List of practice Questions

What do you mean by Price Elasticity of Demand? Explain the factors affecting it.
Clarify the difference between Short Period and Long Period in production.
Explain the concept of National Income.
What do you understand by Primary Deficit?
Define Supply of Money.
What do you understand by Elasticity of Demand? Write the various methods of measurement of Elasticity of Demand.
What do you understand by Indifference Curve? Explain its characteristics.
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?