1. Explain any Three of the following section in not more than 200 words:

a. Equilibrium conditions of a competitive firm in short and long run.
b. Price discrimination under monopoly
c. Product differentiation under monopolistic competition
d. Kinked Demand Model of Oligopoly

2. Discuss the quantitative and qualitative methods of credit control adopted by the central bank of a country. 60
3. "Agreat achievement ofKeynesinhisGeneralTheorywastoshowthat underemployment equilibrium was possible". Explain how Keynes prosed that equilibrium might be established at a point much below full employment 60
4. Distinguished between impact and incidence of taxation. Explain the various factors determining the incidence of a tax. 60

5. Analyse the effects of growing public expenditure in the light of changing role of the state from being a 'provider' to a 'facilitator' 60
6. Evaluate the impact of foreign capital in the development of economy. 60

7. Explain lire any three of the following terms:

a. Offer Curves
b. Floating Exchange Rates
c. Opportunity Cost
d. ComparativeAdvantage 20x3=60

8. Discuss the impact of any three of the following changes on the growth rate and growth pattern ofa developing economy: 20x3=60

a. Sectoral composition of income
b. Occupational Distribution
c. Changes in consumption, saving and investment pattern levels
d. Human development indices