M.A. (Semester III) (CBCS) Examination, 2017
ECONOMICS (PAPER III)
MACRO ECONOMIC ANALYSIS
Day Date: Thursday, 04-05-2017 Max. Marks: 70
Time: 10.30 AM to 01.00 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Select the appropriate word 14
National Income accounts a sum of ____produced in a country
within a period.
Goods Services Money Supply Both a b
National Income is a
Stock Flow Old All of these
Depreciation is more important at the time of calculation of
Gross Domestic Product Gross National Product
Net National Product None of these
IS curve is sloped
Horizontal Positive Negative None of these
Physiological law of consumption is given by
Marshal Keynes Domer Wikcel
Consumption is the function of
Saving Investment Income All of these
According to Keynes the increase in income is divided into
Consumption Saving Saving Investment
Consumption Investment All of these
If the marginal propensity to consume is higher, Multiplier will be
Lower Higher Medium None of these
Life-cycle hypothesis explains the consumption patterns of
Society Rich People Individuals Poor people
10) In monetary policy, Reserve Bank of India more concentrates on
M1 M2 M3 M4
11) called narrow money.
M1 M2 M3 M4
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12) Fisher in his quantity theory of money gives more importance to
side.
Supply Demand Upper Lower
13) explained the Permanent Income Hypothesis.
Marshal Keynes Friedman Amarty Sen
14) IS-LM Model is given by
Ricardo Hicks Hanson
Keynes None of these
Q.2 Write short notes: [Any seven] 14
What is Marginal efficiency of capital?
What is Multiplier?
What is High powered money?
What is Budget deficit?
What is money supply?
What is demand for money?
Define consumption function.
What is deficit finance?
What is gross national income?
10) What is Value of Money?
Q. 3 Write short notes (Any 14
Circular flow of income in two sector economy.
Absolute Income Hypothesis.
Reserve Bank of India's approach of money supply.
Supper multiplier
Q.4 Write long answer (Any 14
Discuss on different forms of national income accounting.
OR
Discuss in detail on Keynes Liquidity preference approach.
Q.5 Explain the Quantity Theory of Money. 14