why does higher indifference curve give more satisfaction
what is the impact of diminishing marginal rate of substitution on the slope of indifference curve
define monotonic preference
how is market demand schedule derived with the help of individual demand schedules
define normal good
how does availability of substitute good affect the elasticity of demand
demand of good x falls due to increase in the income of the consumer what type of good x is
what will be the impact on demand of the good due to increase in price of the substitute good
a rise in price of a good results in a decrease in expenditure of it is its demand elastic or inelastic
what is meant by market demand
define demand schedule
what cause an upward movement along a demand curve
if the number of consumers increase in which direction will the demand curve shift
a straight line demand curve is given what will be elasticity of demand on the mid point of this curve
if the slope of a demand curve is parallel to x axis what will be the elasticity of demand
why is demand of water inelastic
define price elasticity of demand
distinguish between increase in demand and increase in quantity demanded of a commodity
given price of a good how does a consumer decide as to how much of that good to buy
explain how the demand for a good is affected by the price of its related goods give examples
distinguish between normal goods and inferior goods give example also
explain any four factors that affect price elasticity of demand
define marginal utility state the law of diminishing marginal utility
why does total utility increases at diminishing rate due to continuous increase in consumption
due to decrease in price of pen why does the demand of ink increase
what will be the behaviour of total utility when marginal utility curve lies below x axis
when is demand inelastic
give two examples of normal goods inferior goods
if a good can be used for many purposes the demand for it will be elastic why
if a product price increases a familys spending on the product has to increase defend or refute
suppose there are 30 consumers for a good having identical demand function dp10 3p for any price less than or equal to 103 and dp0 for any price greater than 103 write the market demand function
how would you comment on the elasticity of demand when 8 decrease in price of a commodity causes 2 increase in expenditure of the commodity
the elasticity of demand for x is twice the elasticity of demand for y price of x falls by 5 and price of y rises by 5 what will be the change in the quantity demanded of x and y
if prices of salt and ciggrates both rises by 10 will the qt demanded of both goods affected in an equal manner
define production function
define marginal product
what will be the behavior of total product when marginal product of variable input is falling but is positive
what is the relation between average and marginal product when average product is falling
define average production
what do you mean by fixed factors of production give example
by which behaviour of marginal product will total product be maximum
how does fall in total product affects marginal product
what do you mean by cost
define explicit costs
which cost curve is parallel to ox axis why
what do you mean by implicit costs
define marginal cost
why does the difference between average total cost and average variable cost falls with increase in output
define revenue
at what rate average and marginal revenue falls with fall in per unit price of a good
what will be the behaviour of average revenue when total revenue increases at constant rate
what do you mean by marginal revenue
what will be the behaviour of total revenue when marginal revenue is zero
why does average cost curve and averages variable cost curve never intersect each other
what do you mean by producers equilibrium
state any two conditions of producers equilibrium according to marginal revenue and marginal cost approach
define supply
what do you mean by individual supply schedule
define market supply
name two determinants of supply
what is meant by change in supply
what type of change in price is the cause of upward movement along a supply curve
what effect does an increase is tax rates have on supply of a commodity
what causes a downward movement along a supply curve
what is meant by leftward shift of supply curve
how does a decrease in price of input effect supply curve of the commodity
why does a supply curve have a positive slope
what is meant by elasticity of supply
what is the price elasticity of supply if supply curve is parallel to y axis
when does the elasticity of supply of commodity called equal to unity
when does the producer increase the supply of a good at given price give two reasons
what causes an extension in supply
what happens to tp when mp is zero
what happens to mpp when tpp increases at decreasing rate
as the variable input is increased by one unit total output falls what would you say about of marginal productivity labour
why mc curve is in short run u shaped
why does fixed cost not influence marginal cost
when a seller sells his entire output at a fixed price what will be the shape of ar mr curves
what effect does a cost saving technical progress have on the supply curve
what effect does an increase in excise tax have on the supply curve
what happens to tpp when marginal productivity of variable input is negative
when is tpp maximum in relation to mpp
what happens to mpp when tpp is declining
how does fall in mpp affect tpp
what effect does an increase in input price have on the supply curve
why does average cost fall as output rises
does fixed cost affect marginal cost give the answer with reason
what would be the effect of increase in the output on the tfc
if marginal revenue falls will total revenue fall
what is the price elasticity of supply of a commodity whose straight line supply curve passes through the origin forming an angle of 75o
