Macroeconomics Question Paper 2022 [Dibrugarh University B.Com 2nd Sem Hons CBCS Pattern]

Dibrugarh University B.Com 2^nd Sem Question Papers
2 SEM TDC GE (CBCS) GE 202 (BL)
Macro Economics Question Paper 2022 (June/July)
COMMERCE (Generic Elective)
Paper: GE-202 (Macroeconomics)
Full Marks: 80
Pass Marks: 32
Time: 3 hours

The figures in the margin indicate full marks for the questions

1. Answer the following as directed: 1x8=8

(a) State any subject matter of macroeconomics.

(b) Write the meaning of effective demand.

(d) “Inflation is a monetary phenomenon.” Who said?

(e) GNP_MP = ____?___ = GDP_MP (Fill in the blank)

(f) Mention any one method of anti-inflationary fiscal measure.

(g) In an open economy, Y = C + I + G + ___?____. (Fill in the blank)

(h) Write the definition of cash reserve ratio (CRR).

2. Write short notes on any three of the following (within 150 words each): 4x3=12

(a) Static macroeconomic analysis.

(b) Role of monetary policy.

(d) Exchange rate.

(e) Demand for real balances.

(f) Open economy versus closed economy.

3. Write about the components of aggregate expenditure. Discuss the long-run equilibrium using aggregate demand and aggregate supply. 6+6=12

What are the IS and LM curves? How are these curves derived? Write about the factors that cause shift in the IS and LM curves. 4+4+4=12

4. Discuss about the Keynesian view regarding the effectiveness of monetary and fiscal policy. Point out your views in favour of expansionary fiscal policy. 8+4=12

Define monetary and fiscal policy. Write about the instruments of monetary control of a country. 6+6=12

5. Define inflation. Point out two main causes of inflation. Explain different measures used for controlling inflation. 3+4+5=12

Explain the trade-off between inflation and unemployment with the help of Phillips’ curve. Elaborate how expected inflation causes a shift in the short-run Phillips’ curve. 6+6=12

6. Define open economy. Discuss the impact of foreign trade on national income of an open economy. 4+8=12

Distinguish between fixed and flexible exchange rate systems. Discuss the causes of fluctuations in the exchange rate. 6+6=12

7. Define private investment and write about different determinants of it. Suggest the measures to stimulate private investment. 6+6=12

Give the definitions of demand for and supply of money. Explain the Keynesian theory of interest with the help of demand for and supply of money. 4+8=12

Also Read:

MacroEconomics Important Questions with Notes for Upcoming Exams

Macro Economics Syllabus

- Macroeconomics Question Paper 2021

- Macroeconomics Question Paper 2022