BA Marathi And English SEM II 2017 18 April 2017-18 ECONOMICS PAPER I Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q2 Each question carries 20 marks
2. Q4 Use of simple calculator is allowed
3. Q1 Attempt any two of the following: 20 marks
   • a. Explain circular flow of income in an open economy
   • b. Explain the concept of Exchange rate as price
   • c. Find GDP deflator for each year GDP at current GDP at constant price
4. Q2 Attempt any two of the following: 20 marks
   • a. What is Marginal Efficiency of Capital (MEC)?
   • b. Explain Accelerator
   • c. Given below is the level of consumption expenditure of an economy. Fill the blanks in the table
   • (Y) (C) (S) to Consume (MPC)
5. Q3 Attempt any two of the following: Explain the features of Merit goods Explain the merits of Direct Tax 20 marks
   • c. Note on Revenue and Capital Expenditure of the government
6. Q4 Attempt any two of the following: 20 marks
   • a. Explain the types of disequilibrium in Balance of Payments
   • b. Explain determination of Exchange Rate
   • c. From the following summary of balance of payments
   • Q.P. Code : 33943 Exports of Goods Imports of goods Export of Services Import of Services Interest, profits and Interest, profits and
7. Q5 Attempt any two of the following: 20 marks
   • a. Explain the GDP, GNP and NNP concepts of National Income
   • b. Write a note on National income identity in an open economy
   • c. Explain the concepts of Impact, Shifting and Incidence of Tax
   • d. What is Balance of Payments?
   • Q.P. Code : 33943
   • H) WATS
   • Q.P. Code : 33943
   • A) HU

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