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Business Fundamentals & Economics
 
Objective Questions
 
 

 

 
 
 
Select the year
 
   
     
1996 - June
(1)
Answer any for of the following in brief. Give reasons.
(a) What is meant by Forfeiture of shares?
(b) What are Bought - Out Deals?
(c) How is the relationship among the partners determined in the absence of a partnership deed?
(d) What is Memorandum of Association?
(e) What are the services rendered by a stock exchange to the investors?
 
(2) What is 'Social Responsibility' of a business? Explain some of the important responsibilities of a business to consumers.  
(3) What is meant by industrial sickness. Discuss the major reasons for sickness in industrial units.  
(4) What are Public Utility Services? Explain the typical problems of Public Utility Services.  
(5) (a) What is 'Rules of Transaction Business' for meetings of a body?
(b) Distinguish between on 'Observation' and a 'Resolution' adopted in a meeting.
(c) Name three types of motions which a member may move at any time in a meeting.
 
(6) Distinguish between any four of the following:
(a) Market economy and planned economy
(b) Direct and indirect taxes
(c) Bank rate policy and open Market Operations
(d) Unemployment and underemployment
(e) Perfect competition and imperfect competition.
 
(7) (a) What is National Income? Distinguish between GDP and GNP.
(b) Briefly discuss the various methods of measuring national income of a country.
 
(8) (a) Distinguish between variable returns to a factor and variable return to scale in the context of production by a firm.
(b) Explain how would you derive the short run cost curves of a firm.
 
(9) (a) How would you distinguish between economic growth and economic development?
(b) Explain briefly the major factors that have caused inflation in course of the planned economic growth in India.
 
(10) Write short notes on any three of the following.
(a) Export import Bank (EXIM)
(b) Deficit Financing
(c) Optimum Population
(d) Significance of National Income Analysis.
 
     
     
   

 

 
     
 
 
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