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Kohat University of Science and Technology, Kohat Institute of Business Studies

The document provides instructions for students taking an online midterm exam for a Principles of Macroeconomics course. It states that students must handwrite their answers, scan and convert them to PDF to upload via the school's online system within 24 hours of the exam time. Alternatively, students can submit hard copies of their answers through courier, postal services, or in person within 12 hours of the exam. The exam consists of 4 questions testing students' understanding of key macroeconomic concepts - including defining economics and its two main branches, the economic problem, differences between positive and normative economics, and defining and explaining inflation and its types.

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28 views

Kohat University of Science and Technology, Kohat Institute of Business Studies

The document provides instructions for students taking an online midterm exam for a Principles of Macroeconomics course. It states that students must handwrite their answers, scan and convert them to PDF to upload via the school's online system within 24 hours of the exam time. Alternatively, students can submit hard copies of their answers through courier, postal services, or in person within 12 hours of the exam. The exam consists of 4 questions testing students' understanding of key macroeconomic concepts - including defining economics and its two main branches, the economic problem, differences between positive and normative economics, and defining and explaining inflation and its types.

Uploaded by

ilyas muhammad
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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KOHAT UNIVERSITY OF SCIENCE AND TECHNOLOGY, KOHAT

Institute of Business Studies


Paper: Principles of macroeconomics
Discipline: BS(Accounting and Finance 4th semester) (Exam: Online Mid 1: Spring, 2021),
Time: 9:00 a.m-9:00 p.m Marks: 30

INSTRUCTIONS:

1) The Answer sheets must be handwritten. Your Name, Registration number, Program and Semester MUST be
clearly written on your handwritten answer sheet.
2) After solving the paper, student is required to follow three steps, (1): Clearly scan it, (2): then convert it into PDF,
(3): upload on KCMS. In case of any technical issue with KCMS account, submit your answer sheet through
registered email to [email protected] not later than 12 hours.
3) Important Note: Solved handwritten answer sheet must be submitted within 24 hours after which it will not be
accepted.
4) The student will send hard copy of their answer sheets through courier / postal services or can submit person
to the concerned instructor within the 12 hours after the Examination.

Attempt all questions.

Q1. Define Economics? Explain the two main branches of economics with the help of suitable examples?
(7 Marks)

Q2. Define and explain economic problem, give at least one example ? (6 Marks)

Q3. Differentiate between the positive and normative economics with appropriate examples? (7marks)

Q4. Define and explain inflation with the help of suitable examples,what are the types of inflation? (10 marks)

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