explain the relation between average revenue and marginal revenue when a firm can sell an additional unit or a good by lowering the price
explain how does change in price of input affect the supply of a good
explain how changes in prices of other products influence the supply of a given product
explain how technological advancement influence the supply of a given product
what do you understand by returns to factor why do diminishing returns to a factor operate
what are the factors which give rise to increasing returns to variable factors
why is ac curve in the short run u shaped
how do changes in mr affect tr
what is mr how is it related to ar
what will be the price elasticity of supply if the supply curve is a positively sloped straight line
explain how do the following determine price elasticity of supply i nature of the good ii time period
all the inputs used in production of a good are increased simultaneously and in the same proportion what are its possible effects on total product explain with the help of a numerical example
why is total variable cost curve parallel to total cost curve
why does average fixed cost fall with increase in output
why is total fixed cost curve parallel to ox axis
under which situation will mr fall when an additional quantity of a good is sold
what behaviour of per unit price will cause the equality of average and marginal revenue
give one differences between law of supply and price elasticity of supply
what is the price elasticity of supply associated when the supply curve passing through to intersect to x axis
why does a producer moves downward along a supply curve due to decrease in price of commodity
what is the price elasticity of supply associated with when a supply curve passes through the origin at 40 angle
when does the supply curve shift rightward while price remains constant
what effect does an increase in price of competitive good have on the supply of a higher order thinking skills commodity
how does the imposition of a tax affect the supply curve of a firm
define stock variable
define capital goods
what is nominal gross domestic product
define flow variables
define real gross domestic product
define capital formation
when is the national income less than domestic income
when is the national income larger than domestic factor income
what is the effect of an indirect tax and a subsidy on the price of the commodity
are the wages and salaries received by indians working in american embassy in india a part of domestic product of india
why is the study of the problem of unemployment in india considered a macro economic study
when is gross domestic product of an economy equal to gross national product
is net export a part of nfia explain
explain the basis of classifying goods into intermediate and final goods give suitable examples
explain the basis of classifying goods into intermediate and final goods give suitable examples 1
why are exports included in the estimation of domestic product by the expenditure method can gross domestic product be greater than gross national product explain42
define money
what is meant by m
what is meant by the term money supply
what is bank rate
state two primary functions of money
what is meant by credit creation
write two functions of central banks
what is cash reserve ratio crr
what is statutory liquidity ratio slr
what is demand deposits by banks
state two monetary measures of credit control by central bank
what are various money stock measures
explain the unit of account function of money
explain the medium of exchange function of money
explain the lender of last resort function of the central bank
explain the governments bank function of a central bank
what is the main function of money in an economy
name the system of note issue in india
define open market operation
name the additional facility which the businessman gets in the current deposit account of the bank
money acts as a yardstick of standard measure of value to which all other things can be compared discuss it
the central bank acts as lender of last resort how
central bank performs the function of a clearing house how
all the currency issued by the central bank is its monetary liability how
what is margin requirement of loans
give the meaning of ex ante savings
give the meaning of deflationary gap
what is ex ante aggregate demand
give the meaning of inflationary gap
what is meant by ex ante investment
define aggregate demand
what is propensity to consume
define marginal propensity to consume
what is involuntary unemployment
what is meant by excess demand in macro economics
what can be the minimum value of investment multiplier
give the meaning of aggregate supply
can the value of aps be negative
write the relationship between mps and multiplier
in an economy the mpc is 075 investment expenditure in the economy increase by rs75 crore calculate total increase in national income
an economy is in equilibrium its consumption function is c300 08y and investment is 700 find national income
explain the distinction between voluntary and involuntry employment
explain the relationship between investment multiplier and mpc
explain the role of margin requirements for correcting the deflationary gap
in an economy the equilibrium level of income is rs1200 crore mpcmps 31 di
why can the value of mpc be not greater than 1
does an excess of ad over as always imply a situation of inflationary gap
what happens if adas prior to full employment level of employment
in poor countries like india people spend a high percentage of their income so that apc and mpc are high yet value of multiplier is low why
in what respect foreign trade will be useful in removing the adverse economic effects of deficient demand
what happens in an economy when credit availability is restricted and credit is made costlier
define budget
what is meant by non tax receipts
what are revenue receipts
