Economics March 2013
Def:
1micro,macro.
2bank rate\CRR\OMO.
3fixed\current\savings deposit.
4budget\surplus\deficit\balanced.
5national income.
6labour\capital\enterpreneur\land.
7.income\consumption\saving.
8perfectly elastic\relatively elst\unitary elastic.
Q2B is from 09,10,11 and HR coll paper.
Q3A dist
1micro\macro.
2utility\usefulness,MU\TU.
3expansion\increase\contraction\decrease
4.quantitative\qualitative tools.
5dd\ss,dd curve \supply curve.
6income\consumption\saving.
7agg dd\agg supply
8.monopoly\monopolistic\perfect comp.
9fixed \current\savings..
Q3b 3 board papers and hr college paper.
Q.4 a)
1.Features of land,labour,capital,enterpreneur
2.Features of micro and macro eco
3.Concepts of saving function(diagram)and consumption function factors of both objective and subjective factors.
4.Functions and types of money
5.Components and types of govt budget.
6.Factors affecting agg dd\agg ss\effective dd.
Q.4 b)
1.Features of perfect comp\monopoly\monopolistic competition
2.Psychological law of consumpt\govt expenditiure\propensity to save and consume.
3.Tools of monetary or fiscal policy
4.Difficulties in measuring national incom,circular flow
5.Functions of commercial banks\types of deposit
6.Types of elasticity\price elasticity\methods of measuring elastictiy
7.Factors affecting demand\ supply
Q.5 do you agree
1.Comm bnks create whereas central bnk controls credit(here u have to mention and explain a little of tools also)
2.In perfect comp industry is price maker and firm is the price taker and also explain its equilibrium.
3.Laws of supply and demand don't have assumptions and exceptions.
4.There are no real exceptions to the law of dmu
Q.6
1.Functions of central and commercial bnk
2.Law of dmu with its exceptions.
3.Quantitative and qualitative tools are used by the central bank to control credit..