LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A., B.COM., DEGREE EXAMINATION – BUSIN.ADMIN., & COMM.

FOURTH SEMESTER – APRIL 2012

EC 4207 / 4204 – GENERAL ECONOMICS

 

 

Date : 19-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

 

Part-A

 

Answer any FIVE questions in about 75 words each            :                                                                 (5X4 = 20)

 

1. Define demand and supply.
2. What are indifference curves?
3. Write a short note on relative income hypothesis.
4. What is marginal efficiency of capital?
5. What is meant by velocity of money?
6. Distinguish between main budget and supplementary budget.
7. Define Inflation.

Part-B

 

Answer any Four questions in about 250 words each:                                                               (4X10=40)

 

8. Explain the law of supply using a suitable illustration.
9. Bring out the trends of Public Expenditure.
10. Illustrate the determination of price in perfect competition.
11. Examine the role of Central Bank in India.
12. Explain the factors of production.
13. Discuss the features of monetary policy in India.
14. Explain the various methods of measuring national income.

                                                          

Part-C

 

Answer any Two questions in about 900 words each            :                                                                 (2X20=40)

 

15. Examine the Keynesian theory of employment and output.
16. Explain the different classification of money.
17. Discuss the causes of inflation. How can it be controlled?
18. Discuss the various components of the budget.

 

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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)

 

1. Define Economics in the words of Adam Smith.
2. Differentiate micro and macro economics
3. What is high powered money?
4. State the kinds of cost.
5. Write any four assumptions of consumption function.
6. What is demand schedule?
7. Define Money.

 

PART – B

 

ANSWER ANY FOUR QUESTIONS IN ABOUT 300 WORDS EACH:                   (4 X 10 = 40Mks)

 

8. Discuss the various methods of measuring National Income.
9. Explain the functions of commercial bank.
10. Explain the origin and evolution of money.
11. Elaborate the various types of demand.
12. What is budget? Bring out its various kinds.
13. Distinguish between developmental and non-developmental budget.
14. Explain the types of inflation.

 

PART – C

 

ANSWER ANY TWO QUESTIONS IN ABOUT 900 WORDS EACH:                 (2 X 20 = 40Mks)

 

15. What is demand? Explain the various types in elasticity of demand
16. Explain the credit control by central bank.

17 Elaborate the various concepts of National Income.

18. Explain the functions of money.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Sc. B.COM. DEGREE EXAMINATION – STATS & COMMERCE

THIRD SEMESTER – APRIL 2012

EC 3105/3103 – GENERAL ECONOMICS

 

 

Date : 28-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

Part – A

 

Attempt any 5 questions in 75 words each:                                                                             (5 x 4 = 20)

 

1. What is demand? What are the factors determining demand function?
2. What is iso-quant? What are the properties of it?
3. What is NNP? Differentiate NNP_MP and NNP_FC.
4. What is ‘demonstration effect’? Give an example.
5. Define ‘money’ and ‘near money’. Give examples.
6. What is inflation? What are the types of inflation?
7. What are the rules to be followed in the preparation of the budget?

Part – B

 

Attempt any 4 questions in 250 words each:                                                                         (4 x 10 = 40)

 

8. Discuss the economic problems with production possibility curve?
9. What is law of demand? Discuss movements Vs shifts of demand curve with suitable diagrams.
10. Discuss the difficulties in the measurement of National Income.
11. What is consumption function? Estimate APC and MPC from the given data and represent diagrammatically.

	2010	2011
Income (Y)	20000	30000
Consumption (C)	15000	20000

12. What are the limitations on the power of banks to create credit?
13. What are the four measures of money supply in India? Explain them.
14. Discuss the merits and demerits of direct and indirect taxes.

 

Part – C

 

Attempt any 2 questions in 1200 words each:                                                                   (2 x 20 = 40)

 

15. Discuss the traditional theory of short – run cost functions (TCs, ACs and MC) with suitable diagrams.
16. Define MEC and MEI. Discuss the determinants of investment by Keynes.  Suppose the price of machine is Rs. 2, 00,000, the expected rate of return for the next four years are as Rs. 80,000, Rs. 70,000, Rs. 60,000 and Rs. 50, 000 respectively and the rate of interest is 5 per cent.   Estimate the viability of a project from the given data through present value method.
17. Discuss the different functions of a Central Bank.
18. Discuss the developmental and non-developmental expenditures on revenue and capital account with recent projections in India.

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