Nalanda Open University
Annual Examination 2016
B.A. Economics (Honours), Part-II
Paper-IV (Money, Banking and Public Finance)
Time: 3.00 Hrs. Full Marks: 80
Answer any Five questions. All questions carry equal marks.
1. Discuss the role of money in a capitalist economy.
2. What do you mean by value of money? Discuss the determinants of value
of money.
3. Critically examine the Fisherian quantity theory of money.
4. Define inflation. Discuss its impact on different classes of society.
5. Discuss the relationship between inflation and economic development.
6. Describe the merits and shortcomings of unit banking.
7. Discuss the functions of commercial banks.
8. Describe the process of creation of credit by commercial banks.
9. Discuss Central Bank's methods of quantitative control of credit.
10. Discuss the effects of public expenditure on production and distribution