BA Marathi And English SEM VI 2022 23 Apr 2022-23 ECONOMICS ADVANCED MACROECONOMICS III Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 All questions are compulsory
2. Q2 Figures to the right indicate full marks Answer any Two of the following. (20)
   • A) Analyse the aggregate supply curve in detail
   • B) Discuss the Long run relationship between inflation and unemployment
   • C) What is a rational expectation? Describe the concept of rational expectation in
3. Q2 Answer any Two of the following. 20 marks
   • A) Describe in detail the various Phases of the Trade cycles
   • B) Critically Examine Hawtrey's theory of Trade Cycles
   • C) Discuss in detail monetary measures for controlling trade cycles
4. Q3 Answer any Two of the following. 20 marks
   • A) Discuss in detail the concept of Managed Exchange Rate
   • B) Comment on "Convertibility of Currency."
   • C) What is the Currency Crisis? Discuss the various Causes Currency Crisis
5. Q4 Answer any Two of the following. 20 marks
   • A) What are the various reasons for Breakdown of the Bretton Woods? Discuss in
   • B) Analyse the various Causes of the Global Economic Crisis
   • C) Explain the Performance of the New Development Bank (BRICS Bank)
6. Q5 Write notes (Any Two). 20 marks
   • A) The combined equilibrium aggregate demand and aggregate supply curves
   • B) Features of Trade Cycles
   • C) Concept of Balance of payment
   • D) The objectives and functions of Asian Development Bank (ADB) the correct alternatives of the following. (20)
7. Q1 An . shows the total spending on domestic goods and services at each price level
   • B) Demand Curve
   • D) Supply Curve
8. Q2 The Aggregate Demand-Aggregate Supply Model (AD-AS) is a way of illustrating the
   • A) national income and changes in the expenditure level
   • B) National income and changes in the Consumption level
   • C) National income and changes in the price level
   • D) National income and changes in the saving level
9. Q3 According to Milton Friedman and Phelps, No trade-off between . in the long run
   • A) Inflation and Consumption
   • B) Inflation and unemployment
   • C) Inflation and Investment
   • D) Inflation and saving
10. Q4 Tobin's Phillips curve is
    • A) Vertical
    • B) Kinked-shaped
    • C) Negative slope
    • D) Positive slope
11. Q5 The idea of rational expectations was popularized by economists .in the 1970s
    • B) Prof. J. B. Clark
    • C) Adam Smith
    • D) John F. Muth
12. Q6 A trade cycle refers to . in economic activities specially in employment, output and
    • A) Increase
    • B) Fluctuations
    • C) Decrease
    • D) Equality 7.denotes the turning point of the business cycle from depression to prosperity
    • A) Recovery
    • B) Depression or Contraction
    • C) Prosperity or Expansion
    • D) Recession
13. Q8 Generally, a trade cycle is composed of
    • A) Six phases
    • B) Three phases
    • C) Four phases
    • D) Seven phases
14. Q9 The trade cycle is a part of the ------ economy
    • A) Capitalism
    • B) Democracy
    • C) Socialist
    • D) Dictatorship
15. Q10 Hawtrey believes that . are the basic causes of the trade cycle
    • A) Expansion and contraction of Taxation
    • B) Expansion and contraction of Price
    • C) Expansion and contraction of Cost
    • D) Expansion and contraction of money 11.In a cleanfloat ,exchange rate is determined by
    • A) Government
    • B) Central bank
    • C) Market force
    • D) Commercial bank
16. Q12 When there is aunfavorable balance of Payment?
    • A) Export > Import
    • B) Export = Import
    • C) Export< Import
    • D) Saving > Investment
17. Q13 The Balance of Payment (BOP)is one of the oldest and the most important . for any country, especially the more open economies
    • A) Psychological Statement
    • B) Statistical statement
    • C) Historical statement
    • D) Scientific statement
    • A) Sharp increase in the value of a country's currency
    • C) Sharp fall in the value of a country's currency
    • D) Slight fall in the value of a foreign currency
18. Q15 is the rate at which one currency is exchanged for another currency
    • A) Interest Rate
    • C) Bank Rate
    • D) Price Level
19. Q16 New Development Bank (NDB) is a . established by BRICS countries
20. Q17 Asian Development Bank (ADB) provides an average of more than . annual assistance to its developing member countries
    • A) $50 billion
    • B) $30 billion
    • C) $60 billion
    • D) $80 billion
21. Q18 The European Union was formed under which of the following treaties?
    • A) Rome treaty
    • B) Amsterdam treaty
    • D) Maastricht treaty
22. Q19 What is full form of AIIB?
    • D) All Indian International Banks
23. Q20 Asian Development bank's headquarter is situated in .country
    • A) India
    • B) China
    • C) Nepal
    • D) Philippines
24. Q3 HIST
    • H) ash
    • S) (ADB) art
    • H) tad
    • a) oft, All Indian International Banks

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