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Explain the Keynes Theory of Employment with an effective demand?
Keynes Theory of Employment: The Keynes Theory of Employment explains with the principle called an effective demand. J.M. Keynes, father of modern economics criticize the classical theory of employment given by classical economist. He gave his own theory called The Keynes Theory of Employment. The direction of theory is that the volume of employment depends…
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Questions for Internal Assessment Test for Semester-2 (Money, Banking and International Trade)
DURATION:1Hour। MAX MARKS-10 INSTRUCTIONS- FOR – 7 MARKS Q.NO.1.a. what is Macro Economics? Explain the merits and demerits of macroeconomics? OR Q.NO.1.b. Explain the Keynes theory of Employment? FOR – 3 MARKS Q.NO.2.a. Write a short note on Social Accounting. OR Q.NO.2.b. Write a short note on Multiplier Theory.
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What is Macro Economics? Explain its Uses and Limitations.
Macro Economics uses and limitations: Uses and Limitations: Before going to the uses we study first meaning. Macro Economics is the study of aggregates. Macro Economics derived from the Greek word MAKROS which means large. So, Macro Economics is study of the large part of the economy. Macro Economics is that branch of economics which…
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What is Micro Economics? Explain its Merits and Demerits.
Meaning of Micro Economics: Micro Economics Meaning is micro study of every small unit of the economy in greater detail. The term Micro economics has been derived from Greek word MIKROS which means small. So micro economics is the study of a small part of the economy. Micro Economics is that branch of economy that…
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What is Nationalization? Explain its objectives and performance of Nationalization.
Objectives and Performance: Objectives and performance of nationalization of the commercial banks is the major aim of the govt. Before to that we first study the meaning if nationalization. Nationalization means the process by which a government takes control of a private industry or assets and converts them into state ownership. Nationalization is basically done…
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What is Industrialization? Explain its need in Indian economy.
Industrialization Meaning: Industrialization is a process of manufacturing consumer goods and capital goods and of building infrastructure in order to provide goods and services to both individuals and business. It helps to increase the share of industrial sector in the national product and labor force in the economy. It transforms the entire economic structure of…
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Explain the importance of agriculture in Indian economy?
Introduction: Agriculture has been the backbone of the Indian economy for centuries, playing a very important role in its development and sustenance. One of the importance of agriculture is as one of the oldest sectors, it has shaped the social, cultural, and economic structure of the country. Despite of rapid industrialization and growth of the…
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Define poverty? Explain the Causes of poverty?
Poverty Meaning: Poverty may be defined as the inability to secure the minimum consumption requirement for life health and efficiency. Poverty in India has been defined as the situation in which an individual unable to earn income sufficient to buy minimum means of subsistence. In other words poverty means fail to meet their basic minimum…
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What is economic growth? Explain its determinants?
Economic Growth Meaning: There are many determinants of economic growth. but before to that let us understand the meaning of economic growth. Economic growth refers to the increase in the amount and quality of goods and services produced by an economy over time. It is usually measured by the growth rate of real Gross Domestic…
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Explain the importance of International Trade?
Meaning of International Trade: International trade is important because it is trade among different countries. It refers to the exchange of goods and services between one country to another. It is also sometimes known as inter regional or foreign trade. International trade plays a crucial role in the global economy, influencing economic growth, development, and…