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Transcript
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)