Name of the University : Netaji Subhas Open University
Name of the Exam : BDP Term End Exam
Document Type : Sample Question Paper
Year: 2016
Subject: Economics

Website : http://www.wbnsou.ac.in/student_zone...c2015-June2016
Download Model/Sample Question Papers:
EEC - I : http://www.indianjobtalks.com/uploads/76278-EEC-I.pdf
EEC - II : http://www.indianjobtalks.com/uploads/76278-EEC-II.pdf
EEC - III : http://www.indianjobtalks.com/uploads/76278-EEC-III.pdf
EEC - IV : http://www.indianjobtalks.com/uploads/76278-EEC-IV.pdf
EEC - V : http://www.indianjobtalks.com/uploads/76278-EEC-V.pdf
EEC - VI : http://www.indianjobtalks.com/uploads/76278-EEC-VI.pdf
EEC - VII : http://www.indianjobtalks.com/uploads/76278-EEC-VII.pdf
EEC - VIII : http://www.indianjobtalks.com/upload...8-EEC-VIII.pdf

BDP Term End Economics Question Paper :
1. Answer any two questions : 20 × 2 = 40
(a) Distinguish between the budget line of a consumer and that of a firm. Distinguish between the Indifference map of the consumer and the Iso-quant map of a firm. Explain with the help of a diagram why there cannot be equilibrium of a consumer 8 + 8 + 4
(b) How does monopoly arise ? Distinguish between the Average Revenue curve of a perfectly competitive firm and that of a monopolist. Show how a monopolist can shift to another average cost curve in the long run. 4 + 6 + 10
(c) Find out the supply curve of labour with the help of the indifference curves. Draw the indifference curve between income and leisure. Criticise the marginal productivity theory of labour. 6 + 8 + 6
d) Establish the relationship between the short run and long run average cost curves. Draw the long run marginal cost curve. What are the economies of large scale production ? 10 + 6 + 4

2. Answer any three questions : 12 × 3 = 36
(a) Explain the characteristics of and exceptions ( any two ) to the indifference curves. 6 + 6
(b) Draw the demand curve with the help of the indifference curves.
(c) Explain the demand curve with sufficient reasons. Give reasons behind exceptions to the demand curves. 6 + 6
(d) Explain, with suitable diagrams, the relations between the total, average and marginal product curves.
(e) Explain the concept of 'ridge lines'. Draw the isoquant having fixed coefficient production functions. 6 + 6
(f) Distinguish between an Iso-quant and an Iso-cost line. Draw a firm's equilibrium for profit maximisation. 6 + 6

3. Answer any four questions : 6 × 4 = 24
(a) Show factor substitutability as the relative prices of factors change.
(b) Give point to point differences in elasticity on a straight line demand curve.
(c) Draw the average product curve deriving it from the total product curve.
(d) Draw Iso-quants pertaining to perfect substitutability.
(e) Draw the demand curve of a firm under perfect competition.
(f) What are the assumptions behind Ricardo's theory of rent ?
(g) Explain the concept of complete price discrimination.
(h) Draw the total fixed cost curve of a firm. Hence draw the average fixed cost curve of that firm. Explain the shapes of both of these cost curves.