B.Com. LL.B. (Five Years) Sem 2 Macro Economics 2023 Mar Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) What is National Income ? Explain the problems in calculating 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 the importance and uses of Macro Economics.
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UNIT - II

1. Q2 (a) Explain Keynesian theory of Income.
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2. Q2 OR Critically examine J. B. Say's law of markets.
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3. Q2 (b) Write a short note on factors affecting consumption.
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4. Q2 OR Write a short note on comparison between J. B. Say's law of market and Keynesian theory of income.
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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 Explain the importance of Commercial Banks in Indian economy.
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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 significance of Central Bank.
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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 Explain the effects of taxation on production, consumption and distribution.
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3. Q4 (b) Write a note on Revenue and Capital budgets.
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4. Q4 OR Write a note on items of public expenditure.
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UNIT - V

1. Q5 (a) Define inflation. Explain the effects of inflation on production, consumption and distribution.
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2. Q5 OR Explain the methods to control inflation.
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3. Q5 (b) Write a note on phases of trade cycles.
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4. Q5 OR Write a short note on Inflationary gap.
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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.