Scribd
Upload
24 views3 pages

JR Economics Term - II Practice Questions

Uploaded by

adityakowligi7
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
24 views3 pages

JR Economics Term - II Practice Questions

Uploaded by

adityakowligi7
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Juniors Economics Term Exam 2

Practice Questions

I Long Answer Questions.

1. Explain critically the Marginal Productivity theory of distribution.

2. Define rent and explain critically the Ricardian theory of rent.

3. What are the various methods of calculating National Income? Explain them.

4. Define National Income and explain the various concepts of National Income.

5. Critically examine the classical theory of Employment.

6. Explain the Keynesian theory of Employment.

7. What are the functions of Reserve Bank of India?

II Short Answer Questions.

1. What are the factors that determine Factor Prices?

2. What are the determining factors of Real Wage?

3. What are the factors that determine National Income?

4. Discuss the three definitions of National Income.

5. What are the sources of Public Revenue?

6. List out various items of Public Expenditure.

7. Point out the redemption methods of Public Debt.

8. Write a note on Finance Commission and its functions.

9. What is Barter System? What are its difficulties?

10. Explain the primary and secondary functions of Money.

11. Explain different kinds of deposits accepted by Commercial Banks.

12. Explain different types of Loans and Advances paid by Commercial Banks.

13. Identify the causes of Inflation.


14. What is Statistics? Explain its relationship with economics.

15. Calculation of Mean, Median and Mode for given data.

III Very Short Answer Questions.

1. What is Economic growth?

2. What are Money Wages?

3. What is Gross Interest?

4. What is Net Profit?

5. What is Contract Rent?

6. What is Personal Income?

7. What are Subsidies?

8. What are Transfer payments? Give examples.

9. Expand C. S. O. What is its responsibility?

10. What is National Income?

11. Define Public Finance.

12. What is Say’s Law of Market?

13. What is Budget?

14. What is Federal Finance?

15. What is Fiscal Deficit?

16. Write, in brief, about GST.

17. What is meant by Public Expenditure?

18. Is Deficit Budget desirable?

19. What is Barter system?

20. Explain creation of Credit.

21. What are the monetary aggregates of RBI?

22. What are the uses of Over Drafts?


23. What is meant by discounting of Bills of Exchange?

24. What are Cash credits?

25. What is Clearance House?

26. Explain the types of Inflation.

27. What is Token money?

28. What is a Pie diagram?

29. What are the merits of Median?

30. What are the advantages of Diagrams?

31. Compute Harmonic Mean for 4, 6 and 12.

32. Find the mode from following data.

wages 380 430 480 480 480 480 520 590 600 600

You might also like