List of practice Questions

What do you mean by Perfect Competition? Discuss its salient features.
Establish the relationship between Marginal Propensity to Consume and Average Propensity to Consume with the help of an example and diagram.
What is Macro-Economics?
What are Final Goods?
Establish relationship between Marginal utility and Total utility with the help of an example and diagram.
What do you mean by Budget line? Explain it with the help of an example and diagram.
Explain Fixed cost, Variable cost and Total cost.
What do you understand by Foreign Exchange Rate? What are its various types?
What is Marginal utility?
What do you mean by Revenue?
What is meant by the word 'Market'?
What is meant by Average Production?
What is meant by Full Employment?
What is effective demand?
When marginal production increases, then total production increases at which rate?
Who is the Finance Minister in India, at present?
Where is the headquarters of Reserve Bank?
Most populous country in the world at present is
Net Domestic Product is equal to
When did economic depression occur in the world?
Who wrote the famous book "Principles of Economics"?
"What ought to be?" is a subject matter of
How many factors of production are there in modern age?
Willingness to obtain a commodity is called
What do you understand by Average Cost (AC) and Marginal Cost (MC)? Explain the mutual relation between these curves.