MAEC - 02 - Vardhaman Mahaveer Open University

MAEC - 02

December - Examination 2015 MAEC - P Examination

Economic Theory - II Paper - MAEC - 02

Time : 3 Hours ] [ Max. Marks :- 80

Note: The question paper is divided into three sections A, B and C. Write the answer as per given instructions.

ZmoQ> : ¶h àíZ nÌ A, ~ Ed§ g VrZ IÊS>m| ‘| {d^m{OV h¡& à˶oH$ IÊS> Ho$

{ZX}emZwgma àíZm| Ho$ CÎma Xr{OE&

Section - A 8 x 2 = 16

(Very Short Answer Questions)

Note: Answer all questions. Answer of each question should be given in 30 words. Each question carries 2 marks.

(IÊS> - A) (A{V bKw CÎmar¶ àíZ)

ZmoQ> : g^r àíZm| Ho$ CÎma Xr{OE& à˶oH$ àíZ H$m CÎma

³⁰

eãXm| ‘| Xr{OE&

à˶oH$ àíZ

²

A§H$ H$m h¡&

228

MAEC - 02 / 600 / 4 (1) (P.T.O.)

228

MAEC - 02 / 600 / 4 (2) (Contd.)

1) Give the answer of the following questions:

{ZåZ àíZm| Ho$ CÎma Xr{OE&

(i) Define Gross National Product (GNP).

gH$b amï´>r¶ CËnmX H$mo n[a^m{fV H$s{OE&

(ii) Explain the factor income.

gmYZ Am¶ Ho$ ~mao ‘| ~VmBE&

(iii) What do you mean by four sector model?

MVw-joÌ ‘m°S>b go Amn ³¶m g‘PVo h¢?

(iv) Define over-full employment.

A{VnyU© amoOJma H$mo n[a^m{fV H$s{OE&

(v) Explain the meaning of Marginal Tax Rate.

gr‘mÝV H$a Xa H$m AW© ~VmBE&

(vi) What do you understand by velocity of money?

‘wÐm Ho$ MbZ doJ go AmnH$m ³¶m A{^àm¶ h¡?

(vii) Define Creeping Inflation.

a|JVr hþB© ‘wÐm ñ’$s{V H$mo n[a^m{fV H$s{OE&

(viii) Explain the meaning of capital formation.

ny±Or {Z‘m©U H$m AW© ~VmBE&

MAEC - 02 / 600 / 4 (3) (P.T.O.) 228

Section - B 4 x 8 = 32 (Very Short Answer Questions)

Note: Answer any four questions. Answer of each question should be given in 200 words. Each question carries 8 marks.

(IÊS> - ~) (bKw CÎmar¶ àíZ)

ZmoQ> : {H$Ýhr Mma àíZm| Ho$ CÎma Xr{OE& à˶oH$ àíZ H$m CÎma

²⁰⁰

eãXm| ‘|

Xr{OE& à˶oH$ àíZ

⁸

A§H$ H$m h¡&

2) Discuss the speculative demand for money.

‘wÐm gÅ>m ‘m±J H$s ì¶m»¶m H$s{OE&

3) Explain the equilibrium point in the labour market.

l‘ ~mOma ‘| g§VwbZ {~ÝXþ Ho$ ~mao ‘| g‘PmBE&

4) Describe the factors which lead to leakages in the flow of income.

Am¶ àdmh ‘| [agmd CËnÞ H$aZodmbo KQ>H$m| H$s {ddoMZm H$s{OE&

5) Discuss the practical importance of liquidity trap.

ZH$Xr Omb Ho$ ì¶mdhm[aH$ ‘hÎd H$s ì¶m»¶m H$s{OE&

6) Describe the cambridge equation of quantity theory of money.

‘wÐm n[a‘mU {gÕmÝV Ho$ Ho$på~«O g‘rH$aU H$s {ddoMZm H$s{OE&

7) Explain the objectives of monetary policy.

‘m¡{ÕH$ Zr{V Ho$ CÔoí¶ ~VmBE&

8) Discuss the limitations of fiscal policy in developing economy.

{dH$mgerb AW©ì¶dñWm ‘| amOH$mofr¶ Zr{V H$s gr‘mAm| H$s ì¶m»¶m

H$s{OE&

228

MAEC - 02 / 600 / 4 (4)

9) Describe the kinds of inflation.

‘wÐm ñ’$s{V Ho$ àH$mam| H$s {ddoMZm H$s{OE&

Section - C 2 x 16 = 32 (Long Answer Questions)

Note: Answer any two questions. Answer of each question should be given in 500 words. Each question carries 16 marks.

(IÊS> - g) (XrK© CÎmar¶ àíZ)

ZmoQ> : {H$Ýhr Xmo àíZm| Ho$ CÎma Xr{OE& à˶oH$ àíZ H$m CÎma

⁵⁰⁰

eãXm| ‘|

Xr{OE& à˶oH$ àíZ

¹⁶

A§H$ H$m h¡&

10) Critically examine the classical views regarding saving and investment.

~MV Ed§ {d{Z¶moJ Ho$ ~mao ‘| à{V{ð>V {dMmam| H$m AmbmoMZmË‘H$

‘yë¶m§H$Z H$s{OE&

11) Discuss the keynesian approach to Money Demand.

‘wÐm ‘m±J Ho$ g§~§Y ‘| H$sÝg¶Z {gÕmÝV H$s ì¶m»¶m H$s{OE&

12) Describe the production method of calculating national income.

amï´>r¶ Am¶ Ho$ ‘mn H$s CËnmXZ {d{Y H$s {ddoMZm H$s{OE&

13) Discuss the mahalnobis model of economic development.

Am{W©H$ {dH$mg Ho$ ‘hmbZmo{~g ‘m°S>b H$s ì¶m»¶m H$s{OE&