BCom In Accounting & Finance (BCAF) SEM III ATKT ECONOMICS II Question Paper - Mumbai University | munotes

Questions asked in this paper

• 2. Figures to the right indicate full marks

1. Q3 Draw neat and clear figures wherever applicable Answer any two: 15 marks
   • (a) Explain the concept of circular flow of income and expenditure in a two
   • (b) Discuss the various concepts of national income
   • (c) the leakages in working of multiplier
2. Q2 Answer any two 15 marks
   • (a) Discuss the Cambridge Cash Balance Approach
   • (b) Explain the effects of inflation
   • (c) Explain the instruments of monetary policy
3. Q3 Answer any two 15 marks
   • (a) Discuss the objectives of fiscal policy
   • (b) Explain the significance of public expenditure
   • (c) Explain the burden of internal debt
4. Q4 Answer any two 15 marks
   • (a) Explain Ricardian theory of comparative cost
   • (b) Discuss the arguments for protection
   • (c) Explain the advantages of fixed exchange rate the following concepts. (any four) (2X
   • (v) Tariff (vi) Balance of payments
5. Q5 B Multiple Choice Question (any seven) (1 X 7 =7) 1 Macro economics is derived from the Greek word 2 Cyclical fluctuations are in nature
   • a) Recurrent b) Rare c) Long term d) Short term 3 Transactions demand for money is explained by 4 During recession, RBI will CRR
   • a) Decrease b)Increase c)Remainsame None of the above 5 FRBM Act was passed in which year 6 Debt mobilised from external sources is called debt 7 Public expenditure refers to the expenditure
   • a) Private b) Government
   • c) Both A and B d) None of the above 8 Theory of Comparative Cost was formulated by 9 Devaluation results in
   • c) Increase in domestic prices d) Fall in exports 10 exchange rate system was
   • c) Less stable d) None of the above

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