Classify the economies based on status of development.

‘Circular Flow of Income’ - Define.

Write the formula for calculating GNP.

What do you mean by the term ‘Personal Income’?

What is the main feature of rural unemployment ?

What is effective demand?

What do you mean by propensity to consume?

Define Multiplier.

What is commodity money?

What is Stagflation?

Define Commercial banks.

Distinguish between CRR and SLR

What is rationing of credit?

State any two merits of trade.

What is meant by Exchange Rate?

Mention any two objectives of ASEAN.

When and where was SAARC Secretariat established?

What is public revenue?

Write a short note on zero based budget.

What do you mean by public debt?

Mention the countries where per capita carbondioxide emission is the highest in the world.

Define Global warming.

Distinguish between economic growth and development.

What are the social indicators of economic development?

What do you mean by Inferential Statistics?

Define Regression.

What are the movements of Business Cycle?

Why social accounting is considered as most useful tool of national income calculation?

What are the 2 approaches to determine equilibrium level of income?

What are the function of Money?