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Important Questions for "Macroeconomic":

[1]

  1. Distinguish between average and marginal propensity to consume.
  2. Explain circular flow of income in two and three-sector economics.
  3. Write a note on acceleration principle.

[2]

  1. What are the causes of Rural Poverty?
  2. What do you mean by Industrial Relations?
  3. Describe the objectives and provisions of M.R.T.P. act.

[3]

  1. Which issue is concerned with macroeconomics?
  2. According to Fisher money is demand for:
  3. According to Pique effect, when there is deflation of prices:

[4]

  1. Who is considered the father of Macroeconomics?
  2. Who introduced the concept of 'money illusion'?
  3. What is the meaning of VAT and its significance?

[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. Show how in perfect competitive equilibrium the price of a commodity is equal to its average and marginal cost of production.

[6]

  1. Differentiate between Microeconomics and Macroeconomics.
  2. What is meant by Price Mechanism?
  3. What do you understand by economies of scale?

[7]

  1. What does macroeconomic policy comprise?
  2. What does the macroeconomic policy of India comprise?
  3. What does 'Highly Powered Money' according to RBI denote?

[8]

  1. Explain food availability decline theory or describe macroeconomics and its scope.
  2. What do you understand by price elasticity of demand? What are the different types of price elasticity?
  3. Explain the primary, secondary, and tertiary sectors of the economy or describe inflationary gap and reasons for excess demand.

[9]

  1. What are the objectives of macroeconomic policy?
  2. What is exchange rate policy of India?
  3. Explain the role of MNCs in India.

[10]

  1. What are the macroeconomic stabilization measures taken under the new economic policy?
  2. What do you mean by agricultural marketing?
  3. What is Globalisation? Describe the steps taken by the government of India towards globalisation and its effect on the Indian economy.

[11]

  1. Which of the following is not a macroeconomic concept?
  2. Is managerial economics primarily a study of macro concepts?
  3. Where does a firm reach its shutdown point?

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