OMTEX
CLASSES
ECONOMICS
BISMILLAH Ist
preliminary exam….
3
hours 100
marks
Don’t
make any correction on objectives. BISMILLAH
Write
four points for two marks answer. BISMILLAH
Q.1
(A) Fill in the blanks with appropriate alternatives given in the brackets:
(5 marks)
BISMILLAH
1.
If
the price of the inferior good falls, the demand for them wills ____________.
(increase, decrease, become zero)
2. Demand
elasticity can be measured from demand curve by ____________method. (total
outlay, geometric, percentage, mathematical)
3. To
increase credit creation Central Bank ___________the debentures. (sells,
purchases, borrows, stocks)
4. Marginal
consumption function is always ___________ (zero, less than one, more than one,
one)
5. ___________economics
can study the problem of inflation in the country. (micro, macro, static,
dynamic)
(B) State the whether the
following statements are true or false: (5 marks) BISMILLAH
1. Poison
has utility.
2. Demand
will not increase by coming of new customers.
3. Demand
elasticity concept is useful for labour union.
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4. There
is no price discrimination in the monopolistic competition. Group
B
5. Due
to government expenditure demand increases.
(C) Choose the correct answer:
(5 marks)
BISMILLAH
1. In
the period of scarcity of a particular commodity_____________. (price becomes
less, demand becomes less, price and demand increase, price and demand
decreases)
2. When
income increases consumption and saving _________. (decreases, increases, be
constant, be equal)
3.
Currency
rate of India to other currency means___________(interest rate, exchange rate,
tax rate, profit rate)
4. In
the long run supply becomes __________. (active, inactive, zero, negative)
5. Demand
elasticity of habitual goods is____________. (more elastic, less elastic, zero
elastic, unitary elastic)
(D) Match the following Group
‘A’ with Group ‘B’: (5 marks)
BISMILLAH
Group ‘A’
|
Group ‘B’
|
1.
Economics
2.
Reward of Capital
3.
Value of money
4.
Establishment of Central Bank
5.
Sales Tax
|
1.
Not Steady
2.
1st April 1935
3.
Social Science
4.
Income from commodity tax
5.
Natural Science
6.
Interest
7.
1st April 1939
|
Q.2 (A) Explain the following
concepts or give definition: -
BISMILLAH (any 4)
(8 Marks)
1. Average
Propensity to Consume
2. Monetary
System
3. Saving
4. Consumption
5. Paper
Money
6. Fixed
Deposit
7. Surplus
Budget
8. Export
(B) State whether the following
statements are true or false give reason: -
BISMILLAH (any 4) (8 Marks)
1.
Low interest rate is given on Fixed Deposit.
2. Actual Money and
near money are one and the same. (False)
3. Central Bank has
monopoly power to issue notes.
4. There is no
difference between surplus and deficit budget.
5. Public revenue
always exceeds public expenditure.
6. Donation is not
compulsory.
7. Petrol and
diesel have positive cross elasticity of demand.
8. The demand for
composite commodities is elastic.
Q.3 (A) Distinguish Between: - BISMILLAH (any
4) (8 Marks)
1.
Percentage method V/S Total Outlay method
2.
Stock V/S Supply
3.
Perfectly elastic Demand V/S Perfectly Inelastic
Demand
4.
Demand Curve V/S Supply Curve
5.
Land V/S Capital
6.
Income method V/S Expenditure Method
7.
Illegal Income V/S Transfer Income
8. Aggregate Demand
V/S Aggregate Supply
(B) Give Reason or Explain:
- BISMILLAH (any
4) (8 Marks)
1.
Bearer cheque is as considered as very danger
cheque.
2.
For the Period of depression, deficit budget is
prepared. Pg no…74
3.
Margin requirement determines the value of loan.
4.
Credit money can be refused.
5.
Investment expenditure depends upon the rate of
interest also.
6.
The stock of capital is a determinant factor of
aggregate supply.
7.
Money is medium of exchange.
8. The demand of
goods depends upon many factors.
Q.4 (A) Answer the following: - BISMILLAH (any
2) (8 Marks)
1.
Consumption Function
2.
Function of Money.
3.
What are the Determinants of Market Demand?
4. Secondary
Function of Commercial Bank?
(B) Short Notes: - BISMILLAH (any
2) (8 Marks)
1.
What are the Determinants of Aggregate Demand?
2.
Types of Utility.
3.
Assumption of Law of Supply.
4.
Relationship between Marginal Utility and Total
Utility
Q.5
State with reason, whether you agree or disagree with the following
statements: -
BISMILLAH (any 2) (16 Marks)
1. Perfect
Competition and Monopolistic competition is the same.
2. There
is no Exception in Law of Supply.
3. Micro
Economy is deal with whole economy.
Q.6
Answer the following questions in detail: - BISMILLAH (any
2) (16 Marks)
1. Explain
the Law of Diminishing marginal Utility? Explain its Exception?
2. What
meant by Perfect Competition? State its Features?
3. What
is meant by Price Elasticity of Demand? Explain its Types?