820 > THE INSTITUTE OF BANKERS, BANGLADESH (IBB) Banking Diploma Examination, June, 2015 JAIBB Principles of Economics & Bangladesh Economy (PBE) Time—3 hours Full marks—100 Pass marks—S0 [N.B.—The figures in the right margin indicate full marks. Answer any five questions.) Marks. 1. Economics in the study of art as well as science—Explain the 20 statement. 2. (a) What are the laws of demand and supply? 8 (b) Explain with the help of a diagram how equilibrium of prices 12 is determined by the interaction of demand supply. 3. (a Show in a diagram and explain that monopoly output is 10 determined at the point where marginal revenue equals marginal cost. (b) In monopoly there is no supply curve.—Explain. 10 4. Briefly answer the following questions :-— 5x4=20 (a) Does education promote economic development? How? (b) Does education lead to higher rural-urban migration? Why? (c) Does education to women tend to reduce their fertility? How? (d) Does education lead to “brain drain” from developing countries? Why? 5. (a) What do you mean by Macroeconomics and Microeconomics? 10 (b) State and elaborate the main macroeconomic problems of 10 Bangladesh. 6. (a) Discuss the role of monetary policy in combating inflation in a 12 developing country like Bangladesh. (b) Briefly discuss the “Financial inclusion” measures recently 8 undertaken by the Bangladesh Bank. 7. Discuss in the context of Bangladesh the role of small and medium 20 scale enterprises (SMEs). 8. Present arguments for and against foreign aid in Bangladesh. 20 9. (a) Explain the different methods of calculating Gross Domestic 12 Product (GDP) of a country. (b) What problems are generally encountered in calculating GDP? 8 State the problems in detail. [Please turn overMarks. 5x4=20 Producers” surplus; (c) Income velocity of money: (d) Index number; (e) Statutory liquidity requirement (SLR); @) Fiscal policy. BQH