BECC-133 · June 2025 · English
IGNOU BECC-133 June 2025 Previous Year Question Paper
PRINCIPLES OF MACRO ECONOMICS-I
Structured previous year question paper for BECC-133, June 2025 session.
Max marks: 100 · Questions: 13 · Sections: 3
Verified: 5 Aug 2026
BACHELOR OF ARTS (GENERAL)
(BAG)
Term-End Examination
June, 2025
BECC-133 : PRINCIPLES OF MACRO
ECONOMICS-I
Time : 3 Hours Maximum Marks : 100
Note : Answer questions from all Sections as per
instructions.
Section—A
Note: Answer any two questions from this
Section in about 500 words each. 2x20=40
Q1.Outline the steps involved in estimation of National Income by income method. How is income method different from value added method in National Income estimation ? Also list the precautions to be kept in mind while measuring National Income using income method. 8+8+4
Q2.Derive the labour demand and labour supply curve under classical approach. Explain the relationship between real wage, money wage and labour employment.
Q3.Explain the importance of monetary policy for an economy. Discuss the objectives of monetary policy.
Q4.Explain the consumption function in a three-sector economy. How is equilibrium level of income determined in three-sector model ? Explain with the help of a diagram.
Section—B
Note: Answer any four questions from this
Section in about 250 words each. 4x12=48
Q5.Explain the concept of Production Possibility Curve (PPC) with the help of a diagram.
Q6.Explain how circular flow of income takes place in three-sector model.
Q7.Discuss the concept of multiplier. What are its limitations ?
Q8.Explain the changes in equilibrium income when government sector is introduced.
Q9.Differentiate between Balance of Payments (BoP) and Balance of Trade (BoT). Explain why Balance of Payments always balances.
Q10.Differentiate between Classical and Keynesian approach to output and employment.
Q11.Discuss Keynes’ theory of demand for money.
Section—C
Q12.Write short notes on any two of the following : 2x6=12
(a) FDI and Portfolio investment
(b) Problem of double counting
(c) Measures of money supply
(d) Bank rate and Repo rate (equilibrium level) #4 fuifta fear wra है ?
Q13.saet dwt aH (Production Possibility 2x6=12