Answer the following questions
Question 1) What is meant by deductive and inductive method of economic analysis.
Question 2) What is meant by substitution effect ? Explain the slutsky substitution effect.
Question 3) What is meant by money ? Explain the various function of money.
Question 4) What is meant by multiplayer ? Explain the working and limitations of Multiplier.
Question 5) Explain the role of agriculture in economic development.
Question 6) Define the Resource Combination. Explain the concept of “Optimum Factor Combination”.
Question 7) State the meaning and Principals of cooperation and State the development of Cooperation after independence?
Question 8) State the meaning, need role and limitation of Cooperative housing Societ.
Question 9) Explain the definition, Characteristics and role of Insurance in economic development.
Question 10) Explain the role and importance of insurance institution in any country's capital market.