List of top Economics Questions

Explain with diagram the effect of time element on equilibrium price.
Why does the budget line slope downward?
Give the formula for measuring price elasticity of demand according to percentage method.
Define marginal rate of substitution.
What is the reason for the backward bending labour supply curve?
What is the difference between inflationary gap and deflationary gap?
What is meant by complementary goods?
Explain any two objectives of government budget.
What is ordinal utility?
Define normative economics with a suitable example.
What are the shapes of AR and MR curves, when each unit is sold at the same price?
Explain the two main functions of central bank.
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?
What is market equilibrium?
What is meant by determination of price ceiling?
Which items are included in balance of trade?
What is deficit budget?
Why does an economic problem arise?
Why does demand curve slope downward?
What are the two main features of monopoly?
What is statutory liquidity ratio (SLR) called?
State two important reasons by which excess demand is generated.
What is marginal propensity to consume?
Define macroeconomics.