Principles of Economics and Bangladesh Economy suggesstions, November, 2014
Posted by Ripon Abu Hasnat on Friday, May 16, 2014 | 0 comments
Banking Diploma
Examination— November, 2014
JAIBB
PRINCIPLES OF
ECONOMICS & BANGLADESH ECONOMY
[N.B. -Answer any five questions.]
1.
a) Define Economics
b) Economics is the science of wealth-Discuss
c) Economics is a science, which studies human behavior as a
relationship between ends and scare means, which have alternative uses”- L.
Robins. Explain the statements with criticism.
d) State and explain the definition of economics provided by Alfred
Marshal.
e) Compare the definitions of Economics offered by Adam Smith and
Lionel Robbins.
f) Show the relationship between:
1. Economics and Statistics
2. Economics and Political Science
3. Economics and Sociology
g) Differences between:
1. Positive Economics & Normative Economics.
2. Micro & Macro Economics.
h) Discuss the subject-matter of Economics.
2.
a) What is the Law of Demand?
b) Explain the Law of Demand with the help of a diagram.
c) What is meant by the phrase "other things remaining
the same" used in the Law?
d) Why does a demand curve usually slope downward to the
right?
e) If demand increase, both equilibrium price and quantity
increase. Again if supply rises, both equilibrium price and quantity
decline.”-Explain the statement with diagram.
f) What is the price elasticity of demand? State the formula.
g) Show how the quantity demanded of a
commodity responds to price changes when
(i) Demand is perfectly inelastic. (ii)
Demand is perfectly elastic, and when (iii) elasticity of demand is equal to
unity. Use diagrams for each of the cases.
h) Calculate the price elasticity of demand when the price
per unit of a product falls from Taka 5 to Taka 4 and the quantity bought rises
from 4 units to 5 units as a result.
3.
a) Define
monopolistic competition.
b) State the
features of monopolistic competition.
c) How does an
imperfect market affect the interest of an average consumer?
d)
How price is determined in monopolistic competition?
e)
There is no Supply curve in monopoly-Explain.
4.
a) Distinguish
between ‘balance of trade’ and ‘balances of payments’.
b) What measures
should e take to correct the balances of payment deficits?
c) Explain the
methods of calculating Gross Domestic Product?
d) What are the
problems and limitations of calculating GDP?
e) Define: GDP, GNP
and NNP
5.
a) What is
opportunity Cost?
b) What is the
implication of the opportunity cost curve being (i) convex: (ii) concave: and
(iii) a Straight line?
c) Show in a
diagram the position of ‘total cost’ ‘total fixed cost’ & ‘total variable
cost’ curves.
d) Show in a
diagram the relationship among ‘average fixed cost’ & ‘average variable
cost’ & ‘average total cost’ of a firm in a short run.
6.
a) What is
inflation?
b) What are the
causes of inflation?
c) How can we
control inflation?
d) What is money?
e) Discuss the
functions of money.
f) State and
explain the components of money supply in Bangladesh.
7.
a) What is
Government borrowing?
b) Why does
Government borrow?
c) Discuss the
domestic sources of government borrowing in Bangladesh and their likely effect
on the economy.
d) What is
deficit Budget?
e) What are the
different methods of financing in deficit Budget?
f) Mention your
arguments FOR and AGAINST deficit financing in Bangladesh.
g) What is
Foreign Direct Investment?
h) Provide
arguments for welcoming ‘Foreign Direct Investment’ in Bangladesh.
i) What’s the problem
which faces by a country for welcoming Foreign Direct Investment?
j) Discuss in
what ways Bangladesh could attract more FDI in the country.
k) How does foreign direct investment (FDI) help
accelerate a country's economic development?
8.
Write short notes on-
a) Inferior
goods;
b) Fixed Cost ad
Variable Cost
c) Returns to
scale; -
d) Returns to
scale;
e) Floating
Exchange Rate
f) Cash Reserve
Requirement (CRR);
g) Currency Depreciations;
h) Cost-Push Inflation;
i) Substitution effect of price change;
j) Gross national product
at factor cost;
k) Gresham’s Law
l) Disguised
Unemployment;
m) Terms of Trade
n) Quasi-rent;
o) Monopoly
Business;
p) Basel-ii
accord;
q) Law of Gresham;
r) Public Goods;
s) Giffen Goods;
t) Statutory
Liquidity Requirement (SLR).
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