BECC-133 · December 2024 · English
IGNOU BECC-133 December 2024 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS-I
Structured previous year question paper for BECC-133, December 2024 session.
Max marks: 100 · Questions: 14 · Sections: 3
Verified: 5 Aug 2026
BACHELOR OF ARTS (GENERAL)
(BAG)
Term-End Examination
December, 2024
BECC-133 : PRINCIPLES OF MACRO
ECONOMICS-I
Time : 3 Hours Maximum Marks : 100
Note : Answer questions from all the Sections as per
instructions.
Section—A
Note : Answer any two questions from this Section
in about 500 words each. 2x20=40
Q1.Explain the salient feature of classical theory of output and employment. How is classical approach different from Keynesian approach ?
Q2.What are the objectives of Monetary Policy ?
Q3.Explain instruments of monetary policy used by RBI.
Q4.Explain circular flow of income in the four- sector model with the help of a diagram.
Q5.Describe the relationship between leakages and injections in four-sector model.
Q6.Discuss the concept of investment multiplier with the help of a diagram. What are its limitations ? What will be the value of multiplier, if mpc = 0.5?
Section—B
Note : Answer any four questions from this Section
in about 250 words each. 4x12=48
Q7.Distinguish between Macro Economics and Micro Economics. Explain the importance of studying Macro Economics.
Q8.Explain how income method is different from expenditure method in estimation of national income.
Q9.Explain how equilibrium is attained in money market. How does an increase in national income affect the money market equilibrium ?
Q10.Describe functions of money. What are the measures of money supply in India ?
Q11.Discuss how equilibrium output is obtained in an open economy.
Q12.Distinguish between quantitative and qualitative measures of credit control. Explain how quantitative easing works.
Q13.Explain why in the classical approach, the aggregate supply curve is vertical.
Section—C
Q14.Write short notes on any two of the following : 2x6=12
(a) Short-run and Long-run
(b) Real and Nominal GDP
(c) Balance of Payments
(d) Liquidity preference curve 10+10 [71 BECC-133 HAR (vertical) FH ZI 12
(क) seqafa (short-run) at <tetafr dong- run)