Download Question Paper of "Macro Economics 2 B.Com" , Question Paper of B.Com 2nd Semester, Subject Code : BCOP-202, Paper ID B1118, Paper 2

Roll No....................

Total No. of Questions: 07

B.COM (pro) (Sem.-2nd)

MACRO ECONOMICS

Subject Code: BCOP-202

Paper ID: [B1118]

Time: 3 Hrs.

INSTRUCTIONS TO CANDIDATE:

1.     SECTION –A is compulsory.

2.     Attempt any four questions from Section -B

Section –A

1.     Write short notes on :

a.     Define the term’ involuntary unemployment’

b.     Why old age pension is not included in national income?

c.      Define Gross domestic product at market price (GDP)_MP.

d.     What is the meaning of Average propensity to consume?

e.      Distinguish between induced investment and Autonomous investment.

f.       Define ‘Recession’

g.     How does marginal efficiency of capital affect the level of investment?

h.     What are the leakages in the working of investment multiplier?

i.       How does open market operations by the central Bank affect the availability of credit ?

j.       What is ‘inflationary gap’?

Section –B

2.     Critically examine Keynesian Theory of Employment.

3.     What is expenditure method of estimation of national income? What precaution should be taken while estimating national income through expenditure method ?

4.     What do you mean by Consumption function? What are the factors that affect consumption function ?

5.     Critically explain the working of multiplier. Is multiplier based on static assumption?

6.     What are trade cycles ? explain Schumpeter’s theory of Trade Cycle.

7.     Explain what is the role of monetary policy in economic development?