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LLB IV (Fourth) Semester Examination 2014-15 Course Code: LBA402 Paper ID:0934403 Macro Economics II Time: 3 Hours Max. Marks: 70 Note: 1. Attempt any six questions in all. Q. No. 1 is compulsory. 2. Students have option to answer the questions in English or Hindi. 1. a) b) c) d) e) f) g) h) Answer any five of the following (limit your answer in 50 words). (4x5=20) Discuss feature of Classical Theory. What do you mean by Aggregate Supply”? Discuss scope of Post Keynesian Economics. Examine the role of Fiscal Policy in dealing with depression in the developing economy. Differentiate between Economic Growth and Economic Development. How Economic Growth can be measured? What do you mean by Capital Market? Discuss role of Commercial Bank in developing economy. 2. “The value of money, in fact, is a consequence of total income rather than the quantity of money.” Discuss. (10) 3. What do you mean by Aggregate Demand? Discuss its significance in economic development of a country. (10) 4. Discuss the meaning, working and importance of the Accelerator. What are its limitations? (10) 5. “Keynesian remedies to remove unemployment and underemployment in backward countries will plunge these counties into inflationary spiral.” Discuss. (10) 6. Discuss the Neo-Classical Growth Theory in your own words. (10) 7. What do you mean by Central bank? Discuss Credit Control by the Central Bank. (10) 8. Discuss differences and similarities between Money & Capital Markets. (10)