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Economics - 1999 (I.S.C)
You are on
questions
-Answer Question 1 (compulsory)
from Part 1 and FOUR questions form Part II, choosing TWO questions
from Section A and TWO questions from Section B.
-All working,
including rough work, should be done on the same sheet as rest of
the answers.
-The intended marks for questions or parts of
questions are given in brackets[ ].
-The duration of the exam is
three hours.
Part-I |
Q1 Answer briefly each of the items (i) to (xx) in this
question: (20 marks)
(i) Name the
branch of economics which is primarily concerned with the study of
relationships between broad economic aggregates.
(ii) What is meant by 'value of money'?
(iii) Mention two important functions of
a commercial bank.
(iv) What is
the solution to the problem of double counting in the estimation of
national income?
(v) What is
deficit financing?
(vi) Define
'Terms of trade'.
(vii) Mention
two advantages of over-population in a country.
(viii) Name the institution which performs the
function of a clearing house in the Indian banking system.
(ix) Define disguised
unemployment.
(x) What does
TRYSEM stand for?
(xi) Mention
two important measures to control the problem of inflation.
(xii) What is unaccounted money called?
(xiii) Give two main causes of poverty in
India.
(xiv) Name the Act which
governs industrial relations in India.
(xv) Name two major
purposes for which agriculturists seek long-term credit in
India.
(xvi) Distinguish between
the money market and the capital market.
(xvii) Mention two main problems in preparing a Price Index
Number.
(xviii) Name the finance
Minister who initiated the programme of economic liberalistation in
India.
(xix) Give the most
distinguishing feature of underdevelopment of an economy.
(xx) Suggest two measures to reduce the
inequalities in the distribution of income in India. |
PART-II
SECTION-A
(ECONOMICS THEORY)
Answer
any two questions.
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Q.2(a) Discuss
the essential elements involved in the study of
macroeconomics. (10
marks)
Q.2(b) Comment
on the following statements with regard to the functioning of
commercial banks
(10 marks):
(i) Loans create
deposits.
(ii) Deposits create loans.
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Q.3 (a)
Distinguish between 'cost-push' inflation and 'demand-pull'
inflation. (10 marks)
Q.3 (b) Is
national income an indicator of economic welfare? Give reasons for
your answer.
(10 marks)
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Q.4 (a) How
does fiscal policy promote economic stability and equity? (10
marks)
Q.4 (b) What
steps will you suggest to correct adverse balance of
payments? (10 marks)
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Q5.(a) How is
rapid growth of population an obstacle in attaining a high rate of
economic growth?
(10 marks)
Q.5(b) Discuss the main functions of an
entrepreneur. (10 marks)
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SECTION-B
(INDIAN
ECONOMICS)
Answer any two questions.
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Q6.(a) Describe
the programmes undertaken by the Government of India to eradicate
poverty during the last two decades. (10 marks)
(b) Discuss the causes of unemployment in
the urban sector of the Indian economy. (10 marks)
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Q.7(a) Do you
agree with the opinion that the expansion of banking services in the
rural areas of India has not been able to displace the indigenous
money lender? Give two reasons for your answer.
(10 marks)
Q.7(b) In which specific areas has
planning in India failed? (10
marks)
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Q.8(a) Bring
out the defects in the working of the major stock exchanges in
India. (10 marks)
Q.8(b) How
does the Reserve Bank of India control the expansion of credit in
the country? (10
marks)
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Q9. Write short notes on any two of
the following:(20 marks)
(a) Causes of Industrial disputes in
India.
(b) Elements of Economic Liberalisation Policy in
India.
(c) Functions
of the International Monetary Fund (IMF).
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