B.Com. (Part II) (Semester IV) (Old CGPA) 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.
Instructions All questions are compulsory.
Figures to the right indicate full marks.
1. Choose correct alternative. 14
In a business cycle terminal point of recession is called as
depression recovery prosperity none of these
Schumpeter's theory of business cycle is known as theory of business
cycle.
Monetary Innovation International None of these
Value added tax is implemented in Maharashtra from year.
2001 2005 2010 2017
are the scope of Public Finance.
Public Revenue Public Expenditure
Public Debt A ll above
Direct taxes are basically
progressive regressive proportional none of these
Purchasing power parity theory of exchange rate is propounded by
Recardo Malthus
Gustav Cassel None of these
State implemented VAT firstly in India.
Maharashtra Hariyana Karnataka None of these
When current expenditure is less than current revenue is called
budget.
deficit surplus balanced none of these
Public Expenditure is related with expenditure.
Private Personal Government None of these
Seat
No. Set P
Set P
SLR-CO 41 *SLRCO41*
10) Comparative cost theory of International Trade is propounded by
Ohlin Malthus
Recardo None of these
11) "Business cycle is purely monetary phenomenon" this statement made by
Schumpeter Hawtray
Keynes None of these
12) Terms of Trade Index of Export Price

×100
Index of import price Index of internal price
Index of external price None of these
13) debts are called as funded debt.
Long term Short term Medium term None of these
14) Incidence of tax and burden of tax falls on different person is called
tax.
Direct Indirect
Direct and indirect None of these
2. Answer the following questions briefly.
Explain the kinds of Public Debt. 7
Explain the causes of growth of Public Expenditure. 7
3. Write short notes on.
Balance of payment. 7
Scope of public finance. 7
4. A nswer any one of the following. 14
Explain the Hawtrey's theory of business cycle.
Explain advantages and disadvantages of International Trade.
5. A nswer any one of the following. 14
What is direct tax Explain its merits and demerits of direct tax.
Explain Recardian theory of international trade.