M.A. DEGREE EXAMINATION, NOVEMBER 2017
First Semester
Economics
MONETARY ECONOMICS
(CBCS 2014 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 X 2 20)
Answer all questions.
1. What do you mean by barter system?
2. Give the meaning of Money of account.
3. Why is money demanded according to Keynes?
4. What is the relationship between the rate of interest and
asset prices?
5. What are financial intermediaries?
6. What is meant by outside money?
7. State Pigou's effect.
8. Define Inflation.
9. When did monetary reforms take place in India?
10. What is meant by Brettonwoods system?
Sub. Code
4MEC1C3
AFF-4777
2
Sp 6
Part B X 5 25)
Answer all questions, choosing either or
11. What are the defects of barter system?
Or
Trace the evolution of money.
12. Explain the speculative demand for money.
Or
Examine Tobin's approach to demand for money.
13. Enumerate the role played by the financial
intermediaries in the modern financial System.
Or
How did the classical economists establish the
neutrality of money?
14. State the defects of Don Patinkin Model.
Or
Explain Bent Hansen's excess demand theory of
inflation.
15. List out the main findings of Narashimmam
Committee.
Or
State the current lending procedure of IBRD.
AFF-4777
3
Sp 6
Part C X 10 30)
Answer any three questions.
16. "Money is a good servant but a bad master" Elaborate
this statement.
17. How does Baumol remove dichotomy in Keyne's money
demand analysis?
18. Make a critical appraisal of the Gruley-Shaw thesis.
19. Explain monetarist and Keynesian controversy about
monetary policy and fiscal policy.
20. Enumerate the chief recommendation of Ragu Ram Rajan
Committee Report.
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