Becc 132

No.
of Printed Pages : 8 BECC-132
B. A. (GENERAL) (BAG)
Term-End Examination
December, 2020
BECC-132 : PRINCIPLES OF
MICROECONOMICS–II
Time : 3 Hours Maximum Marks : 100
Note : Answer questions from each Section as per

instructions.
Section—A
Note : Answer any two questions from this Section.
2 × 20 = 40
1. (a) State the features of an oligopolistic
market structure. What are the various
reasons that have led to emergence of this
market structure ? 15
(b) Comment with illustration on the marginal
revenue curve associated with kinked
demand curve of oligopolistic model given
by Paul M. Sweezy. 5
Lot-I P. T. O.
[2] BECC-132
2. (a) Distinguish between absolute advantage

and comparative advantage theory of
trade. 6
(b) Consider two countries I and II producing
two commodities A and B. There is only
one factor of production, that is labour
hours. The table below gives labour hours
required by each country to produce a unit
of commodities A and B :
Labour hours needed to
produce a unit of
Country Commodity A Commodity B
I 12 3
II 24 4
Based on the above information, answer
the following :
(i) Which country has an absolute
advantage in producing commodity A ?
Give reasons. 5
(ii) Which country has a comparative
advantage in producing commodity B ?
Give reasons. 5
(iii) If trade takes place between both
given countries, which country will
export commodity A ? 4
[3] BECC-132
3. What is meant by Pareto efficient allocation of

resources ? Is perfect competitive market
equilibrium Pareto efficient ? Discuss using
appropriate diagrams. 5 + 15
4. (a) Discuss the underlying characteristics of

WTO. 5
(b) What are the impacts of major agreements
of the WTO on the Indian economy ? 15
Section—B
Note : Attempt any four questions from this
Section. 4 × 12 = 48
5. Distinguish between gross profit and net profit.

Discuss the Joseph Schumpeter’s theory of
profit. 4+8
6. Do you think that the concept of quasi-rent is
an extension of Ricardian concept of rent to
other factors of production ? Give reasons. 12
7. What is the difference between perfect
competition and monopolistic competition ?
How does a monopolistic firm attain
equilibrium in short-run period ? 4+8
8. Discuss the relationship between marginal
revenue, average revenue and price elasticity of
demand in case of a monopoly. 12
P. T. O.
[4] BECC-132
9. Compare and contrast the demand for labour as

a factor of production under perfect competition
with that under imperfect competition. 12
10. What are the various causes of market failure ?
How is state intervention useful to address
these failures ? 6+6
Section—C
11. Write short notes on any three of the following :

3 × 4 = 12
(i) TRIMS
(ii) Adverse Selection
(iii) Public Good
(iv) Externalities
(v) Moral Hazard
[5] BECC-132
BECC-132
ch- ,- (lkekU;) (ch- ,- th-)

l=kkar ijh{kk
fnlEcj] 2020
ch-bZ-lh-lh--132 % O;f"V vFkZ'kkL=k ds fl¼kUrµII
le; % 3 ?k.Vs vf/dre vad % 100
uksV % izR;sd Hkkx ls funsZ'kkuqlkj iz'uksa ds mÙkj fyf[k,A
Hkkx&d
uksV % bl Hkkx ls fdUgha nks iz'uksa ds mÙkj fyf[k,A
2 × 20 = 40
1- (d) ,d vYikf/dkjh cktkj O;oLFkk dh fo'ks"krk,¡

crkb,A ,slh cktkj lajpuk ds mn; ds D;k
dkj.k jgs gSa\ 15
([k) ikWy ,e- Lohth ds vYikf/dkj esa fodqafpr
ek¡x ls tqM+k lhekUr vkxe oØ Li"V djrs gq,
ml ij fVIi.kh dhft,A 5
2- (d) O;kikj ds ije ykHk fl¼kUr vkSj rqyukRed
ykHk fl¼kUr esa Hksn dhft,A 6
P. T. O.
[6] BECC-132
([k) nks ns'kksa I ,oa II ij fopkj dhft,A ;s A rFkk

