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OMTEX CLASSES
THREE
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TIME: - 3 HOURS %# PRELIMINARY EXAMINATION BIS MILLAH
MARKS: - 100
3.00PM TO 6.00PM
Avo|d 6ance|at|on, 0|agram |s Necessary, Try to attend a|| quest|ons, BIS MILLAH

".1 (A) Complete the sentences by choosing correct alternative given below. BIS MILLAH
5 marks

1. Converting log oI wood into a table is addition oI (Place Utility, Time Utility, Form Utility , Personal Utility)
2. Supply curve has slope. (Positive, Negative, Horizontal, Vertical)
3. Supply is a oI stock. (Part, Total, Maximum, Minimum)
4. Receiving deposits and advancing loans is a Iunction oI any commercial bank. (Primary, Secondary, Current,
Total)
5. The income oI government through all sources called (Public debt, Public expenditure, Public
revenue, public taxation)

(B) State whether the following statements are true or false. BIS MILLAH
5 marks

1. ReIrigerator in restaurant is capital goods.
2. Government budget gives us the complete Iinancial inIormation oI the country
3. Reservation price oI perishable goods is generally high
4. Price is the only Iactor that determines demand Ior a commodity.
5. Free entry is an essential but not a suIIicient condition oI perIect competition.

(C) Choose the correct answer in each from the following four alternativesBIS MILLAH 5marks

1. in case oI perIectly elastic demand, the demand curve is
O Parallel to Y axis
O Parallel to X axis
O Downward sloping
O Upward Sloping

2. Central Bank is
O Bankers bank
O Provides lockers Iacility
O Commercial bank
O Provides OverdraIts Iacility

3. During depression, the Central Bank adopts the
O near money policy
O dear money policy
O Cheap money policy.
O No money policy

4 National Income data is not completely reliable
O Due to statistical and conceptual diIIiculties
O Due to illiteracy in the country
O N.I data is too large.
O It takes a long time in its calculation

5. Monopoly oI Note-issue oI the Central Bank is its:
Traditional Iunction
Development Function
Modern Function
Secondary Iunction

(D) Match the two columns given below: BIS MILLAH
5marks

Group A Group B
1. Micro economics
2. Electricity
3. Surplus budget
4. Marginal utility
5. Moral Suasion
1. Composite Demand
2. Revenue more than expenditure
3. Selective method oI credit control
4. Study oI one millionth part oI the country
5. Joint demand
6. Additional utility


". 2 (A) Define and explain the following concept. (Attempt any 4) BIS MILLAH
8 marks

1. Land
2. Monopolistic competition
3. Cross elasticity oI demand
4. Aggregate Supply
5. Autonomous Investment
6. Pure Completion
7. Credit Card
8. Open Market Operation

(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) BISMILLAH
8 marks

1. The concept oI price-elasticity is oI great practical importance
2. Selling cost is an important component in PerIect competition.
3. Macroeconomics helps in understanding economic problem oI a State.
4. At the point oI satiety, marginal utility is zero.
5. Price and supply has inverse relationship.
6. Microeconomics helps to understanding oI economic problem o a nation.
7. Investment in demand is the sole determinants oI aggregate demand.
8. Whenever income increases, saving also increases.

". 3 (A) Distinguish between (Any Four) of the following BIS MILLAH
8 marks

1. APC V/S MPC
2. Expansion in demand V/S Contraction in Demand
3. Revenue receipt V/S capital Receipt
4. Utility V/S UseIulness
5. PerIect competition V/S Pure Competition
6. Government income V/S Government Expenditure
7. Elastic Demand V/S Inelastic Demand
8. Income Elasticity oI demand V/S Cross Elasticity oI demand

(B) Give reasons or explain the following in brief. (Any 4) BIS MILLAH
8 marks

1. Goods with close substitute have an elastic demand explain this statements
2. Why stock and supply oI perishable commodities is are equal?
3. What are the causes Ior the changes in the demand
4. Why are the transIer payment not included in the national income
5. Why do commercial bank have greater importance in development oI a country
6. Explain the reasons Ior the evolution oI money?
7. Why the concept oI balanced budget is called as an Ideal Concept`?
8. Why popularity oI the macro economics increased?

". 4. (A) Answer the following questions in one or two paras (any 2) BIS MILLAH
8 marks

1. Explain the Iunctions oI the Entrepreneur.
2. Saving Function?
3. Describe the Primary Function OI Money?
4. Kinds oI Demand?
8 marks
(B) Write Short notes on the following: (any two) BIS MILLAH

1. What are the Iactors determining demand
2. Exception to the Law oI Supply
3. Consumption Function
4. Types oI Price Elasticity oI Demand

". 5 Do you agree or disagree with the following statements. Give Reasons. (Any Two) BIS MILLAH
16 marks

1. State and explain the Law oI Equi-Marginal Utility
2. Central bank is the lender oI the last resort
3. Accepting Deposit is the only primary Iunction oI commercial bank

". 6 Answer the following (any two) BIS MILLAH
16 marks

1. DeIine and Explain the Functions oI Commercial Bank?
2. What is perIect competition? Describe equilibrium price under perIect competition?
3. Explain the law oI Supply? And it Assumption?
Posted 21st January by OMTEX CLASSES