Q. 1. Explain proportional tax and progressive tax and give reasoning in support of progressive tax.

2. Who introduced the theory of maximum social profit? Explain the theory with table & diagram.

3. Elaborate the modern theory of interest with the help of diagram.

4. Elaborate the theory of demand-supply of distribution with the help of diagram.

5. Write any five characteristics of National income of India.

6. Describe any five factors of the slow development of Indian National Income.

7. Why profit is said reward of arising uncertainties? Explain in detail.

8. Write the credit landing procedure of indigenous banks (any five)

9. Elaborate the types of money expansion. (any five)

10. “INterest is the reward of waiting”. Clarify

11. Suggest four measures for improving the status of cotton textile industry

12. Write four problems of sugar industry.

13. What are the economic assay (test) of the theory of maximum social profit? Discuss (any four)

14. Write the theory of productivity of taxation

15. State demerits of wages according to the work.

16. Write Criticisms of echordo’s theory land tax (Lagaan). (any four point)

17. Write four functions of Share and Exchange Board of India (SEBI).

18. Write four differences between short term and long term market

19. Differentiate between complete competition and incomplete competition

20. State any three reasons for regional imbalance in India.

21. What components are added into national income in the method of income calculation?

22. Clarify the law of certainty of Adam Smith

23. What is called Gross National Product?

24. State three differences between metal money and paper money.

25. What is educational unemployment?

26. Write two difference between close and open economy.

27. Write two characteristics of index

28. The following information is given related to the production of a certain country –

Items                                                     Crore Rs.

1. Consumer goods & service             9300

2. Capital goods & services                6100

3. Depreciation Expenditure              900

4. Export                                               2000

5. Import                                              1800

29. Calculate the following on the basis of above mentioned information

a. Gross Domestic product. (GDP)

b. Net Domestic Product. (NDP)

c. Gross National Product (GNP)

d. Net National Product. (NNP)

30. Make assumptions on the basis of following data –

a. GNP

b. GDP

Items                                                                Crore Rs.

1. NDP (Net Domestic Product)                   63415

2. Use of fixed capital                                       2250

3. Net foreign income aid (NFIA)                    750

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