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    ECO Dec'08

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    mshahnotes
    This document contains an exam for the Economic Environment of Business course, including 10 questions testing concepts like disposable income, GNP, HDI, consumption function, inflation, monetary policy, banking reforms, balance of payments, trade policy, and the functions of the Reserve Bank of India, fiscal policy, and money. The exam is for 1 hour 40 minutes, with question 1 being compulsory and carrying 20 marks, while the remaining 9 questions carry 16 marks each. Students must answer question 1 plus any 5 other questions to pass.

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    ECO Dec'08

    Uploaded by

    mshahnotes
    22 views1 page
    This document contains an exam for the Economic Environment of Business course, including 10 questions testing concepts like disposable income, GNP, HDI, consumption function, inflation, monetary policy, banking reforms, balance of payments, trade policy, and the functions of the Reserve Bank of India, fiscal policy, and money. The exam is for 1 hour 40 minutes, with question 1 being compulsory and carrying 20 marks, while the remaining 9 questions carry 16 marks each. Students must answer question 1 plus any 5 other questions to pass.

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    This document contains an exam for the Economic Environment of Business course, including 10 questions testing concepts like disposable income, GNP, HDI, consumption function, inflation, monetary policy, banking reforms, balance of payments, trade policy, and the functions of the Reserve Bank of India, fiscal policy, and money. The exam is for 1 hour 40 minutes, with question 1 being compulsory and carrying 20 marks, while the remaining 9 questions carry 16 marks each. Students must answer question 1 plus any 5 other questions to pass.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views1 page

    ECO Dec'08

    Uploaded by

    mshahnotes
    This document contains an exam for the Economic Environment of Business course, including 10 questions testing concepts like disposable income, GNP, HDI, consumption function, inflation, monetary policy, banking reforms, balance of payments, trade policy, and the functions of the Reserve Bank of India, fiscal policy, and money. The exam is for 1 hour 40 minutes, with question 1 being compulsory and carrying 20 marks, while the remaining 9 questions carry 16 marks each. Students must answer question 1 plus any 5 other questions to pass.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    MET Institute of Distance Learning

    MET League of Colleges | Mumbai Educational Trust


    MET Complex, Bandra Reclamation, Bandra (W), Mumbai 400 050.
    Tel.: (+91 22) 2651 9209 | Telefax: (+91 22) 2644 0025
    email: inquiry_idl@met.edu | www.met.edu

    ECONOMIC ENVIRONMENT OF BUSINESS


    Date : 23/12/2008 Examination : Dec 2008
    Time : 10.00 a.m. to 1.00 p.m. Maximum Marks : 100
    Note: 1. Question 1 is compulsory. Minimum Marks : 50
    2. Attempt any five from remaining questions. for passing
    3. Question 1 carry 20 marks and remaining
    questions carry 16 marks each.

    Q. 1 Explain the following concepts: (Any Five)


    a. Disposable income
    b. GNP
    c. HDI
    d. MEC
    e. CRR
    f. Deflation
    g. Income velocity of money
    h. Spot exchange rate

    Q. 2 Explain the trends in sectoral shares of national income in India.

    Q. 3 Discuss the meaning of consumption function and bring out the relationship between APC
    and MPC.

    Q. 4 What do you understand by inflation? Suggest suitable measures to control inflation.

    Q. 5 Distinguish between the following: (Any Two)


    a. Economic growth and economic development.
    b. Public finance and private finance.
    c. Internal and international trade.

    Q. 6 What is monetary policy? Explain various instruments of monetary policy.

    Q. 7 Explain the important reforms introduced in commercial banking in India since 1991.

    Q. 8 Discuss the various measures to correct the deficit in the balance of payments.

    Q. 9 Examine the important arguments for protection and free trade.

    Q. 10 Write explanatory notes on the following: (Any two)


    a. Functions of RBI.
    b. Role of fiscal policy in LDCs.
    c. Capital account convertibility.
    d. Functions of money.
    e. WTO and India.

    Best of Luck

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