File Details:

{"file_name":"bihar-board-class-12-business-economics-2015.pdf","subject":"Business Economics","board":"Bihar Board","class":"12","year":"2015"}

Questions:

  1. What are the different types of economic system?
  2. What is Indifference Curve?
  3. What is elasticity of demand?
  4. What do you mean by Giffen goods?
  5. Explain the static and dynamic functions of money.
  6. How is central bank different from commercial bank?
  7. What do you mean by Returns to Scale?
  8. What is the shape of demand curve of a firm in perfect competition?
  9. What is inflationary gap?
  10. What is the difference between trade balance and balance of payments?
  11. What is law of diminishing marginal utility? Explain its importance and limitations.
  12. What is elasticity of supply? Explain two methods of its measurement.
  13. Explain important functions of a central bank.
  14. What is the principle of effective demand?
  15. What is the function of money?
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