LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.A. DEGREE EXAMINATION – HISTORY & ENGLISH LITERATURE
THIRD SEMESTER – April 2009
PK 08
EC 3204 / 3203 - PRINCIPLES OF ECONOMICS
Date & Time: 16/04/2009 / 1:00 - 4:00
Dept. No.
PART –A
Answer any FIVE questions in about 75 words each.
Max. : 100 Marks
(5x4 =20 marks)
1. Bring out the Scarcity definition.
2. Write the meaning of Demand & Supply.
3. What do you mean by velocity of money?
4. List out the functions of commercial banks.
5. State the conditions of equilibrim of the firm under perfect competition.
6. Define Budget.
7. List out the causes for increasing public expenditure.
PART –B
Answer any Four questions in about 300 words each.
(4x10 = 40 marks)
8. Discuss the scope of Economics..
9. Explain the competitive market structure.
10.Discuss the various concepts involved in measuring National Income.
11.Analyse the functions of Central Bank.
12.Write the measures of Money Supply.
13.Explain the Role of Developmental & Non – Developmental expenditure.
14.Discuss the types of budget deficits.
PART –C
Answer any Two question in about 900 words.
(2x20 =40 marks)
15.Explain the Law of demand and bring out the causes for downward sloping demand curve.
16.Analyse the determinents of consumption, Saving and Investment.
17.Discribe Direct and Indirect Taxes and write their Merits and De merits.
18.Discuss Inflation and Deflation. Explain their causes and remedies.
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