fare ss:

Subjeet Code
219 906

INTERMEDIATE EXAMINATION - 2024

r t f s aT - 2024 40221.87
Booklet
BerialNo,

(ANNUAL|afts )
Qucst Booklet
Set Code

G ECONOMICS (ELECTIVE)

I. Com.

5 : 100 + 30 + 8= 138
8 138 Total Printed Pages : 32
Total Questions : 100 + 30 +
(gutfs : 10o)
(HH4 :3 15f4e) | Full Marks : 100|
|Time: 3 Hours 15 Minutes
Instructions for the candidates:

3-4AE TE ITanidate must enter his / her

. qieTet OMR Questton Booklet Serial No.
O Dtt tn the OMR Answer
She
to give
a 2. Candidates are required words
own
their answers in their
r as pra icable.
t h e right hand margin
Pgare
indicatefull aarks.

hesa extra time have been

read
allotted for the candidates to
the questions carefully.

Page 1 / 32
24/A/XII-5014-(37/40)
 |219|
4R & yAT ggi 5. This guestion booklet is divided into
two sections Sectlon-A and
Section-B
6. TUg 100 qtg wH 6. In SectionA, there are
100 objective type qestions, out of
which any 50 questlons are to be
answered. Dach question carries
1 mark. First 50 answers wvill be
50 3 t 1 t evaluated by the computer in case
more than 50 questions are
answered. For answering these
darken the circle with blue / black
ball pen against the correct option
on OMR Answer sheet provided to
you. Do not use whitener / iquid
blade / nail etc. on OMR-sheet,
otherwise the result will be
treated invalld.

7. gUg- Ë 30 g 3iT IT 7. In Section-B, there are 30 short

answer type questions, out of
which any 15 questions are to be
answered Each question camies
2 marks. Apart from these, there
are 8 long answer type
questions, out of which any
4 questlons are to be ansuered
Each question caries 5 marks.

8. faat vaK Fgitrs suTUT 8. Use of any electronic appiances is

strictly prohibited.

Page 2 / 32
24/A/XII-50 14-37/40)
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33 | |219
SECTION -A
arafg yA |Objective Type
Questions
50 x 1 = 50
Ouestion Nos. 1to 100 have four options, out
Answer any 50 questions. You have to mark of which only one /s correct.
OMR-Sheet. your selected option on the
50 x 1 = 50
1.

(A) (B)
(C) frufa (D)
Which of the following is a stock ?
Wealth
(B) Saving
(C) Export (D Profit
2

(A)
(B)
(C)

(D) à
Which of the following is the utility of macro-economics ?
(A) Formation of Government cconomic policy
(B) Economic growth
(C) International comparisons
All of these
24/A/XII-5014-(a7/40) Page 3 / 32
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3.

(A) (B)
(C) (D)
Which of the following is included in stock ?
(A) Quantity of moncy
Wealth
(C) Quantity of wheat in
warehousc
All of these
4

(A)
(B
(C
(D
Which services are provided by
(A) Land
families to a firm ?
(B Labour
(C
5.
Capital and enterprise ) All of these

(A)
(C)
(B)

Príority sector includes

Ta
(C)
Agriculture (B) Retail trading
Small industries
(D) All of these
(4)
(C) (B)
Which of the following is (D)
not a flow ?
(C) Capital a(B) Income
Investment D Depreciation
24/A/XIl-50 14-a7/401| Page 4/32
 | 219|

(A)
(B)
(C)
(D)
economy which are the components of Aggrcgate
n an Open
demand ?
Consumption
(B) Investment

(C) Consumption + Government expenditure

(D) Consumption + Investment + Government expenditure + Net
export

(A) TIA, HGg0, (B)

IA, HGtt, da, , TY
(C) .(D)
Which is included in National Income ?
(A) Rent, Wage, Interest
(B) Rent, Wage, Salary
(C) Rent, Profit, Interest
Rent, Wage, Salary, Interest, Profit
9.

