List of practice Questions

Define supply. Mention the causes which determine the supply of a commodity.
What is Monopoly? What are its main features?
What is meant by Macroeconomics? Discuss its scope.
Explain the importance of National Income.
What are the main functions of money?
Define central bank and explain its functions.
Two equal positive point charges of 1 μC charge are kept at a distance of 1 metre in air. The electric potential energy of the system will be.
Which one of the following is the unit of capacity?
What is Market Supply?
Mention the four determinants of elasticity of supply.
Define perfect competition.
What is economic activity?
What do you mean by Mixed Economic System?
Define Utility.
Explain the importance of the study of Microeconomics.
Explain the Law of Demand. What are its assumptions?
What are the two forces in determining the price of the goods?
Define flow.
What is meant by demand?
When the elasticity of demand is unitary?
What is meant by production function?
Define Government Budget.
State two sources of supply of foreign exchange.
Which items are included in balance of trade?
What is Say's law of market?