ECO401 Economics 17 August 2010
80% mcq,s were from current n previous papers
Subjective portion is as follows:-
- How a central bank controls functions of commercial banks? 3marks
- it is argued that devaluation has negative impacts on the country,s economy , can it be used to solve POB prbs? 3marks
- why the slope of consumption function is less than one? & name some macroecnomic variables which determine the national income of a country. 2+3 marks
- what are the conditions under which foreign exchange markets exists, give examples 5 marks
- what are principles of taxation? 5 marks
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