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 : | 1x5 | |
| | | (i) | Economics is a | (A) | Pure science | | (B) | Physical science | | (C) | Social science |
| | (0) |
| | | (ii) | Profit is | (A) | A contractual income | | (B) | A certain income | | (C) | A mixed income |
| | (0) |
| | | (iii) | A regression tax is one where burden falls | (A) | more on the rich | | (B) | more on the corporate sector | | (C) | more on the poor |
| | (0) |
| | | (iv) | A firm under perfect competition | (A) | earns only normal profits in long run | | (B) | earns super normal profits in long run | | (C) | may make losses in long run |
| | (0) |
| | | (v) | If demand is inelastic a rise in price | (A) | makes no change in consumer expenditure | | (B) | increases consumer expenditure | | (C) | decreases consumer expenditure |
| | (0) |
| | (b) | Fill in the blanks : | 1x5 | |
| | | (i) | ________ economics deals with the analysis of small individual units of the economy. | | (0) |
| | | (ii) | Demand for inferior goods ________ with increase in income. | | (0) |
| | | (iii) | Creation of utility is called ________. | | (0) |
| | | (iv) | There is inverse relationship between value of money and _______. | | (0) |
| | | (v) | IFC is affiliated to the ________. | | (0) |
| | (c) | Define the following terms in not more than two sentences: | 1x6 | |
| | | (i) | Marginal propensity to save | | (0) |
| | | (ii) | Direct tax | | (0) |
| | | (iii) | Fiscal policy | | (0) |
| | | (iv) | Oligopoly | | (0) |
| | | (v) | Quasi–rent | | (0) |
| | | (vi) | Inflation | | (0) |
| 2. | Explain the law of diminishing marginal utility. What are the limitations of the law? | 12+5 | (0) |
| 3. | What do you understand by the term national income? How would you measure the national income of a country? What difficulties are involved in its measurement? | 4+8+5 | (0) |
| 4. | Define Central Banking. What are the functions of Central Banking? | 5+12 | (0) |
| 5. | Discuss | 8+9 | |
| | (a) | the canons of taxation, | | (0) |
| | (b) | function of N.A.B.A.R.D | | (0) |
| SECTION II |
| Answer Question No. 6 which is compulsory and any two from the rest. |
| 6. | (a) | Answer the following : | 1x5 | |
| | | (i) | State enterprises are | (A) | Owned by the State | | (B) | controlled by the State | | (C) | owned, managed and controlled by the State |
| | (0) |
| | | (ii) | SEBI stands for | (A) | Stock Exchange Board of India | | (B) | Securities Exchange Board of India | | (C) | Securities Earnings Board of India |
| | (0) |
| | | (iii) | OTC Exchange of India | (A) | helps large corporations raise funds | | (B) | provides promoter’s contribution or seed capital | | (C) | offers small and medium sized companies access to a market as well as a chance to raise finance |
| | (0) |
| | | (iv) | Statutory meeting is a meeting | (A) | convened once in the life of company | | (B) | convened once in a year | | (C) | convened as and when required |
| | (0) |
| | | (v) | Bonus shares are issued out of | (A) | Bank deposits | | (B) | Revaluation reserves | | (C) | Capital redemption reserves |
| | (0) |
| | (b) | State which of the following statements are “True” and which are “False”: | 1x5 | |
| | | (i) | One share one vote is the principle governing co–operative type of organization. | | (0) |
| | | (ii) | Decoding is a process involved in communication. | | (0) |
| | | (iii) | Social responsibility is a way to demonstrate an organization concern for society. | | (0) |
| | | (iv) | Misstatements in prospectus lead to cancellation of listing. | | (0) |
| | | (v) | A proxy is entitled to speak in the meeting of a company. | | (0) |
| | (c) | Define the following terms in not more than two sentences: | 1x6 | |
| | | (i) | Foreign company | | (0) |
| | | (ii) | Jobber | | (0) |
| | | (iii) | Special resolution | | (0) |
| | | (iv) | Minor as a partner | | (0) |
| | | (v) | Public utility organization | | (0) |
| | | (vi) | Listed securities | | (0) |
| 7. | Distinguish between | 8+9 | |
| | (a) | Memorandum of Association and Articles of Association; | | (0) |
| | (b) | Company limited by shares and Unlimited Companies. | | (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 concept of Social Responsibility of a Business. | 17 | (0) |
| 10. | Write short notes on: | 4+5+4+4 | |
| | (a) | Barrier to communication; | | (0) |
| | (b) | Role of four animals in stock exchange; | | (0) |
| | (c) | Board meetings; | | (0) |
| | (d) | Registration of partnership. | | (0) |
