TYBCOM Sem 6 Economics Question Paper April 2024 PDF with Solution
The TYBCOM Sem 6 Economics Question Paper April 2024 is an essential resource for students preparing for thier final examinations. This paper not only assesses the knowledge acquired throughout the course but also helps student identify key areas for improvement.
In this blog post, will provide a comprehensive overview of the question paper along with solutions, ensuring that students have acess to valuable study materials. By utilizing these resources, candidates can enhance thier understanding of economic concepts and improve thier performance in exams. Stay tuned as we explore further into the specifics of the question paper and offer insights into effective preparation strategies.
Q.1 A) Select the correct answer and rewrite the statement (any ten) (10 Marks)
1) ________ is the cause of international trade accordmg to David Ricardo.
a) Difference in comparative costs
b) Difference in availability of factors
c) lefcrencc in standard of living
d) Difference in Political background
2) The concept of single factoral terms of trade was introduced by _________.
a) Dorrance
b) Viner
c) Taussig
d) Keyne
3) The offer curve of a country denotes the offer of its ________ against its imports.
a) Exports
b) Imports
c) Capital
d) Donations
4) Imposition of traffis on imports may make a country’s terms of trade ________.
a) Unfavourable
b) Favourable
c) Zero
d) Neutral
5) Which of the following is the argument for free trade?
a) Self-sufficiency
b) Infant industry argument
c) Promotes specialization
d) Anti-dumping measure
6) What caused the Eurozone crisis?
a) Political reasons
b) Debt crisis
c) Investment crisis
d) Social crisis
7) _______ account of BOP records the exports and imports of goods only.
a) Capital account
b) Current account
c) Trade account
d) Errors and omissions
8) Devaluation results in __________.
a) Cheaper imports
b) Cheaper exports
c) Fall in exports
d) Rise in imports
9) Under WTO, TRIPs cover _________.
a) Foreign Investment
b) Foreign aid
c) Services
d) Patents
10) _________ operate in foreign exchange market for the purpose of making profit.
a) Hedgers
b) Central banks
c) Bidders
d) Speculators
11) Foreign exchange is demanded for _________.
a) Imports
b) Exports
c) Exports of services
d) Capital inflows
12) Flexible exchange rate system is also known as ________.
a) Fixed exchange rate system
b) Neutral’exchange rate system
c) Floating exchange rate system
d) Pegged exchange rate system
B) State whether the following statements are True or False. (any ten)
- Ricardo’s theory of international trade neglects demand conditions. (True)
- International trade will not occur in case of equal cost difference. (True)
- The concept of reciprocal demand was lntroduced by Marshall. (False)
- Tariffs are duties imposed on imports. (True)
- Quotas increase the revenue for the Government. (False)
- ASEAN is a growing hub of consumer demand. (True)
- The current account balance records all long-term transactions of the country. (False)
- Devaluation is the official Iowering of value of a currency in terms of other currency. (True)
- TRIMS ensures protection of intellectual properly rights. (False)
- Central banks and the commercial banks are the only dealers in the foreign exchange market. (False)
- Supply of foreign exchange is generated through exports. (True)
- The central banks can inflyence the foreign exchange rate. (True)
Q.2) Answer any two of the following. (15 Marks)
a) Explain the Ricardian Comparative Cost Difference Theory of International Trade.
Answer: According to
b) Explain the concepts of i) Gross Barter terms of trade ii) Net Barter Terms of Trade and iii) Income Terms of trade in detail.
c) Analyze the various gains from international trade
Q.3) Answer any two of the following. (15 Marks)
a) What is protection? Make a case for protection.
b) Explain the different types of non-tariff barriers.
c) What are the different effects of tariffs ? Explain
Q.4 Answer any two of the following. (15 Marks)
a) What is the balance of payments? Explain the causes disequilibrium in balance of payments.
b) Explain monetary and nonmonetary measures to correct disequilibrium in balance of payments.
c) Explain the important features of TRIPs under WTO.
Q.5) Answer any two of the following. (15 Marks)
a) Explain the functions and participants of foreign exchange market.
b) How is the equilibrium rate of exchange determined? Explain.
c) Explain the role of the central bank in foreign exchange rate management.
Q.6) Write short notes on any four of the following.
a) Limitations of Modern Theory of International Trade
b) Offer curves.
c) Argumgnlvs for free trade X
d) Types of Economic Integration
e) Structure of BOP
f) Absolute version of purchasing power parity Theory
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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.