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

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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 <Answer > 3. The stage of revival of economic activity in the business cycle is represented by <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. <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? mark ) <Answer >
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7. Net National Income is <Answer > 8. National Income is otherwise known as <Answer >
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