List of practice Questions

Discuss the equilibrium of a firm under perfect competition in the long run.
What do you understand by Total Utility?
Explain Production Function.
State the assumptions of Perfect Competition.
What do you understand by Gross Domestic Product?
What is Consumption Function?
What do you understand by Cash Reserve Ratio?
What do you understand by Fiscal Deficit?
Which of the following determine the price under perfect competition?
Which of the following is not a function of the Reserve Bank of India?
The Balance of Payments is an annual accounting statement of a nation's:
The point of interaction of Aggregate Supply curve and Aggregate Demand curve is known as the point of:
Which one of the following concepts of money supply is called 'Broad Money' in India?
If Marginal Propensity to Consume (MPC) is 0.5, then income multiplier is:
What is Centralised Planned Economy?
Demand curve shows the relationship between:
The slope of Indifference curve is:
Which of the following curves is shaped like a Rectangular Hyperbola?
Returns to Scale is related with:
Explain the meaning of devaluation and appreciation of currency in the Foreign Exchange market.
Explain the concepts of 'total fixed cost', 'total variable cost', and 'total cost'.
Describe the characteristics of a 'Perfectly Competitive Market'.
Explain the concepts of 'Revenue deficit', 'Fiscal deficit' and 'Primary deficit'.
What do you understand by Balance of Payments? Write the main items of Current account and Capital account related to it.
Write the definition of 'central bank'. Describe the various functions of a central bank.