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FIFTH SEMESTER U.G. DEGREE EXAMINATION, NOVEMBER 2021
(CUCBCSS—UG)
Economics
ECO 5D 01—ECONOMICS IN EVERYDAY LIFE
Time : Two Hours Maximum : 40 Marks
Answer may be written either in English or in Malayalam.
Part A

Answer all questions.
Each question carries ¥2 mark.

1) Balance of payment disequilibrium can be removed by —————— method.
(a) Devaluation (b) Inflation.
(c) Stagnation. (d) Deflation.

2) FDI means —————.
(a) Foreign Domestic Investment. (b) Foreign Direct Investment.

(c) Foreign Distributed Investment. (d) Foreign Differentiated Investment.
3) Fiscal policy is the economic policy of

(a) RBI (b) SBI.
(c) Government. (d) World Bank.
4) ———— is expected satisfaction.
(a) Wants. (b) Demand.
(c) Satisfaction. (d) Utility.
5) Single selling is the feature of
(a) Perfect competition. (b) Monopoly.
(€) Duopoly. (d) Oligopoly.
6) Percentage change in quantity divided by the percentage change in price is ——————.
(a) Substitution. (b) Utility.
(c) Elasticity. (d) Demand.
7) Scarcity definition of economics was developed by
(a) Smith. (b) Marshall.
(c) Pigou. (d) Robbins.

Turn over

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