Bachelor Of Management Studies (BMS) SEM IV 2019 20 Oct 2019-20 ATKT ECONOMICS II Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Angwer the following Ful in the blanks (Attempt any 8) (8 Marks) The four sector circular flow economy does not include (World economy, financial market , crude oil reserves in oil wells) i is the total money value of final good and services produced within in a country Prosperity is the stage that comes IV. is a situation in which free markets fails to satisfy society’s want stage government could rise the interest rate open market operation , the Central bank the government Vil. rate of interest Current account deficit is concerned with 15 marks
   • B) State True or False form below mention statements. 7
   • 1. Capital account is not part of Balance Of Payment
   • 2. Business cycle was first explained by J M Keynes
   • 3. Hyper inflation is not good for economy
   • 4. FDI refers to investment by multinationals
   • 5. Impact and incidence are same in case of personal income tax i 6. Acceleration of economic growth is one of the objective of fiscal policy
   • 7. The MPS is the counterpart of MPC
2. Q2 Attempt (A) and (B) Or (C) and (D) 15 marks
   • a) Explain the circular flow of income and bring out the importance. 8
   • b) Expiain the term ‘Business Cycle’. And write a note on ‘Expansion phase. Calculate APC,APS,MPC and MPS from the following data. (8 Marks) ad) What is the meaning of investment. Explain the importance of investment in developing Attempt (A) and (B) Or (C) and (D) ‘Discuss the different concepts of money supply and its determinants. (8 Marks) is inflation? What are the types of inflation on rate basis. (7 Marks) ‘Explain the term “demand for money” and its main determinants. (8 Marks) 7
   • d) ‘Explain the quantitative techniques of monetary policy. 7
   • (4) Attempt (A) and (B) Or (C) and (D) 15
   • a) Explain the objectives of Fiscal Policy on Business? ‘Explain various types of disequilibrium in BOP. (7 Discuss the significance of public expenditure in a developing economy. (8 Marks) Explain the structure of the union budget. (7 Marks) 8
   • 5) Write short notes on any three 15
   • a) Liquidity trap
   • b) Revente deficit
   • d) Inflation

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