Macro Economics

St. Joseph’s College of Commerce B.B.M. 2013 II Sem Macro Economics Question Paper PDF Download

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St. Joseph’s College of Commerce (Autonomous)

End Semester ExamINATION – APRIL 2013

BBM  – II Semester

Macro Economics

Time: 3 Hours                                                                                                 Max Marks: 100

 

Section – A

  1. Answer all the questions.                        (10X2=20)

 

  1. What are economic systems?
  2. What is a trade cycle?
  3. What is inflation?
  4. Expand FII.
  5. What is Bank rate?
  6. Define population.
  7. Define national income.
  8. What is exchange rate?
  9. What is liquidity?
  10. What is K-economy?

Section – B

  1. Answer any FOUR                (4X5=20)

 

  1. What are the features of capitalism?
  2. Explain the depression phase.
  3. What are the objectives of monetary policy?
  4. What are the three major issues of the international monetary system?
  5. Does population growth have any effects? Explain.
  6. How is FDI different from FII?

Section – C

  • Answer any THREE          (3×15=45)
  1. Keeping in mind the Indian economy, how could unemployment be defined? What could be the various types of unemployment?
  2. Explain the qualitative and quantitative tools of the central bank.
  3. How is demand-pull inflation different from cost-push inflation? Explain diagrammatically.
  4. What is a developing economy, and how does K-Economy have an impact on developing economies?
  5. Do business cycles have an effect on countries? If yes, how are the governing bodies controlling business cycles.

P.T.O………….

Section – D

  1. Compulsory Case Study:        (15 marks)

 

St. Joseph’s College of Commerce B.B.M. 2014 II Sem Macro Economics Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION –  APRIL 2014

BBM – II SEMESTER

MACRO ECONOMICS

Duration: 3 Hours                                                                                             Max. Marks: 100

SECTION – A

  1. Answer ALL the following questions. Each carries 2 marks.                 (10 x2 = 20)

 

  1. What is meant by disguised unemployment?
  2. Define National income.
  3. What is meant by Economic growth?
  4. Give the meaning of human development index.
  5. Explain any two characteristics of direct taxes.
  6. State any two features of mixed economy.
  7. What is meant by a Budget?
  8. Give an example of direct and indirect tax.
  9. Give the meaning of the term life expectancy.
  10. What is meant by devaluation of a currency?

 

SECTION – B

  1. Answer any FOUR Each carries 5 marks.                                  (4 x 5 = 20)

 

  1. Elaborate on the main features of
  2. Explain the various methods followed to calculate the National Income.
  3. What is poverty? Explain its demerits.
  4. State the difference between the fixed and floating exchange rate.
  5. Differentiate between Personal Income & Per Capital Income.
  6. What are the measures that have to be devised to raise the rate of savings?

SECTION – C

  • Answer any THREE Each carries 15 marks                          (3x 15 = 45)

 

  1. What is Monetary Policy? State the various quantitative methods of credit control?
  2. Explain the main causes and measures to control over population in India.
  3. What is meant by a Business Cycle? State the various characteristics of the different phases of business cycles.
  4. Explain any two instruments of the fiscal policy in brief.
  5. State the main features of a knowledge economy. Is knowledge economy the need of todays world.   State 3 opinions which are for it and against it.

 

SECTION – D

  1. Compulsory Question – Case study                                               (1 x 15 = 15)

22.

The following is the National Income accounting of Swaziland’s economy for the year 2012-13.  The revenue obtained from the primary sector was 5000 crores, from secondary sector was 5700 crores and from the service it was a bountiful 350000 crores.  In the calculation of the secondary sector income during the mid year assessment, they found that raw material to the tune of 500 crores was added to the final  accounts, which actually had to become a finished product for the year 2014.    Then calculated, In calculation of secondary sector accountant they also found the depreciation was larger than that in the year 2011.   The government brought in various measures to promote the exports during the period 2012 -13 which was intended to continue for the next five years period.  They decided that 65percent of returns from primary sector, 50% from the secondary and 75% of the returns from the service sector, they will export to foreign countries there by leading to increase in the foreign exchange for the country as well leading to an increase in the GNP.

 

Questions:

  1. Keeping the above case study, explain how National income is calculated?
  2. What is double counting? How can it be prevented (In the context of the above case)
  3. State the difference between GNP and GDP.

