LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.A. DEGREE EXAMINATION – HISTORY
FOURTH SEMESTER – APRIL 2006
RF 12
EC 4201 - BASIC ECONOMICS
(Also equivalent to ECO 201)
Date & Time : 29-04-2006/1.00-4.00 P.M. Dept. No.
Max. : 100 Marks
PART - A
Answer any FIVE questions in about 75 words each.
(5  4 = 20 Marks)
1. Define the concept of money and its importance.
2. What are the development banks?
3. When dose a firm make profit under monopoly?
4. Explain national income.
5. What are indirect taxes?
6. Explain the elasticity of demand.
7. How is the equilibrium determined for a firm?
PART - B
Answer any FOUR questions in about 250 words each.
(4  10 = 40 Marks)
8. How is a commodity priced under perfect competition?
9. What are the functions of commercial banks?
10. Explain the components of national income?
11. Explain the functions of money.
12. What are the consequences of inflation?
13. Discuss the quantitative credit control weapon of RBI.
14. Explain the factors influencing demand for a commodity.
PART – C
Answer any TWO questions in about 900 words each.
(2  20 = 40 Marks)
15. Explain the different elasticities of demand.
16. Discuss the functions and performance of commercial banks in India.
17. Explain the features of perfect competition and monopoly?
18. Discuss the components of cost and revenue curves.
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