | | (B) | Can be admitted as a partner in an unregistered firm; | | (C) | Can be admitted as a beneficiary of profits. |
| | (0) |
| | | (iv) | SWOT stands for | (A) | Sadness, weakness, oppression and terrorism; | | (B) | Success, worthiness, opportunities and trust; | | (C) | Strength, weakness, opportunities and threats. |
| | (0) |
| | | (v) | Bulls are oprators in stock exchange who are also called | (A) | Mandeewalas; | | (B) | Lameducks; | | (C) | Tejiwalas. |
| | (0) |
| | (b) | State which of the following statements are “True” and which are “False”: | 1x5=5 | |
| | | (i) | OTEC provide promoter’s contribution or seed capital. | | (0) |
| | | (ii) | Encoding is deciphering the meaning of the communication received. | | (0) |
| | | (iii) | A proxy is not entitled to speak or vote in a general meeting of a company. | | (0) |
| | | (iv) | Statement in lieu of prospectus is issued by a private company. | | (0) |
| | | (v) | Age and sex compositions of population is a part of social environment. | | (0) |
| | (c) | Define the following terms in not more than two lines: | 1½x4=6 | |
| | | (i) | Cooperative; | | (0) |
| | | (ii) | Annual General meeting; | | (0) |
| | | (iii) | Business Circular; | | (0) |
| | | (iv) | Spot transactions. | | (0) |
| 7. | Distinguish between — | 8+9=17 | |
| | (a) | Shares and Debentures. | | (0) |
| | (b) | Public Limited company and Private Limited Company. | | (0) |
| 8. | What are the various objectives of a business? Explain their characteristics and importance | 8+5+4
=17 | (0) |
| 9. | What is a Stock Exchange? Discuss the functions of Stock Exchange. | 5+12=17 | (0) |
| 10. | Write short note on | 4+4+4
+5=17 | |
| | (a) | Special Resolution; | | (0) |
| | (b) | Social responsibility of business; | | (0) |
| | (c) | Essential requirements of a meeting; | | (0) |
| | (d) | Ten commandments for good communication. | | (0) |
