B.Com. (Accounting and Finance) SEM III 2016 2017 Feb 2017 ATKT ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures to right full marks
2. Q1 A) State whether the following statements are True OR False. (Any 8) 1, National Income refers to the earned income of the people 8 marks
3. Q2 There are four phases in trade cycle
4. Q3 Rich and poor people demand same amount of money for precautionary motive Inflation is a micro economic phenomenon
5. Q5 curve slopes upward to the right 6, Refinance facilities are not linked to the policy repo rate
6. Q7 There is difference between public receipts and public revenue
7. Q8 Direct taxation can help to maintain the price level at a stable level
8. Q9 Reciprocal demand does not affect terms of trade
9. Q10 Arbitrage is possible only between the two countries
   • B) Fill in the blanks (Any 7) 7
10. Q1 Ina four sector economy aggregate demand is equal to
11. Q2 The value of multiplier is directly related to
12. Q3 Transaction demand for money is explained by economists
13. Q4 Interest is a price paid for the use of
14. Q5 The good market equilibrium is shown by the curve
    • a) LM (b) IS (c) Income
15. Q6 is the merit of indirect tax,
16. Q7 According to Ricardo, international trade is beneficial under
    • a) Absolute cost (b) Comparative cost (c) Equal difference in cost
17. Q8 Income terms of trade tells us increased capacity to
18. Q9 Gain from trade depends on difference in
19. Q10 Hedgers enter forward exchange market to
    • a) Cover the risk (b) Earn profit (c)
20. Q2 A) Outline the various methods of estimating national income. 8 marks
    • B) Define ‘inflation’, Explain its causes, 7
21. Q2 C) Discuss the principle of acceleration and its limitations. 8 marks
    • D) Describe the qualitative techniques of credit control. 7
22. Q3 A) Explain the objectives of monetary policy. 8 marks
    • B) Derive IS curve, Explain its slopes and shifts. 7
23. Q3 C) Explain concept and types of public debt. 8 marks
    • D) Explain briefly the various gains from international trade. 7
24. Q4 A) Highlight the structure of balance of payments (BOP) statement, 8 marks
    • B) Discuss the causes for disequilibrium in balance of payment. 7
25. Q4 C) Explain the purchasing power parity theory of exchange rate. 8 marks
    • D) Explain advantages and d isadvantages of free float. 7
26. Q5 A) Explain demand for and supply of foreign exchange. 8 marks
    • B) Explain the different agreements of WTO with developing countries. 7
27. Q5 Write short note on (Any 3) 15 marks
28. Q2 measures of money supply
29. Q3 Public Revenue 4, Merits of indirect tax
30. Q5 Fiscal policy

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