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Chapters
▶ 1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
5: Theory of Consumer's Behaviour : Indifference Curve Analysis
6: Supply and Law of Supply
7: Revenue Analysis
8: Cost Theory Analysis
9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
22: Problems of Deficient Demand and Excesss Demand
23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 1 - Micro and Macro Economics - An Introduction - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 1 - Micro and Macro Economics - An Introduction")
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Solutions for Chapter 1: Micro and Macro Economics - An Introduction
Below listed, you can find solutions for Chapter 1 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 1 Micro and Macro Economics - An Introduction TEST QUESTIONS [Pages 1.7 - 1.8]
SHORT ANSWER QUESTIONS
From where has the term micro been derived?
Explain the term micro.
Explain any four points of importance of microeconomics.
Point out any one limitation of microeconomics.
When did great world depression occur?
Give the meaning of makros.
Who is the writer of ‘General Theory of Employment, Interest and Money’ and when was it published?
Define macroeconomics.
Explain the importance of macroeconomics.
Mention the limitations of macroeconomics.
Distinguish between the following.
Micro Economics and Macro Economics.
Define the concept of micro economics.
Do you agree with the view that the study of microeconomics is most significant for welfare of the society as a whole?
Point out any one limitation of microeconomics.
What is macro economics?
Explain the importance of macroeconomics.
Define macroeconomics.
Why is the study of macro significant in modern days?
Mention the limitations of macroeconomics.
What is macro economics?
Distinguish between the following.
Micro Economics and Macro Economics.
The study of micro and macro economics is most essential for modern economic analysis. Give arguments in support of your view.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 1 Micro and Macro Economics - An Introduction EXAMINATION CORNER [Page 1.8]
(Questions From Previous ISC Papers)
Distinguish between the following.
Micro Economics and Macro Economics.
Define macroeconomics.
Define microeconomics.
Distinguish between the following.
Micro Economics and Macro Economics.
Discuss the subject matter of economics.
Distinguish between the following.
Micro Economics and Macro Economics.
Solutions for 1: Micro and Macro Economics - An Introduction
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 1 - Micro and Macro Economics - An Introduction
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Concepts covered in Economics [English] Class 12 ISC chapter 1 Micro and Macro Economics - An Introduction are Microeconomics, Micro Economics VS Macro Economics, Macroeconomics, Branches of Economics.
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