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Write short note on:
Equi-marginal utility
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Answer the following question:
Explain the relationship between TU and MU.
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Explain any four exceptions of the law of Diminishing marginal utility.
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State with reason whether you agree or disagree:
When MU is zero, TU diminishes.
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Fill in the blank with appropriate alternatives given below
Central bank has the __________ of note issue.
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The central bank acts as a ____________ of cash reserves of the country.
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Define or Explain the following concept.
Central Bank as Bank of Issue
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Answer the following question:
How does a Central Bank (for example RBI) transfer funds from one place to another? Illustrate.
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State with reason whether you agree or disagree with the following statement.
Central Bank is the Bank of Issue.
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State with reason whether you agree or disagree with the following statement.
Central Bank having monopoly of note issue is most appropriate institute of the government.
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Answer the following question
What are the contingent functions of money?
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Explain primary, secondary and contingent functions of money.
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Fill in the blank with appropriate alternatives given below
Medium of exchange is __________ function of money.
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Intersection between aggregate demand and aggregate supply curves determines the point of __________ demand.
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Give reason or explain.
Investment demand is not the sole determinant of aggregate demand.
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Do you agree with the following statement? Give reason.
Macro-Economics is individualistic
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Answer in detail
Explain the scope and subject matter of Macro-Economics.
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State the following statement is true or false.
Study of price determination is a subject matter of Macro-Economics.
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State the following statement is true or false.
Micro-Economics deals with the study of aggregates.
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State the following statement is true or false.
National output is an example of macro variable.
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