becc 133 important questions

 

Repeated Questions and Topics in BECC-133 (Principles of Macroeconomics-I)

This article presents a list of repeated questions and topics from BECC-133 (Principles of Macroeconomics-I) based on the Term-End Examination question papers from June 2022, December 2021, December 2022, December 2023, and June 2024. Each repeated question is followed by the term and year in which it appeared.

Monetary Policy

·       What is meant by monetary policy? Briefly describe the various instruments of monetary policy. (June 2022)

·       What is meant by monetary policy? What are its objectives? (Dec 2021)

·       What are the objectives of Monetary Policy? Describe the instruments that a Central Bank can use to control inflation. (Dec 2023)

·       What is meant by Monetary Policy? What are its objectives? (June 2024)

·       Monetary policy in India. (Short Note) (Dec 2022)

Investment Multiplier

·       Explain the concept of investment multiplier, with an appropriate illustration. (Dec 2021)

·       Explain the concept of Investment multiplier. What will be the value of multiplier if MPC = 0.8? (June 2024)

·       Explain the concept of investment multiplier. What is its importance in the Keynesian model? What are its limitations? (Dec 2022)

·       Explain the concept of Investment multiplier and what will be the value of multiplier if MPC = 0.5? (Dec 2023)

Equilibrium Output (Keynesian Model)

·       Explain how equilibrium output is determined in the Keynesian model. (June 2022)

·       In the Keynesian framework, describe how equilibrium output is determined in an open economy. Draw an appropriate diagram. (Dec 2021)

·       In the Keynesian framework, explain how equilibrium output is determined in an open economy. (Dec 2022)

·       How is the equilibrium level of income determined in a three-sector model? Explain with the help of a diagram. (Dec 2023)

Classical Approach

·       Bring out the important features of the classical approach to macroeconomics. Why did it fail to explain the Great Depression? (Dec 2021)

·       Bring out the salient features of the classical approach to macroeconomics. (Dec 2022)

·       Explain the salient features of the classical theory of output and employment. How is it different from the Keynesian theory? (Dec 2023)

·       Bring out the major differences between the classical approach and Keynesian approach to macroeconomics. (Dec 2022)

Circular Flow of Income

·       Explain how there is circular flow of income and output in a three-sector economy. Draw an appropriate diagram. (Dec 2021)

·       Elucidate circular flow of income in a three-sector economy with the help of a diagram. Also describe the relationship between leakages and injections. (June 2024)

·       Explain circular flow of income in an open economy with the help of a diagram. Also describe the relationship between leakages and injections. (Dec 2023)

Balance of Payments vs Balance of Trade

·       Distinguish between Balance of Trade and Balance of Payments. (June 2022)

·       Distinguish between balance of payments and balance of trade. Explain why balance of payments always balance. (Dec 2022)

·       What is Balance of Payment? Explain why Balance of Payment always balances. (June 2024)

·       Balance of Payment and Balance of Trade. (Short note) (Dec 2023)

Money Supply / Measures of Money

·       What is meant by Reserve Money? What are the other measures of money supply? (June 2022)

·       What are the functions of money? Describe different measures of money supply. (Dec 2021)

·       Discuss the various functions of money. Also state measures of money supply. (June 2024)

·       Measures of Money Supply. (Short Note) (Dec 2023)

National Income and GDP

·       Explain the concept of Gross Domestic Product (GDP). How do you obtain national income from GDP? (June 2022)

·       Define the concept of national income. How is it obtained from Gross Domestic Product (GDP)? (Dec 2021)

·       Outline the steps involved in the estimation of National Income by expenditure method. What precautions are to be taken while measuring National Income through this method? (June 2024)

·       Outline the steps involved in the estimation of National Income by Income method. How is the Income method different from the Expenditure method in measuring National Income? (Dec 2023)

Keynesian Theory of Demand for Money

·       Give a brief account of demand for money according to Keynes. (June 2022)

·       Discuss the Keynesian theory of demand for money. (Dec 2022)

·       Elucidate the Keynesian theory of demand for money. (Dec 2023)

GDP vs GNP

·       Distinguish between GDP and GNP. (June 2024)

·       Distinguish between Gross Domestic Product and Gross National Product. (Dec 2021)

Current Account vs Capital Account

·       Distinguish between Current Account and Capital Account. (June 2022)

·       Capital Account and Current Account. (Short note) (Dec 2021)

·       Current account and Capital account. (Short Note) (June 2024)