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Economics Important Question Bank 2020
- Define service utility
- Define government budget
- What is market demand? What are the features of market demand? Explain with examples.
- What is induced consumption expenditure?
- Explain briefly Giffen’s paradox.
- Explain briefly law of demand with suitable example. Write the exception of law of demand.
- Explain briefly law of supply with suitable example. Write the exception of law of supply.
- Explain different types of demand.
- Explain briefly increase and decrease of demand and supply with examples.
- Define national income. What are the characteristic of national income?
- Define national income. What are the methods used to measure national income?
- What are the measures of credit control adopted by the central bank?
- Explain the law of diminishing marginal utility.
- Define aggregate demand. Explain the determinants of aggregate demand.
- Distinguish between commercial bank and central bank.
- What is expansion of demand?
- What is expansion of supply?
- What is contraction of supply?
- What is the distinction between microeconomic and macroeconomic?
- Explain with diagram determination of equilibrium price under perfect competition.
- Explain monopoly. Write the features of monopolistic competition.
- What are the types of loans and advances given by the commercial bank?
- Define utility. What are the characteristics of utility?
- Define macroeconomic. Write the feature of macroeconomic. Explain how macroeconomic is different from microeconomic.
- Explain the methods used for measuring elasticity of demand.
- Define perfect competition. What are the features of perfect competition?
- Write the distinction between Gross national product and Net national product.
- What is the primary and secondary function of money? Explain in details.
- Short note on Lumping method
- Short note on Slicing method
- Short note on government expenditure.
- Short note on capital. What are the kind/ types of capital?
- Short note on capital deficiency.
- What is partial equilibrium? Explain in detail with suitable example and diagram.
- Define marginal cost.
- Define total cost
- Define land. What are the features of land?
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