Economics 2
Exam Material
Important questions, short notes and revision material for Economics 2 — all in one place, ready before your exam.
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Write a note on Quotas.
Introduction: Quotas in economics refers to limits set by a government on the quantity or value…
What is Tariff? Explain its types.
Meaning: Tariffs are taxes or duties imposed by a government on imported goods and services. They…
What is terms of trade? Explain its concepts.
Meaning: The rate at which a given quantity of a country’s export goods are exchanged for…
Explain the Heckcher-Ohlin theory of International Trade?
Introduction: Bertin – Ohlin, in his famous book inter regional and international trade 1933 criticize the…
Briefly explain the Comparative Cost theory of International trade.
Introduction: David Ricardo a British economist of 19th century analyzed the causes for and the benefit…
Explain the Features of international Trade.
Introduction: International trade is trade between different countries of the world. It refers to the exchange…
Explain the disadvantages of International trade.
Introduction: International trade is trade between different countries of the world. It refers to the exchange…
Explain briefly the Advantages of International Trade.
Meaning: International trade is trade among different countries or trade across political frontiers. It refers to…
Explain the Quantitative methods of Credit Control.
Introduction: Monetary policy refers to the policy of managing the volume of money in supply in…
Explain the balance sheet of commercial bank.
Introduction: Commercial banks are monetary institutions that accept deposits from the public, offer all kinds of…
Explain the qualitative methods of credit control.
Introduction: The central bank aims at providing financial and economic stability in the country. It supervises…
Explain the objectives of monetary policy of R.B.I.
Introduction: The central bank aims at providing financial and economic stability in the country. It supervises…