Bachelor of Commerce (B.Com.) SY BCom Sem 3 BCom Sem 3 (2018 2019) Mar 2019 ATKT BUSINESS ECONOMICS III Question Paper - Mumbai University | munotes

Questions asked in this paper

• Please check whether you have got the right question paper

1. Q2 All questions carry equal marks
2. Q4 Use of simple calculator is allowed
3. Q1 A) Explain the following concepts. [Any five] 10 marks
4. Q1 Circular flow of income
5. Q2 Open economy
6. Q6 Laffer curve
7. Q7 Liquidity trap Choose the right answer from the given options and rewrite the sentences. (10)
8. Q1 Keynesian theory is not based on which of following assumptions?
   • a) Supply creates its own demand. b) markets can fail
   • c) Govt intervention can reduce the. d) aggregate demand determines national income impact of recession
   • ii) Which one of following type of economy deals with the rest of world?
   • c) developed economy d) none of these National income is a concept
   • c) both d) none of these
   • iv) According to Keynes, which of following is constant in short run?
   • v) MPC is always
   • a) positive but less than positive but greater than one
   • c) equal to one d) equal to infinity
   • c) remain constant d) none of these vil) Which of the following is the slope of LM curve?
   • a) Negative b) positive
   • c) vertical d) both a & b Long run Phillip's curve is line
   • a) Upward b) downward
   • a) Money with public and central bank currency with public, cash reserves and other deposits with central bank
   • c) Deposits with commercial banks d) None of these xX) first developed Cambridge version of quantity theory of money
9. Q2 Attempt any Two 20 marks
   • a) Analyse the circular flow of income and expenditure in. an open economy
   • b) State the relation between economic welfare and national income?
   • c) Discuss different phases of trade cycle
10. Q3 Attempt any Two 20 marks
    • a) ‘The logical starting point of Keynes' theory of employment is the principle of effective
    • b) Diagrammatically explain the working of multiplier
    • c) Investment is determined by MEC and rate of interest-explain
11. Q4 Attempt any Two 20 marks
    • a) Derive IS curve and bring out its properties
    • b) Discuss the relationship between unemployment and inflation with the help of short run
    • c) Explain meaning and effect of stagflation
12. Q5 Attempt any Two 20 marks
    • a) Explain the Keynesian concept of demand for money
    • b) Draw and explain the causes of demand pull inflation
    • c) What are the measures to curb inflation? Please check whether you have got the right question paper
13. Q2 TAT
14. Q3 (Aggregate demand) ii)
    • iii) Se
    • iv) Hea vi) viii) ix)
    • H) St
    • H) 1S HE Sal

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