BECC 113 Solved Assignment 2022-23
BECC 113 Solved Assignment 2022-23, BECC 113 Solved Assignment 2022-23, BECC 113
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BECC 113
INDIAN ECONOMY II
Programme: BAG/2022/2022-23
Course Code: BECC 113
Max. Marks: 100
BECC 113 Solved
Assignment
A. Long
Answer Questions (word limit-500 words) 2 × 20 = 40 marks
1) Explain
the different instruments of Monetary Policy.
The RBI is the main
body that controls the monetary policy in India. They control the flow of money
into the market through various instruments of monetary policy. This helps the
RBI control the inflation and liquidity in the economy. Let us take a
look at the instruments of monetary policy the RBI uses.
The RBI is the central bank of India. It was established in
1935 under a special act of the parliament. The RBI is the main authority for
the monetary policy of the country. The main functions of the RBI are to
maintain financial stability and the required level of liquidity in
the economy.
The RBI also controls and regulates the currency system of
our economy. It is the sole issuer of currency notes in India. The RBI is
the central banks that control all the other commercial banks, financial
institutes, finance firms etc. It supervises the entire financial
sector of the country.
Instruments of
Monetary Policy
Monetary policy is a way for the RBI to control the supply
of money in the economy. So these credit policies help control the inflation
and in turn help with the economic growth and development of the country. So
now let us take a look at the various instruments of monetary policy that the
RBI has at its disposal.
1] Open Market
Operations
Open Market Operations is when the RBI involves itself
directly and buys or sells short-term securities in the open market. This is a
direct and effective way to increase or decrease the supply of money in the
market. It also has a direct effect on the ongoing rate of interest in the
market.
Let us say the market is in equilibrium. Then the RBI
decides to sell short-term securities in the market. The supply of money in the
market will reduce. And subsequently, the demand for credit facilities would
increase. And so correspondingly the rate of interest would also see a boost.
On the other hand, if RBI was purchasing securities from the
open market it would have the opposite effect. The supply of money to the
market would increase. And so, in turn, the rate of interest would go
down since the demand for credit would fall.
2] Bank Rate
One of the most effective instruments of monetary policy is
the bank rate. A bank rate is essentially the rate at which the RBI lends money
to commercial banks without any security or collateral. It is also the standard
rate at which the RBI will buy or discount bills of exchange and
other such commercial instruments.
So now if the RBI were to increase the bank rate, the
commercial banks would also have to increase their lending rates. And this will
help control the supply of money in the market. And the reverse will
obviously increase the supply of money in the market.
3] Variable Reserve
Requirement
There are two components to this instrument of monetary
policy, namely – The Cash Reserve Ratio (CLR) and the Statutory Liquidity Ratio
(SLR). Let us understand them both.
Cash Reserve Ratio (CRR) is the portion of deposits with the
commercial banks that it has to deposit to the RBI. So CRR is the percent of
deposits the commercial banks have to keep with the RBI. The RBI will adjust
the said percentage to control the supply of money available with the bank. And
accordingly, the loans given by the bank will either become cheaper or more
expensive. The CRR is a great tool to control inflation.
The Statutory Liquidity Ratio (SLR) is the percent of total
deposits that the commercial banks have to keep with themselves in
form of cash reserves or gold. So increasing the SLR will mean the banks have
fewer funds to give as loans thus controlling the supply of money in the
economy. And the opposite is true as well.
4] Liquidity
Adjustment Facility
The Liquidity Adjustment Facility (LAF) is an indirect
instrument for monetary control. It controls the flow of money through repo
rates and reverse repo rates. The repo rate is actually the rate at which
commercial banks and other institutes obtain short-term loans from the Central
Bank.
And the reverse repo rate is the rate at which the RBI parks
its funds with the commercial banks for short time periods. So the RBI
constantly changes these rates to control the flow of money in the market
according to the economic situations.
5] Moral Suasion
This is an informal method of monetary control. The RBI is
the Central Bank of the country and thus enjoys a supervisory position in the
banking system. If there is a need it can urge the banks to exercise credit
control at times to maintain the balance of funds in the market. This method is
actually quite effective since banks tend to follow the policies set by the
RBI.
2) Discuss
the policy initiatives of India during the period 2015-2020 for improving the
sectoral performance of the economy.
B. Medium
Answer Questions (word limit-250 words) 3 × 10= 30 marks
3) Outline
the two major types of fiscal policy along with its implications.
4) Indicate
the importance of agricultural sector in stimulating the overall economic
growth of an economy.
5) Analyse
the trend in the industrial performance of India during the post-1991 phase.
C. Short
Answer Questions (word limit 100 words) 2 × 3 × 5 = 30 marks
6)
Differentiate between:
(a) Micro
& Tiny Enterprises and Small Enterprises.
(b) Repo
Rate and Reverse Repo Rate.
(c) Fiscal
Deficit and Revenue Deficit.
7) Write
short notes on the following.
(a) Export
Led Growth.
(b)
Multilateralism.
(c)
Organised Sector Unit
IGNOU Assignment Status 2022-23
BECC 113 INDIAN ECONOMY II Solved Assignment 2022-23: Those students who had successfully
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their Assignment Status. Alongside assignment status, they will also checkout their
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BECC 113 Solved
Assignment 2022-23: Those students who had
successfully submitted their Assignments to their allocated study centres can
now check their Assignment Status. Along with assignment status, they can also
checkout their assignment marks & result. BECC 113 Solved
Assignment 2022-23 All this is available in an online mode. After
submitting the assignment, you can check you IGNOU Assignment Status only after
3-4 weeks. It might take 40 days to declare.
BECC 113 Solved
Assignment 2022-23 Here the students can check their IGNOU Assignment
Status, marks, result or both the sessions i.e; June & December.
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