File Details:

Questions:

1. What is an economic activity?
2. What do you understand by Micro-economics?
3. Define capitalist economy.
4. Explain the Law of Diminishing Marginal Utility.
5. Discuss the law of Demand.
6. Explain the circular flow of income.
7. Distinguish between national income and domestic income.
8. Explain any two functions of money.
9. Define commercial bank.
10. How is the central bank different from commercial bank?
11. Explain the law of demand and its assumptions.
12. What do you understand by National Income? Explain any two methods of calculating National Income.
13. What is Barter system? Mention its difficulties.
14. What do you mean by credit control? Explain the methods of credit control by Central Bank.
15. What do you mean by Exchange Rate? Explain the main factors which determine exchange rate.