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Understanding IKWY in Economics

This document provides a mock test for economics students appearing for their annual intermediate exam in 2018. It contains 32 multiple choice and short answer questions covering topics like production possibility curve, perfect competition, elasticity of demand, profit maximization, and circular flow. It also includes long answer questions on topics such as law of diminishing marginal utility, price determination under perfect competition, types of budgets, and exchange rate systems. The test is divided into two sections with general instructions provided.
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© © All Rights Reserved
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0% found this document useful (0 votes)
79 views3 pages

Understanding IKWY in Economics

This document provides a mock test for economics students appearing for their annual intermediate exam in 2018. It contains 32 multiple choice and short answer questions covering topics like production possibility curve, perfect competition, elasticity of demand, profit maximization, and circular flow. It also includes long answer questions on topics such as law of diminishing marginal utility, price determination under perfect competition, types of budgets, and exchange rate systems. The test is divided into two sections with general instructions provided.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

vFkZ’kkL= (Economics)

okf"kZd baVjehfM,V ijh{kk] 2018 ds ijh{kkfFkZ;ksa ds fy,


izFke ekWd VsLV
Candidates are required to give their answers in their own words as far as practicable
ijh{kkFkhZ ;FkklaHko vius 'kCnksa esa mÙkj nsaA
Time – 3 Hrs. le; & 3 ?kaVs

Figures in the margin indicate full marks.


Full Marks – 100 [Link] & 100
nkfgus vks
vksj gkf’k;s ij fn, gq, vad [Link] fufnZ"V djrs gSA

General Instructions ¼lkekU; funsZ’k½


All Questions in both Groups are Compulsory
nksuksa [[Link] ds lHkh iz’u vfuok;Z gSA
Questions Nos. Type Marks
1 to 5 and 17 to 21 Multiple choice 1 marks each
6 to 10 and 22 to 26 Short answer type I (Not more then 60 3 marks each
words)
11 to 13 and 27 to 29 Short answer type II (Not more then 70 4 marks each
words)
14 to 16 and 30 to 32 Long answer type II (Not more then 100 6 marks each
words)
Attempt all Parts of questions at one place.
iz'u ds lHkh Hkkxksa dk mÙkj ,d gh LFkku ij gksuk pkfg,A
Group-A
Multiple choice Type questions
1 fdlds vuqlkj vFkZ’kkL= ekuo dY;k.k dk foKku gS \ 1
According to whom Economics is a science of human welfare.
(a) ,ñ ek’kZy A. Marshall (b) ikWy jkchUl lse;qylu Paul Robbins Samuelson
(c) tsñ ,lñ fey J.S. Mill (d) ,Me fLeFk Adam Smith
2 ,dkf/kdkj dh fo’ks”krk gS %& Feature of monopoly is 1
(a) QeksaZ ;k foØsrkvksa dh vf/kd la[;k Long Humber of firms/Sellers
(b) QeksaZ dk Lora= izo’s k o NksMu
+ k Free entry and exit of firms
(c) ,d foØsrk rFkk vf/kd Øsrk One seller and large number
(d) buesa ls dksbZ ugha None of these
3 cktkj ewY; ik;k tkrk gS & Market price is found in 1
(a) vYidkyhu cktkj esa Short Period Market
(b) nh?kZdkyhu cktkj esa Long Period Market
(c) vfr nh?kZdkyhu cktkj esa Very long period Market
(d) buesa ls dksbZ ugha None of these
4 mRiknu Qyu D;k gS & What is a production function. 1
5 ekax dks ifjHkkf”kr dhft,A Define Demand. 1

