MICRO ECONOMICS - I
ECONOMIC STATISTICS - I
PRINCIPLES AND PRACTICE OF INSURANCE

Code No.: 3432                                                                                               Sub. Code: R 3 EC 11
B.A. DEGREE EXAMINATION, NOVEMBER
First Semester
Economics - Main
Part III – English - Main
MICRO ECONOMICS - I
(For those who joined in July 2008 and onwards)
Three hours                                                                                            Maximum : 75 marks
PART A - (10 x 1 = 10 marks)
Answer ALL the questions.
Each question carries 1 mark.


Choose the correct answer.
1. An economics is defined as a body of systematised knowledge concerning
'What is' is
(a) positive economics (b) normative economics
(c) static economics (d) dynamic economics.
2. A method which is concerned with 'general to particular' is
(a) deduction method (b) inductive method
(c) static method (d) dynamic method.
3. The want satisfying power of a commodity is
(a) utility (b) demand
(c) value (d) price.
4. The table showing how much of a commodity is supplied at different prices in a market is termed as
(a) demand schedule (b) supply schedule
(c) indifference schedule (d) cost schedule.
5. A collection of indifference curves is termed as
(a) cost schedule (b) demand schedule
(c)(c) supply schedule (d) indifference map.
6. 6. At the point of equilibrium, the slope of the indifference curve and the price line is
(a) equal to one (b) greater than one
(c) less than one (d) infinite.
7. Labour is
(a) perishable (b) durable
(c) sustainable (d) separable.
8. The population that maximises the per capita income of a country is
(a) optimum population (b) over population
(c) under population (d) Standard population.
9. The 'Expansion path' generated by Cobb-Douglas production function is
(a) linear (b) non – linear
(c) parabola (d) rectangular parabola.
10. The prime costs are
(a) variable costs (b) fixed costs
(c) supplementary costs (d) opportunity costs.
PART B - (5 x 5 = 25 marks)
Answer ALL questions.
Answer in a small paragraph in about 250 words each.
Each question carries 5 marks.
11. (a) Explain briefly the wealth definition of economics.
Or
(b) Distinguish between positive and normative economics.
12 (a) Briefly explain the classification of human wastes.
Or
(b) Write a short note on 'Giffen paradox'.
13. (a) Briefly explain income elasticity of demand.
Or
(b) Bring out the properties of indifference curve analysis.
14 (a) Explain briefly the factors of production.
Or
(b) Bring out any three merits and demerits of small scale production.
15 (a) State and explain the linear homogeneous production function.
Or
(b) Distinguish between average cost and marginal cost.
PART B - (5 x 5 = 25 marks)
Answer ALL questions.
Answer in a small paragraph in about 250 words each.
Each question carries 5 marks.
16. (a) Describe the subject-matter of economics.
Or
(b) Examine the main divisions of economics.
17 (a) Examine the law of equi-marginal utility.
Or
(b) Explain the concept of consumer surplus and bring out its importance.
18 18. (a) Explain the various kinds of elasticity of demand with suitable example.
Or
(b) Explain consumer's equilibrium interms of indifference curves.
19 (a) Explain the importance of factors of production.
Or
(b) Explain the merits and demerits of large scale production.
20 (a) Briefly explain the types of production functions.
Or
(b) Explain the law of increasing returns.


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Code No.: 3433                                                                                               Sub. Code: R 3 EC 12
B.A. DEGREE EXAMINATION, NOVEMBER
First Semester
Economics - Main
ECONOMIC STATISTICS - I
(For those who joined in July 2008 and onwards)
Time: Three hours                                                                                            Maximum : 75 marks
PART A - (10 x 1 = 10 marks)
Answer ALL the questions.



