Q. Distinguish between demand deposits and fixed deposits.

Q. What is meant by expenditure tax? Give an example.

Q. What is the difference between impact of taxation and incidence of taxation?

Q. Mention any two forms of consumer exploitation.

Q. Distinguish between Real capital and Debt capital with the help of suitable examples.

Q. How does money solve the problem of lack of a common measure of value that existed under the barter system?

Q. Define 'public debt'.

Q. Define land. Explain the importance of land as a factor of production.

Q. Define supply. State the law of supply.

Q. Define labour. Explain four important characteristic of labour.

Q. Mention two agency functions of a Commercial Bank.

Q. Why is the income of an entrepreneur residual in nature? Discuss any three functions of an entrepreneur.

Q. How does money act as a standard of deferred payment?

Q. What is meant by food adulteration? Give an example. Mention two harmful effects of food adulteration. Name any one measure formulated to prevent the problem of food adulteration in India.

Q. Mention two causes of low efficiency of labour in India.

Q. Name the institution that enjoys the monopoly of currency notes issue in India. Briefly explain two qualitative methods of credit control adopted by this institution.

Q. Define a consumer. Explain the importance of educating consumers of their rights.

Q. Indirect taxes are regressive in nature. How can they be made progressive?

Q. Explain two methods adopted by Commercial Banks to advance loans to the general public.

Q. Indicate the degree of elasticity of a supply curve parallel to the X-axis.

Q. How does the nature of a good affect its elasticity of demand?

Q. Define cost-push inflation. State two factors causing it.

Q. Distinguish between 'Voluntary debt' and 'Compulsory debt'.

Q. Briefly explain the importance of public expenditure in the industrial development of developing countries.

Q. Distinguish between simple division of labour and complex division of labour.

Q. State two advantages of opening a bank account.

Q. The bus fare between two cities is reduced. How will this affect the demand curve for bus travel between the two cities?

Q. Distinguish between Statutory Liquidity Ratio and Cash Reserve Ratio.

Q. What is meant by increase in demand? Discuss any four factors affecting elasticity of demand.

Q. Distinguish between Creeping inflation and Running inflation.