Economics II | 1st Slot (2nd semester) | BBA | WBUT

Economics II | 1st Slot (2nd semester) | BBA | WBUT

1. Define money. What are the functions of money?
2. Differentiate between Demand Pull and Cost Push Inflation.
3. Mention the different methods of measuring National Income.
4. Different between   i) GDP and GNP     ii) GDP at market price and GDP at factor cost.
5. State and explain the functions which are performed by Commercial Banks of India.
6. State and explain the functions which are performed by Reserve Banks of India.
7. a) What do you mean by Inflation?

           b) How is it controlled?

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