Answer ALL Questions (II and III Unit)
PART A – (5 x 2 = 10 Marks)
1.      What is perfect competition?
2.      What is imperfect competition?
3.      What is Oligopoly?
4.      What is factor Market?
5.      What is circular flow of Income?

Answer ALL Questions
PART B – (13+ 13+ 14= 40Marks)
6.      What is Market structure? List various types of market and explain any two.(13 Marks)
7.      Briefly discuss demand and supply of factor market.(13 Marks)

8.      Explain circular flow of income on macro economic activity with three sector modal (14 Marks)