J.K.
SHAH CLASSES
Question Bank
Inter CA (Economics)
Chapter 1: National Income.
1. Define National Income and explain usefulness of National income.
2. Explain Limitations or difficulties while calculating National income.
3. Precautions will calculating National income.
4. Explain product method / income method.
5. GDP / NDP / GNP / NNP explain.
6. Explain personal income / private income.
7. Short note on GDP & welfare.
8. Explain consumption function with table and diagram.
9. Saving function
10. Explain 2 sector & 4 sector circular flow of National income.
11. Equilibrium level of NI 2,3 & 4 sector.
12. Define & explain Investment multiplies
Chapter 2: Public Finance.
1. Allocation function / Redistribution function stabilization function
2. Explain market power & Externalities
3. Distinguish between private goods & public goods.
4. Explain incomplete information
5. Quasi-public goods
6. Global public goods / common access resources
7. Short notes on free rider problem
8. Role of Govt. in case of market power
9. Govt. intervention in case of Negative Production Externalities.
10. Govt. intervention in case of ment & dement goods.
11. Explain Recessionary gap and inflationary gap.
12. Limitation of Fiscal policy
13. Explain crowding out effect
14. Explain Tax, Public exp, Budget & Public debt.
15. Pump priming & compensatory spending
16. Types of fiscal policy
Chapter 3: Money Market.
1. Explain classical and Neo classical approach.
2. Short note on Keynesian approach in details
3. Short note on Liquidity trap
4. Monetary aggregates / New monetary aggregates Reserve money / Liquidity
aggregate
5. Explain money Multiplier
6. Monetary policy committee
7. Monetary policy framework agreement
8. Objection of monetary & fiscal policy.
9. CRR/ SLR / OMO / Bank rate / LAF / MSF / MSS.
10. Asset price channel / Interest rate channel Quantum price channel.
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J.K.SHAH CLASSES
Chapter 4: International trade.
1. Merits & demerits of International trade
2. Comparative cost theory
3. Heckscher – Ohlin theory
4. Types of Tariff? Types of Non – tariff
5. Explain New Trade theory.
6. Objective of WTO
7. Demerits of GATT
8. Concerns and challenges of WTO
9. Structure of WTO
10. WTO agreement [ICAI Module]
11. What is Foreign exchange Market and its participants.
12. Explain appreciation and depreciation of currency
13. Devaluation & Revaluation of currency
14. Fixed exchange rate / Floating exchange rate.
15. Type of Capital
16. FDI / FPI (Merits, Demerits, Reasons for FDI, Modes of FDI)
17. FDI is prohibited.
[And all Numerical sums]
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