B.Com In Banking & Insurance (BCBI) Sem IV 2019 20 Oct 2019-20 ATKT ECONOMICS II Question Paper - Mumbai University | munotes

Questions asked in this paper

• Figures to the right indicate full marks

1. Q1 A) Select the best answer from the given options (Any 8) 8 marks
   • 1) of Economy deals with the rest of the world
   • 2) According to Keynes, as income increases both MPC and APC
   • 4) The Inverse of Price level measures
   • 5) FRBM Act was passed in
   • 6) During Inflation gainers are
   • (i) Common Man (ii) Debtors (iii) Creditors (iv) All of these
   • 8) The Tax Purchasing power of Tax Payer
   • (i) increases (ii) reduces (iii) does not effect (iv) None of these
   • 9) Y=C+S, also means ()Y=C+S, (ii) C+S=C+I (iii) S=I (iv) All of these
   • 10) Surplus Budget Fiscal Policy is following during
   • (i) Inflation (ii) Boom (iii) Depression (iv) None of these
2. Q1 B) State whether the following statements are True or False. (Any 7) 7 marks
   • 1) Macro Economics studies the Economy as whole and analysis its functions
   • 2) The MPS is the counterpart of MPC
   • 3) Repo rate is Interest Rate paid by Central Bank
   • 4) Four sector Economy is an open Economy
   • 5) Modern money also known as Broad Money
   • 6) The concept of multiplier was developed by R.F. Khan in 1931
   • 7) Incidence means final burden of Tax
   • 8) Improved technology has made Foreign Exchange fast and simple
   • 9) Arbitrageurs are interest in making profit
   • 10) If the export price is greater than the import price, terms of trade will be
3. Q2 A) Explain the concept of Civenlar Flow of Income and Expenditure in a closed
   • B) State the meaning and features of Trade Cycle. 7
4. Q2 C) Discuss the features and scope of Macro Economics. 15 marks
5. Q3 A) Discuss the constituents of money supply. 8 marks
   • B) Critically evaluate Fisher’s Equation of Exchange. 7
6. Q3 C) Discuss the features and factors of consumption function. 15 marks
7. Q4 A) Explain the meaning and objectives of Fiscal Policy. 8 marks
   • B) Discuss the factors that influences the incidence of taxation. 7
8. Q4 C) Discuss the various types of Public Debt. 8 marks
   • D) State the causes of inflation. 7
9. Q5 A) Discuss the features and benefits of Foreign Direct Investment to host country. Short Notes (Any 3) (15) 15 marks
   • 2) Saving Function
   • 3) Green GNP
   • 4) Money Supply M3
   • 5) Income Velocity

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