 

                                               

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St Josephs College of Commerce

 

Time 3 hours            I  BBM(Semester II)            Macro Economics

Section A

Answer the following questions.  All questions are compulsory                  2 x10 =20

  1. What is meant by disguised unemployment
  2. State the meaning of National income
  3. What is meant by Economic growth
  4. Give the meaning of human development index
  5. Explain any two characteristics of direct taxes
  6. State any features of mixed economy
  7. Explain the meaning of a Budget
  8. Give an example of direct and indirect tax
  9. Give the meaning of the term life expectancy.
  10. What is meant by devaluation of a currency?

 

Section B

 

Answer any four of the following questions in 15 to 20 sentences                           5 x 4 =20

  1. State the main features of a socialism
  2. Explain the various methods followed to calculate the National Income
  3. Explain the main features and demerits of poverty
  4. State the difference between the fixed and floating exchange rate
  5. State the merits and demerits of capitalism

 

Section C

 

Answer any three of the following questions                                                   15 x 3 =45

 

  1. What is Monetary Policy state the various quantitative methods of credit control.
  2. Explain the main causes and control of over population
  3. Explain the characteristics of the business cycle and measures to control them.
  4. Explain any two instruments of the fiscal policy in brief.
  5. State the main features of a knowledge economy. Is knowledge economy the need of todays world state 3 opinions which are for it and against it.

 

Section D

The following is the National Income accounting of Swaziland’s economy for the year 2012-13.  The revenue obtained from the primary sector was 5000 croores, from secondary sector was 5700 crores and from the service it was a bountiful 350000 crores.  In the calculation of the secondary sector income during the mid year assessment, they found that raw material to the tune of 500 crores was added to the final  accounts , which actually had to become a finished product for the year 2014.    Then calaculated, In calculation of secondary sector accountant they also found the depreciation was larger than that in the year 2011.   The government brought in various measures to promote the exports during the period 2012 -13 which was intended to continue for the next five years period.  They decided that 65percent of returns from primary sector, 50% from the secondary and 75% of the returns from the service sector, they will export to foreign countries there by leading to increase in the foreign exchange for the country as well leading to an increase in the GNP .

1.Keeping the above case study, explain how National income is calculated?

2.What is double counting?  How can it be prevented(In the context of the above case)

3.State the difference between GNP and GDP.

 

 


 

Answer Scheme

I BBM Macro Economics

  1. What is meant by disguised unemployment

Refers to a unemployment situation where people are rendered partially enemployed for most time of the year

  1. State the meaning of National income

Aggregate value of goods ands service produced in the country during a year.  It takes into account the final value of goods and services

  1. What is meant by Economic growth

The economic growth of all three sectors of a economic system which grows in terms of the GDP is refered to as economic growth

  1. Give the meaning of human development index

Development of a country which indicates the level of development its citizens achieve in terms of education, health and livelihood

  1. Explain any two characteristics of direct taxes

They are direct in nature ,

They are one time payment

They are progressive in nature

Cannot be evaded

 

  1. State any features of mixedeconomy

The govt has a active role in price fixation at times

Working of both public and private sector

  1. Explain the meaning of a Budget

Fianancial statement which indicates the head of revenue and heads of expenditure for a particular fianancial year

  1. State two example of indirect tax

VAT, customs duty, sales tax

  1. Give the meaning of the term life expectancy.

It is a terms which explains the average expectancy of life of a human being at birth

  1. What is meant by devaluation of a currency?

The forceful decrease in the value of a particular country’s current to tied over the defict in the balance of payment is devaluation

 

Section B

  1. State the main features of a socialism
  2. Entire production is controlled by the govt

Fluctuation of vagaries of business cycle is less.  Products demanded by the consumers are produced , no private property,  consumer goods production are given more importance than the luxury goods.

  1. Explain the various methods followed to calculate the National Income

There are three methods followed

Product method  the end value of goods produced is taken in to account

Expenditure methos   a method where the expenditure incurred in the form of rent, wages, interest and profit are calculated

Income method it is a method which shows the total income  that the factors of production obtain in the form from land , labour, capital and investment

 

  1. Explain the main features and demerits of poverty

High population, illiteracy, ignorance, poverty , lack of basic necessities

 

Demerits , brings down the economic development

Standard of living decreases , low education , low value system , high rate of corruption

  1. State the difference between the fixed and floating exchange rate

Whan a currency is fixed according to the rate of the US dollr it is termed as fixed exchange rate

Where as the floating exchange rates is when the rate of currency changes due the effect of demand and supply of currency in the market

  1. State the merits and demerits of capitalism

Leads to profitability, increases competition, consumer is given importance better products are produced.

