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Posted By: lalitha rajappa Member Level: Diamond Posted Date: 24 Jun 2008
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2005 University of Delhi B.Com Macro-Economics Analysis and Policy Regular Question Paper Year 2005 : IInd Year University Question paper
SECTION ‘A’
Q. 1. What do you mean by effective demand ? Explain determinates of effective demand.
Q. 2. Define and explain marginal efficiency of capital. Explain determinants of investment according to Keynesian approach.
Q. 3. Critically examine Fisher’s Quantity Theory of money. 15
Q. 4. Discuss the application of Keynesian Theory of employment in underdeveloped countries.
15
Q. 5. Distinguish between :
(i) Cost Push and Demand Pull inflation;
(ii) Inflationary and Deflationary gap.
SECTION B’
Q. 6. What is meant by Fiscal Policy ? Explain the objectives of Fiscal Policy in a country like India.
Q. 7. What is the need of credit control ? Explain qualitative methods of credit control. 5, 10
Q. 8. Explain the relative role of direct and indirect taxes in India. Why do countries like India rely more on indirect taxes?
10,5
Q. 9. Explain the factors responsible for rise in public expenditure in India. Is this increase desirable ? 10, 5
Q. 10. Write short notes on :
(a) Balance Sheet of a commercial bank;
(b) The role of Finance Commissions.
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