B.Com. III (Semester
(New CBCS) Examination, 2018
busines economics (Paper III)
Day and Date Tuesday, 4-12-2018 Total Marks 70
Time 10.30 a.m. to 1.00 p.m.
Instructions All questions are compulsory.
Figures to the right indicate marks.
1. Choose the correct alternative. 14
Which of the following explains the term economic growth
Increase in per capita production Increase in per capita real income
Structural change in the economy All of the above
The concept of HDI was popularized by
Morris D Morris Adam Smith
Keynes Mahbub Ul Haq
The component/s of HDI is/are
Life expectancy index Infant mortality rate
Population growth rate All the above
Parallel economy refers to existence of
Credit money Black money
Foreign money High-powered money
Which of the following is not a component of Multidimensional Poverty Index

Health Education
Occupation Standard of living
required for development of Indian Economy.
Population growth Capital formation
Technical progress at global level All the above
unemployment may result when some workers are temporarily
out of work while changing job.
Seasonal Frictional Disguised Technical
According to W. W. Rostow, the stages of economic growth are
Two Three Four Five
Investment in leads to faster economic growth.
Share market Human capital
Money market Secondary sector
Set P
SLR-CO 49 *SLRCO49*
10) The formula to calculate economic growth from 2016 to 2017 is given by
[(GDP2017 GDP2016)/GDP2016]*100
[(GDP2017 GDP2016)*GDP2016]*100
[(GDP2017 GDP2016)/GDP2016]*100
[GDP2017 GDP2016]*100
11) is below the income that secures the bare essentials of food,
clothing and shelter.
Income inequality Absolute poverty
Sen's poverty index Purchasing-power poverty
12) The unemployment rate is the
Total unemployed persons divided by labor force
Total employment divided by population
Labor force divided by population
Unemployed divided by employed
13) Disguised unemployment refers to
When marginal revenue productivity of labor is zero
The same as seasonal unemployment of LDC
The rigid factor proportions in agriculture and industry
The capital formation and the level of technology remaining constant
14) Lewis's theory of economic development refers to
Unlimited supply of labour at subsistence wage level
Higher expected income in urban areas
Better infrastructure in urban areas
The availability of labor-intensive jobs in urban areas
2. Answer the following questions in short
Explain in brief, Rostow's stages of economic growth. 7
Discuss the causes of economic inequality in India. 7
3. Write short notes
Human Development Index. 7
Parallel Economy. 7
4. Answer any one of the following question 14
Explain the role of human resource in economic development.
OR
Define unemployment; discuss measures to increase employment
opportunities in India.
5. Answer any one of the following question 14
Describe Malthusian theory of economic development.
OR
What is meant by economics development Discuss the factors affecting
economic development.