N A L A N D A O P E N U N I V E R S I T Y
M.A. Economics, Part-I
PAPER-II
(Macro Economics)
Annual Examination, 2017
Time: 3 Hours Full Marks: 80
Answer any Five Questions. All questions carry equal marks.
1. Define national income. Discuss its different concepts.
2. Discuss Permanent Income Hypothesis of Consumption.
3. Explain the theory of accelerator. What are its limitations
4. Critically discuss the Fisherian version of the quantity theory of money.
5. What do you mean by supply of money Explain the measures of supply of money in India.
6. Differentiate between unit and Branch banking. Discuss the merits and demerits of branch
banking.
7. Discuss critically Keynes' liquidity preference theory of interest.
8. Explain different methods of credit control by RBI.
9. Discuss the measures to control inflation in a country like India.
10. Write an essay on monetarism.