List of top Economics Questions

Define investment multiplier. What is the relation between investment multiplier and marginal propensity to consume?
Explain the law of demand with the help of diagram. Describe any five factors that affect the demand for a commodity.
How is technological progress a determinant of supply of a good by a firm? Explain.
What is the law of diminishing returns? Why does this law become operative?
Explain with diagram the effect of time element on equilibrium price.
Define marginal rate of substitution.
Why does the budget line slope downward?
What is meant by complementary goods?
What is ordinal utility?
What is the difference between inflationary gap and deflationary gap?
What is the reason for the backward bending labour supply curve?
Explain any two objectives of government budget.
Give the formula for measuring price elasticity of demand according to percentage method.
Explain the two main functions of central bank.
Which items are included in balance of trade?
What is deficit budget?
Define normative economics with a suitable example.
What is meant by determination of price ceiling?
Out of the three concepts of revenue, which is also known as price?
What is market equilibrium?
What are the shapes of AR and MR curves, when each unit is sold at the same price?
Show the AR and MR curves in monopolistic competition through a diagram.
What is statutory liquidity ratio (SLR) called?
Why does an economic problem arise?
What is marginal propensity to consume?