M.A. (Economics) Part I Sem I 2022 2023 Jul 2023 ECONOMICS MACROECONOMICS I Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q1 All questions are compulsory
2. Q2 Figures to the right indicate full marks
3. Q4 There is internal choice in each question
4. Q1 a. Explain the concept of social accounting and its different types. 10 marks
   • b. Explain the concepts of national income measurement. 10
5. Q2 a. Explain the concept of absolute income hypothesis. 10 marks
   • b. the concept of relative income hypothesis. 10
6. Q3 a. What is the demand pull inflation? State the reasons of demand pull 10 marks
   • b. the Schumpeter's approach about business cycle. 10
7. Q4 a. Explain the concept of measurement of money supply. 10 marks
   • b. Explain the Keynes' approach to the demand for money
8. Q5 A. Answer the Any Two questions of the following. 20 marks
9. Q2 Marginal efficiency of capital business cycle : Meaning and Steps
10. Q4 Components of money supply Solve all the multiple-choice questions from the following. 20
    • C) Business cycle: Meaning and Steps
    • D) Components of money supply
11. Q2 Which of the following is the formula for identifying national income for an open economy?
    • C) Y=C+G+ Ex
12. Q3 Inflation is measured with the help of
    • A) price index
    • B) income index
    • C) product index
    • D) cost index
13. Q4 The pattern of direct and indirect transactions in the country's economy is
    • A) Social Accounting
    • B) Personal accounting
    • D) Capital accounting
14. Q5 Identify the types of social accounting methods which are not?
15. Q6 Who proposed the concept of absolute income hypothesis?
    • A) Lord Keynes
    • B) Franco Modigliani An is an investment made by the government
    • A) Induced investment
    • B) Private investment
    • C) Autonomous investment
    • D) Personal investment
16. Q8 Marginal efficiency of capital is the ratio between
    • A) supply price of capital and Profit
    • B) prospective yield and supply price of capital
    • C) supply price of capital and interest rate
    • D) supply price of capital and rate of rent
17. Q9 According to the permanent income hypothesis, when the household has an , the actual income is more than the permanent income
    • A) unexpected benefit
    • B) unexpected loss
    • C) expected consumption
    • D) consumption
18. Q10 According to the Relative Income hypothesis, the consumption expenditure of an individual depends on the level of
    • A) Relative income
    • B) Absolute income
    • C) Permanent income
    • D) Static income
19. Q11 Which of the following is the cause of demand-pull inflation?
    • A) Increase in public spending
    • B) Decrease in wages
    • C) Increase in tax rates
    • D) Decrease in consumption
20. Q12 Who introduced the concept of inflationary gap?
    • A) Lord Keynes
21. Q13 According to Schumpeter, what causes the trade cycle in an economy?
    • A) demand
    • B) income
    • C) interest rate
    • D) innovation
22. Q14 Samuelson's trade cycle theory is based on the interaction between
    • A) multiplier and acceleration
    • B) demand and supply
    • C) income and expenditure
    • D) consumption and income
23. Q15 What inflation is caused by an increase in the cost of production?
    • C) Export inflation
    • D) Import inflation
24. Q16 The traditional approach to money supply is known as
    • A) Bank money
    • B) Narrow money
    • C) Broad money
    • D) Credit money
25. Q17 The Cambridge approach to money demand is called
    • B) transaction approach
    • C) Demand approach
    • D) Supply approach
26. Q18 According to Lord Keynes, the demand for money for speculative purposes depends on the
    • A) income
    • B) consumption
    • C) Supply of money
    • D) rate of Interest
27. Q19 The Baumol-Tobin analysis suggests that an increase in the brokerage fee for buying and selling bonds will cause the demand for money to and the demand for bonds to
    • A) increase; increase
    • B) increase; decrease
    • C) decrease; increase
    • D) decrease; decrease
28. Q20 Which of the following is included in RBI's M1 concept of money supply
    • A) Currency + other deposits with RBI
    • B) Currency + Demand deposits with banks
    • D) Currency + Demand deposits with banks + other deposits with RBI
    • A. HRY Ara
    • S) Ga
    • S) ax
    • a) Fe
    • a) tar
    • S) tar
    • a) the
    • a) ale;
    • S) Ae;

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