vu cs408 Mid Term Subjective Solved Past Paper No.2

vu cs408 Human Computer Interaction Solved Past Papers

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Question 1: Mention the transactions that cause the demand for dollars to increase in the foreign exchange market.

Answer:

Pakistani imports of US goods.
Pakistani travelers traveling to the US.
Pakistani students paying for study in US universities. profits repatriated to
US by US firms operating in Pakistan.

Question 2: Recall the Equation of Quantity theory of money and calculate the missing figure in each of the following cases:

Money supply (M) =100, Price (P) = 3 and real output (Q) = 200.
Velocity of money (V) = 4, Price (P) = 5 and output (Q) =100.
Money supply (M) = 200, velocity of money (V) = 7 and output (Q) = 700. Calculate the missing figure.

Answer:

a) Money supply (M) = 100, Price (P) = 3 and real output (Q) = 200.Calculate the missing figure.
MV = PQ
100xV = 3 x 200
V = 600 / 100
V = 6b) Velocity of money (V) = 4, Price (P) = 5 and output (Q) =100.Calculate the missing figure.
MV = PQ
M x 4 = 5 x 100
M = 500 / 4
M = 125c) Money supply (M) = 200, velocity of money (V) = 7 and output (Q) = 700.Calculate the missing figure.
MV = PQ
200 x 7 = P x 700
P = 1400 / 700

Question 3: "Slope of the consumption function is less than 1".
What is meant by this statement?

Answer:

When we drawn in expenditure income space, the consumption function plots as a straight line with positive intercept, and a positive but less than 1 slope.
The slope is less than 1 because not all the income is consumed some part of the income is saved.

Question 4: Some economists suggest "growth through trade strategy" to tackle the problem of poverty of under developed countries.

What is the basic theme of this strategy?
Why this strategy is not so much successful?
What is the proposed solution presented to tackle the drawback of this strategy?

Answer:

Be the first to post an answer to earn 100 credits.

Question 5: Stage of production Money value (Rs) Value added at each stage (Rs)

Raw cotton 10.50 ?
Cotton yarn 25.68 ?
Coarse cloth 45.82 ?
Finished cloth 55.66 ?

Answer:

Stage of production Money value (Rs) Value added at each stage (Rs)
Raw cotton 10.50

Question 6: The reason of poverty in developing countries according Perbisch-Singer Hypothesis

Answer:

Be the first to post an answer to earn 100 credits.

Question 7: What are the conditions in which foreign exchange market exists. Also give some examples of foreign exchange markets.

Answer:

In a market there are buyers and sellers who negotiate and agree on the price for the or price for the commodity being exchanged. The foreign exchange market is no different.

Whatever, here the commodity being traded is foreign exchange and the price is the foreign exchange rate. Specifically, a foreign currency is being traded for the Pakistani Ruppee at a particular rate of exchange.

The sellers and buyers of foreign exchange are not mutually exclusive. The sellers of today, may be the buyers of tomorrow, or even of today.

Foreign exchange market exists when buyers and sellers exit and ready to sell and buy.

The main driving force for foreign exchange market is the law of supply and demand.

Examples are US $-PAK RS Foregin exchange market US $ - UK POUND Foregin exchange market.

Question 8: What are the different borrowing options available to the government for reducing the fiscal deficit?

Answer:

By borrowing locally (i.e. issuing bonds), foreign financing (including non-relpayable grants) or printing money (i.e. borrowing from the central bank). The first of these methods is least inflationary while the last one is most inflationary.