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XI commerce Organization of commerce Syllabus for second test Chapter number 6, 7( part-1) & chapter number 1,2, &

p; 3, (part-2) Section-A [1 marks] 1. What is Barter system? 2. Define market. 3. What is Oligopoly? 4. What id Duopoly? 5. What is perfect completion? 6. What is monopoly? 7. What is legal permissible monopoly? 8. What id natural monopoly? 9. Why monopoly is not good for consumer? 10. Where monopoly is desirable? 11. What is discriminating monopoly? 12. What is monopolistic competition? 13. How equilibrium is attended? 14. Draw the figure showing equilibrium when supply is fixed and demand increase. 15. Define production in economics. 16. Which are the four factor of production? 17. Define Land in economics. 18. Why the supply of land is inelastic? 19. What is capital? 20. How the productivity of labour can be increased? 21. How work ability of labour can be improved? 22. Who is entrepreneur? 23. What is taken into account while determining the price of factor of production? 24. In which caser supply curve will be left to right upward? 25. Define marginal revenue productivity. 26. Define Marginal production value. 27. Who coined the word Macro economics? 28. Mention the Fishers equation of quantity theory of money> 29. What is bird eye view? 30. What is Aggregate demand? 31. What will be the impact ode aggregate demand on Income and employment? 32. What was Keynes view on general price level? 33. What is real cause of change in price level? 34. How factors of production are paid? 35. On which factor consumption depends? 36. On which factor the volume of profit depends? 37. How rate of interest is determined according to modern theory? 38. Define nation Income 39. What is double counting? Ashok Gaur -9898693475

40. What is real flow and money flow? 41. What is opened economy? 42. What is Net export? 43. Mention the types of expenditure? 44. What is GDP? 45. What is depreciation? What is its used? 46. What is NFIFA? What is its used? 47. What is Net Indirect Tax? What is its used? 48. What is direct tax and indirect taxes? 49. What is a subsidy? 50. What is the effect of tax and subsidies on market price? 51. What is GNP? 52. What is NNP? 53. What is real income? 54. Why NI is not calculated on fixed price? 55. What is individual income? 56. What is disposable income? 57. What is added and deducted while calculating NI with production method? 58. What is earned income and transfer payment? 59. Why expenditure on second hand goods is not included in calculating NI? 60. Why expenditure on shares and debenture is not included in calculating NI? 61. Which period is called the period of great depression and why? 62. Who is said to be unemployed? 63. What is disguised unemployment? 64. What is frictional unemployment? 65. What is propensity to consume? 66. What is propensity to save? 67. What is APC and MPC? 68. What is APS and MPS? 69. What is Invest Multiplier? 70. What is MEC? Section-B [2marks] 1. Write the Difference between perfect completion and Monopoly 2. Write the Difference between perfect completion and monopolistic competition. 3. What is vocational and geographical mobility? 4. Why entrepreneur is called captain of the industry? 5. Write the Difference between Risk and uncertainty. 6. Write the Difference between Direct and derived demand? 7. Difference between Micro and Macro economics. 8. Explain- National Income is equivalent to Nation Product 9. Difference between GNP and GDP 10. What is relation between income and employment? 11. Write the difference between open and closed economy. 12. Explain the types of investment? 13. On which factor MEC depends? Ashok Gaur -9898693475

14. What are subjective and objective factor influencing consumption expenditure and saving? 15. What is psychological law of Keynes? 16. Explain Macro economics is the a gift of great depression 17. Why Macro economics is called new economics? 18. Explain with example product differentiation. 19. Mention the components of Market. 20. Draw a chart showing classification of market. Section c [3marks] 1. Write short note on perfect competitive market. 2. Write short note on monopoly 3. Write short note monopolistic competition 4. Explain land and discuss its main characteristics? 5. Explain capital and discuss its main characteristics? 6. Explain labour and discuss its main characteristics? 7. Explain how micro economics depends on macro economics? 8. Explain how macro economics depends on micro economics? 9. Explain the circular flow of NI in opened economics. 10. Write a short note on circular flow of NI in closed economics 11. Write short note on GNP 12. Write short note on GDP. 13. Investment multiplier. 14. Explain employment multiplier. 15. Write short note on MEC. Section D [5 marks] 1. Explain the concept of demand and supply. What role do the forces of demand and supply play in the process of price determination? 2. What is the impact of changes in demand and supply on the process of price determination? Explain with diagram. 3. Explain how do demand for factor and supply of factor determine the price under perfect completion? 4. What is macro economics? Explain its nature and characteristic? Give a detail account of subject matter of macro economics. 5. Define NI. By which different methods it can be calculated? Explain briefly. 6. Which are the allied macro concepts of NI/ Give any five of their mathematical equation? 7. Explain the interrelationships between APC and MPC. 8. What kind of relationship is there between MPC and MPS? Explain their roles in determination of value of investment multiplier.

Ashok Gaur -9898693475

Ashok Gaur -9898693475

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