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7) Inflation is the “issue of too much currency” is the words

(a) Crowther. (ந) Hawtrey- டட

(6) Keynes. (व) Friedman- parison to others, its import wi
8) If the income in a country increases more rapidly in co™

|
(a) Stable. (b) Decrease.
(c) Increase. (d) Constant. (8 x 4=4 marks)

Part B (Very Short Answer Type Questions)
Answer any five questions.
Each question carries 2 marks.
9) Explain Welfare definition of Economics.
10) Define Macro Economics.

11) Explain demand schedule.
12) What are the determinants of elasticity ?

18) Define per capita income.
14) What is bank rate ? न
15) Explain demand pull inflation ?
(5 x 2 = 10 marks)
Part C (Short Essay Type Questions)
Answer any four questions.
Each question carries 4 marks.

16) Explain balance of trade and balance of payments.
17) Define fiscal policy. What are its components ?

18) Explain monopoly.
What are the basic problems of an economy ?

19)
20) What is supply ? Explain supply schedule and curve,
21) How national income is measured ?
(4 x 4 = 16 marks)
Part D (Essay Type Questions)
Answer any one question.
The question carries 10 marks.

22) Explain perfect competition. How price and output is determineg under competiti

itive

market situation ?
What is monetary policy ? Explain the important instruments of monetary Policy in a country
untry.
(1 « 10 = 10 marks)

29)