/ / Economics Important Questions | BBA | 2nd Semester | MAKAUT (WBUT)

Economics Important Questions | BBA | 2nd Semester | MAKAUT (WBUT)


  1. Distinguish between Demand-pull and Cost-push inflation.
  2. Define Money.
  3. Define components of supply of money.
  4. Explain the major causes of Inflation?
  5. Explain briefly the functions of Central Bank. Mention the credit creation process of commercial bank.
  6. Explain Fisher's quantity theory of money. Discuss its limitations.
  7. Define Phillips curve.
  8. In Phillips curve, Explain why it is downward slopping in the short run and vertical in the long run?
  9. Distinguish between GNP and GDP.
  10. Define National Income.
  11. What is Double Counting?
  12. Given :  
           Income form wages=2500
           Income from Rent=1800
           Total interest received=2200
            Corporate Profit=3000
            Undistributed Profit=1200
            Corporate Tax=800
            Net inflow=750
            Direct Tax=800
            Indirect Tax=1300
            Subsidy=500
             Transfer Earning=450
             Social Contribution=700

Find:
        1. National Income 
        2. Personal Income
        3. Disposable Income 
        4. GNP at market price

Psychology:2006 Questions | 2nd Semester | WBUT



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