Business Economics-II (Imp Questions)

Q1. Explain in detail the scope of macroeconomics. Uses of Macroeconomics? [pg 4 & 5 , 12&13]
Or
What do you understand by Macroeconomics? Discuss its nature & limitation? [pg 22 & 23]
Q2 Discuss the methods of calculating National Income? Precautions in measurement of National
Income? [ch 3]
Q3. Explain the Classical theory of Income, Output & Employment. Criticism to this theory [Pg 72 to 82]
Q4. Critically examine the Say Law of market. [ Pg 88 to 96]
Q5 Explain in detail how income and employment is determined in Keynes Theory. [Pg 101 to 113]
Q6 Explain the psychological Law of Consumption? What is importance? Cite example also [Pg 143
Or
What is the meaning of propensity to consume ? Explain the factors which determine the propensity to
consume . [ Pg 133 and 147 to150 ]
Q5. What is autonomous and induced investment? Discuss the factors which influence investment. [ Pg
159,160, 165, 166]
Q6 What is MECL Marginal Efficiency Of Capital? What are its determinants ? evaluate theory of
Secular slagnation? [ Pg 172-181 and 184-187]
Q6. Explain the concept of multiplier. What are the leakages in the multiplier? Uses of Multiplier ?Write
in detail. [ Pg 200 to 208]
Q7. What is monetary policy? Discuss the various instruments of monetary policy which stabilize and
Boost the economy. [ Pg 259-261 ,263-265]
Q8 Fiscal Policy of the India [ full chapter]
Q9. Discuss the various causes and effects of inflation. Types of Inflation ? Measures to control it? [282
to 284, 297 to 299]

STUDY SOLUTIONS Mitesh Sethi

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