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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…
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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…