(A) (B)
(C) (D)
Income ?
Which of the following affects National
Corporation tax
(A) Goods and services tax (B)
None of these
(C) Subsidies (D)
10.
(A) (B)
(C) (D)
24/A/XII-5014-(37/40) Page 5 / 32
 economy ?
G included in an
Which sectoris Secondary
(B)
(A) Primary B Al of these
(C Tertiary
11.
(A)
(B

(D)
happens when production is shut down ?
What
Fixed costs increase
(A)
(B) Variable costs decrease
(C) Variable costs become zero
(D) Fixed costs become zero
12

(A) (B)
(C) (D)
With the increase in output, the difference between total cost and
variable cost
(A) decreases remains constant
(C) increases (D) none of these
13.
(A
(B)
(C)
(D)
What is an opportunity cost ?
(A) The
(B)
alternative which is foregone
The lost opportunity
(C
(D
Transfer carning
All of these

|24/A/XIl-50 14-(37/40) Page6/32

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| 219|
14.
(A) (B)
(C (D)
The shape of average cost curve is
Rectangular hyperbola shaped
U-shaped (B)
(C) Line parallel to X-axis None of these
(D)
15.
(A (B)
(C) (D)
The sum of tòtal variable cost and total fixed cost gives
(A) Total cost (B) Average cost
None of these
RMarginal cost (D)
16. fo K AR MR BT?
(A) (B) yatfGIt sfarfrar
(C) (A) 3T (B) (D) quf sfarfa
In which market AR = MR?
(B) Monopolistic competition
(A) Monopoly
Both (A) and (B) (D) Perfect competition
(C)
17.
(B AR > MR
AAR = MR
AR + AC = MR
(C AR < MR (D)
In perfect competition
B AR > MR
AR MR
(A
(D AR + AC = MR
AR < MR
(C)
18.

(A)
(B)
(A)3r (B) t
(C)
(D)
Page 7 / 32
24/A/XI|-5014-(37/40)
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|2191
method of producer's cquilibrium ?
Which is a
method (B) MR and MC method
(A) TR and TC
None of these
(C) Both (A) and (B) (D)
19

(A AR MC
(B) MR = MC

(C) MC a6 MR
(D) (B) 3tr (C)
For every market situation, which condition has to be fulflled for
firm's equilibrium ?
(A) AR = MC

(B MR = MC

(C MC curve should cut MR fromn below

(D) Both (B) and (C)
20.

(A TR > TC
(B) MR> MC
(C) TR = TC
(D) (A) 3T (B) 0
Break-even point is derived when
(A) TR > TC
(B) MR> MC
(C) TR TC
21.
(D) Both (A) and (B)
(A)
(B)
(C) geva (D)
What is the main cause of all
(A)
Abundance economic problems ?
(B)
(C Scarcity Convenience
None of these
Page 8 / 32
 G
22.
(B)
(A)
(D)
(C)
in
Consumer behaviour is studiedLMacro-economics
A Micro-cconomics
None of these
Income theory (D)
(C
23. AMU
ATU (B)
(A) AQ
AQ
(D) AMU
(C
marginal utility ?
How do we calculate AMU
ATU (B) AQ
AQ 4Q
AQ (D) AMU
(C) ATU
24.
(B)
(A)
(D)
(C) concept of Law of Equimarginal
basically propounded the
Who
Utility ? Gossen
Marshall
(A) (D) Mill
Ricardo
(C)
25. (B)
(A)
(D)
(C)
measured by
Utility is Exchange of goods
(B)
Money
(A) None of these
Weight of goods
(C) Page 9 / 32
24/A/XIl-5014-37/40)
 G (B) 3rfaft 34qfira
26
(D) units of a good
(A)
from all is cal
obtained
(C) utilities Maximum utility
addition of (B)
The Additional utility
Marginal utility
(A) (D)
Total utility
(C)
27. (B)
(A
(D)
(C) negative then total utility
When marginal utility is
is maximum
(A)

a 28.
(C)
(D)
starts decreasing
increases at decreasing rate
none of these

(A)
(B)
(C) gt
(D)
Utility in economics means
(A) Want satisfying power of
/ r Pleasure commodity
(C Happiness
(D) Usefulness
29.
(A)
(C (B)
According to (D)
(A) utils Marshall, the unit of
money (B)measurement
(D) metre
of utility is

gram
 30.

