BA Economics - Money , Banking And Public Finance (Q&A) One Week Series-MDS University

BA Economics - Money , Banking And Public Finance (Q&A) One Week Series-MDS University 

 Money , Banking And Public Finance

This One Week Series is Written in English Language in Question Answer Series According to syllabus

 MGSU Syllabus

 UNIT-I Value of Money and Inflation Money-concept and Importance, quantity theory of money, cash transaction and cash balance approaches; The Keynesian approach, Inflation, deflation and reflation, definition, types. causes and effects of inflation on different sectors of the economy; Demand pull and cost-push inflation; Measures to control inflation, Philips curve, Determinants of money supply - High powered money and money multiplier.

UNIT-II Commercial Banking Meaning types and Functions of commercial banks. The process of credit Creation. Evolution of commercial banking in India after independence. Recent reform in banking sector.

UNIT-III Central Banking Functions of a central bank; quantitative and qualitative methods of credit Control- Bank rate policy, Open market operations, Variable reserve ratio and Selective methods, Role and functions of the Reserve Bank of India. Objectives and limitations of monetary policy with special reference to India.

UNIT-IV Nature and Scope of Public Finance Meaning and scope of public finance; Distinction between private and public finance; Public goods; The principle of maximum social advantage; Public Expenditure- Meaning, classification and principle of public expenditure; Canons and effects of public expenditure.

UNIT-V Taxation and Public Debt Sources of public revenue; Taxation, canons and classification of taxes; Impact and incidence and shifting of taxes; Taxable capacity; Effects of taxation; Characteristics of a good tax system. Sources of public borrowing; Effects of public debt. Various concepts of budget deficits.