Bachelor of Arts (B.A.) SEM II 2017 18 Oct 2017 ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Attempt any two of the following
   • a) Explain the circular flow of income in an open economy
   • b) Country A produces two goods Rice and Wheat. The following table gives data regarding quantities of goods produced and their prices in the years 2010 and 2011. Calculate
2. Q1 Nominal GDP at current prices for years 2010 and 2011
   • ii) Real GDP for 2011 at 2010 prices
   • c) Discuss the trend in sectoral composition of GDP in India
3. Q2 Attempt any two of the following:
   • a) Explain the Keynesian consumption function.If the consumption function is C =100+0.55Y and investment expenditure is Rs 1000 , calculate:
4. Q1 Equilibrium level of national income li) Consumption expenditure at equilibrium level of national income
   • b) ‘Investment is determined by MEC and the rate of interest’ — Discuss
   • c) Explain the working and limitations of the accelerator principle 3, Attempt any two of the following:
   • a) Explain the following concepts
5. Q1 Impact of a tax 1i)Shifting of a of a tax
   • b) What is public expenditure? Explain the revenue and capital expenditure with the help of
   • Q.P. Code: 12188
   • c) Given the following budget statement, find
6. Q2 Revenue Expenditure (net of interest 130
7. Q4 Capital Expenditure
8. Q5 Capital receipts (net of borrowing)
9. Q4 Attempt any two of the following:
   • a) Explain the structure of balance of payment in India
   • b) Explain the various types of disequilibrium in balance of payment
   • c) What is the rate of exchange? How it is determined?
10. Q5 Attempt any two of the following:
    • a) Explain the GDP at purchasing power parity
    • b) Discuss the trend and composition of capital formation in India
    • c) Explain the various types of deficit
    • d) Write a note on benefits of GST
    • Q.P. Code: 12188 0.3 weet
11. Q31 AA
    • iii) Te

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