0810 Eco (CFA520) - Question Paper Economics (CFA520):...

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Question Paper Economics (CFA520): October 2008 Answer all 0 questions. Marks are indicated against each question. Total Marks : 99 1. The circular constellation of forces tending to act and react upon one another to keep a poor country in the state of poverty is known as (a) Production Possibility Frontier (b) IS Curve (c) Natural Unemployment (d) Vicious Circle of Poverty (e) LM Curve. ( 1 mark ) <Answer > 2. The unemployment that arises when there is a downturn in business activity is known as (a) Structural unemployment (b) Natural unemployment (c) Cyclical unemployment (d) Disguised unemployment (e) Seasonal unemployment. ( 1 mark ) <Answer > 3. The stage of revival of economic activity in the business cycle is represented by (a) Recession (b) Depression (c) Recovery (d) Boom (e) Trough. ( 1 mark ) <Answer > 4. Which of the following represent(s) the indirect benefit(s) of trade on development? I. Widening the extent of the market, inducing innovation and increasing productivity. II. Increasing saving and capital accumulation. III. Having an educative effect in installing new technology, skills and entrepreneurship. (a) Only (I) above (b) Only (II) above (c) Only (III) above (d) Both (I) and (II) above (e) All (I), (II) and (III) above. ( 1 mark ) <Answer > 5. Which of the following is not a determinant of exchange rate? (a) Interest rate (b) Price level (c) Growth rate (d) Fiscal deficit (e) Change in technology. ( 1 mark ) <Answer > 6. Which of the following is not true regarding use of National Income Statistics? (a) It is used as an instrument of economic planning and review (b) It is used as a means of indicating changes in the country’s standard of living (c) It is used as a means of comparing the economic performance of different countries (d) It is used to indicate changes in the economic growth of the country (e) It is used as a means of measuring the level of profit of a particular firm. ( 1 mark ) <Answer >
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7. Net National Income is (a) The difference between Gross National Income and depreciation (b) The sum of Gross National Income and depreciation (c) The sum of personal income and depreciation (d) The difference between personal income and depreciation (e) The difference between personal income and gross investment. ( 1 mark ) <Answer > 8. National Income is otherwise known as (a) GDP at factor cost (b) NDP at factor cost (c) NNP at market price (d) NNP at factor cost (e) GNP at market price. ( 1 mark ) <Answer > 9. Which of the following factors is not responsible for changes in aggregate supply? (a) Changes in the cost of production (b) Supply shock or supply disturbances (c) Technological changes (d) Change in the supply of labor (e) Change in income. (
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This note was uploaded on 07/20/2010 for the course ICFAI CFA taught by Professor Cfa during the Fall '09 term at Indian School of Business.

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0810 Eco (CFA520) - Question Paper Economics (CFA520):...

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