Important questions in Macro Economics (Expected Questions) - ncert and other

Important questions in Macro Economics (Expected Questions) - ncert and other 
Chap 1: Circular flow of Income
Difference between Stock and Flow
Difference Between Real flow and Money Flow
Two sector Model with diagram 
Chap 2: Basic Concepts of Macro – Economics:
Difference between factor income and Transfer income
Difference between deprecation and Capital loss
Difference between intermediate goods and final goods
Difference between national income and transfer income
Chap 3: Aggregates of National Income:
NIT
NFIA and its components
Gross and Net Investment
Chap 4: Determination of National Income:
Income method, value added method and expenditure method Numerical and Precautions. 
Double counting
GDP and Welfare ,externalities 
Chap 5: Money:
Measures of Money Supply (M1 in detail)
Definition of High Powered Money. 
Chap 6: Banking:
Money creation by commercial bank
Central Bank as bankers bank
Central bank as governments bank 
RBI controller of Money supply (RR, RRR, BR, LRR, OMO, Moral Suasions)
Chap 7: Aggregates demand: 
APC, APS, MPC and MPS important points with numerical 
Derivation of saving function from consumption function.
Chap 8: Income determination and Multiplier:
AD and AS approach and S/I Approach in determination of equilibrium, level of Income output and employment. 
Numerical of Multiplier (Equilibrium level of income) Y = C+I with numerical 
Chap 9: Excess demand and deficient demand:
Methods of controlling excess demand and deficient demand) (RR, RRR, BR, LRR and LRR. OMO, Moral Suasions)
Chap 10: Budget:
Objectives of Budget (Reallocation of resources, economic stability and Reducing inequalities in income and wealth)
Difference between direct tax and Indirect tax
Difference between revenue receipts and revenue expenditure
Difference between revenue expenditure and capital expenditure
Capital receipts and its sources. 
Budgetary deficit Numericals  
Chap 11: foreign exchange rate: 
Difference between fixed, flexible and managed exchange rates .
Difference between currency depreciation and Currency appreciation.
Difference between devaluation and Revaluation.
Chap 12: Balance of Payment:
Difference between BOP and BOT.
Difference between Current account and capital account.
Difference between Autonomous and Accommodating items. 

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