(Section A)

1. What is meant by the following

i) Micro economics
ii) Consumer’s Equilibrium

2. Construct a marginal utility schedule and represent the in a neat, labelled diagram
3. Explain the following determinants of demand.

i) income of the individual
ii) tastes and preferences of the individual

4. Explain the three central problems of an economy
5. Draw three neat labelled diagrams to show the following

i) Perfectly inelastic demand
ii) relatively elastic demand
iii) unit elastic demand

6. Explain any three features of a Monopoly market
7. Explain any three features of perfect competition.
8. Explain the law of demand with the help of a scheduled and a neat, labelled diagram
9. Explain the law of variable proportion with the help of a scheduled and a neat, labelled diagram
10. Write with the help of a neat labelled diagrams explain the changes

i) In Equilibrium price in the following situations
i) Demand increases and supply remains the constant
ii) Demand decreases and supply remains constant
iii) Supply increases and demand remains the constant
iv) supply decreases and demand remains constant

(Section B)

11. What are the two primary functions of a commercial bank?
12. Explain any two negative externalises people residing in mining areas will face in if mining resumes in Goa.
13. Explain any two objectives of the Government Budget.
14. What is meant by the following

i) Involuntary unemployment
ii) Private Investment Expenditure

15. What is meant by the following with regard to monetary policy of the Central Bank?

i) Cash Reserve Ratio
ii) Bank Rate
iii) Open Market operations

16. Explain any three Fiscal policy measures to correct Deficient demand
17. What is a meant by the following with regard to Foreign Exchange rate?

i) Wider bands systems
ii) Crawling peg systems
iii) dirty floating Systems

18. Explain any three functions of the central bank
19. Explain any three qualitative instruments of Monetary policy of the central bank
20. Explain the circular slow of National Income(two sector model) with the help of a neat labelled diagram
21. Explain the situation of excess demand at full employment with the help of a neat labelled diagram.
22. Whit the help of a neat labelled diagram.Explain the determination of the exchange rate through demand and supply.
23. Explain the situation of deficient demand at full employment with the help of a neat labelled diagram.

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