BCom Environmental Management SEM II 2021 2022 May 2022 EME ECONOMIC ENVIRONMENT OF BUSINESS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures to right indicate full marks
2. Q1 Fill in the blanks from the multiple choices given in the bracket. 40 marks
3. Q1 The theory of demand for money was put forward by
4. Q2 is a broad concept of money supply
5. Q3 In a circular flow, firms supply ; Capital (c) Goods and services (d) None of these phases in trade cycle
   • a) One (d) Four is the income which actually available to the individuals to spend on consumption and to save is a general rise in the price level in the economy over a period of time receives income in the form of taxes
6. Q8 trade is carried on within the national boundaries of the home country 9.David Ricardo propounded the theory of
   • a) Law of Demand (b) Law of Reciprocal Demand
   • (c)Absolute theory of international trade (d) Comparative theory of international trade
7. Q10 includes imports and exports of goods and services as well as unilateral transfer of goods and
8. Q11 A balance of payment exists when the value of autonomous debit items exceeds the value of
   • (d) favorable balance disequilibrium is caused when an economy undergoes intensive changes
9. Q13 When buyers and sellers of a currency settle their transaction within 2 days of the deal, it is called In exchange rate, the exchange rate is fixed by government or Central Bank
10. Q15 “Transnational Corporations” term was designated by US to is an instrument which involves the buying and selling of government bonds and securities,
11. Q17 Taxation is source of for government number of member countries 19, is listed in multiple stock exchanges \ 20. agreement considers trade related intellectual property rules under WTO,
12. Q2 Attempt Any One 7 marks
    • a) Examine the concept of circular flow of income and expenditure in closed economy
    • b) Explain the different concepts of inflation Explain the meaning and concepts of money supply
13. Q3 Attempt Any One 7 marks
    • a) Explain the meaning and features of trade cycle
    • b) Explain IS LM model with the help of suitable diagram Highlight the important policies to control trade cycles
14. Q4 Attempt Any One 7 marks
    • a) Discuss the objectives of fiscal policy
    • b) Highlight the instruments of monetary policy
    • c) Explain the objectives of monetary policy
15. Q5 Attempt Any One 7 marks
    • a) Explain the structure of balance of Payment
    • b) Explain the various types of disequilibrium in balance of payment Explain the role of IMF and World Bank
16. Q6 Attempt Any Two 7 marks
    • a) Dimension of human development index
    • b) Keynesian
    • c) Instruments of monetary policy Objectives of IMF
    • e) Causes of BOP disequilibrium

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