IGNOU BECC-133 Important Question English

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IGNOU BECC-133 Principles of Macroeconomics-I Important Question & Exam Note Download

Top 20 Question of BECC-133


S.NoAnswer the following in about 500 words each.
1(a.) Explain Circular flow in four sector model with the help of diagram.
(b) Explain Production possibility curve with the help of diagram.
2Explain how the circular flows of income and output in a three sector economy take place. Draw appropriate diagram to substantiate your answer. Point out the leakages from the circular flows.
3(a) Describe the functions of money.
(b) What according to Keynes are the factors that lead to demand for money?
4
S.NoAnswer the following questions in about 250 words each.
1Discuss the salient features of Classical theory. How is it different from Keynesian theory?
2Explain the following:
a. Investment multiplier
b. Balance of Trade
c. Hot money
d. Gross Domestic Product and Gross National Product
3a. Explain Keynesian theory of demand for money.
b. Derive liquidity preference curve.
4Why did the classical economists fail to explain the Great Depression? What is the Keynesian explanation for the same?
5Give a brief account of the various instruments of monetary policy.
6What according to Keynes are the components of aggregate demand? Describe how equilibrium output is determined in the simple Keynesian model.
S.NoAnswer the following questions in about 100 words each.
1The aggregate income increases from 40 lakh to 200 lakh, as a result of an increase in investment of 16 lakh. What will be the values of MPC and MPS?
2How does the Balanced budget multiplier work?
3Define the term ‘invisibles’ in the Balance of Payments account. Give two examples of invisibles.
4What are the measures of Money supply in India?
5Explain various tools of monetary policy.
6Explain the concept of liquidity trap.
7With an example, explain the concept of double counting.
8What is meant by net exports? What are the determinants of net exports?
9What type of fiscal policy should the government adopt during recession? Justify your answer.
IGNOU BAG  Important Question English

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FAQ on IGNOU BECC-133 Important Question & Guess Paper English

What is BECC-133 in English Medium

BECC-133 is Principles of Macroeconomics-I

BECC-133 is Which Program

it is BAG Course in Economics

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