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Important Questions for "Microeconomic":

[1]

  1. Micro economics studies the economic behaviour of:
  2. Economic growth is related with:
  3. For economic development which one is true?

[2]

  1. Explain the essential differences between macroeconomic and microeconomic approaches and their significance for economic theory.
  2. Give the merits and demerits of deductive methods.
  3. Define MNCs and explain their merits and demerits in the Indian economy.

[3]

  1. Differentiate between Microeconomics and Macroeconomics.
  2. Differentiate between change in demand and shift in demand.
  3. What are the main objectives of monetary policy? What are the limitations of monetary policy in an underdeveloped economy?

[4]

  1. What do you understand by microeconomics?
  2. Differentiate between gross national product at market prices and net national product at market prices.
  3. Describe the major functions of Indian commercial banks.

[5]

  1. What is demand elasticity for luxury goods?
  2. Which functions do commercial banks perform?
  3. What is not an equilibrium condition for monopoly firms?

[6]

  1. What do you understand by ridge lines?
  2. What are the main determinants of the elasticity of demand?
  3. What is meant by equilibrium of a firm in perfect competition? Discuss the conditions of short-run and long-run equilibrium under perfect competition.

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