B.Com. II (Semester III) (CBCS) Examination, 2018
Busines Economics II
Day and Date Wednesday, 19-12-2018 Total Marks 70
Time 2.30 p.m. to 5.00 p.m. .00 .m. to .00 p.m.
N.B. All questions are compulsory.
Figures to the right indicate full marks.1) All
questions are compulsory2) Figures to the right ind.
1. Choose the correct alternative and rewrite the sentences 14
The concepts of micro and macro economics were first introduced by
Dr. Marshall Ragnar Fish J. M. Keynes Prof. Boulding
GNP GDP Export
Total expenditure Import
Subsidy None of these
is a state in which the value of money is falling, prices are
rising.
Inflation Reflation Deflation All of the above
"The General theory of Employment Interest and Money" this book is
associated with
Prof. Shumpter J. M. Keynes
J. R. Hicks Dr. Marshall
Full employment means
Absence of voluntary unemployment
Absence of involuntary unemployment
Enough vacancies
None of these
According to Keynes the level of consumption is determine by
Level of income Effective demand
Rate of interest None of these
Marginal propensity to consume means
in this equation stands for
Quantity of money Velocity of money
Total transaction None of these
In construction of index number base year price is assumed
1000 100 10 None of these
10) According to prof. Fisher the value of money depends upon
demand for commodity demand for money
Supply of money None of these
11) are the methods of computing national income.
Income method Expenditure method
Product method All of the above
12) According to say's law of market total supply is equal to total
Demand Production Expenditure None of these
13) In a cash balance approach function of money has given
importance.
medium of exchange Measurement
Store of value None of these
14) Average propensity to consume Total income
Total consumption expenditure Total saving
Total investment None of these
2. Write short notes
Gross National Product (GNP). 7
Marginal propensity to consume (MPC). 7
3. Write short answers
Explain the scope of Macro Economics. 7
Explain the determinant factors of effective demand. 7
4. Answer any one 14
Explain the various causes and measures to control inflation.
What is consumption function Explain the factors influencing on
consumption function.
5. Answer any one 14
What is National income Explain the various methods of computing
national income.
Explain the Fisher's quantity theory of money.