B nks oLrqvksa dk mRiknu djrs gSa vkSj budk
,dek=k mRiknd lk/u ?kaVksa esa ekfir Je gSA
fuEufyf[kr rkfydk nksuksa ns'kksa }kjk bu oLrqvksa
dh ,d&,d bdkbZ ds fy, iz;ksx fd, tk jgs
Je ?kaVs fn[kk jgh gS %
,d bdkbZ mRiknu ds fy,
vko';d Je ?kaVs
ns'k oLrq A oLrq B
I 12 3
II 24 4
mi;qZDr tkudkjh ds vk/kj ij bu iz'uksa ds

mÙkj nhft, %
(i) fdl ns'k dks oLrq A ds mRiknu esa ije
ykHk gS\ rdZ nhft,A 5
(ii) fdl ns'k esa oLrq B ds mRiknu esa
rqyukRed ykHk gS\ rdZ nhft,A 5
(iii) ;fn nksuksa ns'kksa ds chp O;kikj gksrk gS] rks
dkSu&lk ns'k oLrq A dk fu;kZr djsxk\ 4
[7] BECC-132
3- lalk/uksa ds iSjsVks n{k vkcaVu ls D;k vfHkizk; gS\

D;k iw.kZ izfr;ksxh cktkj larqyu iSjsVks n{k gksrk gS\
mi;qDr js[kkfp=kksa dk iz;ksx djrs gq, ppkZ dhft,A
5+15
4- (d) fo'o O;kikj laxBu (WTO) ds varfuZfgr

vfHky{k.kksa ij ppkZ dhft,A 5
([k) WTO dh izeq[k laf/;ksa ds Hkkjrh;
vFkZO;oLFkk ij D;k izHkko iM+s gSa\ 15
Hkkx&[k
uksV % bl Hkkx ls fdUgha pkj iz'uksa ds mÙkj fyf[k,A
4 × 12 = 48
5- ldy ykHk vkSj fuoy ykHk esa Hksn dhft,A tkslsiQ

'kqEihVj ds ykHk ds fl¼kUr ij ppkZ dhft,A 4 + 8
6- D;k vki ekurs gSa fd vkHkkl yxku dk fopkj
fjdkMksZ ds yxku fl¼kUr dk vU; mRiknd dkjdksa
rd foLrkj gS\ dkj.k crkb,A 12
7- iw.kZ izfr;ksfxrk vkSj ,dkf/dkjh izfr;ksfxrk eas Hksn
Li"V dhft,A ,d ,dkf/dkjh iQeZ vYidky esa
larqyu fdl izdkj ikrh gS\ 4+8
P. T. O.
[8] BECC-132
8- ,dkf/dkj ds lanHkZ esa lhekar vkxe] vkSlr vkxe

rFkk dher yksp ds chp laca/ksa ij ppkZ dhft,A 12
9- mRiknd dkjd ds :i eas Je dh ek¡x dh iw.kZ
izfr;ksfxrk rFkk ,dkf/dkjh izfr;ksfxrk ds lanHkks± esa
rqyuk dhft,A 12
10- cktkj dh foiQyrk ds fofo/ dkj.k D;k gSa\ bu
foiQyrkvksa ds fujkdj.k ds fy, ljdkj dk gLr{ksi
fdl izdkj mi;ksxh jgrk gS\ 6$6
Hkkx&x
11- fuEufyf[kr esa ls fdUgha rhu ij laf{kIr fVIif.k;k¡
fyf[k, %
3 × 4 = 12
(i) fVªEl (O;kikj lEcU/h fuos'k mik;)
(ii) foijhr p;u
(iii) lkoZtfud inkFkZ
(iv) ckárk,¡
(v) uSfrd }U}
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No.

of Printed Pages : 8 BECC-132

Time : 3 Hours Maximum Marks : 100

Note : Answer questions from each Section as per

2. (a) Distinguish between absolute advantage

3. What is meant by Pareto efficient allocation of

4. (a) Discuss the underlying characteristics of

5. Distinguish between gross profit and net profit.

9. Compare and contrast the demand for labour as

11. Write short notes on any three of the following :

ch- ,- (lkekU;) (ch- ,- th-)

1- (d) ,d vYikf/dkjh cktkj O;oLFkk dh fo'ks"krk,¡

([k) nks ns'kksa I ,oa II ij fopkj dhft,A ;s A rFkk

mi;qZDr tkudkjh ds vk/kj ij bu iz'uksa ds

3- lalk/uksa ds iSjsVks n{k vkcaVu ls D;k vfHkizk; gS\

4- (d) fo'o O;kikj laxBu (WTO) ds varfuZfgr

5- ldy ykHk vkSj fuoy ykHk esa Hksn dhft,A tkslsiQ

8- ,dkf/dkj ds lanHkZ esa lhekar vkxe] vkSlr vkxe

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