what are capital receipts
give two examples of non tax revenue receipts
what are the two sources of capital receipts
define revenue deficit
define fiscal deficit
why is repayment of loan a capital expenditure
why is recovery of loan treated a capital receipt
what is a balanced budget
define capital expenditure
in a govt budget primary deficit is rs 25000 cr and interest payments are rs 15000 cr how much is the fiscal deficit
define a tax
what is direct tax
define primary deficit
explain the reallocation of resources objective of a government budget
what is meant by fiscal deficit write its implications
what are budget receipts
in a govt budget revenue deficit is rs 800000 cr and borrowings are rs 50000 cr how much is the fiscal deficit
what is disinvestment
what does zero primary deficit mean
which type of revenue receipts are treated as legally compulsory payment imposed on the people by the govt give example also
when the liability to pay a tax is on one person and the burden of tax falls on some other person state the type of tax
what happens to aggregate demand when the govt budget is in deficit
classify the borrowings and recovery of loans into revenue and capital receipts of govt budget give reason also
how tax revenue is different from administrative revenue
how government reallocates the resources and redistributes the income through budget
what are the basis of classifying receipts into revenue receipts and capital receipts
why is tax treated as revenue receipt
find out the value of total receipts of govt budget if budget deficit is rs 2000 crores and the total expenditure is rs 3000 crores
what will be the value of fiscal deficit if primary deficit is 53000 crores and interest on borrowings is rs 5000 crores
state which budget expenditure does not result in creation of assets or reduction of liability give examples also
what indicates zero primary deficit
what indicates revenue deficit
define foreign exchange rate
what is foreign exchange
what is balance of payment accounts
state two sources of supply of foreign exchange
state two sources of demand of foreign exchange
what does a deficit in balance of trade indicate
what is meant by balance of trade
define balance of payment
when is there a deficit in the balance of trade
state the components of capital account of balance of payment
which transactions determine the balance of trade when is balance of trade in surplus
what are the components of current account of the bop account
explain the meaning of deficit in bop
the balance of trade shows a deficit of rs 300 crs and the value of exports is rs 500 crs what is the value of imports
list two items included in the balance of trade account
list two items of the capital accounts of balance of payment
give meaning of managed floating exchange rate
distinguish between devaluation and depreciation of domestic currency
when price of a foreign currency rises its supply also rises explain why
what is meant by invisible items
what is meant by unilateral transfer
what is meant by autonomous transactions
write the name of those economic transactions which are made by the government to make equilibrium in balance of payment
what do you mean by fixed exchange rate
define flexible exchange rate
state two merits of flexible exchange rate
state two demerits of flexible exchange rate
state two merits of fixed exchange rate
state two demerits of fixed exchange rate
what is the slope of demand curve of foreign exchange
what is the slope of supply curve of foreign exchange
what will be the effect on exports if foreign exchange rate increases
what will be the effect on imports if foreign exchange rate increases
define devaluation of domestic currency
what is meant by depreciation of domestic currency
what is meant by appreciation of domestic currency
in which circumstances the devaluation of currency will be in favour of economy
in which circumstances the appreciation of currency will be non favourable for the economy
under which circumstances the purchasing power of foreign currency increases in comparison to domestic currency
with the help of which item bop gets balanced
does bop always remain balanced
state which type of exchange rate has no official intervention in the foreign exchange market how it is determined
name the items which are not included in the current account of indias balance of payment
in which account of balance of payment tourism services to tourist are included
which transactions autonomous or accommodating bring balance in the balance of payments
why foreign currencyexchange is needed
what are the factors responsible for inflow of foreign currency
when exchange rate of foreign currency falls its supply also falls explain how
when exchange rate of foreign currency falls its demand rises explain how
what will be the value of imports if the net imports are rs 160 crores and the value of exports are rs 400 crores
if balance of payment of a country is rs 100 crores and total payment are rs 500 crores find out its total receipts
balance of payments always balances discuss it
what was the infant mortality rate of india during british rule
state the life expectancy in india during british rule
what do you mean by infant mortality rate
give the name of one economist who estimated indias per capital income during colonial period
what is meant by commercialization of agriculture
what was the motive behind the deindustrialization by the colonial govt in india
which industries were adversely affected due to partition
what does the export surplus mean
what percentage of indias working population was engaged in secondary and tertiary sector during british rule
define economy
who is the chairman of the planning commission in india
what was the idea behind abolition of intermediaries
write the classification of industries according to ipr1956
what do you mean by green revolution
what is meant by small scale industries