The gap between the rich and the poor increases. The main motive is profit the other values are left, more concentration on profits and goods are high priced where the rich are only able to buy

 

Section C

What is Monetary Policy?state the various quantitative methods of credit control.

Monetary policy is theeconomic policy of the govt to control themovement of money supply in the economic system

Types- 12marks

 

Open market operation refers to buying and selling of securits , bond in the open  market

Bacnk rate policy

Reserve ratio includes cash reserve ratio and statutory reserve ratio where commercial are expected to keep a proportion of their reserves with the centralbank of a country

 

 

 

  1. Explain the main causes and controlof over population(71/2 , 71/2 marks)

Leads to poverty

Increases birth rate

Low std of living

Hamper economic development of the country

More pressure on land

Less income

 

Increase education level, increase income of the people, birth control measures

Development of the country

 

  1. Explain the characteristics of the business cycle and measures to control them.

Meaning  3 marks – the upward and down turn of economic activity is termed as business cycle

12 marks- Wave like movement one phase follows the other affects all sectors and countries.  Adversely affects the producer goods  industry

  1. Explain any two instruments of the fiscal policy in brief.

Meaning 3 marks

Two instruments are public revenue , public expenditure , public debt 6 msrks each

 

  1. State the main features of a knowledge economy. Is knowledge economy the need of todays world state 3 opinions which are for it and against it.

It is more technology driven

More competitive in nature

Leads to faster growth

Increases intellectual power of the manpower of a nation

Features of knowledge economy –  5 marks

Merits and demerits- 10 marks

 

 

 

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

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st. joseph’s college of commerce (autonomous)
END SEMESTER EXAMINATION – MARCH/APRIL 2015
BBm – II Semester
M1 11 204: MACRO ECONOMICS
Duration: 3 Hours                                                                                          Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                     (10×2=20)
  1. What do you mean by Centrally Planned Economy?
  2. Complete the following equations:

  1. GNPMP   = GDPMP +___________
  2. NDPMP = GDPMP  – __________
  3. Giving reasons, classify the following into intermediate and final goods :

(i)Machines purchased by a dealer of machines.

(ii)A car purchased by a household
  4. What do you understand by Hyper Inflation?
  5. Give two examples of Transfer payment.
  6. Mention the difference between FDI and FII.
  7. Briefly explain K-Economy.
  8. What do you mean by Human Development Index?
  9. Define National Income.
  10. Who is considered as normal resident?
 

SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                  (4×5=20)
  11. Describe the various phases of a Business Cycle with the help of a diagram.
  12. What do you understand by inflation? Give its causes and effects on different sections of society.
  13. Define socialism and enumerate the features of socialistic economy.
  14. Explain the procedure for receiving Foreign Direct Investment in an Indian company.
  15. Discuss the difficulties in the estimation of National income.
  16. What do you mean by capital formation?  Explain the various reasons for low rate of capital formation in India.
 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                              (3×15=45)                                                                                                 
  17. “Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Economically, when such freedom is applied to the sphere of production its result is the free-market”.

Throw light on this statement and analyse the features, merits and defects of such an economic system?
  18. What are the monetary measures of controlling inflation? Are the fiscal or monetary measures effective in controlling inflation?

 
  19. “FDI in multi brand retail will harm small shopkeepers, adversely affect domestic manufacturing sector and create joblessness “-To what extent do you agree or disagree with this statement? Elaborate on the pros and cons of FDI in India?

 
  20. Explain clearly any two method of estimating national income of a country.

 
  21. What are the different types of unemployment and explain the various remedial measures undertaken to reduce unemployment?
 

SECTION – D
IV) Case Study                                                                                                            (1×15=15)                                                                                          
  22. In the year 2014, a Country’s  Factor income from NDP occurring to Private sector is 500. (Rs. in Crores)

(i)Income from property and entrepreneurship accuring to the Govt. administrative Department is 100

(ii) Saving of non-departmental enterprises 80

(iii) Corporation tax 30

(iv) Saving of Pvt. Corporate sector 65

(v) Direct taxes paid by house hold 20

(vi) Current transfers from Govt. Administrative departments 30

(vii) Factor income from abroad 5

(viii) Operating surplus 150

(ix) Factor income to abroad 15

From the following data calculate:

(a) Private income

(b) Personal income

(c) Personal disposable income.

 

 

 

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

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REG NO:

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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