Paper ID [BB202] BBA (Sem. - 2nd) MACRO ECONOMICS (BB - 202)

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Total No. of Questions : 07]                                                                               [Total No. of Pages : 02

Paper ID [BB202]

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BBA (Sem. - 2^nd) MACRO ECONOMICS (BB - 202)

Time : 03 Hours                                                                                                            Maximum Marks : 60

Instruction to Candidates:

1)            Section - A is Compulsory.

2)            Attempt any Four questions from Section - B.

Section - A

Ql)                                                                                                                                                                  (10x2 = 20)

a)         Differentiate between partial and general equilibrium.

b)        Define GDP and NDP.

c)         What is the basic assumptions of classical theory of employment?

d)         What is the importance of consumption function?

e)         What is Autonomous Investment?

f)          What are the determinants of marginal efficiency of capital?

g)         What are the leakages from the multiplier?

h)      Define Inflation.

i)      What are the objectives of fiscal policy?
j)      Define money.

Section - B

Q2)  Define circular flow of income. Explain circular flow of income in a three sector economy.

Q3)     Explain Say's Law of Market. What are its implications?

Q4)     What is Effective Demand? How does it determine the level of employment?

Q5)     Explain liquidity preference theory of rate of interest.

Q6)     Define multiplier, what is its relevance in the developing countries?

Q 7)    Examine the role of monetary policy to control inflation.