What is a Central Bank? Discuss its functions. What makes a Central Bank different from Commercial Bank?

Explain the concept of 'unit banking'. What are the merits and demerits of unit banking system? Suggest measures to overcome the demerits of unit banking system.

Why is money demanded? How is the Keynesian approach different from the classical approach in this regard?

Objectives of classification

Sampling errors

Negative skewness

Median

Calculate the arithmetic mean for the following data by using the two methods of Arithmetic mean for Discrete Series:

A motorist travelled for three days at the rate of 480 km. a day. On the first day he travelled for 10 hours at a speed of 48 km per hour, on the second day he travelled for 12 hours at a speed of 40 km. per hour and on the third day for 15 hours at a speed of 32 km. per hour. What was his average speed?

Describe the problems that are usually confronted by the investigator when he decides to collect primary data. Explain various methods of collecting primary data and also narrate their merits and demerits.

What is sampling? Explain various methods of sampling? Why sample survey is preferred compared to census survey? Explain.

What is coefficient of variation? What is its role as a measure of variation?

a) Calculate the standard deviation and variance from the following data:

Price elasticity and Income elasticity of demand

Discriminating Monopoly

Marginal productivity theory of Distribution

Opportunity cost

What are the various sources of profits? Do you think that all profits can be explained in terms of the monopoly power exercised by the producer?

Explain the concept of profit. "Profit is a reward for uncertainty bearing". Explain.

Define the concept of Marginal cost. What is the relation between average cost and marginal cost? Explain the factors responsible for Long run Average cost curve being U shaped.