15.
16.
17.
18.
19.

20.
21.

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2 D 30666

Explain meaning and features of perfect competition.

Define inflation. What are different types of inflation ?

Differentiate between FDI and FPI.

Discuss the merits and demerits of Multinational Corporation.

Explain the differences between fiscal policy and monetary policy.
Section C (Long Essay Questions)

Answer any one questions.
Each question carries a maximum of 10 marks.

Explain demand and supply. Illustrate market equilibrium using demand and supply curves.

Differentiate between microeconomics and macroeconomics. Explain basic economic problems.

(1 x 10 = 10 marks)

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