(A)
(C) (D)
Marginal rate of substitution indicates
(A) Slope of Production Probability Curve
(B) Slope of Budget line
(C) Slope of Indifference curve
(D) Slope of income line
31.

(A (B)
(C) CRR # I (D)
Central bank controls credit through
(B) Open market operation
(A) Bank rate

CRR
Al of these
(C)
32.
q 1991 (B)
(A)
(D) (A) 3it (B)
(C)
associated with the reform in Banking sector?
Which is Narasimham Committee
Year 1991
(A) Both (A) and (B)
Y. V. Reddy Committee (D)
(C)
33.
(B)
(A)
(A) 3TT(B) (D)
(C) implies
According to Keynes, investment
(B) Real Investment
Financial Investment
(A) (D) None of these
Both (A) and (B) Page 11/32
(C) 24/A/XII-5014-(37/40)
 G
34. (B)
(A)
(D)
(C) fafrum aggregate demand is
main component of
The
Individual consumption (B) Public consumption
(A)
All of these
Investment
(C)
35.

(A) (B) t
(C (D)
On which of the following does Keynesian theory of employ
depend ?
(A Effective demand (B) Supply
(C) Production efficiency (D None of these
36 ufe MPC - 0-5, at qus5 (K) aT
(A)
2 (B) 1
(C) 2
If MPC = 0-5, (D)
then multiplier (K) will be
2 (B) 1
2
37. (D)

B)
Deflationary Gap shows the
(A
(D)

(C) Deficient Demand

Pull Employment measurement of
(B) Surplus Demand
38.
(D) None of these
(A)
(C)
(B)
(D)
 G
Which is included in Fiscal Policy ?
(A) Public Expenditure (B) Tax

Public Debt Allof these

(C) (D)
39.
(A)
(B)
(C)
(D)
Foreign exchange rate is determined by
(A) Demand'of foreign currency
Supply of foreign currency
(B)
Demand and supply in Foreign Exchange market
Cr
None of these
(D)
40.
(B)
(A)
(D)
(C) Balance of Payment ?
visible items of
Which one is included in
Machine (B) Cloth
(A) Allof these
Cement
"(D)
(C)
41.
(B)
(A)
(C) supply of goods is/are
Determining factor(s) of
Price of goods
(A) goods
Price of related production
(B) of
Price of factors
(C)
All of these
(D) 24/A/XI-5014-(37/40) Page 13 / 32
G
24
42

(B)
(A (D)
(C) (4) 3it (B)
rclationship is found between quantity supplied
Which type of
good and its price ?
(B) Direct
(A) Inverse
Both (A) and (B) (D) None of these
(C)
43.

(A) (B)
(C)
(D)
When the proportionate change in the supply of
goods is more than
the proportionate change in its price, the
(A) Less than unit elasticity of supply will
(B) Equal to unit
(C) Greater than unit
44 (D) Infinite
(A)
(C) (B)
e.=0 means that (D)
(A) elasticity
Perfectly elastic
of
supply is
(C Less elastic
45.
(D)
Perfectly inelastic
(A)
Unit elastic
(C)
(B) faru suef
What does (D)
(A)
(C)
monopolistic
PrNature processmarket(B)show ?
oductioofnmarket
(D)
|24|A|XIl-5014-{ Distribution
None of theseprocess
46.
(A) AR (B) MR
(C) AR 30T MR A0
(D)
What remains constant in perfect competido
(A) AR (B) MR
None of these
A. Both AR and MR D
47.
(A)
(B)
(C)
(D)
competition ?
Which of the following is not a feature of perfect
and sellers
(A) Large number of buyers
(B) Homogeneity of product
selling costs
(C) Advertisement and
knowledge of market
(D) Perfect
48.
(A) uf frtirar (B)
(D)
(C) revenue equal to marginal revenue ?
average
In which market is (B). Oligopoly
Perfect competition
Imperfect competition (D) Monopoly
(C)
49. (B)
(A) (D)
34TT (B) ¿i
(C) (A) characteristic of
a
Homogencous product is
Only perfect competition
(A) Only perfect oligopoly
(B)
(C) Both (A) and (B)
Nonc of these Page 15 |3
(D) 24/A/XII-5014-37/40)
G
MR
50. (B)
(A AR
(D)
(A) 3itt (B) Competition ?
(C) constant in perfect
remain
Which does not MR
(B)
(A AR None of these
Both (A) and (B) (D)
tfa 1 sfaa
51.
(A) (B)
(C) (D)
Who propounded the percentage or proportionate method
mcasuring clasticity of demand ?
(A) Marshall
AB) Flux
(C) Hicks (D) None of them
52.

