B.Com. (Part II) (Semester iV) (New CBCS) Examination, 2018
BUSINESS economics ii
Day and Date Tuesday, 11-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Draw diagram wherever necessary.
1. Choose the correct alternative. 14
Public finance deals with the income and of public authority.
Expenditure Debt
Deficit financing None of these
'Purchasing power pariety theory' is associated with
Malthus Gustav casel
Dr. Ricardo None of these
Business cycles are seen in economy.
socialist capitalist
socialist and capitalist none of these
Terms of trade
Export price index
− − − − − − − − − −
×100
Import price index Base year index
Export price index None of these
is only a price of one currency quoted in terms of another
currency.
Rate of exchange Balance of payments
Terms of trade None of the above
is a Indirect Tax.
Income Tax Wealth Tax
Sale Tax Capital gain Tax
are the causes of disequilibrium in the balance of payments.
Trade cycle Large government expenditure
Increasing population All above
In India initially state has implemented value Added Tax
(VAT).
Maharashtra Haryana P unjab Gujarat
When impact and incidence of tax falls on the same person means
tax.
Direct Indirect Proportional Regressive
10) The "Innovation theory of trade cycle" is associated with
Hawtray Schumpeter Hayek Dr. Marshall
11) The terms of trade are for developed countries.
Unfavourable Favourable Balanced None of these
12) The concept of shifting of tax is related to the
Income tax P roperty tax
Tax on goods and services Gift tax
13) Short term debts are also called
Funded debts Unfunded debts
Internal debts None of these
14) G.S.T. means
General Service Tax General Social Tax
Goods and Service Tax None of these
2. Answer the following questions briefly.
Explain the merits of direct taxes. 7
Explain the causes of growth of public expenditure. 7
3. Write short notes on
Purchasing power pariety theory. 7
Floating exchange rate. 7
4. Answer any one of the following. 14
What do you mean by International trade Explain the advantages and
disadvantages of International trade.
Explain Schumpeter's theory of business cycle.
5. Answer any one of the following. 14
Explain the kinds of public debt and causes of public debt.
What is the disequilibrium in balance of payments What are the causes
of disequilibrium in it