M.A. (Semester IV) (CBCS) Examination Nov/Dec-2018
Economics
MONETARY ECONOMICS
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 number of times a unit of money exchanges hands during a unit period
of time is known as
Velocity of circulation of money Speed of circulation of money
Count of circulation of money None of these
Banks creates money by
Printing it
Issues debit cards
Accepting cheques
Lending out part of their deposits
A transaction motive is depending on
Interest rate Income
Investment Output
IS curve stands
Investment-saving curve Income-saving curve
Independent-saving curve None of these
Consumption is function of
Investment Saving
Income All of the above
Sum of the MPS and MPC is
0 1
100 Infinite
When prices slowly and predictably, we call that
Galloping inflation Low inflation
Hyperinflation Deflation
Q.2 Short notes (any four out of five) 14
Reserve money
Precautionary demand for money
Investment saving curve
Boom in trade cycle
Rate of interest and investment
Q.3 Short answer types questions (any two out of three) 14
What is money? Describe its functions.
Explain the acceleration.
What is investment function?
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SLR-HS-19
Q.4 Descriptive types questions with internal choice (any one) 14
What is fisher's transactions approach? Explain the relationship between
the quantity of money and price level.
OR
What is consumption function? Explain the MPC and APC with graph.
Q.5 Explain the different phases of business cycle. 14