Money Market

X purchased a piece of land on 4 January 1978 for 50,000. The land was sold by him on 2 September 2021 for 17,00,000. The market value of the land as on 1 April 2001 was 5,11, 200. Expenses on transfer were 2% of the sales price. The capital gain for the assessment year 2022-23 is: [Cost Inflation Index for 2021-22 is 317]

Suppose the US interest rate is 3% per annum. The ₹-$ exchange rate in spot market is 80 and in 3-month forward market is 81. What is the per annum return on US bond in rupee terms?

Which of the following are correct regarding market structures:
A. Monopolistic competition is characterised by free entry/exit with each firm producing differentiated goods.
B. Oligopoly allows free entry.
C. Cartels are formed when firms explicitly collude and maximise joint profits.
D. Monopoly power arises when price > AC
E. Competitive market does not allow free entry.
Choose the correct answer from the options given below:

Consider the following for natural monopoly:
A. When the firm's average cost of producing a good continuously declines, a natural monopoly arises.
B. Under natural monopoly, economic profits are positive or greater than zero in equilibrium.
C. A market is a natural monopoly when a good is produced most economically by a single firm.
D. Natural monopoly follows marginal cost pricing at all times.
Choose the correct answer from the options given below:

Markets fail in the presence of
A. Market power
B. Positive Externalities
C. Negative Externalities
D. Competitive market
E. Asymmetric information
Choose the correct answer from the options given below:

Match List-I and List-II

LIST I		LIST II
A.	Private Goods	I.	Non-Rival in consumption and excludable
B.	Club Goods	II.	Rival in consumption and excludable
C.	Common Pool Resources	III.	Non-Rival in consumption and Non-excludable
D.	Public Goods	IV.	Rival in consumption and Non-excludable

Choose the correct answer from the options given below:

A firm in a perfectly competitive market is making zero economic profit in the long run. It will have the incentive to:

Given below are two statements:
Statement I: In the extreme case of perfect price discrimination the dead weight loss of monopoly is completely eliminated and all the surplus in the market goes to the monopolist.
Statement II: Imperfect price discrimination necessarily increases welfare compared to the outcome of a single monopoly price.
In the light of the above statements, choose the most appropriate from the options given below:

Which of the following are correct in presence of negative externalities?
A. Negative externalities lead to an inefficient allocation of resources.
B. Marginal external cost curve is added vertically to the private marginal cost curve to yield the social marginal cost curve.
C. The efficient level of output attained is more than the market equilibrium output.
D. The intersection of the marginal social cost curve with the demand curve gives the efficient level of output
Choose the correct answer from the options given below: