LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034.

B.B.A / B.A. corporate – DEGREE EXAMINATION

FourTH SEMESTER – APRIL 2003

EC 4204 / ECO 204  –  GENERAL ECONOMICS

 

29.04.2003

9.00 – 12.00                                                                                                     Max : 100 Marks

                                                                PART – A                                         (5´ 4=20 marks)

      Answer any FIVE questions in about 75 words each.

 

1. Write a short note on Indifference curve.
2. What is production function?
3. Distinguish between Gross National Product and Net National Product.
4. What is meant by Average Propensity to Consume?
5. What is meant by Open market operation?
6. Explain the term ‘Liquidity Trap’.
7. What is meant by Deficit financing?

 

 

                                                                PART – B                                       (4´ 10=40 marks)

      Answer any FOUR questions in about 250 words each.

 

8. What is meant by by Division of Labour? What are the advantages and Disadvantages of Division of Labour?
9. Explain the Ricardian theory of Rent.
10. Explain the objective factors influencing the level of consumption expenditure.
11. State and explain the Concept Marginal Efficiency of Capital.
12. Explain the factors affecting supply of money.
13. Explain the various types of qualitative credit control weapons.
14. Define budget and explain various types of budget.

 

 

                                                               PART – C                                         (2´20=40 marks)

Answer any TWO questions in about 900 words.

 

15. Explain the Law of Variable Proportion.
16. Explain the Keynesian theory of Income and Employment.
17. How do banks create credit? What are the limitations on the power of banks to create credit?

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