| 1. |
Answer any four of the following:
| (a) | Total utility is the sum total of marginal utilities. — Discuss. |
| (b) | Explain current account and capital account in Balance of Payment. |
| (c) | How is price in the industry determined by the market mechanism? |
| (d) | Is saving a virtue or vice? |
| (e) | What do you understand by seasonal unemployment and disguised unemployment? |
|
5x4=20 |
| 2. |
What is the impact of selling cost on imperfect competition? What are the characteristics of imperfect competition? |
3+12=15 |
| 3. |
What are the reasons or motives for liquidity preference? Discuss the liquidity preference theory of interest. |
7+8=15 |
| 4. |
What do you understand by "taxable capacity"? Discuss the canons of taxation. |
3+12=15 |
| 5. |
Discuss the functions of Industrial Development Bank of India.
| 15 |
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|
| Section II (50 Marks) |
| Answer Question No. 6 which is compulsory and any two from the rest. |
| |
| 6. |
Answer any four of the following:
| (a) | Under certin circumstances, sole proprietorship has no better alternative. — What are these circumstances? |
| (b) | The contractual relationship in case of partnership is based on mutual trust and utmost good faith.- Discuss. |
| (c) | What are the declarations to be filed with the Registrar of Companies to obtain "Certificate of Commencement of business"? |
| (d) | What are the structural parts of a business letter? |
| (e) | What is meant by "minutes of the meeting"? |
|
5x4=20 |
| 7. |
Distinguish between:
(a)
(b) |
Partnership and Co-operative organisation.
Equity Shares and Preference Shares.
|
|
8+7=15 |
| 8. |
Define a Company. Discuss the features of a company. |
3+12=15 |
| 9. |
What is Stock Exchange? Discuss the functions and services of stock exchange. |
3+12=15 |
| 10. |
What is Statutory Meeting? What are the aspects of Statutory Report? |
3+12=15 |
__________ |
