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13
MICRO ECONOMICS AND INDIAN ECONOMIC PROBLEMS
Paper-1
Time . Three Hours! (Maximum Marks ; 90
Note : The candidates are required to attempt five question* in all. Each question carries 18 marks. Q. No. I ii compulsory and it includes objective type questions carrying (10 marks) and short questions carrying (8 marks). The remaining four questions arc to be attempted. selecting one question from each unit.
I.
PART-A Choose the correct one :
(i) The production possibility curve shifts upwaid due to improvement in technology. (True, false)
(ii) The book "The Theory of Monopolistic Competition" wa.s written by.........................
(Mrs. Joan Robinson. Prof. Chamberlin)
(iii> The demand of necessaries of life is.................
(Ie*s elastic, more elastic i
(iv) If a firm stops production in the short run. it will have to bear loss of...................(fixed costs, variable costs i
(v) Economics is both Science and Art. (True, false)
(vi) The main cause of poverty in India is .................of
income. (equal distribution, unequal distribution)
(vii) The National Rural Employment Guarantee' Scheme was started in ...............................<2004. 2006)
I3/13350/KD/54 (P.T.O.
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(viii)The share of institutional sources in Agricultural finance in India is ..................... (decreasing, increasing)
(ix) The small scale industries are more capital intensive than large scale industries. (True, false)
(x) The share of agriculture in India's national income is ....................................................(increasing, decreasing)
1x10=10
PAKT-B
Attempt any four of the following :
(i) What do you mean by Production function ?
(ii) What is Short period ?
(iii) Define Privatisation.
:iv) Describe any two targets of llth Five-year plan.
(v) What is more than unity income elasticity ot demand ?
2x4-8
UN1T-I
Explain the concepts of Income effect. Pricc cffcct and Substitution effect with suitable diagrams 6-r6+6=l8
How is Long run average cost curve derived ? Why is long nin average cost curve of U-shapc ? 9+9-18
UNIT-11
What do you mean by equilibrium of a firm ? Explain the determination of equilibrium of a firm in short tun and long run in perfect competition. 5+13-18
What are the main features of a Monopoly market ? Explain, how a monopolist determines price aiul output.
5*13=18 |
UNIT-111
What is Uiulordcselopcd economy ? Describe the mam
features of Indian economy as an underdeveloped
economy S+I3=18
Descubc the natuit and cxrcm of unemployment in India, l-.xpiain the mam features of National Rural Employment Guarantee Scheme of Government of India. 10+8=18
UNIT-IV
What arc Cottage and Small scale industries ? Describe the importance of these industries in Indian economy.
5+13=18
** What are the main causcs of low agricultural productivity in India Suggest measures to raise agricultural productivity 9*<)=|&
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Roll No................................................Total Pages * 5
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PAPER  Kurukshetra University 2008 B.A Micro Economics - Question Paper
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