BECC-133 · June 2022 · English
IGNOU BECC-133 June 2022 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS-I
Structured previous year question paper for BECC-133, June 2022 session.
Max marks: 100 · Questions: 14 · Sections: 3
Verified: 5 Aug 2026
BACHELOR OF ARTS (GENERAL)
(BAG)
Term-End Examination
June, 2022
BECC-133 : PRINCIPLES OF MACROECONOMICS-I
Time : 3 hours Maximum Marks : 100
Note: Attempt questions from each section as per
instructions.
SECTION A
Answer any two questions from this section in about
500 words each. 2x20=40
Q1.What is meant by monetary policy ? Briefly describe the various instruments of monetary policy.
Q2.Explain how equilibrium output is determined in the Keynesian model.
Q3.Explain the concept of Gross Domestic Product (GDP). How do you obtain national income from GDP?
Q4.What is meant by Net Exports ? What are the factors that influence net exports ? Under what circumstances could net exports of an economy be negative ?
SECTION B
Answer any three questions from this section in about
250 words each. 3x10=30
Q5.What is meant by Reserve Money ? What are the other measures of money supply ?
Q6.Write a brief note on Quantitative Easing.
Q7.Explain the role of government in an economy in the recession phase.
Q8.Calculate Net National Disposable Income from the following data : Items = (Crore) i. GDP at market prices 2,000 ii. Net current transfers to rest of the world (2200 iii. Net indirect taxes 150 iv. Net factor income from abroad 60 v. Interest payment on debt 70 vi. Depreciation 200 vii. Current transfers from 5 150 Government
Q9.Give a brief account of demand for money according to Keynes.
SECTION C
Answer both the questions from this section. 2x15=30
Q10.Distinguish between any three of the following : 3x5=15
(a) Personal income and Disposable income
(b) Balance of Trade and Balance of Payments
(c) Current Account and Capital Account
(d) Stocks and Flows
(e) Equilibrium output and Potential output
Q11.Write short notes on any three of the following : 3x5=15
(a) Production Possibility Curve
(b) Role of Central Bank
(c) Quantity Theory of Money
(d) Consumption of Fixed Capital
(e) Net Value Added BECC-133 3 (instruments) #1 ath Fifa | TART | GHA Rel Bore A WS Sa (national income) sl a ed feat STAT ze ?
Q12.%g frata (net exports) I aI ae 2? Ye Pata BECC-133 4 (measures) Ml @ ?
Q13.AIH Fea (Quantitative Easing) > fava F
Q14.000 (67719) (Net current transfers to rest of (-) 200 the world) iii. Bg AIA HE (Net indirect taxes) 150 factor income from abroad) payment on debt) vi. eas (Depreciation) 200 vii, QR FR AGAMA SANA (Current 150 transfers from government)
(क) daft art (Personal income) Ta AST aM (Disposable income) Ie (Balance of Payments) (Capital Account)
(क) Jee AMAA FH (Production Possibility Curve) Money) Capital) (S) 3g aftia Ara (Net Value Added)