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B.A.LL.B (SEMESTER III) Examination October 2016.
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Duration: 3 Hours
ECONOMICS III
Total Marks: 75
Instructions:
- Answer any Eight questions from Q.No.1 to 12 (8 x 8=64)
- Q. No.13 and Q.No.14 are compulsory
- Students are advised to incorporate the exact question number in the answer scripts.
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- Explain the Concepts of National Income.
- Explain the Demand side of loanable funds with the help of a diagram.
- Explain the Say's Law of market.
- State and explain the Liquidity Preference theory with the help of a diagram.
- Explain the determinants of Propensity to consume.
- Explain the Harrod Model of economic growth.
- Explain the relationship between saving and investment.
- State and Explain the criticisms of the Hicks theory.
- Explain the factors that are responsible for the growth in an economy.
- Explain Hayeks over Investment theory of trade cycles.
- Critically evaluate Solow's Growth Model.
- Explain the measures to control business cycles.
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13. Short Notes Answer any two out of three: (3 x 2= 6)
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- State the Circular flow of Income with households and firms.
- Explain the types of trade cycles.
- What is the marginal efficiency of capital?
14. Short notes Answer any two out of three: (2.5 x 2= 5)
- Write a note on saving and dishoarding the supply side of loanable funds.
- What is investment and explain autonomous investment and induced investment.
- What is interest and explain Gross interest and Net interest.
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