TYBCOM Sem 6 Economics Question Paper April 2023
Time 3hrs
Marks 100
- All questions are compulsory
- Figures to the right indicate full marks
Q1 A. Choose the correct answer and rewrite the statement (Any Ten). (10)
1) International trade will not take place under____ cost difference.
a) comparative
b) absolute
c) equal
d) average
2) If — USA < PL India, India is ______ country.
a) Labour scare
b) Capital abundant
c) Labour abundant
d) Labour neutral
3) Reciprocal demand is expressed in terms of_____
a) Cost curves
b) Supply curves
c) Offer curves
d) Lorenz curve
4) The main objective of trade barriers is ———-.
a) To increase employment
b) To reduce unnecessary imports.
c) To increase exports
d) To increase imports
5) Imposition of tariff, raises domestic prices causing fall in consumption of domestic goods is ______effect of tariffs.
a) Productive effect
b) Revenue effect
c) Protective effect
d) Transfer effect
6) Brexit is the name given to the departure of_____ from the European Union.
a) Belgium
b) Britain
c) Poland
d) Bulgaria
7) Current account balance records all the receipts and payments for______
a) Only visible items
b) Only invisible items
c) Both visible and invisible items
d) Loans taken
8) Devaluation is ______ adjustment in value of the currency of the country
a) Downward
b) Upward
c) Vertical
d) Neutral
9) WTO replaced _____ in 1995.
a) TRIPS
b) TRIMs
c) GATT
d) GATs
10) As per Purchasing Power Parity theory exchange rate is determined by Comparing_
a) Prices
b) Import
c) Purchasing power
d) Export
11) Spot exchange rate is___________
a) Managed exchange rate
b) Fixed exchange rate
c) Floating exchange ratel
d) Current exchange rate
12) Hedging function is about covering risk through _____________.
a) Specutation
b) Forward exchange
c) Static exchange
d) Backward exchange
Q.1. B) State whether the following statements are TRUE or FALSE (Any 10). (10)
- According to modern theory there is no need for a separate theory of international trade.
- Jacob Viner developed the concept of Income terms of trade .
- Equilibrium terms of trade are determined through offer curves
- Free trade leads to an increase in cost and inefficiency.
- Specific duties are imposed on a fixed percentage of the value of imported goods.
- India is a dialog partner of ASEAN.
- Medium-term loans of a country are denoted in the Current account of BOP.
- Exchange control is restricting the use of foreign currency.
- TRIPS agreement covers intellectual property in case of geographical Identities.
- Countries in the world are following a fixed exchange rate system.
- Speculation is opposite to hedging.
- The aim of RBI’s intervention in the foreign exchange market is to reduce excess volatility.
Refer for TYBCOM Sem 6 Economics Question Paper Solutions – Click Here
Q.2) Answer any two of the following. (15)
- Explain Ricardian Comparative Cost Difference Theory of International Trade,
- Discuss different concepts of Terms of Trade.
- Describe various types of gains from trade.
Q. 3 Answer any two of the following. (15)
- Discuss the arguments favour of and against free trade policy.
- Describe different type of tariffs.
- Explain the objectives and achievements of the European Union.
Q. 4 Answer any two of the following. (15)
- Explain the concept and_structure of balance of payments:
- Analyze different measures to correct disequilibrium in balance of payments:
- ‘Briefly explain the WTO’s TRIPs and TRIMS agreements.
Q. 5. Answer any two of the following. (15)
- Explain how the equilibrium rate of exchange is determined.
- Discuss the-purchasing power parity theory of exchange rate determination.
- Explain the role of central bank in foreign exchange management.
Q:6 Write short notes on any four of the following (20)
- Offer Curves
- Types of Economic integration
- Effects of Tariffs
- Functions of foreign exchange market
- Spot and Forward exchange rate
- Types of disequilibrium in balance of payment.
TYBCOM Sem 6 Economics Question Paper April 2023 pdf
TYBCOM Sem 6 Question Paper April 2023
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Tips to score good marks in TYBCOM Exam
- Don’t wait until the last minute to start studying: begin early. You’ll have more time to learn the topic and solve questions, the earlier you start.
- Remain arranged: Plan a study schedule and stick to it. Take time to rest and refresh during breaks.
- Regularly review your notes: Regularly reviewing back your notes will help you keep the content in your memory.
- Practice, practice, practice: By working through sample problems and completing sample tests, you can identify your areas of weakness and become familiar with the exam’s format.
- Ask for assistance if you need it: If you’re having trouble with the subject, don’t be shy to ask for assistance. You can seek advice from your teacher, a classmate, or a tutor.
- Get a good night’s sleep: The night before the exam, be sure to get lots of rest. A mind that has got enough sleep is better prepared to memorize and recall information.
- Arrive early on exam day: Arrive early on the day of the exam to give yourself time to settle your worries and mentally prepare.
- Stay focused during the exam: Avoid being distracted during the exam by remaining focused. Take a deep breath and return your attention to the activity at hand if you realize that your mind is roaming.
- Don’t waste too much time on any one question: keep an eye on the time. If you start to struggle, leave it and return to it later.
- Review your exam after you’re done: After you’re finished, review your paper for a while. By doing this, you’ll be able to correct any mistakes you may have made and provide any answers you’re not sure about.
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