QUESTION BANK Subject Name: Macro economics Subject Code: CML5104 Attempt all questions. Section A 1.

Define the following: a). National Income. b). Stock and Flow Variables c). Investment Multiplier d). MPC and MPS e). Marginal efficiency of capital (MEC) f). Fiscal Deficit g). Leakages h). Balance of payment i). Money j). Inflation

Section B 2. Distinguish between Micro and Macro economics. Also discuss the relevance of Macro economics. 3. Explain the circular flow of income and expenditure in four sector economy model. 4. Critically examine the Say's Law of Market. 5. Explain the term ' Social Accounting'. How they are prepared. 6. Define consumption function. Discuss the various factors affecting the marginal propensity to consume. 7. Explain in detail how inflation can be controlled. 8. Write in detail the various functions of money. 9. Give the meaning, phases and effects of business cycles.