University of Lucknow 2007 B.A Economics (II) , - 1 , Income , Money and nking - Question Paper
B. A. (Part II) Examination, 2007 EC ONOMICS (First Paper)
(National Income Analysis, Money and Banking)
Sote : Answer Five questions only. Question So. I is
compulsory. Answer one question front each I nit.
1. Explain the following in brief:
(i) Net National Product at Factor Cost (ii) Depreciation
(iii) Voluntary and Involuntary Unemployment (iv) Liquidity Preference (\) Hawtrev's theory of Trade Cycle (vi) Velocity of Circulation of Money (% ii) Deflation (viii) Bank Rate (ix) Credit Multiplier (\) Methods of Exchange Control.
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UNIT I
2. Define the concept of national income with the help of circular flow of income. Discuss income and expenditure methods of estimating national income.
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3. Give an outline of Keynes' theory of employment. Discuss the determinants of consumption function and investment function.
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UNIT II
4. Discuss Fisher's Quantity theory of money. What is the difference between cash transaction approach and cash balance approach to quantity theory of money ?
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5. Explain the concept of inflationary gap. Discuss the major causes of inflation in an economy.
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6. Wliat is centra) bank ? Discuss the main objectives and functions of a central bank in a developing economy.
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7. Explain the process of credit creation of commercial banks. Mention the factors limiting credit creation.
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8. Dellne demand and supply of foreign exchange. Critically c\anine purchasing power parity theory.
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9. Discuss the functions of International Bank for Reconstruction an<l Development (I.B.R.D.)
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| Earning: Approval pending. |
