ECONOMICS-2023
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- Write any three characteristics of capitalistic economy and mixed economy.
- What do you mean by macro-economics ? write its characteristics.
- Distinguish between micro economics and macro economics. (Any three)
- What is opportunity cost ? Explain with example.
- What do you mean by production possibility (PPC )?
- Differentiate between economic activities and non economic activities. (Any three)
- Differentiate between centrally planned economy and market economy . (Any three)
- Differentiate between law of demand and elasticity of demand.
- Write the essential elements of demand.
- What do you mean by utility ? Explain the types of utility.
- Write any five factors affecting elasticity of demand.
- Explain the factors affecting demand.
- Differentiate between substitute goods and complementary goods.
- What is indifference curve ? write its features/ characteristics.
- Explain the difference between individual demand and market demand schedule.
- Write any five exceptions (limitations) to the law of demand.
- Differentiate between fixed cost and variable cost. (any four)
- Distinguish between stock and supply.
- Why cost curves are ‘U’ shaped. Give reasons.
- Write exceptions to the law of supply.
- . Distinguish between market price and normal price.
- Classify market on the basis of time .
- Classify market on the basis of area of region.
- Distinguish between national income and national wealth.
- Discuss the importance of national income.
- Distinguish between national income and per capita income.
- Distinguish between stock and flow.
- Write five suggestions to increase national income in india.
- Distinguish between closed economy and open economy.
- What are the causes of low national income in India.
- Differentiate between stock money and flow money .
- Define money ? Write primary functions of money. (or) “Money is the medium of exchange” explain
- “Money is a good servant but a bad master” explain.
- What is barter system ? What are its defects \ drawbacks ?
- What is central bank Explain five functions of RBI (central bank ) in detail.
- Write any four functions of commercial banks.
- State the difference between metallic money and paper money.
- .Differentiate between central bank (RBI) and commercial bank.
- Discuss the importance of bank’s in India.
- Explain the merits of a good money material.
- Discuss the measures to correct excess demand.
- Differentiate between excess demand and deficit demand.
- What is deficit demand ? what are its causes ?
- Write a note on surplus budget, balance budget and deficit budget.
- Differentiate between direct tax and indirect tax.
- Explain the types of budget.
- Differentiate between revenue Expenditure and capital Expenditure.
- Differentiate between revenue receipts and capital receipts.
- Suggest measures to improve the condition of adverse balance of payments.
- Differentiate between balance of trade and balance of payments.
- Give arguments in favour and against fixed exchange rate.
- Explain the factors affecting fluctuations in foreign exchange.
- Discuss the monetary measures to correct disequilibrium in the balance of payments.
- Discuss the Non-monetary measures to correct disequilibrium in the balance of payments
- Substitute Goods? Complementary Goods?
- Giffen Goods (Giffen Paradox)? Utility ?
- Consumption Goods ? Capital Goods ?
- (Consumer ) Final Goods ? Budget Line ?
- Law Of Supply ? Gross Domestic Production(GDP) ?
- Capital Budget? Supplementary Budget?
- Tax Evasion? Inferior Goods ?
- Monotonic Preferences ? Central Bank
- Consumers Budget Paradox Of Thrift
- Excess Supply Mixed Income
- Excess Demand ? “Says Law Of Market”
