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Important Questions for "Macroeconomic":

[1]

  1. What do you understand by a trade cycle?
  2. Enumerate problems in the measurement of national income in a developing economy.
  3. Enumerate briefly the characteristics of trade cycle. Also briefly explain Samuelson's approach to trade cycle.

[2]

  1. Explain the importance of agriculture in India.
  2. Explain the main components of New Industrial Policy of India.
  3. Write an essay on agricultural development in India during planning period.

[3]

  1. Which issue is concerned with macroeconomics?
  2. Economic growth is related with:
  3. In Marshall's theory of money M= KY, Total Supply of money is expressed by:

[4]

  1. Who is considered the father of Macroeconomics?
  2. What is induced investment a function of?
  3. Discuss the main objectives of fiscal policy.

[5]

  1. Explain the essential differences between macroeconomic and microeconomic approaches and their significance for economic theory.
  2. Explain the law of diminishing marginal utility. Does it apply to money?
  3. What is return to scale? Discuss its various types.

[6]

  1. Differentiate between Microeconomics and Macroeconomics.
  2. Differentiate between change in demand and shift in demand.
  3. Explain briefly the functions of WTO.

[7]

  1. What does macroeconomic policy comprise?
  2. What does the macroeconomic policy of India comprise?
  3. Where is the headquarters of the WTO located?

[8]

  1. Explain food availability decline theory or describe macroeconomics and its scope.
  2. Define full employment, voluntary unemployment, and involuntary unemployment.
  3. Discuss the differences between direct taxes and indirect taxes.

[9]

  1. What are the objectives of macroeconomic policy?
  2. What are the monetary measures to control inflation?
  3. What are fiscal measures to control inflation?

[10]

  1. What are the macroeconomic stabilization measures taken under the new economic policy?
  2. Give a brief account of problems faced by agriculture in India.
  3. Give an account of industrial policies in India prior to 1991. In what sense did the new industrial policy of 1991 reform the Indian economy?

[11]

  1. Which of the following is not a macroeconomic concept?
  2. What law governs short-run production function?
  3. What condition exists in monopoly equilibrium?

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