To be submitted to the respective study

centres latest by 31st December, 2014.

KRISHNA KANTA HANDIQUI STATE OPEN UNIVERSITY

Suryya Kumar Bhyuan School of Social Sciences
Home Assignment
Bachelor of Arts (Economics)
Micro Economic Theory II : BEC M/P-02
3rd Semester, July 2014
Total Marks: 50
Assignments are required to be written in your own language, copying in toto from
the learning material will carry less score.

M 1 = M1 1 -
1 1 1 UU 1, 1
A.

Answer the following questions (Answer within 50 words)

(2 X 4= 8)

1 1 M1 fl [50 s1 1]
Q 1:

When is a consumer said to be rational?

M
Q 2:

What will be the amount of variable cost when the volume of production is zero,
and why?

1 1 1 , 1n
Q 3:. When a firm is said to be earning only normal profit?

1 1 1
Q 4:

Unlike a firm under perfect competition, the industrys demand curve is not
horizontal, rather, it takes the usual slope of a downard sloping demand curve.
Explain why?

1 11 1
1 , 1= 1 11 1
1
B.

Answer the following questions (Answer within 75 words)

1 1 M1 [75 s1 1]
Q 1:

What do you mean by price discrimination?

1 1

(3 X 4= 12)

Q 2:

What is monopoly power? Can it be measured, if so, how?

1 1 1 1,
Q 3:

What do you mean by duopoly form of market?

Z1 1
Q 4:

What do you mean by value judgement?

1
C.

Answer the following questions (Answer within 150 words)

(5 X 2= 10)

1 1 M1 [150 s1 1]
Q 1:

Write a short on the oligopoly form of market.

1 1
Q 2:

Write a short note on the concept of Paretian welfare.

1 1 & 1
D.

Answer the following questions (Answer within 300 words)

(10 X 2= 20)

1 1 M1 [300 s1 1]
Q 1:

How does a firm under perfect competition attain equilibrium in the long-run?

11 1 1 1
Q 2:

Discuss the concept of product differentiation and selling cost under monopolistic
competition.

1 11 1 1 1n S 1
1
*** ***** ***

N.B. The learners will have to collect receipt after submitting the assignment with the
signature and seal of the collector of study centre and will have to keep with him/her till the
declaration of result.

Receipt
Received the assignment from Mr/Ms .Enrollment
number of 1st Semester Economics: BEC M/P-02 (2014-15) on
2014.
Date:

Signature of collector with seal

To be submitted to the respective study

centres latest by 31st December, 2014.

KRISHNA KANTA HANDIQUI STATE OPEN UNIVERSITY

Suryya Kumar Bhyuan School of Social Sciences
Home Assignment
Bachelor of Arts (Economics)
Money, Banking and Financial Systems : BEC M-06
3rd Semester, July 2014
Total Marks: 50
Assignments are required to be written in your own language, copying in toto from
the learning material will carry less score.

M 1 = M1 1 -
1 1 1 UU 1, 1
A.

Answer the following questions (Answer within 50 words)

(2 X 4= 8)

1 1 M1 fl [50 s1 1]
Q 1:

What do you mean by legal tender money?

^
Q 2:

What do you mean by the precautionary motive of holding money in cash?

^ 11 1
Q 3:. Define the term demand-pull inflation.

- ^1 :
Q 4:

What is depession?

^
B.

Answer the following questions (Answer within 75 words)

1 1 M1 [75 s1 1]
Q 1:

Discuss the concept of credit multiplier.

& 1 1
Q 2:

Discuss the concept of money supply.

^1 1 1
Q 3:

Discuss the concept of primary market.

11 1 1
Q 4:

What do you mean by stagflation?

(3 X 4= 12)

C.

Answer the following questions (Answer within 150 words)

(5 X 2= 10)

1 1 M1 [150 s1 1]
Q 1:

Write a short note on credit creation by a commercial bank.

1
Q 2:

Compare between inflation and deflation. Which one according to you, causes more
adverse impact on the economy?

^ 1n ^1 1 1 1
1+
D.

Answer the following questions (Answer within 300 words)

(10 X 2= 20)

1 1 M1 [300 s1 1]
Q 1:

Discuss the role the central bank plays in a developing economy.

i f 1 1
Q 2:

Discuss the impact of inflation on the economy. Suggest any two measues to control
inflation in the economy.

6+4 = 10

^ 11 1 ^ 1 11

*** ***** ***

N.B. The learners will have to collect receipt after submitting the assignment with the
signature and seal of the collector of study centre and will have to keep with him/her till the
declaration of result.

Receipt
Received the assignment from Mr/Ms .Enrollment
number of 3rd Semester Economics: BEC M-06 (2014-15) on
2014.
Date:

Signature of collector with seal