University of Delhi 2005-2nd Year B.Com Macro-Economics Analysis and Policy Regular Year : - Question Paper

part ‘A’

Q. 1. What do you mean by effective demand ? discuss determinates of effective demand.

Q. 2. describe and discuss marginal efficiency of capital. discuss determinants of investment according to Keynesian approach.

Q. 3. Critically examine Fisher’s volume Theory of money. 15

Q. 4. explain the application of Keynesian Theory of employment in underdeveloped countries.

15
Q. 5. Distinguish ranging from :
(i) Cost Push and Demand Pull inflation;
(ii) Inflationary and Deflationary gap.

part B’
Q. 6. What is meant by Fiscal Policy ? discuss the objectives of Fiscal Policy in a country like India.
Q. 7. What is the need of credit control ? discuss qualitative methods of credit control. 5, 10

Q. 8. discuss the relative role of direct and indirect taxes in India. Why do countries like India rely more on indirect taxes?
10,5

Q. 9. discuss the factors responsible for rise in public expenditure in India. Is this increase desirable ? 10, 5
Q. 10. Write short notes on :
(a) Balance Sheet of a commercial bank;
(b) The role of Finance Commissions.

Earning:   Approval pending.