Economic Foundations of Business Previous Papers

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First Semester

Economic Foundations for Business Environment - November 2002

Time: Three Hours Maximum: 100 marks

Answer ALL questions Use of calculator and statistical tables is permitted.

PART A - (10 x 2 = 20 marks)

1. What is investment multiplier?

2. What is gross Domestic product at Factor Cost?

3. What are the determinants of aggregate consumption?

4. What are the objectives of Indian Fiscal Policy?

5. What is accelerator?

6. What are the quantitative instruments of monetary policy?

7. What is speculative demand for money?

8. What is inflation?

9. Define Short-run Phillips curve.

10. What are the major salient features of the latest trade policy of India?

PART B - (5 x 16 = 80 marks)

11. Using Aggregate demand and supply framework, examine current economic conditions of

the Indian Economy.

12.

1. The following data characterizes the macro economic conditions of a hypotheticaleconomy:

C = 50 + 0.80Y subcript dI = 50

T = 0

Where C, I T and Y subscript d represent consumption, investment, taxes and

disposable income respectively. Calculate equilibrium income of the economy. If


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the economy is to grow at 10% per annum, what strategies do you suggest? Explain

them in detail.

2. What are the different phases of business cycle? Explain business cycle usingmultiplier accelerator model.

13.

1. What are the features of financial sector reform in India? What are the impacts ofsuch reform on the economy?

Or

2. How are monetary policy instruments being used in India to achieve economic

objectives? Critically analyze.14.

1. Examine the trend in overall price level in India during the period since 1991.

Explain using macro economic models.

Or

2. Discuss the trend in employment growth in the private and pubic sectors of theeconomy. Examine oor elasticity of employment. How do we overcome it?

15.

1. An economy is characterised by the following equations:

C(consumption) = 60 + 0.9Y subscript d

I(investment) = 10G(government expenditure) = 10

T(taxes) = 0

X(exports) = 20M(imports) = 10 + 0.05Y

What is the equilibrium income? Examine the trade balance. If you wnat to balance

your trade account, what strategies do you suggest? Explain.

Or

2. What are the instruments of trade policy? What are the objectives of trade policy?

How do we use the instruments to achieve our objectives?

First Semester

Economic Foundations for Business Environment - April 2003



PART A - (10 x 2 = 20 marks)


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1. What are the objectives of nineth five year planning?

2. Distinguish balance of payment and balance of trade.

3. What is the relatonship between marginal propensity to save and income?

4. What is the pattern of Indian tax structure?

5. Define political business cycle.

6. What are the objectives of indian monetary policy?

7. What is money-supply multiplier?

8. What are the causes of unemployment?

9. What is demand-pull inflation?

10. What is trade multiplier?

PART B - (5 x 16 = 80 marks)

11. Critically evaluate indian economic performance during the reform period.12.

1. The following equations represents the condition of an economy:

C(consumption) = 60 +0.75Y subscript d (disposable income)

I(Investment) = 40G(Government expenditure) = 20

T(Taxes) = 0

What is the equilibrium income? If the government wants to have balance budget,how much tax does it propose to impose? What is the impact of such policy on

national income? What strategies do you suggest to overcome this? How?

Or

2. Examine the role of fiscal policy in India. What are the impacts of fiscal policy onthe Indian economy?

13.

1. What are the monetary instruments? Using monetarist approach, explain how

monetary instruments can be used to achieve economic objectives?

Or


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2. What are the determinants of aggregate demand and supply? How do changes in

them affect national income? Discuss.

14.1. What are the supply constraints? What is the impact of unemployment on the

economy? What policy intiatives do we have to overcome unemployment?

Or

2. Why does inflation occur? Using demand and suppy related factors, explaininflation in India.

15.

1. What are the features of the latest trade policy of India? What impacts does it haveon the external economy of India?

Or

2. Explain the trend in Balance of Payment(BOP) situation in India since 1991 andaccount for the changes.

First Semester

Economic Foundations of Business Environment - December 2003



PART A - (10 x 2 = 20 marks)

1. What is inflation?

2. What is Planning?

3. What are the causes of unemployment?

4. What is Business cycle?

5. What is Money?

6. Wht is international trade?

7. What is Policy?

8. What is Supply?

9. What is Economics?


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10. What is circular flow of Income?

PART B - (5 x 16 = 80 marks)

11. Explain the importance of National Income estimation12.

1. Explain different stages of Business cycle

Or

2. Explain Monetary theory.

13.1. What is the impact of unemployment on the economy?

Or

2. What are the causes of inflation?

14.1. Explain the need for International trade.

Or

2. What is the importance of economic planning?

15.

1. Explain the Macro economics?

Or

2. Explain Balance of Trade and Payment.

First Semester

Economic Foundations for Business Environment - May 2004


Answer ALL questions Use of calculator and statistical tables is permitted.PART A - (10 x 2 = 20 marks) Write short notes for the following questions:

1. Define deflation.

2. What is Gross National Product?


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3. Define recession.

4. How do you estimate National income by Net output method?

5. What is mean by CRR?

6. How does RBI operate in open market?

7. What is Employment assurance scheme?

8. What is the scope of Crash programme for rural employment?

9. What is the need for FTZs?

10. What is meant by TRIPS?

PART B - (5 x 16 = 80 marks)

11. Evaluate the performance of Indian Economy in External sector? Describe the salientfeatures of Indian foreign trade policy.

12.

1. Discuss the directions of India's economic planning. Explain the progress of internalsectors.

Or

2. Enumerate the components of Balance of Payment. Describe how foreign exchangerate affects the BOP.

13.1. What are the different stages of Business Cycle? Discuss the expreiences of

business cycles in the Indian context.

Or

2. What are the new dimensions of Indian fiscal policy?What are the key acceleratorsof a national economy? Explain.

14.

1. Illustrate the demand and supply of money. What is the equilibrium level of moneymarket. Discuss in detail.

Or

2. What are the important features of Monetary policy introduced by RBI? Examine

critically the entry of Foreign banks in India.

15.


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1. What are the causes of unemployment? Discuss how you interrelate unemployment

and inflation.

Or

2. Explain employment oriented growth strategies. How do you eradicateunemployment?

First Semester

Economic Foundations for Business Environment - January 2005



PART A - (10 x 2 = 20 marks)

1. What is ' sustainable development'?

2. what is the significance of economic planning/

3. what is 'reverse multiplier'?

4. What is the role of Fiscal policy?

5. What is meant by speculation demand for money?

6. What is money market equilibrium?

7. Mention a few causes of inflation.

8. What is employment elasticity?

9. What is 'gain' in international trade?

10. Define trade multiplier.

PART B - (5 x 16 = 80 marks)

11.

1. Discuss a four-sector model to describe about the functioning of an economy.

2. Consider a few macro economic aggregates. How these aggregates would be usedto analyse the performance of an economy?

12.


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1. Discuss different approaches to measure national income. What are the limitations

of the estimation?

Or

2. What are the characteristics of business cycle? How Fiscal poilcy could be used tomanage business cycle?

13.

1. What is consumption function? What are the determinants of consumption? Howwould changes in these determinants affect consumption?

Or

2. What is money market? How would changes in market affect national income?

Explain

14.

1. What is inflation? Explain the trade-off between inflation and unemployment?

Or

2. Critically examine the impact of economic poilicy in India since 1991.

15.1. Explain the causes for globalization of business.

Or

2. How would international trade determine the national income? Explain using

'linkage model'.

First Semester

Economic Foundations for Business Environment - December 2005



PART A - (10 x 2 = 20 marks)

1. How is national income measured?

2. Define inflation.

3. What is the indication of broad money?

4. What is recession?


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5. What is an aggregate demand?

6. How does commodity market operate?

7. What is meant by restrictive trade practice?

8. What is the guideline for a linkage model?

9. How is the change in interest rate decided?

10. What is the indicator for growth of national economy?

PART B - (5 x 16 = 80 marks)

11.

1. What are the different stages of a business cycle?2. Critically examine the factors that determine the short term and long term pattern in

each phase of business cycle.12.

1. What is the soundness of the good monetary policy? What are the different centers

of power to draft monetary policy?2. Examine the state of supply and demand of different forms of money. How is the

equilibrium state observed in monetary terms?

13.1. How is the estimate of national income implemented? Compare the outcome of the

national income estimate based on various approaches.

Or

2. Compare the present state of private and public employment. How does theoretical

explanation vary with private and public employment?14.

1. How is the financial flow of commodity market regulated? Compare and contrast

various forms of finanacial instruments used in the commodity market.

Or

2. What are the ways and means of capital formation? Briefly discuss about the moneymarket in Indian perspective.

15.1. How does the international trade differ from domestic trade? What are the different

segments of external sector?

Or


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2. Discuss about the trade pattern of any two important sectors in the international

trade in all the four quarters in a year.

First Semester

Economic Foundations for Business Environment - January 2006Time: Three Hours Maximum: 100 marks


PART A - (10 x 2 = 20 marks)

1. What are the constituents of current account in the balance of payment?

2. What is the exchange rate of Euro in European countries?

3. How long does depression in business cycle stay?

4. How does Keynesian perspective affect estimation of National Income?

5. what is 'money market equilibrium'?

6. Which is the regulatory body of money market?

7. What is 'Forward market'?

8. Which is the financial trading center for agricultural Commodities?

9. What are the key indicators of external sector?

10. What is meant by import dynamics?

PART B - (5 x 16 = 80 marks)

11.

1. How does the demand and supply of money prevail?2. Briefly discuss about the monetary policy in Indian perspective.

12.

1. How does the present economic planning reflect the growth? Examine theimportance of managing macro economic variables.

Or

2. Explain the concept of Balance of payment and the circular flow of income.


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13.

1. Enumerate the role of Indian fiscal policy and experiences in the growth of nation.

Or

2. Examine the pattern of business cycle in both pre and post liberalization era.14.

1. Discuss about inflation and unemployment prblem in India.

Or

2. Describe the structure and regulation of commodity market with Indian experiences.15.

1. What are the linkage models of international trade? What are causes of setback in

the performance of external sectors in Indian economy?

Or

2. How do the international trade regions associate in terms of trade policy? Discussabout any two regions of international importance.

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