M.com Part 1 (Semester 2) MACROECONOMIC Most Important Question Bank for Current Exam 11. Explain the concept of Human Development? ANS: The UNDP Human Development Report 1997 describes human development as “the process of widening people’s choices and the level of well-being they achieve are at the core of the notion of human development. Such theories are neither … Read more
F.Y.B.COM. SEMESTER – I BUSINESS COMMUNICATION Q.5 Explain Downward Communication Advantages and Disadvantages. ANS: In Downward Communication, top management of an organization transmits decisions taken by it, along with its intended goals, vision, culture and ethics through various levels of authority. All decisions taken by the top management are passed down the … Read more
F.Y.B.COM. SEMESTER – I BUSINESS COMMUNICATION Q.4 Communication in the Context of Technology. ANS: In these early years of the third millennium, we find ourselves real inhabitants of the global village that Marshall McLuhan had envisaged over thirty years ago. Advances in technology have facilitated the process of market globalization. New technology … Read more
SEMESTER – II MACROECONOMIC 10. EQUILIBRIUM LEVEL OF EMPLOYMENT OR Equilibrium Level of Employment and Real National Income. Increase in the level of Employment& Real National Income. Limitations of the Keynesian Theory of Employment ANS: The equilibrium level of employment and real national income is determined at the point of equality between the aggregate … Read more
SEMESTER – II MACROECONOMIC 8. Explain the criticisms of HDI. ANS: The Human Development Index has been criticized for failing to include any ecological considerations, focusing exclusively on national performance and ranking (although many national Human Development Reports, looking at sub-national performance, have been published by UNDP and others—so this last claim is untrue), not paying much attention to development from … Read more