List of top Economics Questions

What is Monopoly? What are its main features?
What is meant by Macroeconomics? Discuss its scope.
Define central bank and explain its functions.
Define supply. Mention the causes which determine the supply of a commodity.
Define perfect competition.
What do you mean by Mixed Economic System?
Explain the importance of the study of Microeconomics.
What is economic activity?
Explain the Law of Demand. What are its assumptions?
What is Market Supply?
Mention the four determinants of elasticity of supply.
Define Utility.
State two sources of supply of foreign exchange.
Define flow.
Define Government Budget.
When the elasticity of demand is unitary?
What is meant by demand?
Which items are included in balance of trade?
What is meant by production function?
What are the two forces in determining the price of the goods?
Define market equilibrium.
Explain the relation between Total Revenue and Marginal Revenue.
What is meant by Fiscal policy?
What is meant by recession?
What is meant by producer's equilibrium?