List of practice Questions

What is meant by determination of price ceiling?
Explain the two main functions of central bank.
What is deficit budget?
Show the AR and MR curves in monopolistic competition through a diagram.
Which items are included in balance of trade?
Out of the three concepts of revenue, which is also known as price?
What are the shapes of AR and MR curves, when each unit is sold at the same price?
What is market equilibrium?
Define normative economics with a suitable example.
Why does demand curve slope downward?
What is statutory liquidity ratio (SLR) called?
State two important reasons by which excess demand is generated.
What is marginal propensity to consume?
Why does an economic problem arise?
Define macroeconomics.
When does production possibility curve shift to the right?
What are the two main features of monopoly?
Which of the following is not a revenue receipt?
What is the correct component of the union budget of India?
What will happen to MP (marginal product), when TP (total product) increases at an increasing rate?
What do you mean by fixed factors?
Give two examples of variable costs.
What is the difference between fixed and flexible rates of exchange?
What is the difference between cash credit and overdraft?
If inflation is to be controlled, the RBI