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What is Inflation? Explain its types.

What is Inflation? Explain its types.

Meaning of Inflation: Inflation is a global phenomena. It occurs in every type of economy. Inflation is a condition with increasing prices which causes a decrease in the purchasing power of money. Inflation is a price… 

Define money market? Explain its components.

Define money market? Explain its components.

Meaning of Money Market: The money market refers to a part of the financial market where short-term lending and borrowing of funds takes place. It deals with financial instruments with high liquidity and short maturities,… 

What are commercial banks? Explain the functions.

What are commercial banks? Explain the functions.

Meaning of Commercial Banks: The bank which performs all kinds of banking business generally finance trade and commerce are called commercial banks. The functions of commercial banks are accepting deposits, advancing loans, credit creation and… 

Explain the importance of commercial banks?

Explain the importance of commercial banks?

Meaning: Commercial banks are profit-oriented institutions that play a very important role in the financial system. They operate and regulated by government authorities. Their primary objective is to provide financial services that help to facilitate… 

Explain the features of Macro economics.

Explain the features of Macro economics.

Introduction: Features of macro economics is the important part of study of macro economics. Macroeconomics is a branch of economics that focuses on the study of the entire economy as a whole. It examines aggregate… 

What is Micro Economics? explain its features.

What is Micro Economics? explain its features.

Micro economics Meaning: Microeconomics is a branch of economics that focuses on the study of individual economic units at the level of households, firms, and industries. It examines how these entities make decisions regarding the… 

Micro Economics-5-Questions for Internal Assessment Test for Semester-4

Micro Economics-5-Questions for Internal Assessment Test for Semester-4

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DURATION: 1 HOUR                                                                                                MAX MARKS-10 INSTRUCTIONS- Q. NO. 1. a. Define Micro Economics? Explain the uses and limitations of micro economics? 1×7=7                                                                    OR              b. What is elasticity of demand? Explain the degrees of…