File Details:

Questions:

1. What is the law of demand?
2. What is fixed cost?
3. What is return on scale?
4. Define trade cycle.
5. Explain the term National Income.
6. Distinguish between price elasticity and income elasticity of demand.
7. Discuss the various types of inflation.
8. Write a brief note on MNCs.
9. Define perfect competition and explain its features.
10. How can you measure the National Income and output of a country?
11. Discuss various phases of the trade cycle.
12. Define monetary policy and explain its various components.
13. Discuss the difference between the different forms of market.