St. Joseph’s College of Commerce B.B.A. 2016 II Sem Macro Economics Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.B.A. – II Semester
M1 15AR204 : MACRO ECONOMICS
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Differentiate between macro and micro economics.
  2. What is Knowledge Economy?
  3. Explain Foreign trade induced inflation.
  4. Mention four objective of fiscal policy.
  5. Bretton woods system led to the creation of two international bodies. What are they?
  6. Differentiate between Private income and Personal income.
  7. What do you mean by Life expectancy and Illiteracy.
  8. Explain the term Disposable Personal Income.(DPI)
  9. What is Gold Exchange Standard?
  10. Give the meaning of Gross National Product at Market price.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11.  “Through fiscal policy government, attempts to improve unemployment rates, control inflation, stabilize business cycles and influence interest rates in an effort to control the economy.” What are the tools used by the government to achieve the above mentioned factors
  12. Throw light on the different types of unemployment.
  13 Differentiate between Capitalistic and Socialistic Economy.
  14. Elucidate on the various types of inflation in brief.
  15. From the following calculate National income according to Income Method.

Items Rupees in crores
Wages 10,000
Rent 5000
Interest 400
Dividend 3000
Mixed income 400
Undistributed profits 200
Social security contribution 400
Corporate profit tax 400
Net factor income from abroad 1000
  16. How will the limits on FIIs work in a practical set up?
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Explain the quantitative and qualitative tools adopted by the RBI to control the money supply in the Indian Economy.
  18. Is FDI a Boon or a Bane for our Indian Economy? Justify your answer.
  19. What is a Trade cycle? Explain its phases.
  20. Write a short note on:

a)      Capital formation in India

b)     Population in India
  21. From the following data estimate, a) Personal Income, b) Private income and c) Personal disposable income.

Items Rupees in crores.
National income 1300
Corporate profit tax 15
Direct personal taxes 40
 Saving of private corporate sector 25
Income from property and entrepreneurship accruing to government administrative departments. 35
Current transfers from government administrative departments. 30
National Debt interest 10
Savings of non-departmental public enterprises 5
Current transfers from the rest of the world. 15
 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. Chota Cola VS Palachimalai (Thalakkad, Kerala)

 

Judge, K Balakrishnan Nair looked at himself in the mirror as he buttoned his shirt. He had a feeling of apprehension as today he would announce the verdict of the case he had been working on. He, in his heart, knew that he was delivering a fair verdict. He also knew that this verdict would be challenged in a higher court.

This, in his opinion, was an interesting case. The people of Palachimalai, in thalakkad district of Kerala, had once loved the idea of having an industry in their village. They looked at it as a big boon to their social and economic development. Thus in 1999, the Hindustan Chota-Cola Beverages Private Limited was welcomed with open arms. The village council gave the company a licence to commence business in the year 2000. However as the years rolled on the people of the village began to hate the very sight of the factory. They no longer looked at it as a sign of prosperity but as a sign of destruction of lives.

The plant was huge and this was where the problem started. On a daily basis the plant would consume around 510,000 litres of water. Chota Cola’s got its main water supply by tapping the underground water table through bore/open wells.  In order to create 1 litre of Chota Cola, the plant would use 3.75 litres of water. This meant there was a lot of water wastage. Along with the water waste that was flowing out of the plant there was also solid and semi solid waste that, to the villagers, looked toxic.

The village council had approached the local district court who gave a judgement in favour of Chota Cola. Displeased with this the village council approached the high court with their case.

The Case had now fallen into the hands of Balakrishnan. Before leaving for the High Court, he read his judgement one last time. Still feeling apprehensive, the Judge got into his car.

 

Questions:

 

a.  What situation is Chota Cola in? Why are they in this situation?

b.  In your opinion, who must the verdict favour and why?

c.  Why did the people first like the idea of having an industry in their village and then changed their opinion.

 

 

 

 

 

 

 

 

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