B.Com. LL.B. (Five Years) Sem 2 Macro Economics 2019 Jun Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) What is National Income ? Explain the methods of estimating National Income.
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2. Q1 OR Explain the circular flow in a three-sector economy.
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3. Q1 (b) Write a note on the nature and scope of Macro Economics.
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4. Q1 OR Write a note on difficulties in estimating National Income.
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UNIT - II

1. Q2 (a) Critically examine J. B. Say's Law of Markets.
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2. Q2 OR Briefly explain the determination of effective demand.
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3. Q2 (b) Write a short note on 'Wage-price flexibility'.
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4. Q2 OR Write a note on Investment function.
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UNIT - III

1. Q3 (a) Explain the different methods adopted by the central bank to control credit in the economy.
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2. Q3 OR Define index numbers. Explain the steps involved in the construction of index numbers.
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3. Q3 (b) Write a note on uses of index numbers.
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4. Q3 OR Write a note on credit creation by Commercial Banks.
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UNIT - IV

1. Q4 (a) Define public debt. Explain the sources of public borrowing and the methods of debt redemption.
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2. Q4 OR Briefly explain the various canons of taxation.
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3. Q4 (b) Write a note on items of public expenditure.
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4. Q4 OR Write a note on Revenue and Capital Budgets.
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UNIT - V

1. Q5 (a) Define inflation. Explain the causes and the various methods to control inflation.
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2. Q5 OR Examine Dr. Hayek's over-investment theory of business cycle.
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3. Q5 (b) Write a note on types of inflation.
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4. Q5 OR Write a note on climatic theory of business cycle.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.