M.A. (Semester III) (CBCS) Examination Nov/Dec-2018
Economics
MACRO ECONOMIC ANALYSIS
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct option: 14
The value of NNP at consumer point is
NNP at factor cost NNP at market price
GNP at market price GNP at factor cost
The most appreciate measurement of a country's economic growth is
GDP NDP
Per capita income GNP
An example of income payment is rent, these are paid in exchange for
Land Labour
Capital None of these
This may cause in increase in national income.
Rise in export
Rise in import
Fall in consumption expenditure
Increase in saving
Which one is investment in economics?
Building a factory
Buying shares in stock exchange
Depositing money in bank
None of these
Which of the following is a withdrawal from the circular flow of income
steam
Investment Subsidies
Taxation Consumption
IS curve stands
Investment Saving curve Income Saving curve
Interest Saving curve None of these
In the IS-LM model of income determination increases in the propensity to
save leads to
Rightward shift of the LM curve Rightward shit of the IS curve
Leftward shift of the LM curve Leftward shift of the IS curve
If C=100 and S=40 then Y will equal to
140 200
60 None of these
10) If the quantity of money increase by other things remaining
constant, value of money changes by
Increase by 100% Decrease by 100%
Decrease by 200% Does not change
Page 2 of 2
SLR-HS-11
11) According to Keynes, people demand money for purpose (motives).
1 2
3 4
12) Inflation is mostly harmful to which of the following?
Debtors Creditors
Business class Holders of real assets
13) Increasing unemployment and inflation is a situation of
Hyperinflation Galloping inflation
Stagflation Reflation
14) Stagflation implies a case of
Galloping inflation
Recession plus inflation
Adverse balance of trade
Rising wages and unemployment
Q.2 Short notes (any 4 out of 16
National income
GNP at factor cost
Input-Output accounting method
IS curve
Inflation
Liquidity preference
Q.3 Short answer types questions (any 2 out of 12
What is social accounting method?
What is LM curve?
What is Keynesian theory of demand for money?
Explain the Fishers transaction approach.
Q.4 Descriptive types questions (any 1 out of 14
What is circulation flow of income? Explain the circular flow of income in
two sector or three sector model.
What is business cycle? Explain the different phases of business cycles.
Q.5 Answer the following question 14
What is Philips curve? Explain the shape of Philips curve in short and long
term period.