Choose the correct answer.
1. Data collected from the published source is
(a) Primary (b) Secondary
(c) Both Primary and Secondary (d) None of them.
2. One of the following is not the merits of sampling.
(a) Less time (b) Less cost
(c) Require services of experts (d) Reliable results.
3. Data classified on the basis of Gender is
(a) Geographical (b) Chronological
(c) Quantitative (d) price.
4. The appropriate tool for presenting frequency distribution is
(a) Diagrams (b) Graphs
(c) Index number (d) None of them.
5. The mid value of the class interval 50 – 100 is
(a) 50 (b) 75
(c) 100 (d) 150.
6. The average used top calculate average percentage increase in population is
(a) Arithmetic mean (b) Median
(c) Harmonic mean (d) Geometric mean.
7. The empirical relationship between mean, median and mode is
(a) mode = 2 median –3 mean (b) mode = 3 median –2 mean
(c) mean = 2 median –3 mode (d) none of them.
8. The value which has repeated most frequently is
(a) mean (b) median
(c) mode (d) third quartile.
9. ____________ formula is used to calculate quartile deviation.
(a) Q3 – Q1 ( (b) Q3 – Q2
(c) Q3 – Q1/2 (d)Q3 – Q1/2
10. Karl Pearson's coefficient of skewness lies between
(a) –1 and 1 (b) –3 and 3
(c) –1 and 0 (d) 0 and 1.
PART B - (5 x 5 = 25 marks)
Answer ALL questions.
Answer in a small paragraph in about 250 words each.
11. (a) Mention the limitations of Statistics.
Or
(b) Explain any two methods of collecting primary data.
12 (a) Point out the objectives of classification.
Or
(b) Prepare a frequency distribution of the class intervals 0 – 10, 10 – 20, …
13. (a) Specify the requisites of a good average.
Or
(b) Find the value of Q1 and Q3 for the following data :
14 Distinguish between standard deviation and mean deviation.
Or
(b) Find the combined standard deviation for the data given below :
n1 = 50; n2 = 90
?1 = 6; ?1 = 10
X1 = 110; X2 = 150
15 (a) Write a note on Kurtosis.
Or
(b) How does skewness differ from dispersion?
SECTION C - (5 x 8 = 40 marks)
Answer ALL questions, choosing either (a) or (b) in
about 600 words.
16. (a) Explain the different methods of sampling.
Or
(b) Describe the essential characteristics of a good questionnaire.
17 (a) Explain the different parts of a table.
Or
(b) Explain the various methods that are used for graphical representation of frequency distribution.
18 (a) Calculate arithmetic, mean and mode from the following :
x : 0 - 10 10 - 20 20 - 30 30 - 40 40 - 50 50 - 60
f : 4 6 10 3 5 2
Or
(b) Discuss the merits and demerits of median and mode.
19 (a) Calculate the mean deviation from median for the following data :
X : 2 4 6 8 10 12 14 16
f : 2 2 4 5 3 2 1 1
Or
(b) Calculate coefficient of variation from the following data :
X : 19 31 48 53 67 90 10 62 40 80.
20 (a) Find the value of Kurtosis for the data given below :
X : 15 25 35 45 55
f : 2 5 10 2 1
Or
(b)Describe the various types of skewness.


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Code No.: 3434 Sub. Code: R 4 P 11
B.A. DEGREE EXAMINATION, NOVEMBER 2008.
First Semester
Economics - Allied
PRINCIPLES AND PRACTICE OF INSURANCE
(For those who joined in July 2008 and onwards)
Time: Three hours Maximum : 75 marks
PART A - (10 x 1 = 10 marks)
Answer ALL the questions.
Choose the correct answer :
1 In the year 1971 total number of Insurance companies Nationalised were.
(a) 100 (b) 103
(c) 107 (d) 115.
2 The I.R.D.A was set up in the year
(a) 1994 (b) 2004
(c) 2005 (d) 2008.
3 Machinery Insurance is related with.
(a) Properties Insurance (b) Fire Insurance
(c) Crop Insurance (d) Marine Insurance.
4 Under Insurance is related with
(a) Marine Insurance (b) Vehicle Insurance
(c) Fire Insurance (d) Cattle Insurance.
5 The major factor which determines Risk is
(a) Education (b) Sex
(c) Age (d) Properties.
6 Bheema Gold Plan was introduced in the year.
(a) 1996 (b) 2000
(c) 2002 (d) 2006.
7 The motor accident claims Tribunal was set up in the year.
(a) 1978 (b) 1988
(c) 1998 (d) 2008.
8 The first country which introduced vehicle Insurance is
(a) U.K. (b) U.S.A.
(c) Japan (d) India.
9 The kinds of Marine Insurance are
(a) Four (b) Six
(c) Eight (d) Ten.
9 The kinds of Marine Insurance are
(a) Four (b) Six
(c) Eight (d) Ten.
10 Declaration policy is related with
(a) Life Insurance (b) Vehicle Insurance
(c) Marine Insurance (d) Fire Insurance.
PART B - (5 x 5 = 25 marks)
Answer ALL questions, choosing either (a) or (b) in
about 250 words.
11 (a) Define : Insurance.
Or
(b) Point out the need for Life Insurance.
12 (a) Write a note on Re Insurance.
Or
(b) State the meaning of double Insurance.
13 (a) Analyse the main features of Crop Insurance.
Or
(b) What are the goals of the Fire Insurance?
14 (a) State the need for motor vehicle Insurance.
Or
(b) State the special features of personal accident policy.
15 (a) Write the main elements of marine Insurance.
Or
(b) What do you mean by notice of abandonment?
PART C - (5 x 8 = 40 marks)
Answer ALL questions, choosing either (a) or (b) in
about 600 words.
16 (a) Prepare a model form of policy proposal of life Insurance.
Or
(b) Discuss the role of L.I.C. in economic development of a Nation.
17 (a) State and explain the basic principles of Insurance.
Or
b) Analyse the organisational set up of L.I.C.
18 (a) Describe the Fundamental Principles of General Insurance.
Or
(b) Bring out the differences between Life Insurance and General Insurance.
19 (a) Explain the settlement of Insurance claims under Motor Insurance./td>
Or
(b) Analyse the procedure for Motor Insurance
20 (a) Enumerate the principles of marine Insurance.
Or
(b) Explain the kinds of Marine Insurance Policies.


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