B.Com. LL.B. (Five Years) Sem 2 Macro Economics 2021 Mar Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) What is National Income ? Explain the various concepts of National Income.
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2. Q1 OR Discuss the importance and uses of Macro Economics.
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3. Q1 (b) Write a short note on 'Paradox of Thrift'.
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4. Q1 OR Write a short note on 'Income method'.
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UNIT - II

1. Q2 (a) Explain the Say's Law of Markets.
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2. Q2 OR Explain the Keynesian Theory of Employment.
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3. Q2 (b) Write a note on 'Capital Multiplier'.
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4. Q2 OR Write a note on 'Consumption function'.
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UNIT - III

1. Q3 (a) Explain the functions of a commercial bank.
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2. Q3 OR Critically examine the cash balance version of the quantity theory of money.
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3. Q3 (b) Write a note on "Liquidity and Profitability".
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4. Q3 OR Write a short note on 'Open Market Operations'.
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UNIT - IV

1. Q4 (a) Explain the various sources of revenue of the Central Government.
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2. Q4 OR Briefly explain the principle of Maximum Social Advantage.
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3. Q4 (b) Write a note on 'Direct and Indirect Taxes'.
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4. Q4 OR Write a note on the causes for increase in public expenditure.
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UNIT - V

1. Q5 (a) Define trade cycle. Explain the different phases of trade cycle with the help of a diagram.
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2. Q5 OR Explain the effect of inflation on production, consumption and distribution.
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3. Q5 (b) Write a note on "Inflationary Gap".
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4. Q5 OR Write a note on under-consumption theory.
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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.