Money, Banking, and Public Finance - मुद्रा, बैंकिंग और सार्वजनिक वित्त

Program Class: Diploma/ BA

Year: 2^nd

Semester: Fourth

Subject: Economics

Course Title: Money, Banking and Public Finance

Course Learning Outcomes:

On completion of this course, learners will be able to:

·      Understand simple concepts related with monetary economics and banking theory.

·      Correlate and apply to current events & key models and concepts of monetary economics and banking theory.

Appreciate the potential importance of monetary phenomenon in the economy.

Understand the sources of finance both public and private.

Demonstrate the role of government to correct market failures and possible advantage of public financing.

Understand the possible burden, benefits and distribution of various types of taxes among various classes of people, know the general trend and impact on general welfare and arouse them to suggest good and bad tax system.

The given MCQs cover only 10% of the syllabus | दिए गए बहुविकल्पीय प्रश्न केवल 10% पाठ्यक्रम को कवर करते हैं।

To cover 100% of the syllabus with summaries, upgrade to our Advanced Model Paper.| पूरा सिलेबस और सारांश कवर करने के लिए हमारा एडवांस मॉडल पेपर जॉइन करें।  Join Advanced Model Paper

Credits:

Core Compulsory

Max. Marks: –25+75

Min. Passing Marks: 33

Unit

Topics

I

Money – Meaning and functions of Money, Grasham’s Law, Monetary standards – Metallic and paper Systems of Note issue.

Demand for money – Quantity theory of money – Cash Transaction and Cash Balance Approaches: The Keynesian Approach.

II

Supply of Money: Definitions – Determinants of Money Supply, High Powered Money and Money Multiplier – Indian Currency system.

III

Commercial Banking – Meaning and Types, functions of Commercial Banks, Process of Credit Creation, Purpose and Limitations; Liabilities and Assets of banks, Evolution of Commercial Banking in India after Independence, A Critical Apprasial of the Progress of Commercial Banking.

IV

Central Bank – functions of Central Bank, Qualitative and Quantitative methods of credit control – Bank Rate Policy, Open Market Operations, Variable Reserve Ratio and Selective methods, Role and functions of Reserve Bank of India, Objectives and Limitations of Monetary Policy with Special Reference to India.

V

Nature and Scope of Public Finance: Meaning and Scope of Public Finance, Distinction between Private and Public Finance, Public Goods and Private Goods, The Principle of Maximum Social Advantage, Market failure, Role of the Government.

VI

Public Expenditure – Meaning, Classification, Wagner’s Principle, Wiseman and Peacock hypothesis, Canon’s and Effects of Public Expenditure, Causes of Growth of Public Expenditure in India.

VII

Public Revenue – Sources of Public Revenue, Taxation Meaning, Canons of Taxation, Impact and Incidence of taxation taxes, Taxable capacity effect of Taxation.

VIII

Fiscal Policy – instruments, Objectives of fiscal Policy, Role of Fiscal Policy in Developed and Developing Economy, Anti-inflationary and Anti-deflationary Fiscal Policy.