ST.

XAVIER’S COLLEGE
KOLKATA
(AUTONOMOUS)

4th SEMESTER EXAMINATION

APRIL - MAY 2015
B.A./B.Sc.
Thursday, May 14, 2015
ECOG2404 12:00 Noon to 03:00 PM
3 hours
ECONOMICS
Full Marks : 75

READ THESE INSTRUCTIONS FIRST:

 Of the questions attempted, the answers to only the first required number of questions (as stipulated
in the question paper) will be evaluated. So please do not attempt extra questions.
 Use fountain pen or ball-point pen of blue or black ink.
 Answer in your own words as far as practicable.
 Do not write anything on the Question paper other than your Roll No.

Answer ANY FIVE questions. [5×15=75 Marks]

At the end of the examination, fasten all your work securely together.
The marks are given in brackets [ ] at the end of each question or part question.

The question paper consists of 2 pages.

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 Of the questions attempted, the answers to only the first required number of
questions (as stipulated in the question paper) will be evaluated.
So, PLEASE DO NOT ATTEMPT EXTRA QUESTIONS.

Answer ANY FIVE questions. [5×15=75Marks]

1. (a) What is money?
(b) How does Fisher’s equation of exchange determine the price level in the
Quantity Theory of money? [5+10]

2. (a) Mention the important functions of the Central Bank of a country.

(b) Show how the commercial banks and the Central Bank can work together and
lead to credit creation in an economy. [5+10]

3. (a) What is inflationary gap?

(b) Distinguish between cost-push and demand-pull inflation. [5+10]

4. Discuss the main causes of income inequality in India. [15]

5. Explain the causes of child labour in India? [15]

6. Discuss the significant structural changes that have taken place in the Indian
economy during the plan period. [15]

7. (a) What is a Trade Union?

(b) How can you explain the weaknesses of the Trade Union movement in India?
(c) How can the movement be strengthened? [2+8+5]

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