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West Bengal Higher Secondary Exam 2016 Economics Question?

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asked Mar 15 in Education & Reference by Tomcoxcom (670 points)
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edited Mar 16 by Tomcoxcom
Political Science - New Syllabus - West Bengal Higher Secondary Exam 2016 (Long Questions)

1. Answer the following questions (Alternatives are to be noted) :

A) Explain the law of returns to scale in production?
Give an account of the law of variable proportions in the short run.

B) What are the main characteristics of a perfectly competitive market?
Show how the short-run supply curve of a perfectly competitive firm can be derived from its marginal cost curve.

C) Discuss the assumption of marginal productivity theory of distribution.
Explain how the rate of interest is determined by liquidity preference.

D) Explain how national income is obtained as the sum total of incomes of the factors of production.
Discuss the difficulties of measurement of national income of a country.

E) Discuss the functions of commercial banks.

F) Show the difference between Current account and Capital account in the balance of payments.

G)  Find the standard deviations of the numbers 20,19,20,19,19, 20.

H) Briefly discuss the features of different types of unemployment in India.
What are the causes of persistence of poverty in India?

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