List of top Economics Questions

What is ordinal utility?
Define marginal rate of substitution.
Why does the budget line slope downward?
What is meant by complementary goods?
Explain the two main functions of central bank.
Define normative economics with a suitable example.
What is deficit budget?
What is meant by determination of price ceiling?
What is market equilibrium?
Which items are included in balance of trade?
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.
Out of the three concepts of revenue, which is also known as price?
Why does demand curve slope downward?
Define macroeconomics.
State two important reasons by which excess demand is generated.
Why does an economic problem arise?
What are the two main features of monopoly?
What is statutory liquidity ratio (SLR) called?
What is marginal propensity to consume?
When does production possibility curve shift to the right?
Give two examples of variable costs.
What do you mean by fixed factors?
What will happen to MP (marginal product), when TP (total product) increases at an increasing rate?
What is the difference between fixed and flexible rates of exchange?