Accounts 

Year 1

First Year

`PRINCIPLES OF ECONOMICS UNIT -1`

`QUESTION BANK:<ol style="padding-left:0pt; "><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">What is the meaning of Economics?</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">Write the definition of Economics?</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">Explain Alfred Marshall’s Welfare- Oriented Definition of Economics:</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">Explain Lionel Robbins’ Scarcity-Oriented Definition of Economics:</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">Explain Adam Smith’s Wealth- Oriented Definition of Economics:</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">What are the features of Micro Economics?</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">What are the features of Macro Economics?</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">Write difference between Micro and Macro Economics.</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">Write about the History of Economics.</li><li class="NormalWeb" style="font-family:'Times New Roman'; font-weight:bold; color:#ff0000; margin-left:12pt; line-height:150%; text-align:justify; font-size:12pt">Explain basic difference between Micro and Macro Economics.</li></ol> `