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    MECE-004 MASTER OF ARTS (Economics) Term-End Examination December, 2014 Mece-004: Financial Institutions and Markets

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    Suresh Jayarama
    This document contains an examination for a Master of Arts in Economics degree. It has two parts, with Part A containing 4 long-form questions and Part B containing 5 short-form questions. The topics covered include derivatives and options, the role of financial regulators, money supply and interest rates, exchange rates, functions of merchant banks, risks related to credit and securities, and theories of interest rates. Students are instructed to answer questions from both parts based on the concepts and frameworks presented.

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    MECE-004 MASTER OF ARTS (Economics) Term-End Examination December, 2014 Mece-004: Financial Institutions and Markets

    Uploaded by

    Suresh Jayarama
    46 views4 pages
    This document contains an examination for a Master of Arts in Economics degree. It has two parts, with Part A containing 4 long-form questions and Part B containing 5 short-form questions. The topics covered include derivatives and options, the role of financial regulators, money supply and interest rates, exchange rates, functions of merchant banks, risks related to credit and securities, and theories of interest rates. Students are instructed to answer questions from both parts based on the concepts and frameworks presented.

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    This document contains an examination for a Master of Arts in Economics degree. It has two parts, with Part A containing 4 long-form questions and Part B containing 5 short-form questions. The topics covered include derivatives and options, the role of financial regulators, money supply and interest rates, exchange rates, functions of merchant banks, risks related to credit and securities, and theories of interest rates. Students are instructed to answer questions from both parts based on the concepts and frameworks presented.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views4 pages

    MECE-004 MASTER OF ARTS (Economics) Term-End Examination December, 2014 Mece-004: Financial Institutions and Markets

    Uploaded by

    Suresh Jayarama
    This document contains an examination for a Master of Arts in Economics degree. It has two parts, with Part A containing 4 long-form questions and Part B containing 5 short-form questions. The topics covered include derivatives and options, the role of financial regulators, money supply and interest rates, exchange rates, functions of merchant banks, risks related to credit and securities, and theories of interest rates. Students are instructed to answer questions from both parts based on the concepts and frameworks presented.

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    No.

    of Printed Pages : 4

    MECE-004

    MASTER OF ARTS (Economics)


    Term-End Examination
    December, 2014
    MECE-004 : FINANCIAL INSTITUTIONS
    AND MARKETS
    Time : 3 hours

    Maximum Marks : 100

    Note : Answer questions from both parts as per instructions.

    PART- A

    1.

    Attempt any two questions from this part. 2x20=40


    What are derivatives ? Explain the concept of
    options. What distinguishes an American Option
    from an European Option ?

    2.

    What is the need for a capital regulator in India ?


    Give reasons. Explain the objectives and
    functions of SEBI. How far has SEBI been
    successful in protecting the interest of investors ?

    3.

    Discuss the relationship among money supply,


    inflation and interest rates using Fisher's
    hypothesis.

    4.

    Discuss the relative merits of fixed and flexible


    exchange rates. Explain the concept of currency
    convertibility.

    MECE-004

    P.T.O.

    PART - B

    5.

    Answer any five questions from this part. 5x12=60


    Explain the nature and significance of money
    supply using the money multiplier process.

    6.

    What are the main functions of a Merchant Bank ?

    7.

    Write short notes on :


    (a) Credit risk
    (b) Demat of securities

    8. What are the important links between options and


    loans ?
    9.

    Explain the concept of interest rate risk. How is


    risk measured in practice ?

    10.

    Explain the loanable fund theory of interest rates.

    11.

    Explain the Modigliani-Miller hypothesis.

    12. What is a Customs Union ? How does it work ?


    In what way is it different from an optimum
    currency area ?

    MECE-004

    74-114-004
    WMT f=i W is

    (aTeivirm)

    Tr49' TRIATI
    igtiusti, 2014

    Ttpx-4

    ..-004 :
    71721 : 3
    :

    611.11t

    37NWdrI

    Triw

    34- : 100

    drH FiV/V1/( al/ki

    9iPT

    %MT 7:r TIT


    1.

    311( q1TR I

    q-11

    2x20=40

    j--ecM (derivatives) qzfT ? icichC4f (options) -WI


    31-qt1TTEM iii-111*

    311:1W fq*-

    41
    -41
    -Ezrrl facer A

    tlf t?
    2.

    itzi GliglIt icirleivict) (regulator)


    ITT
    aTr-474-*--drt? 31-Er4 37Rt chRui -4-01 ITT-cd-1-zr -steiru
    -R4 Fakiii alb ((..41)
    TEfl -30zI T9-Ti 4,14 f?
    .4)4nm 1-11,4).) feat T ANTrnt4 IRITT TaTT t ?

    3.

    f9R

    1-TR7

    MIchtrtili T Nilir c4
    ?TT tsilTI t

    4.

    -RI

    #2,17

    4 (a

    -.41f

    RI #14(t

    MECE-004

    A 3170,
    All

    T(i qc-fruclien 110

    icir*31.4%TiTuTi

    A
    I
    P.T.O.

    VITT - -g1

    art q-l`A

    91-F1

    5.

    ilurrT 51*--z1 i 7717


    wt-fff 2111:1-6 c4
    I

    6.

    1T-4" t

    7.

    4N-T71 ,11e. Tht :


    TM( Wigl:f

    (b)

    1fd

    ftlta

    8.

    `f-d-*71:1' (options) 'ff2-17


    44%1 ?

    9.

    1T
    7)ftgrf
    71-t114 f 4-114-1

    11.

    41r3-Trt 01;1

    -r?4 oNt t?

    (a)

    10. TI

    5x12=60

    tt.of

    (Demat of securities)

    I (loans)

    31-qq-Fo1r

    ti1-11

    TITTEri

    I 11*-(101

    f*Zri \-11c11 t?
    --)1ff (Loanable Funds) #141td.

    4-11F5N1q1-11-#1
    d7 MIcl-oh(-4-11

    041N.?-11

    1r-A7
    - I

    12. TitIT17*IcKilt?
    t*-7 Achlt r4
    f t?
    t*-7i ci f i t ?
    (Currency)

    MECE-004

    14

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