File Details:

Questions:

1. Define Gross National Product.
2. Explain the difficulties of the barter system.
3. What is the law of supply? Explain with examples.
4. List the characteristics of a government budget.
5. Differentiate between primary and secondary sectors.
6. Describe the types of deposits in banks.
7. Explain the concept of limitations in Economics.
8. Differentiate between direct and indirect taxes.
9. Describe the functions of commercial banks.
10. List the characteristics of balance of payments.
11. Explain the types of economic activities.
12. What are the methods of credit control by the Central Bank?
13. Why is the slope of the demand curve downward?
14. Define government budget and explain its features.
15. Discuss the functions of money.