Punjab University 2009-4th Sem B.A L.L.B ..(hons.) for Economics-2,at , - Question Paper
(M) Questions :9 Sub.Code: [4 19 is \i]
Exam. Code : [7 11 10 1
B.A. LL.H. (lions.) 4" Semester (Five Years Integrated Course) 2049 ECONOMICS-II r Paper: II
Time Allowed: Three Hours] [Maximum Marks: 80
Note (i) Attempt five questions in all. Question no. IX of unitV is t-, compulsory. y \k
, '(ii) Attempt one question each from the units I, II, III and IV.
S-' unit-1
ired ? 1
di Hi cult ies in the measurement of National Income ? 3,8,4'
U ' Define National Income. How is it measured ? 'sAiat are the
U. State and explain Keynes law of consumption. What are the important implications of this law ? 9,ft
UNIT-II *
IJI. Explain the concept ofMultiplier'. Show its backward and forward working and also discuss its limitations. 3,7,5
V. Give a Critical explanation of Quantity theory of Money. \ 0,5
gVI. Explainjhe effects and measures to control Inflation. lVi,lViK-
'-7 \'y
UNIT-IV
VII. Discuss the various methods adopted by Central Bank of the nation for cdhtrdling credit. Give the various difficulties in the way of credit control. 12,3
~ 7 w
VIII. What is adverse Balance of payment ? What measures do you suggest to correct adverse Balance of Payments of a country ?
DC. Compulsory question (Answer each part in about 150 words). Each part carries 4. marks : 5*4*20
1 (aX Differentiate between Average Propensity to consume arvd I Marginal propensity to consume
-Ctf) Meaning of Marginal Efficiency of capital.-MX
(s ........ ................ ............................. *2
(c> Explain Contingent fanctionfmoney./ -~
Jcl)' Define 'liquidity trap'. *
(e) Difference between fixed and flexible rate of exchange.
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