This Paper has 42 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 was defined as a science of choice amidst scarcity by | (A) | Marshall; | | (B) | Smith; | | (C) | Robbins. |
| | (0) |
| | | (ii) | Equilibrium means | (A) | Stability; | | (B) | Equality; | | (C) | Balance. |
| | (0) |
| | | (iii) | Optimum level of population means | (A) | Maximum level of population; | | (B) | "maximum returns" level of population; | | (C) | maximum productive capacity. |
| | (0) |
| | | (iv) | IDA (an affiliate of World Bank) stands for | (A) | Indian Development Association; | | (B) | International Development Association; | | (C) | International Development Agency. |
| | (0) |
| | | (v) | A firm is said to be in equilibrium in the long run when | (A) | MR > MC; | | (B) | AR > AC; | | (C) | P=AR=MR=MC=AC. |
| | (0) |
| | (b) | Fill in the blanks: | 1x5 | |
| | | (i) | Marginal utility is the utility obtained from one __________ unit of thing. | | (0) |
| | | (ii) | The factor cost of land is ____________ | | (0) |
| | | (iii) | Capital is defined as ___________ __________ of production. | | (0) |
| | | (iv) | Money is a _____________ of exchange. | | (0) |
| | | (v) | Invisible items in the balance of payments indicates the value of exports and imports of ________. | | (0) |
| | (c) | Define the following terms in not more than two lines: | 1x6 | |
| | | (i) | Normal Price. | | (0) |
| | | (ii) | Velocity of money | | (0) |
| | | (iii) | Bank rate. | | (0) |
| | | (iv) | GDP. | | (0) |
| | | (v) | Concept of multiplier. | | (0) |
| | | (vi) | Marginal propensity to consume. | | (0) |
| 2. | Explain the concept of liquidity preference. What part does liquidity preference play in the determination of rate of interest? | 5+12 | (0) |
| 3. | (a) | Briefly discuss the various items of balance of payments. | 10 | (0) |
| | (b) | Examine the statement that "balance of payments always balances". | 7 | (0) |
| 4. | What is money? Discuss the quantity theory of money as propounded by Irving Fisher. | 5+12 | (0) |
| 5. | Explain the process of credit creation by commercial banks. What are the limitations to credit creation? | 10+7 | (0) |
SECTION II (50 marks)
|
| Answer Question No. 6 which is compulsory and any two from the rest |
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| 6. | (a) | Answer the following: | 1x5 | |
| | | (i) | A Co–operative society is | (A) | Profit–oriented; | | (B) | Service–oriented; | | (C) | Economic–oriented. |
| | (0) |
| | | (ii) | A public limited company can start its business after obtaining | (A) | Certificate of Incorporation; | | (B) | Certificate of Commencement of business; | | (C) | Listing Certificate. |
| | (0) |
| | | (iii) | MBO stands for | (A) | Management by oppression; | | (B) | Management by ownership; | | (C) | Management by objective. |
| | (0) |
| | | (iv) | Functions of a stock exchange do not include | (A) | Providing a market for securities; | | (B) | Safe guarding interests of investors; | | (C) | Providing a machinery for settlement of conflicts among the brokers. |
| | (0) |
| | | (v) | Important barriers to business communications are | (A) | The long distance between the senders and the receivers; | | (B) | The cost of sending and receiving communication; | | (C) | Status levels and personal differences of opinion between the senders and the receivers. |
| | (0) |
| | (b) | State which of the following statements are "True" and which are "False". | 1x5 | |
| | | (i) | Shares of all companies are dealt in on stock exchange. | | (0) |
| | | (ii) | 21 clear days’ notice must be served to hold a Board meeting. | | (0) |
| | | (iii) | Noise is every thing surrounding the entire spectrum of communication. | | (0) |
| | | (iv) | Customs, cultural values, religious beliefs etc. do not affect a business. | | (0) |
| | | (v) | The Government tries to restrict the activities of co–operative by the Act. | | (0) |
| | (c) | Define the following in not more than two lines: | 1x6 | |
| | | (i) | Convertible debenture | | (0) |
| | | (ii) | Quorum. | | (0) |
| | | (iii) | SWOT. | | (0) |
| | | (iv) | Decoding. | | (0) |
| | | (v) | Karta. | | (0) |
| | | (vi) | Organic objectives | | (0) |
| 7. | Distinguish between: | 8+9 | |
| | (a) | Spot transaction and forward transaction; | | (0) |
| | (b) | Minute writing and report writing. | | (0) |
| 8. | Discuss the various stages in the formation of a public joint stock company. | 17 | (0) |
| 9. | Define a meeting. What are the essential requirements of a valid meeting? | 3+14 | (0) |
| 10. | Explain the role of stock exchange as a vital economic institution. What are the requirements for listing of shares in a stock exchange? | 10+7 | (0) |
