This Paper has 69 answerable questions with 0 answered.
P—3(EBF) Syllabus 2008 |
Time Allowed : 3 Hours | Full Marks : 100 |
The figures in the margin on the right side indicate full marks. |
SECTION I (60 Marks) |
Answer Question No.1 which is compulsory and any two from the rest. |
Marks |
1. | (a) | Answer the following : | 1x9 | |
| | (i) | Economics is (A) | Normative science | (B) | Positive science | (C) | Human science | (D) | Political science | | | (0) |
| | (ii) | Theory of Demographic transition was developed by (A) | Malthus | (B) | Pigou | (C) | Walker | (D) | Keynes | | | (0) |
| | (iii) | Bank rate policy is a (A) | Quantitative method | (B) | Qualitative method | (C) | Optional method | (D) | Fiscal method | | | (0) |
| | (iv) | Inductive Method proceeds from (A) | Particular to General | (B) | General to Particular | (C) | Imagination to reality | (D) | None of the above | | | (0) |
| | (v) | Constituents of money supply are (A) | Rupee note and coins with the public | (B) | Credit cards | (C) | Traveller’ s cheques etc. | (D) | All the above | | | (0) |
| | (vi) | Total revenue is equal to (A) | Price x Quantity sold | (B) | | (C) | | (D) | All the above | | | (0) |
| | (vii) | The author of ‘General Theory of Employment and Money’ was (A) | Adam Smith | (B) | Paul Samuelsen | (C) | J.M.Keynes | (D) | Robbins | | | (0) |
| | (viii) | The law ‘supply creates its own deman’ was put forth by (A) | Marshall | (B) | Pigou | (C) | Robbins | (D) | J.B.say | | | (0) |
| | (ix) | Gresham’s law says (A) | Good money drives out bad money out of circulation | (B) | Bad money drives out good money out of circulation | (C) | Both good and bad money go out of circulation | (D) | None of the above | | | (0) |
| (b) | Fill in the blanks: | 1x12 | |
| | (i) | Percapita income figure would be inflated because of________________ | | (0) |
| | (ii) | When the rate of taxation decreases with the increase in income it is called ____________ taxation. | | (0) |
| | (iii) | ___________unemployment means when a large part of workforce engaged could be removed without reducing the total output. | | (0) |
| | (iv) | Theory of comparative coat was developed by_____________ | | (0) |
| | (v) | Cash Reserve Ratio should be _______________ to control inflation. | | (0) |
| | (vi) | National Income is nothing but the income of a nation or a ______________ | | (0) |
| | (vii) | Labour is a ____________factor. | | (0) |
| | (viii) | Generally money is created by the _____________. | | (0) |
| | (ix) | Fisher’s equation is MV = _____________. | | (0) |
| | (x) | Investment means a change in the stock of capital over a period of ________________. | | (0) |
| | (xi) | The two primary functions of a commercial bank are the ______________ function and ___________function. | | (0) |
| | (xii) | _____________policy is formulated and implemented by Government while _____________policy is executed by the Central Bank. | | (0) |
| (c) | State which of the following statement is True and which is False: | 1x9 | |
| | (i) | Giffen goods are otherwise known as superior goods. | | (0) |
| | (ii) | When total utility is zero, marginal utility is maximum. | | (0) |
| | (iii) | Average Fixed cost can never be zero. | | (0) |
| | (iv) | Adequate liquidity is an essential feature of a sound banking system. | | (0) |
| | (v) | Industrial Finance Corporation of India is an investment bank. | | (0) |
| | (vi) | Unfavourable balance of trade exists when imports are greater than exports. | | (0) |
| | (vii) | Theory of absolute trade was propounded by J.M.Keynes. | | (0) |
| | (viii) | An increase in wealth means an increase in welfare. | | (0) |
| | (ix) | Income tax is an indirect tax. | | (0) |
| (d) | Define the following terms in not more than two lines: | 1x6 | |