1
y?kq mÙkjh; iz’u izdkj&I
Answer the following questions. fuEu iz’uksa ds mÙkj nsAa
6 mRiknu lEHkkouk oØ dh D;k ekU;rk,a gS \ 3
What are the assumptions of production possibility curve
7 [Link] izfr;ksfxrk dh dksbZ rhu fo’ks”krk,¡ crk,¡ A 3
Explain any therr features of ‘Perfect Competition’.
8 ek¡x dh yksp D;k gS ? What is ‘elasticity of demand’? 3
9 ykHk vf/kdre djus dh ‘kÙksZa D;k gS \ 3
What are the conditions for maximising profit ?
10 fdlh vFkZO;oLFkk dh fdUgha rhu leL;kvksa dh foospuk djsa A 3
Explain any three centrol problems of an economy.
y?kq mÙkjh; iz’u izdkj&II
11 vYidkyhu vkSj nh?kZdkyhu mRiknu Qyu esa D;k varj gS \ 4
What is the difference between short run and long run production functions ?
12 fp= dh lgk;rk ls ^ek¡x esa ladqpu^ ,oa ^ek¡x esa deh^ esa vUrj Li”V djsa A 4
With the help of Suitable diagrams explain ‘contraction of demand’ and ‘ decrease in
demand’
13 fdlh oLrq dh iwfrZ ,oa LVkWd esa D;k vUrj gS \ 4
What is the difference between supply and stock of a good ?
Long Answer Type Questions
¼nh?kZ mÙkjh; iz’u½
14 lhekar mi;ksfxrk gkzl fu;e dh vkykspukRed O;k[;k djsa \ 6
Critically examine Law of Diminishing Marginal utility ?
15 [Link]&izfr;ksfxrk ds vUrxZr dher dk fu/kkZj.k fdl izdkj gksrk gS ? 6
How price is determined under perfect competition.
16 Rkkfydk dks iwjk djsa % 6
Comptete the following table :
Units of Output : 1 2 3 4 5 6
Total Cost : 30 37 45 65 80 90
Average Cost: -- -- -- -- -- --
Marginal Cost: -- -- -- -- -- --
Group-B
[k.M & c
Multiple choice Type questions
17 fuEufyf[kr esa dkSu pØh; izokg esa ‘kkfey gS \ 1
Which of the following is included in circular flow ?
(a) miHkksx Consumption (b) fofu;ksx Investment
(c) vk; Income (d) buesa ls lHkh All of these
18 eqnzk dh iwfrZ ls gekjk vk’k; gS & By supply of money we mean . 1
(a) cSd
a esa tek jkf’k Money deposited in Bank
(b) turk ds ikl miyC/k :i;s Money available with the public
(c) Mkd?kj esa tek cpr jkf’k Deposits with Post Office saving Bank
(d) buesa ls lHkh All of these.

2
19 dhUl ds vuqlkj vFkZO;oLFkk esa vk; ,oa jkstxkj dk larqfyr Lrj fuEufyf[kr esa dgka LFkkfir gksxk\ 1
In Keynesian view point the equilibrium level of income & employment in the
economy will be established where.
(a) AD > AS (b) AS > AD (c) AD = AS (d) None of these
20 izR;{k dj D;k gS ? What is Direct-Tax ? 1
21 ctV D;k gS ? What is Budget ? 1
Short Answer Type-I questions
y?kq mÙkjh; iz’u izdkj&I
22 jktLo ?kkVs dk D;k vFkZ gSA blls D;k leL;k,a mRiUu gksrh gSA 3
What is meant by revenue deficit ? What problems arise due to this.
23 ekSfnzd uhfr ds mís’;ksa dks crkb, \ What are the objection of a monetary policy ? 3
24 Ekqnzk dh vkiwfrZ D;k gS \ What is money supply ? 3
25 fofu;ksx [Link] D;k gS \ What is investment Multiplier ? 3
26 Lkef”V vFkZ’kkL= D;k gS \ mYys[k djsAa What is Macroeconomics ? Explain. 3
Short Answer Type-II questions
y?kq mÙkjh; iz’u izdkj&II
27 ?kkVs dk ctV D;k gS \ blds xq.k ,oa nks”kksa dk mYys[k djsa \ 4
What is a deficit budget ? Describe its merit & demerits ?
28 U;quekax ,oa vfrjsd ekax dks Bhd djus ds mik;ksa esa ,d rqyukRed varj crk,a \ 4
Write comparative difference between method of correcting deficient demand and
excess demand ?
29 jk”Vªh; vk; ds ys[kkadu ds D;k mi;ksx gSa ? 4
What are the uses of accounting National Income ?
Long Answer Type Questions
¼nh?kZ mÙkjh; iz’u½
30 Lkarqfyr ctV] vf/kD; ctV rFkk ?kkVs ds ctV dh O;k[;k djsa A 6
Explain balanced budget, Smplus budget and deficit budget.
31 ,sfPNd csjkstxkjh rFkk vuSfPNd csjkstxkjh dh O;k[;k djsa A 6
Explain voluntary and involuntary unemployment.
32 Yksp’khy fofu;e nj [Link] ds xq.k rFkk nks”kksa dk [Link] djsAa 6
Describe the merits and demerits of flexible exchange rate system ?
Or/vFkok
In an economy investment increases from Rs. 1,000 crores to Rs. 1,200 crores and as a
result, its total income increased by Rs. 800 crores. Calcnlate the Manginal propersity to
consume (MPC)

,d vFkZO;oLFkk esa fofu;ksx 1]000 djksM+ #i;s ls c<+dj 1]200 djksM+ #i;s gks tkrs gS] ftlls dqy
vk; esa 800 djksM+ #i;s dh o`f}+ gksrh gS A lhekUr miHkksx izo`fr ¼MPC½ dh [Link] djsa A

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