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00r-001404 B.A. (CBCS) (Sem.-IID Examination December-2013 Macro Economics : Paper (Elective - II) - 5 Faculty Code : 001 Subject Code : 001404 Time: 2% Iloursl : (l) Instruction : ilrt.u (2) lTotal Marks : 70 6i.i Rrou"t{ vqtq Gruqe'ltti q.Lq(lt. Give answeG for both sections in main answer sheet. 613 q,{-ri %rrqft 6ug-ri {is3i A u-q{i Wr tcr Figues to the right indicate firll marks of the questions. * edi d. hou3t -USection-1 l. M.c.Q. (l) tJI-{i qi{ }t'l U?q6r- dut-tl Rtcid s,{i {sirtrr.,{I auL au'.{qL{ }ud.cr ? 1u) cicrlr (d) 6\dkt 1a; lR.s [i tLsI (c) (2) (3) (4) 20 or!r! r4eierR.,0rd Who has given the interest theory ofdemand and supply of capital ? David Ricardo Walcess Tawsing All ofthese <,u%.i r4rer {.R.rl Rrcid j,rl l,reltu+d} dr?t r,u.qq.rqi {tda d ? ui. qutei llq3 ?'Lr3I titFtq? rI. qlcr?+r Who was given the principle of abstinence theory of interest ? Marshall David tucardo Seniro Walrus qir.L{l ?t$.r {€,tet = 2 GDP alRcl (a) (b) (d) (a) (c) !i. (a) G) !i. (c) (c) (a) GNP (c) NNP Net national product: (a) GNP (c) NNP (d) (b) (d) (b) (d) \lNP 2 GDP O) (d) \'NP rli. qrarl 3Gli -{I{-uqir{I sil U+ds eq d ? (b) Wealth of nations (a) General Theory (c) Das Kpital {d) Origin ofSpecies Which book from the following is written by Charles Darwin ? (a) GeneralTbeory (b) Wealth of nations (c) Das Kapital (d) Origin ofspecies a{rti (5) r'i. ]6-il }qt 4sid1-l ?rt {l.i ddr-u r,tr[i& Rr<ial .,ri,ar d r (a) ulxctdl O) {lqrdl (c) +t't[ryq.[f,[ (d) Ftq 4eicia Refering to which economy Prof. Keynes gave his own economic theories ? (a) Sociaiism O) Capitalism (c) Communism (d) Mixed economy ' 001-001404 1 P.T.O. (6) (7) qlsl ,idr-tl Gudl %l{l{rdl.l qdnr{ yifl4tdl-ft (a) (c) uirJl qt (b) iti',{l (A) grL)s (arl{ }zdl {srq-[ crBl d ? tg r.uir ulti Compared to present need how much importance is given to the futue need for people ? (b) Equal (a) Less (d) Sometjmc more, sometime less (c) More ntllit tlaa { ? (a) qtrlrtL{i }r$tr * 5et ,lttr r{lrtict cr1{? (b) q\srerqi htR = qtqsqi *riLr (c) gd <rq?nl + r{l,q31[ hil? (d) 3a qq?ur - 3er qrq.3 (s) What is marginal propensity to consume ? Change in consumption + Total income Change in consumption + Change in income Total consumption + Change in income Total consumption + Total income cua'l-ft irutfl{ Frer[ts q?'l6rut Jt 6d{rt.r 14.i (a) (b) (c) (d) i d? }tict l4{rst?s Q) 34 (d) ta ?tttst {c) o{r%€? js Which the main determined factor ofrate ofproduction and level of emplo)ment ? (a) Total supply (b) Total effective demand (a) Ja gct5l (c) Rate of interest (d) Total investment (9) !i. I6-r-u u urrLsl {acLLuurri +urLtgtit }.{I rJ d I qqrl 1c; ulu'l (a) 0) (d) How the propensity to consume Rq? qur{ remains in shod period according to Prof. Keynes ? (a) Increase (c) Decrease ', (10) APC + APS (l , l) (a) 1.s (c) I _2 O) (d) (:b) (d) Stabl€ Medium 2 2.5 qt{[a-tl ?tdlq ]u.t3-[l' rtqtdfl{ r,tt t.r't i.rl t9 f (a) 3e rlc 6c{t€-rq4ft (d) qrkrR3 6c\uL{qe{l (c) 3rar 6d{re{Cte{I Gc{relQsfl &) Which approach is suggested by Marshall for calculating National I[come (a) Total Net produce Real produce Gross qul ri:ri€,oft ., )r.l %.u et (12) iis3 ]ql r.i6iq d ? (c) produce produce (a) <{R (c) nqui (b) (d) (b) itrtt't (d) l,lcu What is the relation between cash preference and rate of interest ? Equal un-proportionate (a) Inverse (c) Proportionate 001-001404 O) (d) 2 ? (13) cfdqth-ti [it<i.t +t] lsrq 4rt u{rLri"{l,I r'6 rlet r rlqJ-+-r 1c; d.drL. saL{ (b) {f€r{.i (d) d.