BCom In Accounting & Finance (BCAF) SEM III 2023 2024 2024 BUSINESS ECONOMICS II Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 State whether the following statements are true or false (Any 8) 8Mks
2. Q1 Per capita income indicates the national income distribution
3. Q2 Household are the owner of factor of production | Ux
4. Q4 The recession is a period of contraction
5. Q5 Say’s law was criticised by J.M. Keynes
6. Q6 Traditional money is expressed as M; = CC + DD
7. Q7 The Cambridge version of quantity theory of money was first developed by Keynes
8. Q8 Demand pull inflation initiate increase in aggregate supply
9. Q9 Taxes are not the most important source of revenue of government
10. Q2 Match the column (Any 7) 7Mks
11. Q1 Keynesian Theory a. Hold with central bank
12. Q2 Firms b. J.B Say’s
13. Q2 Answer the following
    • a. Define macroeconomics and explain it importance. 8Mks
    • b. Discuss circular flow of income in two- sector economy. 7Mks
    • a. Define national income and its features. 8Mks
    • b. Meaning and feature of trade cycle. 7Mks
14. Q3 Discuss the following
    • a. Discuss the constituent of money supply. 8Mks
    • b. Explain the Keynesian liquidity preference theory. 7Mks
    • a. Meaning of inflation and its causes. 8Mks
    • b. Explain the Cambridge version of holding money
15. Q4 Answer the following
    • a. Explain the marginal social sacrifice (MSS) with suitable diagram. 8Mks
    • b. Define efficiency discuss the three sufficient conditions for economy efficiency. 7Mks
    • a. Discuss Adam Smith’s invisible hand. 8Mks
    • b. Define public goods and explain it issues and uses. 7Mks
16. Q5 Discuss the following
    • a. Explain the canons of taxation. 8Mks
    • b. Explain the various deficit concept. 7Mks VCD/" SYBAF SEMIII Subject Name: Macro 75 Marks

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