BCom In Accounting & Finance (BCAF) SEM III 2016 2017 Sep 2017 ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures to right indicate ful] marks,
   • A) State whether the following statements are TRUE OR (Any 8)
2. Q1 The concept of national income is a monetary measure
3. Q2 There are four Phases in trade cycle
4. Q3 Demand for money for Precautionary motive is yt)! Jor
5. Q4 Liquidity preference theory of interest is determined by Keynes
6. Q5 Cost push inflation takes Place due to the increase in the cost of production
7. Q6 Monetary policy cah only be
8. Q7 Government expenditure does not include transfer payments
9. Q8 LM curve is downward sloping
10. Q9 Income tax is not a type of direct tax
11. Q10 Defence is not a part of government expenditure,
    • B) Fill in the blanks with the appropriate terms given below: (Any 7) Government receives income in the form 7
12. Q3 Ina four sector aggregate demand is
13. Q4 Fiscal Policy refers to
14. Q5 Demand for transaction and Precautionary motive is
15. Q6 Interest is a price paid for the use are losers during inflation,
16. Q8 The IS curve slopes
    • a) Downwards b) Upwards
17. Q9 Economics fluctuations consist of booms and
    • a) b) Prosperity c) Growth
18. Q10 The value of multiplier depends upon the
19. Q2 A) Discuss the circular flow of income in a three economy. 8 marks
    • B) Explain the main features of a trade cycle. 7
    • C) Examine Keynes theory of demand for money. 8
    • D) State and explain RBI’s measures of money supply in detail. 7
20. Q3 What are of monetary policy?
    • B) Discuss the characteristics of good taxation system. 7
    • C) Explain the meaning and scope of public finance. 8
    • D) Highlight the meaning and merits of direct tax in detail
21. Q4 A) Examine the theory of absolute difference in cost
    • B) Analyze the factors affecting terms of trade. Highlight the participants involved in the foreign exchange (8) 7
    • D) State and explain the advantages and disadvantages of free 7
    • A) Analyze Musgrave’s approach of maximum social advantave in detail
    • B) What are the qualitative techniques of credit 7
22. Q5 Write short notes on: (Any 3)
    • B) Transactions motive
    • C) Derivation of LM curve
    • D) Grants-in-aid and gifts
    • E) Net barter terms of trade

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