M.com Part 1 (Semester 2) MACROECONOMIC Most Important Question Bank for Current Exam 13. Write a note on the collapse of the Phillips Curve Hypothesis. ANS: The Phillips Curve hypothesis was accepted as a cure to increase the level of employment and income in the sixties. It became a macroeconomic tool to explain the trade-off between inflation … Read more
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