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JAIBB Principle of Economics question November 2018

Prominent Banker | 1:55 PM | 0 Comments




Kha Set
THE INSTITUTE OF BANKERS BANGLADESH (IBB)
Banking Diploma Examination, November-December, 2018
Principle of Economics and Bangladesh Economy (PBE)
JAIBB
Time—3 hours
Full marks --100
Pass marks --50

1.(a) Economics is the study of mankind in the ordinary business of life.” Discuss the statement.
(b) State the relationship of economics with statistics and political science.

2 (a) Explain the main features of the markets under monopoly and oligopoly.
(b) There is no supply curve in monopoly.- Explain.

3. (a) State why a demand curve generally slopes downward to the right.
(b) What are the exceptions to the law of demand’?

4. (a) What is meant by the price elasticity of demand and what are its determinants’?
(b) Identify the price elasticity of demand for each of the following commodities. state reasons for your answer : salt. cigarette, life - saving drugs. rice and television.

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About author:
Author is a banker and blogger. He writes on Banking diploma and professional certifications for bankers such as CDCS, CAMS etc. Now serve in a large private bank of Bangladesh.

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