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                                    Business Economics

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Time- 3 Hours                                                      Maximum Mark – 100

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Instructions –
  i.   All question are compulsory.
  ii. Please the instructions carefully before writing the answer.
  iii. In section A Q. No. 1 to 5 are objective type which contain fill up the Blank, True/False,
       match the column, one sentence answer and choose the correct answers. Each question is
       allotted 5 marks. 1x1 = 5x5 =25 Marks.
  iv. Internal options are given in Q. No. 6 to 20 in section B.
  v.   Q. No. 6 to 10 carry 4 marks each and answer should be given in about 75 words.
  vi. Q. No. 11 to 15 carry 5 marks each and answer should be given in about 120 words.
  vii. Q. No. 16 to 20 carry 6 marks each and answer should be given in about 150 words.

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    Fill in the blanks.
    (i)     The equlilliterium point of aggregate demand and supply is called..........
    (ii)    The income of central Govt. is collected by.............
    (iii)   Non-price competition is characteristics by...............
    (iv)    According to Recardo rent is..............determine price.
    (v)     According to Adom Smith there are..............principle of Taxation.


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    Answer the following in true or false.
    (i)     In presence of surplus demand the level of employment will be increased.
    (ii)    The service tax is imposed by State Government.
    (iii)   The transfer of value is difficult in barter system.
    (iv)    The market of sand is local market.
    (v)     The real wages is the part of money wages.




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     Make the correct pair for column 'A' choosing from column 'B'.
                     A                             -      B
     (a)     The finance bill is produced          -      Pro. Howley
     (b)     Monopolistic equilibrium              -      By finance minister
     (c)     The principle risk of profit          -      Back bone of Indian economy
     (d)     The Govt. Budget is prepared          -      MR = MC
     (e)     Agriculture                           -      With central budget
                                                   -      Prime Minister
                                                   -      Prof. Marshall


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     Write the Answer in one sentence each -
     1.    Which tax is progressive?
     2.    Which factor determined the price in very short period?

                                                                                   3
     3.    Who proposed the liquidly preference theory?
     4.    Why is fees paid?
     5.    Which state in India produce largest quantity of mustered?


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     Choose the correct alternative -
     (a)     Budget production in India -
             (i) Prime Minister                    (ii) Chief Minister
             (iii) Faineance Minister              (iv) Home Minister
     (b)     What is the adiquet length of long stapled cotton -
             (i) Up the 19 mm                      (ii) 20 mm to 24 mm
             (iii) 24.5 mm to 27 mm                (iv) 27.5 mm to 31.5 mm


                                                                                 4
     (c)    News Paper industry of Madhya Pradesh in -
            (i) Nepa Nagar                        (ii) Bhopal
            (iii) Indore                          (iv) Jabalpur
     (d)    The position of India in Jute productions -
            (i) First                             (ii) Second
            (iii) Third                           (iv) None of these.
     (e)    Income received as gift is -
            (i) Transferred Income                (ii) Accrued Income
            (iii) Un-accrued Income               (iv) None of these.


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     Write the components of Aggregate Demand.


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     Write any four measure the correct deficit demand.


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     State any four differences between classical and Keynesian theory of
     employment.


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     What is meant by data? State any three characteristics of data.




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         State any four importance of statistics.


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         What do you mean by national income? State any three characteristics of national
         income.


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         Find out gross national product at market price from the followings datas –
                        Income                        Amount In Crore
         1. Personal consumption expenses -            50,000
         2. Govt. consumption expenses          -      15,000
         3. Total fixed capital formation       -      10,000
         4. Increase in stock                   -        2,000
         5. Net forcigen balance                -     (-) 2,000

                                                                                         6
     6. Capital consumption allowance -             6,500
     7. Net indirect taxes                  -       5,000




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     What do you mean by interest? Differentiate between gross interest and net
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     What is the meaning of Public Finance, What are the main parts of Public
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     Write any six problems of Iron and Steel industry of India.


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                                          !"
                          Business Economics


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                                          26
-----




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