what is marketable surplus
who formulates five year plans in india
write the duration of current five year plan
name any two common goals of five year plan
name the type of economy adopted in india
name three general problems of an economy
what is import substitution
state the meaning of economic reforms
how does increase in fiscal deficit create the requirement of economic reforms
state the name of economic reform which makes free to economy from direct or physical controls imposed by the govt
what is meant by foreign exchange reserve
why the requirement of fiscal reforms arose under liberalization
what is meant by direct tax
define indirect tax with the help of example
what is meant by devaluation
what is meant by devaluation 1
state the meaning of privatization
what is meant by globalization
what benefit goes to domestic industries of reduction in tariff
define poverty
how does absolute poverty measured in india
what is meant by relative poverty
who are called chronic poor
who are called chronic poor 1
state the category of those people who are churning poor moving in and out of poverty
how does rise in price is responsible for poverty
define poverty line
what is food for work programme
what is meant by human capital formation
define human capital
what is investment in education
which five year plan recognized the importance of human capital
why do we need to invest in human capital
what is on the job training
what is the difference between literacy and education
what do you mean by the term sources of human capital formation
how does human capital formation improve quality of life
name the movement started by national literacy mission
what is meant by training
what is the literacy rate of india
what is the literacy rate of india 1
what is rural development
what is meant by agricultural diversification
what is tanwa
what is golden revolution
write two instruments to safeguard the interests of farmers by the government
what is cooperative marketing
what do you mean by operation flood
what do you mean by micro credit programmer
define no institutional sources of agricultural credit
what is agricultural marketing
mention two limitations of rural banking
mention two limitations of rural banking 1
name two institutional sources of agricultural credit
which state has an efficient implementation of milk cooperatives
which state has an efficient implementation of milk cooperatives 1
when was nabard established
what is sustainable development
what is the meaning of nonconventional sources of energy
what do you mean by transmission and distribution losses
what are the indicators of health status of a country
mention one advantage of infrastructure
what is global burden of disease
name the six systems of indian medicine
what is morbidity
what does plant load factor measure
why do state electricity boards suffer losses
what do you mean by intent mortality rate
what are the three basic sources of generating power
what do you mean by economic infrastructure
name the state lagging behind in health care system
why investors are reluctant to invest in tidal energy projects
what types of fuels are used by rural women in india
how much percentage of gdp does india invest on infrastructure
define environment
give two examples of biotic elements of environment
what do you mean by carrying capacity of environment
give the meaning of renewable resources
what do you mean by nonrenewable resources
what happens when the rate of resource extraction exceeds that of their regeneration
give the meaning of absorptive capacity of the environment
why have some resources become extinct
what is global warming
give two examples of overuse of resources
give two examples of overuse of resources 1
define sustainable development
give two examples of misuse of resources
state the two major environmental issues the world is facing today
mention any one measure to control air pollution
give the name of two movement which aimed at protecting forests
state two basic problems related to environment
state main function of central pollution control board
define inflation
define deflation
define stagflation
which demand factors cause inflation
which supply factors cause inflation
what is demand pull inflation
what is cost push inflation
what is inflation rate
who controls and monitor monetary policy india
what is fiscal policy
what type of economic system is followed in china
mention some examples of regional and economic groupings
when were reforms introduced in all the three economies
give the meaning of infant mortality rate
in which country the great proletarian cultural revolution was introduced
between india and china which country has higher value of human development index
mention the major reason for the low population growth in china
name the programme started in china with the aim of industrialization
which country has the highest life expectancy india china or pakistan
out of china pakistan and india which country has the largest contribution of the service sector to the gdp
out of india china and pakistan which country has the highest workforce engaged in agriculture
name any two indicators of human development
name any two indicators of comparative development
name the two areas of development where pakistan has topped india
name the two areas of development where india has an edge over pakistan
define special economic zone sez
who is worker
define gdp
what is an economic activity
define self employed workers
define participation ratio
give three sources that collect data on unemployment
define job less growth
define actualization
are the following workers a beggar a thief a smuggler a gambler why
what is informalisation of workforce
why is self employed workforce higher in rural areas
name the two kinds of urban unemployment
give the meaning of disguised unemployment
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