Gulbarga University Degree Examination ECONOMICS Paper – I : Money and Banking

A III S (145) I – 2K9

B.A. III Semester Degree Examination
ECONOMICS Paper – I : Money and Banking

Time: 3 Hours                                                                                                               Max. Marks : 80
SECTION – A
Answer the following questions in not more than 3-4 sentences. [10x2=20]
1. What is standard money?
2. What is monomentalism?
3. What are price index numbers?
4. What is inflation?
5. Write two phases of business cycles.
6. What is recession?
7. What is branch banking?
8. What is demand draft?
9. What is lender of last resort?
10. What is monetary policy?
SECTION-B
Write the medium size answer to any three [3x10=30]
11. Explain various kinds of money.
12. What is bimetallism? Discuss its merits and demerits.
13. Explain the relationship between inflation and unemployment with the help of Phillip curve.
14. Explain Howtrey's theory of trade cycles.
15. Explain the functions of central bank.
SECTION-C
Write essay type answers to any two questions: [2x15=30]
16. What is deflation? Explain the concept of deflationary gap.
17. Critically evaluate Fisher's theory of value of money.
18. Explain various types of inflation with the help of diagram and evaluate.
19. What is credit control? Explain various methods of credit control.