B.Sc. (Data Science) SEM III 2023 2024 2024 ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Attempt any three of the following: 15 marks
   • a. Explain the concept of
   • b. Explain the market structure or market economic
   • c. State the difference between Positive and Normative
   • d. What do you mean by productive efficiency? e, Explain Trade off Explain the functional relationship between economic analysis and tool
2. Q2 Attempt any three of the following: 15 marks
   • a. Explain Law of demand
   • b. What do you mean by market demand and individual demand?
   • c. Explain individual Supply arfd Market supply
   • d. Explain factors affecting supply
   • e. Difference between stock and
   • f. Explain individual demand and state the features of
3. Q3 Attempt any three of the following: 15 marks
   • a. Define Deflation
   • b. What is price level?
   • c. Explain types of inflation.
   • d. What is Index number?
   • e. Write a note on Cost push Inflation
   • f. State the various causes
4. Q4 Attempt any three of the following: 15 marks
   • a. Short note on contra cyclical fiscal policy
   • b. What do you mean by price stability?
   • c. What is Fiscal Policy? State its objectives
   • d. What do you mean by expansionary fiscal policy and contractionary fiscal policy
   • e. State the meaning of economic stabilization
   • f. Write about inflation and deflation
5. Q5 Attempt any three of the following: 15 marks
   • a. Explain instruments of monetary policy
   • b. Define expansionary policy
   • c. State the objectives of monetary policy
   • d. Short note on Cash reserve ratio?
   • e. What do you mean by Bank rate policy?
   • f. What do you mean by credit ceiling?

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