CWA/ICWA Foundation :: Economics and Business Fundamentals : June 2003

C-I(EBF)
Revised Syllabus

Time Allowed : 3 Hours Full Marks : 100
Section I (50 marks)
Answer Question No. 1 which is compulsory and any five from the rest.
Marks
1. Answer any four of the following: 5x4=20
(a) Distinguish between consumption and investment.
(b) What do you understand by balance of trade and balance of payment?
(c) What are the points of difference between Macro economics and Micro economics?
(d) How does Government control "demand pull" inflation?
(e) Central bank is responsible for "pump in" and "pump out" bank credit. Do you agree?
2. What are the features of a monopoly? Can a monopolist charge any price? Discuss. 7+8=15
3. Explain the process of multiple creation of bank deposits and point out its limitations. 10+5=15
4. What are the merits of deficit financing? When does it become harmful? 7+8=15
5. Distinguish between the functions of the World Bank and the International Monetary Fund. 15
Section II (50 marks)
Answer Question No. 6 which is compulsory and any two from the rest.
6. Answer any four of the following: 5x4=20
(a) Certain restrictions have been imposed by the Companies Act of India on Private Companies. —What are these restrictions?
(b) What are the differences between a Partner-by-Estoppel and Partner-by-Holding Out?
(c) What is an Extraordinary General Meetings? When is it called?
(d) What are the "barriers to communication"?
(e) What is meant by quorum of a meeting? What will happen if it is not there?
7. Distinguish between: 8+7=15
(a) A Private Limited Company and Public Limited Company.
(b) Circular and Public Notice.
8. What are public utility services? Explain their merits. 5+10=15
9. What is a special resolution? Under what circumstances the company needs to pass a special resolution? Give a specimen of a special resolution. 15
10. What is a report? How do you classify it? What are the features of a good report? 15

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