Explain the implication of large number of sellers in a perfectly competitive market. |
Or |
Explain why firms are mutually interdependent in an oligopoly market. |
What does the Law of variable Proportions show? State the behaviour of total product according to this law. |
Or |
Explain how changes in prices of other products influence the supply of a given product. |
Explain how do the following influence demand for a good: |
(i) Rise in income of the consumer. |
(ii) Fall in prices of the related goods. |
Market for a good is in equilibrium. There is simultaneous 'increase' both in demand and supply of the good. Explain its effect on market price. |
Or |
Market for a good is in equilibrium. There is simultaneous "decrease" both in demand and supply of the good. Explain its effect on market price. |
Calculate Gross Value Added at Factor Cost: | ||
(i) | Units of output sold (units) | 1,000 |
(ii) | Price per unit of output (Rs.) | 30 |
(iii) | Depreciation (Rs.) | 1,000 |
(iv) | Intermediate cost (Rs.) | 12,000 |
(v) | Closing stock (Rs.) | 3,000 |
(vi) | Opening stock (Rs.) | 2,000 |
(vii) | Excise (Rs.) | 2,500 |
(viii) | Sales tax (Rs.) | 3,500 |
Find national income from the following: |
Autonomous consumption =Rs 100 |
Marginal propensity to consume =0.80 |
Investment =Rs. 50 |
Distinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples. |
Or |
Explain the role of Government budget in allocation of resources. |
Giving reason explain how should the following be treated in estimating national income: |
(i) Expenditure on fertilizers by a farmer. |
(ii) Purchase a tractor by a farmer. |
Explain the components of Legal Reverse Ratio. |
Or |
Explain 'bankers' banks function of Central bank. |
Find out (a) National income: | ||
(Rs. crores) | ||
(i) | Factor income from abroadt | 15 |
(ii) | Private Final Consumption Expenditure | 600 |
(iii) | Consumption of fixed capital | 50 |
(iv) | Government Final Consumption | 200 |
(v) | Net current transfers to abroad | (-) 5 |
(vi) | Net domestic fixed capital formation | 110 |
(vii) | Net factor income to abroad | 10 |
(viii) | Net imports | (-) 20 |
(ix) | Net indirect tax | 70 |
(x) | Change in stocks | (-) 10 |
Explain the concept of excess demand? in macroeconomics. Also explain the role of open market operations in correcting it. |
Or |
Explain the concept of 'deficient demand' in macroeconomics. Also explain the role of bank Rate in correction it. |
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