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What are commercial banks? Explain the functions.
Meaning of Commercial Banks: The bank which performs all kinds of banking business generally finance trade and commerce are called commercial banks. The functions of commercial banks are accepting deposits, advancing loans, credit creation and other agency functions. Commercial banks are profit-oriented institutions that play a very important role in the financial system. They are…
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Explain the importance of commercial banks?
Meaning: Commercial banks are profit-oriented institutions that play a very important role in the financial system. They operate and regulated by government authorities. Their primary objective is to provide financial services that help to facilitate the flow of money within the economy. These banks contribute to economic stability of a nation. The importance of commercial…
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Explain the features of Macro economics.
Introduction: Features of macro economics is the important part of study of macro economics. Macroeconomics is a branch of economics that focuses on the study of the entire economy as a whole. It examines aggregate phenomena, such as overall output, employment, inflation, and national income. Unlike microeconomics, which looks at individual economic agents like households…
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What is Disequilibrium in Balance of Payments? Explain its causes.
Introduction: Balance of payment of a country is a systematic record of its receipts and payments in international transaction in a given year. Each transaction is entered on the credit and debit side of the balance sheet. The credit sides are visible and invisible exports, transfer receipts in the form of gift received from foreigners,…
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What is Micro Economics? explain its features.
Micro economics Meaning: Microeconomics is a branch of economics that focuses on the study of individual economic units at the level of households, firms, and industries. It examines how these entities make decisions regarding the allocation of resources, production, consumption, and pricing of goods and services. Microeconomics is concerned with the behavior of individual agents…
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Micro Economics-5-Questions for Internal Assessment Test for Semester-4
DURATION: 1 HOUR MAX MARKS-10 INSTRUCTIONS- Q. NO. 1. a. Define Micro Economics? Explain the uses and limitations of micro economics? 1×7=7 OR b. What is elasticity of demand? Explain the degrees of elasticity of demand? Q. NO.2.a. Economic Dynamics. 1×3=3 OR b. Law of Supply.
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Questions for Internal Assessment Test for Semester-4 (Economics-6-Macro Economics)
DURATION: 1 HOUR MAX MARKS-10 INSTRUCTIONS- Q.NO.1.a. what is Macro Economics? Explain the merits and demerits of macroeconomics? 1×7=7 OR b. Explain the Keynes theory of Employment? Q.NO.2.a. Social Accounting. 1×3=3 OR b. Multiplier Theory.
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What is Supply? Explain the law of supply.
law of supply: The term supply refers to the amount that is actually offered for sale in the market at a price per unit of time hence supply is a part of the stock. Supply has all the attributes of demand a seller can sell a commodity when he has the ability and willingness to…
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Explain the Keynes multiplier theory.
Multiplier meaning: The multiplier refers to the effect of changes in investment outlays on aggregate income through induced consumption expenditure. Thus the multiplier express a relationship between an initial increment of investment and the resulting increase in aggregate income. Infact the multiplier is the name given to the numerical co- efficient which indicates increase in…
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What is Social Accounting? Explain its Need.
Social Accounting Meaning: Social accounting meaning, is nothing but national income accounting or social and environmental accounting, that extends traditional financial accounting to include social and environmental factors. This broader concept provides a more broad view of a nation’s economic performance and well-being. Social Accounting, with the development of this, national income is also being…