BECC-133 · December 2022 · English
IGNOU BECC-133 December 2022 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS-I
Structured previous year question paper for BECC-133, December 2022 session.
Max marks: 100 · Questions: 15 · Sections: 3
Verified: 5 Aug 2026
BACHELOR OF ARTS (GENERAL)
(BAG)
Term-End Examination
December, 2022
BECC 133 :PRINC PLES OF MACRO -
ECONOMES-I
Time : 3 Hours Maximum Marks : 100
Note: Attempt questions from all the Sections as
per instructions given in each Section.
Section—A
Note : Attempt any two questions from this Section
in about 500 words each. 2x20=40
Q1.Explain the concept of investment multiplier.
Q2.What is its importance in the Keynesian model ?
Q3.What are its limitations ?
Q4.What are the objectives of monetary policy ?
Q5.Explain the importance of monetary policy for an economy. [2] BECC
Q6.In the Keynesian framework, explain how equilibrium output is determined in an open economy.
Q7.Bring out the salient features of the classical approach to macroeconomics.
Section—B
Note : Attempt any four questions from this Section
in about 250 words each. 4x12=48
Q8.Explain, how a change in tax rate affects the equilibrium level of output.
Q9.Distinguish between balance of payments and balance of trade. Explain why balance of payments always balance.
Q10.Explain the concept of money multiplier.
Q11.Discuss the Keynesian theory of demand for money.
Q12.What is meant by value-added ? What precautions are to be taken while calculating national income by the value-added method ? [3] BECC
Q13.Bring out the major differences between classical approach and Keynesian approach to macroeconomics.
Q14.Explain why in the classical approach, the aggregate supply curve is vertical.
Section—C
Q15.Write short notes on any two of the following : 2x6=12
(a) Marginal propensity to consume
(b) Balanced budget multiplier
(c) Monetary policy in India
(d) Problem of double counting age! [6] BECC