Anna University Chennai 2007 M.B.A Economic foundations for business - Question Paper

ECONOMIC FOUNDATIONS FOR BUSINESS JAN07 - M.B.A
Z4502
M.B.A DEGREE EXAMINATION, JANUARY 2007
First semester
BA1602 – ECONOMIC FOUNDATIONS OF BUSINESS ENVIRONMENT

Part –a
1. describe national income.
2. State the meaning of balance of payment (BOP).
3. What do you mean by business cycle.
4. describe multiplier.
5. Bring out the importance of money supply.
6. List out the factors determining money supply.
7. What does "philips curve"convey.
8. What do you mean by inflation.
9. Write a short note on foreign trade policy.
10. What do you understand by international trade multiplier.

Part –b
11. A) discuss in detail the circular money flow with saving and investment.
Or
b)enumerate the objectives of Indian economic planning.

12. A)critically examine the phases of business cycles.
Or
b)illustrate the 2 fiscal methods of fiscal policy to get the economy out of recession.

13. A)what are the different measures available to estimate the money supply . explain them in detail.

Or
b) discuss how expansionary monetary policy works according to 'keynesian view'.
14. a) define the effects of inflation on output and distribution of income.
or
b) elucidate the causes of unemployment in developing countries.

15). A) elaborate the different gains that encourage free trade. discuss them in detail.

Or
b). explain the salient features of EXIM POLICY 2002-2007.

Earning:   Approval pending.