Chapter: 1 1. Explain the following concepts a. GNP & NNP b. NIMP & NIFC c. PI & DI 2.

. Elaborate the precautions to be taken while counting National Income in India. 3. Explain the difficulties in estimating National Income of India. 4. Write Note on: a. Wholesale price index b. Consumer price index 5. What is an IS curve? Explain the derivation of IS curve. 6. What is an LM curve? Explain the derivation of LM curve. 7. Explain how simultaneous equilibrium in the good market and money market is determined. (Intersection of IS & LM curve) Chapter: 2 1. Explain the meaning & functions of financial system. 2. Explain the meaning & functions of financial markets. 3. What are the financial intermediaries? Explain the benefits of financial intermediaries to individual investors in the financial system. 4. Write a note on financial intermediaries in India. 5. Write note on - Regulatory system. Chapter: 3 1. 2. 3. 4. What is public revenue? Explain the sources of public revenue. Explain the meaning & classification of public expenditure. Explain the meaning of public debt & illustrates its types. Write short notes on: a. Components of Budget b. Fiscal Deficit c. FRBM Act 2003 What are the objectives of Fiscal Policy? Comment on "fiscal policy as an instrument to stabilize the economy". Explain the limitations of fiscal policy. Illustrate the classification of financial market

5. 6. 7. 8.

Chapter: 4 1. Define the term Balance of Payments & explain the usefulness of the concept of Balance of payments. 2. Distinguish between Current & Capital Account Balance. 3. Explain types of disequilibrium in the balance of payment. 4. "The balance of payment always balances". Explain 5. Explain the causes of disequilibrium. 6. Explain the concepts on: Deflation, Exchange Depreciation Devaluation Exchange control 7. Draw balance of payment account.