University of Lucknow 2006 B.A Economics ( Part II) , -( I) , (National Income Analysis,Money and nking) - Question Paper

B.A ( Part II) exam 2006

Economics-(Paper I)
(National Income Analysis,Money and Banking)


Time Allowed : 3 Hours
Maximum Marks:50

Note: Total Number of ques. to be answered is Five. ques. no. one is compulsory.Attempt 1 ques. fom every unit.Each ques. of the unit carries 7.5 marks.


1.Explain the subsequent in brief: 20
(i) Gross investment and Net investment
(ii) Concept of full employment
(iii) Velocity of Circulation of Money
(iv)Marginal propensity to consume and Marginal propensity to save
(v) Liquidity trap
(vi) Damand deposit and Time Deposit
(vii) Flatness and Roundness characteristics of money
(viii) Stagflation
(ix) Creeping Inflation
(x) Special Drawing Rights(S.D.Rs)



UNIT I
2.Analyse the circular flow of income and product.Distinguish ranging from the following:
.(i)Gross National Product at Market Price and Gross National Product at Factor cost
(ii) Gross National Product and Gross Domestic Product
(iii)Gross National Product and Net National Product
3. "The core of the Keynes' theory of employment is the principle of effective demand."Discuss.

UNIT II
4.Explain the Cambridge Approach to volume Theory of Money.Describe how is it superior to the superior to the Fisher's Approach.
5.Differentiate ranging from the Demand-Pull and Cost-Push Inflation.Discuss the different measures to control inflation.

UNIT III
6.How does the Central Bank control credit through 'Quantative Methods'?
7.What are the fuctions of commercial banks?How do commercial banks create credit?


UNIT IV
8.Explain the objectives and methods of exchange control.
9.Examine the working and fuctions of the International Monetary Fund.

Earning:   Approval pending.