LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com DEGREE EXAMINATION – COMMERCE

AT 33

FIFTH SEMESTER – NOV 2006

C 532 – ADVANCED CURRENCY

 

 

Date & Time : 02-11-2006/1.00-4.00   Dept. No.                                                       Max. : 100 Marks

 

 

 

     PART – A                                                 (8 x 3 = 24 marks)

 

Answer ALL questions.  Each answer should not exceed 50 words.  Each question carries 3 marks.

 

1. Why is money so important in a capitalistic economy?
2. Distinguish between transaction demand and asset demand for money?
3. Explain speculated demand for money.
4. State the objectives of exchange management and control.
5. State the objectives of I.M.F
6. Briefly explain the working of gold standard.
7. What are the advantages having a fixed rate of exchange?
8. Explain the consequences of the inflation.

 

PART – B                              (5 x 8 = 40 marks)

Answer any FIVE questions.  Each answer should not exceed one page.  Each question          carries 8 marks.

 

9. Explain the characteristics of the special drawing rights of I.M.F.
10. Explain the stages of a trade cycle.
11. How will you control inflation in a country?
12. Explain the merits and demerits of the gold standard.
13. Explain the factors that affect the propensity to consume.
14. Explain the difference kinds of saving. How will you calculate the average propensity to save and the marginal propensity to save
15. What role does money play in a socialistic country?

 

PART – C                                          (2 x 18 = 36 marks)

 

Answer any TWO questions.  Each answer should not exceed four pages.  Each question      carries 18 marks.

 

1. How is the income theory better than the quantity theory?
2. Explain the purchasing power parity theory of exchange.
3. Explain the theories of trade cycles.

 

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