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DEPARTMENT OF LAW “T3-Examination, May-2018” Semester:2nd Subject:Business & Growth Economics Branch: BBA.LL.B/B.Com.LL.B Course Type:Core Time: 3 Hours Max.Marks: 100

Date of Exam:28/05/2018 Subject Code:LWH119 Session: I Course Nature:Hard Program: LAW Signature: HOD/Associate HOD:

PART-A All questions are compulsory. Q1(a). What is Cost Push Inflation? (b). Define Stagflation. (c). Define ‘Natural Rate of Unemployment’. (d). What is Business Cycle? (e). Define Hedging. (f). What is Foreign Exchange? (g). State 4 factors to determine Human Capital. (h). Differentiate between Fiscal Policy and Monetary Policy. (i). What are the factors behind Philips Curve? (j). Define Economic Growth.

(10*2=20)

PART-B Q2

Attempt any two questions.

(5*2=10)

(a).What are the various factors that affect the economic growth of a country? Discuss. (b). Explain the role of human capital in economic growth. (c). Distinguish between Economic Growth & Development. Q3

Attempt any two questions.

(5*2=10)

(a).Describe the main causes of Global Recession 2009. (b). Discuss how did the Great Recession 2009 propagate throughout the world.. (c). Discuss how business cycle fluctuations are controlled by Monetary Policy.

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PART-C Attempt any two questions. Q4. Elaborate the various monetary measures to control inflation.

(15)

Q5. Briefly discuss the causes of widespread unemployment in India and suggest suitable measures to remove it. (15) Q6. Explain the relationship between the various factors of Philip Curve. (15) PART-D Attempt any two questions. Q7. Discuss the components of Foreign Exchange Market and distinguish between Spot Market and Forward Market. (15) Q8. Describe the key factors that affect Foreign Exchange Rate.

(15)

Q9. Discuss PPP as a theory of Exchange Rate Determination.

(15)

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