CH 1 INTRODUCTION TO ECONOMICS

LAQS
Que 1 Examine the wealth and welfare definitions of economics.
Que 2 Explain the concept and scope of microeconomics and macroeconomics.
Que 3 Explain the different types of goods.
SAQS
Que 1 Examine the welfare definition of economics.
Que 2 Explain the scarcity definition of economics.
Que 3 Explain the growth definition of economics.
Que 4 Distinguish between microeconomics and macroeconomics.
Que 5 Explain the differences between free goods and economics goods.
Que 6 what is utility? What are its types?
VSAQS
Que 1 explain the wealth definition.
Que 2 What is positive economics?
Que 3 What is normative economics?
Que 4 Explain the consumer goods.
Que 5 Explain the capital goods.
Que 6 Explain value in use concept.
Que 7 Explain value in exchange concept.
Que 8 What is price?
CH 2 THEORIES OF CONSUMER BEHAVIOUR
LAQS
Que 1 Describe the law of diminishing marginal utility , its limitations and
importance.
Que 2 Illustrate the consumer’s equilibrium using indifference curve analysis.
Que 3 Discuss the consumer’s equilibrium with the help of equi-marginal utility
SAQS
Que 1 What is an indifference curve? What are its assumptions?
Que 2 Examine the concept of the law of equi-marginal utility. Point out its
assumptions.
Que 3 Explain the concept of cardinal utility, ordinal utility, total utility and
marginal utility.
VSAQS
Que 1 Define utility.
Que 2 Explain cardinal utility.
Que 3 Explain ordinal utility.
Que 4 Explain total utility.
Que 5 Define marginal utility.
Que 6 What is price line/ budget line?
Que 7 Draw indifference map.
Que 8 Explain the relationship between total utility and marginal utility.
CH 5 MARKET ANALYSIS
LAQS
Que 1 Describe the classification of markets.
Que 2 Explain the meaning of perfect competition. Illustrate the mechanism of
price determination under perfect competition.
Que 3 What is monopoly? Explain how the price is determined under monopoly.
SAQS
Que 1 What is monopoly? What are its characteristics?
Que 2 What are the characteristics of monopolistic competition?
Que 3 What is oligopoly? Explain its characteristics.
Que 4 Explain the concept of duopoly and its characteristics.
Que 5 Compare perfect competition and monopoly.
VSAQS
Que 1 Define market.
Que 2 Give a note on time based markets.
Que 3 Give a note on area based markets.
Que 4 Give a note on the competition based markets.
Que 5 What is perfect competition?
Que 6 Explain equilibrium price.
Que 7 What is product differentiation?
Que 8 What are selling costs?
CH 6 THEORIES OF DISTRIBUTION
LAQS
Que 1 Define rent and explain critically the Ricardian theory of rent.
Que 2 What is meant by real wages? What are the factors that determine the real
wages?
Que 3 Explain about the gross interest and net interest.
Que 4 What is meant by profit? Explain various concepts of profit.
SAQS
Que 1 Explain the types of distribution in income.
Que 2 What are the factors that determine the factor prices?
Que 3 What are the determining factors of real wages?
Que 4 Explain the concept of gross profit.
VSAQS
Que 1 What is contract rent?
Que 2 What is economic rent?
Que 3 What are money wages?
Que 4 What are time wages?
Que 5 What are price wages?
Que 6 What is gross profit?
Que 7 What is net profit?
CH 7 NATIONAL INCOME ANALYSIS
LAQS
Que 1 What are the various definitions of national income? Describe the
determining factors of national income.
Que 2 Define national income and explain the various concepts of national income.
Que 3 What are the various methods of calculating national income? Explain them.
SAQS
Que 1 What are the factors that determine national income.
Que 2 Explain the differences between gross national product at market prices and
gross national product at factor prices.
Que 3 What are national income at market prices and national income at factor
cost?
VSAQS
Que 1 What is national income?
Que 2 Mention the factors that determine National income.
Que 3 Explain the concept of gross national product.
Que 4 What is Net National Product at factor cost?
Que 5 What is personal income?
Que 6 What is real per capita income?
Que 7 What are the components of National Income?
CH 8 THEORIES OF EMPLOYMENT AND PUBLIC FINANCE
LAQS
Que 1 Discuss the concept of public finance. Describe the sources of public
revenue.
Que 2 Explain the concept of public debt. Describe the various methods of
redemption of public debt.
Que 3 Analyze the central-state financial relations in India.
Que 4 Write an essay of federal finance.
Que 5 Describe the concept, components and types of budget.
SAQS
Que 1 What are the sources of public revenue?
Que 2 List out various items of public expenditure.
Que 3 Point out the redemption methods of public debt.
Que 4 What are the characteristics of federal finance?
Que 5 Write a note on Finance Commission and its functions.
Que 6 Explain the budget deficits.
VSAQS
Que 1 Define public finance.
Que 2 Differentiate tax revenue and non-tax revenue.
Que 3 What is meant by public expenditure?
Que 4 What is a public debt?
Que 5 What are the debt redemption methods?
Que 6 What is capital levy?
Que 7 What is federal finance?
Que 8 Mention the functions of Finance Commission.
Que 9 What is budget?
Que 10 What are the components of budget?
Que 11 What is meant by primary deficit?
Que 12 What are the exclusive powers of Union Government?
Que 13 What is fiscal deficit?
Que 14 Write about Fourteenth Finance Commission.
Que 15 Write about Fifteenth Finance Commission.
Que 16 Write, in brief, about GST.
CH 9 MONEY, BANKING AND INFLATION
LAQS
Que 1 Discuss the evolution of money. Explain its types.
Que 2 Define money and explain the functions of money.
Que 3 Describe the functions of the commercial banks.
Que 4 What are the functions of Reserve Bank of India?
Que 5 Define inflation. Explain the types and effects of inflation.
Que 6 What are the causes of inflation? Suggest remedial measures to control
inflation.
SAQS
Que 1 What is barter system? What are its difficulties?
Que 2 Discuss money related concepts.
Que 3 Distinguish between different types of money.
Que 4 Explain the primary and secondary functions of money.
Que 5 Explain the different kinds of deposits accepted by commercial banks.
Que 6 Explain different types of loans and advances paid by the commercial banks.
Que 7 State any three major (general) functions of a central bank.
Que 8 Define inflation and explain its types.
Que 9 Identify the causes of inflation.
Que 10 Explain the effects of inflation.
VSAQS
Que 1 What is barter system?
Que 2 What are the functions of money?
Que 3 What is paper money?
Que 4 What do you understand by store of value of money?
Que 5 What is token money?
Que 6 Explain creation of credit.
Que 7 What is net banking? Explain the merits of it.
Que 8 Write about the main objectives of Central Bank.
Que 9 Explain the types of inflation.
Que 10 What are dynamic functions of money?
Que 11 What is currency?
Que 12 What are cash credits?
Que 13 What is meant by discounting of bills of exchange?
CH 10 BASIC STATICS FOR ECONOMICS
CHECK THE CHAPTER QUESTIONS.
THEY CONTAIN DATA.