| | (i) | Consumer’s surplus | | (0) |
| | (ii) | Shut down point | | (0) |
| | (iii) | Near money | | (0) |
| | (iv) | Regressive tax | | (0) |
| | (v) | Semi–inflation | | (0) |
| | (vi) | Monetary Policy | | (0) |
2. | Write short notes on the following: | 4x3 | |
| (a) | Credit creation by commercial banks | | (0) |
| (b) | Determinants of Elasticity of Demand | | (0) |
| (c) | Functions of money | | (0) |
3. | Define Central Bank. Discuss its various functions. | 2+10 | (0) |
4. | Discuss the Cannous of taxation. | 12 | (0) |
SECTION II (40 Marks) |
Answer Question No.6 which is compulsory and any two from the rest. |
Marks |
5. | (a) | Answer the following: | 1x6 | |
| | (i) | Articles of Association of a company (A) | is a document showing internal relationship | (B) | is a document showing external relationship of a company | (C) | is an appeal to the public to subscribe to the shares of a company | (D) | is a creditorship document | | | (0) |
| | (ii) | OTCEI is (A) | An export organization | (B) | Funding agency for industries | (C) | A public facility to get scheduled drugs | (D) | Assisting small and medium firms to get access to share market nationwide | | | (0) |
| | (iii) | All the business activities fall under the categories: (A) | Industry | (B) | Trade | (C) | Commerce | (D) | All the above | | | (0) |
| | (iv) | Characteristics of the sole proprietorship are: (A) | Capital contribution | (B) | Unlimited liabilities | (C) | Limited area of operation | (D) | All the above | | | (0) |
| | (v) | Merits of a partnership form of business are: (A) | Simple formation | (B) | Sufficient resources | (C) | Flexibility of operations | (D) | All the above | | | (0) |
| | (vi) | The securities Contract (Regulation) Act 1956 regulates: (A) | Security of companies | (B) | Contractual relations between a company and its shareholders | (C) | Formation and functioning of stock exchanges in the country | (D) | All the above | | | (0) |
| (b) | Fill in the blanks: | 1x6 | |
| | (i) | Perpetual existence is a feature of _______________ organization. | | (0) |
| | (ii) | No redeemable preference share can be redeemed unless they are _______________. | | (0) |
| | (iii) | The issue of bonus shares by a company is a __________________. | | (0) |
| | (iv) | All general meetings other than the Statutory and Anual general meetings are called ___________ general meetings. | | (0) |
| | (v) | Government policies are an important part of ___________ environment of a company. | | (0) |
| | (vi) | A written communication provides _____________ record for future reference. | | (0) |
| (c) | State which of the following are ‘TRUE’ and which are ‘FALSE’ | 1x6 | |
| | (i) | Misstatements in prospectus leads to cancellation of listing. | | (0) |
| | (ii) | Private company limits its members to fifty. | | (0) |
| | (iii) | Social or cultural environment is a part of political environment. | | (0) |
| | (iv) | Stock exchanges mirror the phases of business cycles. | | (0) |
| | (v) | The company law has not given any legal status to a promoter. | | (0) |
| | (vi) | A stock exchange does not permit speculation. | | (0) |
| (d) | Define the following terms in not more than two lines: | 1x6 | |
| | (i) | Special resolution | | (0) |
| | (ii) | Contract note | | (0) |
| | (iii) | E–mail | | (0) |
| | (iv) | A co–operative | | (0) |
| | (v) | A multinational company | | (0) |
| | (vi) | Minor as a partner | | (0) |
6. | (a) | Explain the features of good communication. | 4+4 | (0) |
| (b) | Draft a circular to your customer detailing the new series product you are introducing into the market. | | (0) |
7. | What is meant by listing in stock exchange? Explain the procedure for listing in a stock exchange. | 4+4 | (0) |
8. | Discuss the various objectives of a business. | 8 | (0) |