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Q.1 (A) Complete the sentences by choosing correct alternative given below. BISMILLAH 5 marks
1. Converting log of wood into a table is addition of ___________ (Place Utility, Time Utility, Form Utility , Personal Utility)
2. Supply curve has _________ slope. (Positive, Negative, Horizontal, Vertical)
3. Supply is a _________ of stock. (Part, Total, Maximum, Minimum)
4. Receiving deposits and advancing loans is a ___________ function of any commercial bank. (Primary, Secondary, Current, Total)
5. The income of government through all sources called ____________________ (Public debt, Public expenditure, Public revenue, public taxation)
(B) State whether the following statements are true or false. BISMILLAH 5 marks
(C) Choose the correct answer in each from the following four alternatives BISMILLAH 5marks
5marks
Group A Group B
6. Additional utility
Q. 2 (A) Define and explain the following concept. (Attempt any 4) BISMILLAH 8 marks
1. Land
2. Monopolistic competition
3. Cross elasticity of demand
4. Aggregate Supply
5. Autonomous Investment
6. Pure Completion
7. Credit Card
8. Open Market Operation
(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) BISMILLAH 8 marks
(B) Give reasons or explain the following in brief. (Any 4) BISMILLAH 8 marks
1. Goods with close substitute have an elastic demand explain this statements
2. Why stock and supply of perishable commodities is are equal?
3. What are the causes for the changes in the demand
4. Why are the transfer payment not included in the national income
5. Why do commercial bank have greater importance in development of a country
6. Explain the reasons for the evolution of money?
7. Why the concept of balanced budget is called as an ‘Ideal Concept’?
8. Why popularity of the macro economics increased?
Q. 4. (A) Answer the following questions in one or two paras (any 2) BISMILLAH 8 marks
Q. 5 Do you agree or disagree with the following statements. Give Reasons. (Any Two) BISMILLAH 16 marks