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Model Test Paper 2012 B.A. Part-III (Economics-I) Macro Economics Short Answer Type Questions. Q.1 Q.

2 Q.3 Q.4 Q.5 Q.6 Q.7 Q.8 Q.9 Macro Economic Analysis. Concept of Accelerator. Says Law. Functions of Central Bank. Keynesian Quantity Theory of Money. Value of Money and its changes. Multiple credit creation. Effective demand. Investment Multiplier.

Q.10 Inflation. Q.11 Phillips curve. Q.12 Difference between gross domestic product and gross national product. Q.13 Difference between personal income and personal disposable income. Q.14 Recent monetary policy. Q.15 Institutional credit for industrial development. Q.16 Marginal Efficiency of Capital.

Essay Type Question Q.1 Q.2 Q.3 Critically discuss the Cambridge equation of the quantity theory of money What is money inflation? What are its results? Explain different measure to control it. Represent the complete classical model of employment and income with the help of functions and graphs. What are major conclusions of this mode.? Q.4 Q.5 Q.6 What is Trade Cycle? What are its causes? Suggest remedies to control it. Describe the functions of Central Bank in the contest of the Reserve Bank of India. If the multiplier and accelerator interact there is an inherent cyclical tendency in the economy. In the light of this statement discuss Hicksian theory of business cycles. Q.7 Q.8 Discuss the nature and importance of Macro-economics. Explain the concept of Gross National Product (GNP) and Gross Domestic Product (GDP). What are the difficulties in measurement of National Income? Q.9 Money is an unmixed blessing. Discuss and explain the role of money in the modern society.

Q.10 Discuss Keynesian Theory of Employment and point out its limitations.

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