{ . }0cr principle of accelerator ? first economist to introduce Who was the (b) Samuelson (a) Robc(son (d) J.S. Mill (c) J.M. Cla* (a) (14) g€r sr{l q?rr% q€r{r.l {r.ti s,ri tL,l r,llqqqrrll 4t{ d ? (a) GNP O) GDP (d) KN? (c) NNP What is the short name ofgross domestic prcduce ? (b) GDP (a) GNP (d) KNP (c) NNP w (1s) 1t?rrlz6 ),u<rE{ 3{ d ? (a) 3a ?t4{ r{Lq3 + l,r[-{I %-l+ita{l tbl :q U{lq qrqt r Lu-[l Y-r*.\r{t {c) tx ?r9{ qlqs . atl-0 %iiirqt {dr €a ?rvl4 ulrq{ der.fl %i{"qt What is the formula of per capita income ? (a) Gross National lncome + Number ofpopulation ofthe colurtry (b) Gross National Income + Number ofpopulation ofthe coulltry (c) Gross National lncome x Nurnber ofpopulation ofthe country (d) Cross National Income' Number of population of the country (16) tjt.tl r{lqla gLdallr.rL- u{cr +r'luq}L 34i 4{rll+diq ?y 3le ? (a) d.a)'r. Id*L O) 6?Rq RrR t{Iz? l,Ii. (d) d.i,h. {Iei (c) tt? who has first introduced the concept ofmarginal efficiency ofcapilal ? (a) J.M. Keynes (b) Irving Fisher (d) J.S. Mill (c) Peter F. Drucker (17) ltst{ft-{I q[i{ut r,tt? {]s{l qg sat Uri ,{? ,{Jl edl ? (a) +uli{c{td[ l{tl tdt.{r€'l (c) ha qe{ria-tL hti (d) +ruYqrdl hrl hi 0) Which were the countries most advers€ly' affected by the great depression (a) Communist (b) Capitalistic countries ' Socialist countries Courfties with mixal economy (d) (b) A"s + (d) APS x I (r9) %l l,tr.{J-{I cJqcl qtul l,r}lrr-r r'l l qd eI,{ dl qq?r{rtRr }{I ri (b) qa{q (a) ults'l q{Ll (d) Rqr (c) (18) (c) AIC_? (a) APS I (c) I APS countries 1 t} r How is the propensityto consume ifdistribution of income is more equal (a) Decrease (b) Medium (c) Increase (20) !6-rl arqar Ukts "ceneral ? (d) ? Stable Theoqy''Hrl nFt.d crqL*rl 4t{e Z (a) d.{. r 932 O) 6.{. re43 (d) r5.+1. 1929 (c) 6.ir. 1936 . When did the book "General Theory'' written by Ke)'nes published ? (b) In 1943 (a) In 1932 (d) In 1929 (c) ln 1936 001-001404 3 P.T.O. Rouet - 2/Sectior-2 : (1) di5 !rr-r.[ tBr rr?}tt .t{]. {lr-u : lnstruction (2) AII questions marks are not equal. %{q[ qrg-ri ds t$ €erli d. Right side figure shows the total marks ofthe question. 2. 14 ?rr?r'ri,r {zcl I .1'1 -tdl n+i qr'lqqi zcr.t. What is an aggregate demand ? Examine the factoB affecting the aggregate { demand ? 10 qq.{,/oR er${ qrqs{l }ier%i.{l 6qrl[iLdL ze[ql. Importance of estimates of National Income. 3. trq ql. lqrs.ri qlJrdrcl 3{ d Explain the concept ofmultiplier ? What are the tcri-rl blrter t0 ? leakages ofmultiplier ? r,tq.tvOR e[rdrti r,t|q3.ri -[I?u .!Ddt?.ti 3nq rc[ql. The causes oflow growth late ofNational Income in India. {h 4. (a) as'dlt er,,i : Orq a di) 8 Shon note : (Any one) :r[.rqth ded {i r rt What is Acceleralion ? r (2) q\rlfl1Rri (b) r,r ? 3?di q?'l6tql Factors affecting the propensity to consume Rt. q C1ql : (rrq a dt, Short note : (Any one) { | , ?tvlq ouq3li lq[qq u{rdi Discuss the various concepts ofNational Income. (2) tjt-{] i{Iqia &,[a't.tL.i r{l 6?di qflqq) Factors affecting the marginal efficiency ofcapital. 5. 6t A tl) Short answers : (Any two) (1) ?rqtq r{rq3.rl uir,r%I.{l r:rl€rr,rl Leakages of estimates of National Income (2) d{%-ti e4rdr f.i{q- nr,cld The Abstilence Theory of Interest (3) 1JI.{I dlqid sr,{qrqaL Jrcr .llrhl r,i6itr Explain the relationship betwe€n Marginal efliciency of capital and investrhent. 1+) +utLet [+tI+ Consumption function asl elu : (ct{ }ti tJI 001-001404 4 l1