Dibrugarh University B. Com 2nd Sem
Question Papers
Macroeconomics Question Paper
2023 (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 questions: 1×8=8
(a) Mention one use of macroeconomics.
(b) Write one determinant of effective demand.
(c) What is the difference between gross domestic
product (GDP) and gross national product (GNP)?
(d) Mention one factor causing shift in the LM
curve.
(e) Write the name of one instrument of monetary
control.
(f) Write the name of one index of measuring
inflation.
(g) What is natural rate of unemployment?
(h) Give one example of risky investment.
2. Write short notes on any three of the
following (within 150 words each): 4×3=12
(a) Circular flow of income in a two-sector economy
(b) National income as an indicator of economic
development
(c) Fixed exchange rate vs. Flexible exchange rate
(d) Determinants of business fixed investment
(e) Fiscal policy constraints
3. (a) Define national income. Give a detailed description of different methods of measuring national income. 3+9=12
Or
(b) Write the determinants of aggregate demand and
aggregate supply. Discuss with the help of diagram, short-run and long-run
equilibrium in terms of aggregate demand and aggregate supply.
4. (a) What do the IS and LM curves indicate?
Discuss about the equilibrium of the goods and money market with the help of IS
and LM curves. 4+8=12
Or
(b) Point out the differences between monetary
policy and fiscal policy. Which of these policies do you think more appropriate
in controlling inflation and depressionary situation of an economy? 5+7=12
5. (a) Define demand-pull inflation and cost-push
inflation. Discuss about the effects of inflation on production and
distribution of an economy. 4+8=12
Or
(b) Critically examine the theory of Phillip's
curve along with its policy implications. 8+4=12
6. (a) Distinguish between closed economy and open
economy. Write the components of national income in an open economy. Can you
think of a closed economy at present economic scenario? 4+7+1=12
Or
(b) Define the concept of exchange rate. Explain
the balance of payments theory of exchange rate determination with the help of
diagram. 4+8=12
7.(a) What is investment? Discuss about different
classifications of investment. 4+8=12
Or
(b) Write about the importance of investment in the
economy of a country. Discuss various measures to stimulate private
investment. 4+8=12
Also Read:
MacroEconomics Important Questions with Notes for Upcoming Exams
- Macroeconomics Question Paper 2021
- Macroeconomics Question Paper 2022
- Macroeconomics Question Paper 2023
- Macroeconomics Question Paper 2024
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