Name of the University : Vardhman Mahaveer Open University
Degree : BA
Department : Economics
Subject Code/Name : EC-06 – Money, Banking & Public Finance
Year : 3
Document Type : Question Bank
Website : vmou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/vmou.ac.in/3483-EC-06_206.pdf
VMOU Paper Money Banking & Public Finance Question Paper
Time: 3 Hours
Max. Marks: 80
Note: The question paper is divided into three sections A, B & C. Write Answers as per the given instructions.
Related : Vardhman Mahaveer Open University EC04 Economy of Rajasthan BA Question Bank : www.pdfquestion.in/3479.html
Section – A
(1) Define money.
(2) When International Monetary Fund came into existence-
(3) Who wrote the book “A Treatise money”-
(4) What is inflation-
(5) Explain the meaning of stagflation.
(6) Define Index Number.
(7) Explain the concept of money supply.
(8) What do you mean by “Credit Creation”-
(10) What is Public Finance-
(9) What is main function of money.
(10) Explain the statement of Greasham- s Law-
(11) Which system in India on Note-issue-
(12) Who is a writer of the book “The purchasing power of money”
(13) What do you mean by Full employment-
(14) What is cost-push Inflation-
(15) Explain the meaning of money multiplier-
(16) What is cheap monetary policy-
(17) Define the „Public goods- .
(18) What do you mean by Shifting of a tax-
(19) What is characterstics of money-
(20) The currency theory of Note-issue is given by-
(21) What is profit induced inflation-
(22) M3 includes according to RBI.
(23) Define commercial Bank.
(24) What is E-Banking-
(25) Which Economist gave the theory of maximum social advantage-
(26) What is Tax-
(27) What is Incidence of a Tax-
(28) Who gave the theory of zero Base Budgeting-
Section – B
This section will contain Eight short Answer Type questions. You will have to attempt only four questions. Each Question carry 10 marks.
(1) What are various systems of Note-Issue-
(2) What is Gresham- s Law- Explain.
(3) Discuss the quantity theory of money.
(4) Inflation and Deflation both are bad,Why-
(6) Discuss the causes of inverse relationship between rate of unemployment and inflation.
(7) Analyse the objectives of monetary policy.
(8) What is importance of finance in National Economy-
(9) Explain the assumptions of quantity theory of money-
(10) What is measures to check Inflation-
(11) Discuss the moral effects of Inflation-
(12) What do you understand by supply of money-
(13) Describe the characteristics of private goods.
(14) What do you mean by maximum social advantage-
(15) Discuss the foreign debt management.
(16) Explain the meaning of federal finance.
(17) Discuss the Cambridge Quantity Theory of Money.
(18) Explain the equality between Saving and Investment-
(19) Write main five effects of Inflation.
(20) Explain the advantages of Index Number-
(21) What is meaning of velocity of money-
(22) Write the function of Industrial Bank-
(23) Explain the relation between cheap money policy and under developed countries.
(24) Explain Specific Tax and Ad-valoren Tax.
Section – C
This section will contain four questions. Two questions will be attemed.
(1) Discuss about the measures taken for improvement of tax system after 1991 in India.
OR
How is budget prepared, passed and executed in India. Explain.
(2) How commercial banks create credit? Discuss.
OR
What is Inflation? “Point out its effect on the different sections of society.
(3) What is taxable capacity? Describe the factors affecting taxable capacity.
OR
Discuss the various canons of taxation.
(4) Explain the main functions of Reserve Bank of India.
OR
Why has RBI failed in controlling credit? Describe it.
(2) What is paper standard? Discuss its merits and demerits.
OR
Write an essay on importance of money in capitalistic economy.
(3) Compare Fisher?s Version of the Quantity Theory of Money with Cambridge version. Which of the two should you prefer and why?
OR
“Inflation is unjust and deflation is Inexpedient. Out of the two perhaps deflation is worse”. Elucidate.
(4) What is meant by supply of money? Discuss the various components of money supply?
OR
Describe the functions of a commercial Bank.
(5) What do you mean by market mechanism? What are market failure? explain.
OR
Discuss the causes of the growth of public expenditure in India.
(6) “Bad money drives good money out of circulation.”Discuss.
OR
“The Keynesion fundamental equations turn out to be the quantity theory in new form plus a dynamic wicksell. Factor I-S.” Discuss.
(7) Differentiate between inflation and deflation. Describe the reasons of inflation.