BECC-133 · June 2023 · English
IGNOU BECC-133 June 2023 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS-I
Structured previous year question paper for BECC-133, June 2023 session.
Max marks: 100 · Questions: 12 · Sections: 3
Verified: 5 Aug 2026
BACHELOR OF ARTS (GENERAL)
(BAG)
Term-End Examination
June, 2023
BECC-133 : PRINCIPLES OF
MACROECONOMICS
Time : 3 Hours Maximum Marks : 100
Note : Answer questions from all the S ections as
per instructions.
Section—A
Note : Answer any two questions from this
Section in about 500 words each. 2×20=40
Q1.Explain the circular flow of income and output in an economy. What are the leakages from the system ?
Q2.Define national income. How d o we measure national income by expenditure method ? [ 2 ]
Q3.Explain, with the help of diagrams how output and employment are determined in the classical system.
Q4.What are the functions of money ? Describe the measures of money supply.
Section—B
Note : Answer any four questions from this
Section in about 250 words each. 4×12=48
Q5.Discuss the Fisher’s approach to quantity theory of money.
Q6.Bring out the various instruments of monetary policy in India.
Q7.Explain the concept of Keynesian cross by using appropriate diagram.
Q8.With the help of a diagram, explain the effect of change in tax rates on equilibrium output.
Q9.What is mea nt by net exports ? Explain how a change in exchange rate affects net exports.
Q10.Explain the process of credit creation by the banking system. [ 3 ]
Q11.Discuss the concept of quantitative easing an d its impact on money supply.
Section—C
Q12.Write short notes on any two of the following.
(a) Liquidity Trap
(b) High-powered money
(c) Balance of Trade
(d) Invisible Hand 2023 -133 2×20=40 4×12=48 BECC–133 6,530