BAEC 2204 CBFS Government Development Bonds and Initiatives Discussion all the requirements in the pdf file
(Code: A43/ date30/5/2020)
Which subject: Microeconomics
If there is any program to use : Ms Word
Calculations or thury:
2 questions calculations
8 questions thury
How many words: Each answer (100 words)
Around 1600 all with references.
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Similarity less than 5%
Turnitin report HIGHERCOLLEGE OF TECHNOLOGY
DEPARTMENT: BUSINESS STUDIES
Final Examination:
Assignment Based Assessment
Semester: II
A. Y.: 2019 / 2020
Diploma I and II Year
Start Date: 29-05-2020
Time: 2:00
Time: 2:00
Due Date: 31-05-2020
Student Name
Student ID
Specialization
Section
Level
Diploma 2nd Year
Course Name
Principles of Macroeconomics
Course Code
BAEC2204
For official Use Only
Question No.
Max. Marks
1
2
3
4
5
6
7
8
9
10
Grand Total
Marks
5
5
5
5
5
5
5
5
5
5
50
Obtained
Marks
Question No.
1
2
3
4
5
6
7
8
9
10
Max.
Marks
5
5
5
5
5
5
5
5
5
5
50
First Marker:
Second Marker:
Date:
Date:
Obtained
Marks
Guidelines for Students to Submit the Assignment:
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Section A
Important: – Each answer should have minimum 100 words, if data or table used to
support your answer, must give proper reference
Only upload answer with question number in MS word, please don’t copy any question,
case, instruction or any other information
Read the following article and answer the questions
Central Bank of Oman has a significant role to play in the debt management function of the
Government, first as an issue manager and then as an agency to service the loans.
Government issues two forms of debt instruments: the treasury bills and the Government
Development bonds.
Central bank of Oman is banker’s bank and a chief financial advisor to the government. The
central bank is prime authority in the country to control the monetary credit by its different
tools using its own or controlling using the help of commercial banks. The central banks
evaluate the monetary flow time to time and decide the relevant credit control facility to
ensure the economic stability and growth.
Treasury Bills are short-term financial instruments of the Government of the Sultanate of
Oman to finance their day-to-day recurrent expenditures. CBO has been officially assigned as
a fiscal agent by the government to perform the role of issue manager, paying agent,
receiving agent, planning agent on all issues of T-bills on their behalf. The treasury bills are
highly secured financial instruments that help banks to gainfully invest their surplus funds
with the added advantage of CBO providing ready liquidity through discounting and
repurchase facilities. At present, the government issues these instruments in the maturity
periods of 28-Days, 91-Days, and 182-Days through a competitive auction process.
The Government Development Bonds are financial instruments issued by the Government of
the Sultanate of Oman to provide an investment outlet for the surplus resources available in
the economy and also to finance the capital expenditure of various developmental projects
envisaged in the Five Year Development Plans, or/and to finance the fiscal deficit. The bonds
are direct and unconditional obligations of the Government and hence they are considered as
risk-free benchmarks for the system.
The bonds are long-term instruments that carry a maturity of more than one year, generally
issued for maturities ranging from 2 to 10 years, and the interest is paid semi-annually. The
bonds are also issued through a competitive auction process. The bidding of these bonds is
opened for Residents & non- residents. The secondary market trading of bonds can take place
at the Muscat Securities Market at prices determined by the market forces of supply and
demand.
Source: – https://cbo.gov.om/Pages/AgencyFunction.aspx
1. There are various tools mentioned in the article which Government of Oman is using to
boost the economy. These tools are part of which economic tool being used for the
growth of the economy? How do these tool help in stabilising Aggregate demand and
aggregate supply. [2+3=5 Marks]
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2. Case states that Central bank play a major role in DEBT management of the economy.
What is Debt for an economy? In what way the DEBT affects the economy.
[2.5+2.5=5 Marks]
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3. Central bank supports the government in regulating the economy. Does Commercial
bank also play an equally import role in regulating the economy? Justify your answer
with reasons. Discuss the primary role of commercial banks in such environment to
support economic activities. [2.5 +2.5= 5 Marks]
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Section B
Important: – Each answer should have minimum 100 words, if data or table used to
support your answer, must give proper reference
Read the given article and answer the question.
The Middle Eastern economy is expected to slow down from an estimated 1.5 per cent last
year to about 0.6 per cent in 2019, the slowest in almost a decade. According to the report,
the Middle East GDP growth forecast slowdown is primarily driven by a deeper-thanexpected recession in Iran, one of the region’s largest economies. In the GCC, the burden of
generating economic growth and employment is expected to fall more on the non-oil sector in
2019. Lower oil prices pose a challenge for a number of GCC countries that rely heavily on
hydrocarbon receipts to balance their budgets, notably Bahrain and Oman.
Oil producers in the Middle East will also see limited growth in the oil sector, the traditional
engine of economic growth and a primary source of government revenues, given the
anticipated extension of the output cuts by OPEC to balance the international oil markets. Oil
prices are forecast to average around US$67 per barrel in 2019, down by some 5.6 per cent
from the average of US$71pb last year.
In 2019, the non-oil sector will continue to be supported by various pro-growth government
initiatives, expansionary budgets and fiscal stimulus plans, especially in Saudi Arabia and the
UAE, the two largest GCC economies. The non-oil sector in the GCC is expected to
accelerate from an estimated 2.3 per cent last year to 2.6 per cent in 2019.
Michael Armstrong, FCA and ICAEW Regional Director for the Middle East, Africa and
South Asia (MEASA), said: “The outlook for Middle Eastern economies remains challenging
for the rest of 2019 as global developments continue to be of crucial importance to the region.
Growth prospects for the Middle Eastern economy have deteriorated as geopolitical risks,
involving Iran especially, have risen in the last year.
Source:-https://english.alarabiya.net/en/business/economy/2019/07/22/Middle-Easterneconomy-to-slow-down-0-6-percent-in-2019-Report.html
4. What is contribution of Oil sector in GDP of Oman? As mentioned in the case as the Oil
prices are going down what measures are being taken by the government to diversify
the economy? [2+3 = 5 Marks]
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5. Fall in oil prices is a common problem faced by all oil producing countries. Will it have
SPILL OVER effect on Oman’s economy? Which areas of the economy will be most
affected? Support your answer with data with references for it. [2+3 = 5 Marks]
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