(A)
(B)
(C)
(D)
Relatively elastic demand is shown by
(A)
(B)
(C
53. (D) None of these
(A)
(C) (B)
y-3 HAHK
When
elasticity of (D)
demand of a
demand curve becomes
(A)
(C)
Parallel to x-axis commodity is perfectly
inelastict

Sloping downward (B) Parallel to y-axis

(D)
24|A| XII-5014-(37|None
40) of these
 |219)
G
54

(A) (B
(C) (D)
Elasticity of demand for substitute goods is
(A) Zero (B) Positive
Always less than unity
(C) Negative (D)
55.
(A) (B)
(C) (D
to
Long-run production function is related
Law of Demand
(A)
(B) Law of Increasing Return
Law of Return to Scale
Elasticity of Demand
(D)
56.
(B)
(A) Í
(A)3R (B) (D)
(C) following do we find in short-run
the
Which factor(s) among
production process ?
(B) Variable factor
Fixed factor
(A) None of these
(D)
( Both (A) and (B)
57
(B)
(A) (D)
(C)
ofproduction is/are
Factor(s) (B) Labour
Land All of these
(A)
Capital Page 17 | 32
(C) 24/A/XII-5014-37/40)
 G
58. 3446I
(B)
(A (D
(C) (A) 3tt (B)
proportion is related to
Law of variable
Short-run
(A) Long-run
(C) Both (A) and (B) (D) Very long-run
59

(A
(B
(C)
(D) À
When the Average Product (AP) is
Product (MP) is maximum, then the M
(A) Equal to AP
(C) (B) Less than AP
More than AP
60. All of these
(A)
(C) (B)
Which of the (D) ferT
(A) following is not fxed cost ?
(C) Insurance
Cost of raw
premium (B)
61.
materials (D) Interest
(A) Rent of the
(C) factory
(B)
whal are the (D)
advantages of Barter
(C) SiNo meconornic
ple system
(B) syst
di24|sparA|XitiII-5014-(37/40) ern?
es D) mutual co-operatiot
More
All of these
Page18
 |219]
62.

(A)
(B)
(C) (A) 3it (B)
(D)
Which one is included in the primary function of mnoney
(A) Medium of exchange (B) Measure of valúe
(C) Both (A) and (B) (D) Store of value
63.

(A)
(B)
(C
(D)
By supply of money we mean
(A Deposited money in bank
(B) Money available with public
C Deposits with post office savings bank
(D AIl of these
64.
(A) (B)
(D)
(C) functions of money ?
static and dynamic
Who classified
Ragnar Frisch (B) Paul Einzig
(A) None of them
Marshall
(D
)
65.
(B)
(A) (D)
(C) of commercial bank ?
primary function
Which is the (B) Advancing loans
Accepting deposits All of these
Credit creation Page 19/32
(C |24/A/XIl-5014-37/40)
 G
66.

(A (B)
(C) (A) 3R (B) t (D)
Credit money increases when CRR
falls (B) rises
(A)
both (A) and (B) (D) none of these
C)
67.

(A (B)
(C) (D)
What is RBI ?
(A) Commercial Bank Central Bank
(C) Private Bank (D) None of these
68

(A)
(B)
(C)
(D)
Which is not a
(A) Bank Rate
quantitative method of credit control ?
(C) (B) Moral Suasion
Open market
69. operations (D) Change in CRR
(A)
(B)
(C)
In
farfs HeIEHIK
which form does (D)
sfaftfu
Government ? central bank mnanage public debt of t
(A)
(B) Custo dian of
Foreign
(C)
Agent Exchange
(D) Financial Advisor
Supervisor

24|A/XI -5014-(37/40) Page 20 /3