LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.COM. DEGREE EXAMINATION – COMMERCE
SECOND SEMESTER – APRIL 2012
EC 2105 – GENERAL ECONOMICS
Date : 23-04-2012 Dept. No. Max. : 100 Marks
Time : 9:00 – 12:00
PART – A
ANSWER ANY FIVE QUESTIONS IN ABOUT 75 WORDS EACH: (5 X 4 = 20Mks)
- Define Economics in the words of Adam Smith.
- Differentiate micro and macro economics
- What is high powered money?
- State the kinds of cost.
- Write any four assumptions of consumption function.
- What is demand schedule?
- Define Money.
PART – B
ANSWER ANY FOUR QUESTIONS IN ABOUT 300 WORDS EACH: (4 X 10 = 40Mks)
- Discuss the various methods of measuring National Income.
- Explain the functions of commercial bank.
- Explain the origin and evolution of money.
- Elaborate the various types of demand.
- What is budget? Bring out its various kinds.
- Distinguish between developmental and non-developmental budget.
- Explain the types of inflation.
PART – C
ANSWER ANY TWO QUESTIONS IN ABOUT 900 WORDS EACH: (2 X 20 = 40Mks)
- What is demand? Explain the various types in elasticity of demand
- Explain the credit control by central bank.
17 Elaborate the various concepts of National Income.
- Explain the functions of money.
Latest Govt Job & Exam Updates: