No.
of Printed Pages : 7 BECC–103
B. A. (HONOURS) ECONOMICS
(BAECH)
Term-End Examination
December, 2024
BECC-103 : INTRODUCTORY MACRO
ECONOMICS
Time : 3 Hours Maximum Marks : 100
Note : Answer questions from all the Sections as per
instructions given.
Section—A
Note : Attempt any two questions from this
Section in about 500 words each. 2×20=40
1. Give a brief description of the instruments
available to the central bank for
implementation of monetary policy.
2. Explain how output and employment are
determined in the classical system.
B–1500/BECC–103 P. T. O.
[2] BECC–103
3. Derive the IS curve. State the factors that
influence the position and slope of the IS curve.
4. Define investment multiplier. What are its
implications ? What are its limitations ?
Section—B
Note : Answer any four questions from this Section
in about 250 words each. 4×12=48
5. Explain the process of credit creation by the
banking system in the country.
6. Explain how national income can be measured
by expenditure method. State the precautions
involved in the expenditure method.
7. Discuss the quantity theory of money. Do the
Cambridge’s approach and Fisher’s approach
mean the same ? What are the differences ?
8. Define inflation. What are its types ?
9. Write a short note on the simple Keynesian
model. Use appropriate diagrams.
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[3] BECC–103
10. Describe the effect of an increase in tax rate on
equilibrium output using appropriate diagram.
11. Bring out the factors that influence the LM
curve.
Section—C
12. Write short notes on any two of the following :
2×6=12
(a) Difference between Nominal GDP and Real
GDP
(b) Output Gap
(c) Balanced Budget Multiplier
(d) Hot money
B–1500/BECC–103 P. T. O.
[4] BECC–103
BECC-103
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B–1500/BECC–103
[5] BECC–103
2- O;k[;k dhft, fd Dykfldh; iz.kkyh esa mRiknu vkSj
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dh O;k[;k dhft,A
B–1500/BECC–103 P. T. O.
[6] BECC–103
6- Li"V dhft, fd O;; fof/ }kjk jk"Vªh; vk; dh
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o`f¼ ds larqyu mRiknu ij iM+us okys izHkko dk
o.kZu dhft,A
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B–1500/BECC–103
[7] BECC–103
Hkkx&x
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(v) ekSfnzd GDP vkSj okLrfod GDP esa vUrj
(c) mRiknu varjky
(l) larqfyr ctV xq.kd
(n) gkWV euh
×××××××
B–1500/BECC–103
