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Important long Questions of Macroeconomics: 1) Define Macroeconomics. What is the importance & limitation of Macroeconomics 2) What is Consumption function? Explain determinanats of Consumption function 3) Critically examine Liquidity preference theory of rate of interest 4) How credit is created by banks? Give limitation of Credit creation 5) What is meant by Trade cycles? Mention various phases 6) What is monetary policy? Discuss role of monetary policy as a stabilisation polict 7) Discuss Keynes 'Psychological law of Consumption '. What are its implications 8) Explain classical theory of Employment and its limitations 9) Define effective demand. Explain how does it determine law of employment 10) "Interest is reward for parting with liquidity" Critically examine statement 11) What are the main functions of Bank? How can bank be helpful in economic development 12) Discuss demand pull & cost push types of inflation. Also explain fiscal measures to control inflation 13) Meaning & scope of Macroeconomics 14) "Full employment is normal features of capitalist economy". Critically discuss 15) Critically examine Keynesian theory of income & employment 16) Discuss Process of credit creation by Commerical bank 17) Define inflation. What are its causes 18) How does monetary policy help in achieving objectives of internal stabilisation 19) Explain & define autonomous investment and induced investment and discuss the factors affecting investment decisions 20) Define Multiplier. Discuss Forward & Backward operations. and also give its leakages 21) Explain & criticise Say's law of market 22) How credit is created by Banks? Give limitations of credit creation 23) Measures to correct inflation 24) What is fiscal policy? Discuss role of fiscal policy as a stabilisation policy 25) What is marginal efficiency of capital? Discuess the factors that influence it.

Important short Questions of Macroeconomics: 1) Meaning of Macroeconomics 2) Define Average propensity to consume 3) Define Induce Investment 4) What is Multiplier 5) Define Say's Law of markets 6) What is full employment 7) Define Money 8) Define the term Commerical Bank 9) Define Sem-inflation 10) Define Fiscal Policy 11) Meaning of Cash Reserve Ratio 12) Relation between MPC & MPS 13) Define gross investment 14) Laissez-faire policy 15) What is components of aggregate demand in Keynesian theory 16) What is velocity of money 17) Define credit multiplier 18) Two measures to control inflation 19) Give two objectives of Fiscal Policy 20) Four phases of trade cycles 21) Two determinants of Effective demand 22) Meaning of Liquidity trap 23) Give primary functions of Money 24) What is consumption function 25) Define Prospective yield