Kozhikode Rural- Chevayur Sub District JDT Cluster
MODEL QUESTION PAPER 2010-11
ECONOMICS
HSE II
Marks : 80
Match the column A, B & C A 1. Monopolistic Competition 2. Capitalism 3. Macro 4 BOP
(4)
C B Trade deficit General Theory Keynes Product Differentiation Private Sector Decrease in Official Reserve Fairly large number of Price mechanism firms (2) Find the odd one out and justify 5. Income of the consumer, Price of the Commodity, Taste and preferences, Gross domestic product 6. Rise in real exchange rate, Rise in foreign income, Currncy Depreciation, Rise in domestic income Classify the following under proper headings 7. Fees and Fines, dividents from PSU, income tax, Special assessment, escheats, excise duty, (3) Custom duty, Wealth tax. 8. Complete the following circular flow of income and expenditure in a two sector economy.
Identify the real flow and money flow
(4)
9. Fixed Cost of a firm is Rs.2000. Using the following data, Calculate TVC, AVC, TC, AC Output MC 1 2000 2 1500 3 1200 4 1500 5 2000 6 2700 7 2500 Draw the Cost Curves 10. Prepare a seminar report on the different methods of measuring national income. 11. An economy always Produces on, but not inside a PPC Defund or refute. 12. Assume the marginal propensity to Consume is 8. Find tax multiplier and Govt. expenditure multiplier.
(8) (8) (8) (4)
Prove that adding these two policy multiplier brings balanced budget multiplier. 13. Show the changes in the budget line of a consumer good 2 a. When price of good x alone increases b. When price of good y alone increases good 1 (4) c. When the income of consumer changes ( Increases & Decreases) 14. Suppose a bond promises Rs. 500 at the end of two years with no intermediate return. If (3) the rate of interest is 5% per annum. What is the price of the bond. 15. The firm wishes to maximise its profit. Explain the three conditions when profit is maximised assumed that the firms profit is perfectly divisible. Differentiate between shut (5) down point and Break even point.. 16. Suppose Government raised support price of cocunut from the prevailing rate. a. Point out its effect on equillibrium price . b. Draw market equillibrium diagram. (5) c. Point the effect of support price on market supply and price of coconut. 17. The proportional income tax act as an automatic stabiliser. Do you agree? substantiate? ( 2 ) 18. The price of x was Rs. 10 per unit and the quantity demanded was 500 units. Then the price increased to Rs. 15 per unit. But the quantity demanded remain unchanged at 500 units. a. Calculate the price elasticity of demand. b. Which degree of elasticity is this. (4) c. Draw a demand curve to show the elasticity. 19. Illustrate the method of determining equillibrium under flexible exchange rate system. Also show the effect of increase in demand for imports in the foreign exchange market. ( 4 ) 20. Suppose the demand and supply curve of a firms demand function Qd=300-p and SS function is Qs = 60+0.5p (2) Find equillibrium price and equillibrium quantity. 21. Measure the level of ex ante aggregate demand when autonomous investment and consump tion expenditure is Rs. 50 crores and MPS is 0.2 and level of income is Rs. 4000 crores. (3) State whether the economy is in equillibrium or not. (4) 22. State the instruments used by RBI for the implementation of monetary policy. 23. Define the concepts of money supply. Name the four alternative measures of money supply. (3) Classify them into narrow money and broad money. 24. Some macro economic Variables are given. Fill in the blanks. a. Value added = ............................ - Intermediate Consumption b. NDPmp = NDPfc + ..................... c. NNPfc = .................... + Net Indirect Tax 25. State whether the following statements are true or false. Justify. a. For a price taking firm AR=MR=P b. A monopoly firm can determine output and price at a time.
(3)
(2)
Group Members Brijitha.K 10022, Priya. M 10022,Joshitha M 10136, Shaija Mathew 10048, Jasmine 10136, Devadasan. K 10110
