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THEORIES OF EMPLOYMENT, PUBLIC FINANCE AND BALANCE OF PAYMENTS
Study Material
THEORIES OF EMPLOYMENT, PUBLIC FINANCE AND BALANCE OF PAYMENTS
Very Short Answer Questions
Q1. How do you explain the term classical economics?
Q2. What is Say's law of markets?
Q3. What is market equilibrium? money
Q4. Explain the functioning of market mechanism in the economy
Q5. What do you mean by full employment?
Q6. What is an aggregate demand function?
Q7. What is the relationship between level of employment and aggregate supply price?
Q8. What is effective demand?
Q9. Define public finance
Q10. Differentiate tax revenue and non-tax revenue
Q12. What is meant by public expenditure?
Q13. What is public debt?
Q14. What are the types in public debt ?
Q15. What is capital levy?
Q17. What are the components of a budget?
Q18. Distinguish between revenue account and capital account
Q19. What is fiscal deficit?
Q20. What is meant by primary deficit?
Q21. What is current account ?
Q22. What is capital account ?
Q23. What is balance of payments ?
Q24. What is disequilibrium in balance of payments?
Q1. Supply creates its own demand Explain the statement of J.B.Say
Q2. Enumerate the assumptions and major aspects of classical theory of employment
Q3. What are the criticisms against the classical theory of employment ?
Q4. Distinguish between aggregate supply price and aggregate demand price
Q5. Explain the concept of effective demand
Q6. What are the sources of public revenue?
Q7. Write in brief, about GST
Q8. List out various items of public expenditure
Q9. Point out the redemption methods of public debt
Q10. Explain the budget deficits
Q11. Describe the features of FRBM Act
Q12. Explain the disequilibrium in the balance of payment
Q1. Critically examine the classical theory of employment
Q2. Explain the Keynesian theory of employment
Q3. Discuss the concept of public finance. Describe the sources of public revenue
Q4. Explain the concept of public debt. Describe the various methods of redemption of public debt
Q5. Explain the objectives and implementation of the fiscal policy
Q6. Describe the concept, components and types of budget
Q7. Describe the various accounts and their components in the balance of payments
Q8. Explain the correction methods in case of disequilibrium in the balance of payments