What is a Money Market? Explain in detail the various types of money market instruments and compare their salient features.

Discuss sourcing as a critical function of every retail business irrespective of the nature and size of the business. Substantiate.

What are the various types of option? How are option contracts priced? Explain the ‘Black Scholes’ option valuation model with the help of an example.

Explain the term retail mix and merchandise mix with suitable illustrations. Discuss the various factor affecting merchandise mix decisions.

Explain the features of ‘Foreign Exchange Market’ and discuss the economic variables that impact Exchange Rates.

Why location decisions are important in retail business? Explain the influencing factors that help in deciding a specific location. Pickup any suitable example of your choice and discuss.

Explain the role and relevance of marketing research in retailing. Elaborate on the possible areas where marketing research can be used.

What are the various business activities that a retailer undertakes in catering to the customer?

Define retailing. Discuss the scope and prospects of retail sector in the current Indian context.

Discuss Quasi-linear preferences.

What is meant by a Neutral technical progress? Compare it with a Labour-deepening technical progress.

What is an Intertemporal budget constraint?

Discuss properties of a Profit function.

Differentiate between Discrete and Continuous probability distribution.

Consider a Cobb-Douglas production function Q =K β where the amount produced (Q) is given as a function of the labor (L) and capital (K) used and A, α, β are constants. Let the value of the constants in the above production function be given by A = 1, α =  , β = Wage rate (w) and per unit capital rate (r) be Rs 4 and Rs 27, respectively. Suppose that the firm wishes to produce 1080 units of output Q. What will be the optimal amount of factors that the firm needs to employ for this? Also calculate the minimum cost of producing such an output level?

 “The issues of efficiency and equity are distinct.” Discuss this statement in the context of Welfare Economics.

State and prove the Walras' law in respect of the excess demand functions. How does the Walras' law make sure that if all markets but one are cleared, then the remaining market must also be cleared?

A consumer has the utility function over goods X and Y,

Let the price of good X be given by PX, let the price of good Y be given by PY, and let income be given by M.

(a) Derive the consumer’s Marshalian demand functions for good X and good Y.

 (b) Is good Y normal or inferior?

(c) If PX = 2, PY = 1, and M = 12, compute the utility maximizing consumption bundle of goods X and Y

Discuss different forms of attitude of an individual towards risk. Use appropriate diagrams to compare a risk averse individual with a risk-loving individual.

Consider an individual who is assumed to be living for two periods, 1 and 2, earning income of Y1, Y2 and consuming C1, C2 in those two periods respectively. Assume market rate of interest to be r, and that the individual has the opportunity to be a lender or a borrower in Figure 1 Profit, Revenue, Cost MC O Quantity ATC D = AR 50 AVC 55 15 20 30 45 48 period 1. With the help of a diagram, discuss the impact of decrease in the rate of interest (r), if an individual chose to be a lender in period 1.