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Questions:

1. Which term is used for Income Demand curve?
2. Who said 'Economics is logic of selection'?
3. Name two components of primary sectors.
4. When is Average Cost at its minimum?
5. What is the law of price elasticity of demand?
6. What is Total Revenue?
7. What is cost function?
8. Homogeneous goods are an important feature of which market?
9. What is Giffen paradox?
10. What are zero elasticity and infinite elasticity?
11. What is income effect?
12. What is meant by Average production?
13. What is Quasi Rent?
14. What is equilibrium price?
15. What is the difference between substitute goods and complementary goods?
16. By which percentage method is the elasticity of demand measured?
17. Explain the concept of Average Revenue.
18. What are the causes of change in supply?
19. Explain different types of market.
20. Why is the short run average cost curve U-shaped?
21. Explain firm's equilibrium in Non-perfect competition.
22. Explain the causes of the downward slope in the demand curve.
23. Distinguish between Giffen goods and Inferior goods.
24. Explain Consumer's equilibrium with the help of Indifference Curve Analysis.
25. What is cross elasticity of demand? How is it measured?
26. What is the relationship between CRR and Credit Multiplier?
27. What does GDP at market price mean?
28. What type of tax is Income Tax - Direct or Indirect?
29. For what purpose was the second Narsimham Committee constituted?
30. In an open economy, Consumption + Investment + Export - Import equals what?
31. What is the basis of derived deposits?
32. What is Credit Card?
33. What is the full form of PLR?
34. What is Capital Adequacy Ratio Criteria?
35. What is seasonal unemployment?
36. What are deposits?
37. Define Clearing house.
38. What is progressive tax?
39. What is exchange rate?
40. Distinguish between inflationary and deflationary gap.
41. What is the relationship between primary deposits and derived deposits?
42. Clarify 'Excess demand shows inflationary gap.'
43. What is the role of bank rate in credit control?
44. Explain the properties of money.
45. What is Budget? Discuss Performance Budget and Gender Budget.
46. Distinguish between fixed and flexible exchange rate.
47. What is balance of Trade? Distinguish between current account and capital account in balance of payments.
48. Explain Gross Domestic Product (GDP) and Gross National Product (GNP).
49. If marginal propensity to consume is 0.65 and investment increases by 90 crores, calculate the increase in total income and consumption expenditure.
50. Explain the main points of Keynesian theory of income and employment.