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Q.No.4) State with reasons whether you agree or disagree with the
following statements. (Any Three) 12
1) Macro economics is different from micro economics.
2) Price is the only determinant of demand.
3) There are many theoretical difficulties in the measurement of national income .
4) Fines and penalties are a major source of revenue for the Government.
5) During British rule, indigenous handicrafts suffered a severe blow.
Q.No.5) Study the following table,figure,passage and answer the
questions. (Any Two) 08
1) Explain the diagrams 04
A B
Y Y
D D
P a a
P2
b b
P1 D P D
0 Q Q X 0 Q Q X
1
2
30 300 DD = SS
40 200 DD < SS
50 500 DD < SS