Punjab University 2009 B.A Economics - : A, : Part - II - Question Paper
Tuesday, 07 May 2013 03:20Web
ECONOMICS- Paper : A
(Macro Economics)
B.A. 2nd Year
Time Allowed: 3 Hours Maximum Marks : 90
Note: (i) Attempt 5 ques. in all, selecting atleast 1 from every
Section A,B,C and D. ques. No. one is compulsory.
1. Answer any 9 of the following:
(a) What is Laissez Faire Policy ?
(b) What do you mean by interest rate flexibility ?
(c) Define avg. Propensity to Consume.
(d) Explain Autonomous Investment.
(e) What is Multiplier ?
(f) Give the meaning of Liquidity Trap.
(g) Give primary functions of Money.
(h) What is Limited Legal Tender Money ?
(i) Define Trade Cycle ?
(j) Define Capital Market.
(k) Do banks really create credit ?
(l) What do you mean by Stagflation ?[Marks 2x9=18]
SECTION-A
2. Define Effective Demand. discuss how does it determine the level of
employment ?[Marks 18]
3. Explain Say's legal regulations of Markets and bring out its implications.[Marks 18]
SECTION-B
4. What is Consumption Function ? discuss the determinants of consumption
Function.[Marks 18]
5. What do you mean by Inducement to Invest ? On what factors investment
decisions depend ?[Marks 18]
SECTION-C
6. Critically examine Fisher's quatity theory of Money.[Marks 18]
7. Explain different methods of Credit Control adopted by Central
Bank.[Marks 18]
SECTION-D
8. Define Keynesian view of Inflation.Explain Demand Pull and Cost
Push theory of Inflation.[Marks 18]
9. What is Fiscal Policy ? explain the role of Fiscal Policy as a
Stabilisation Policy.[Marks 18]
Earning: Approval pending. |