Re to Pooja - SAQs from Lesson 1

Dear Pooja,
U will have to learn the foll SAQs from Chapter I
1. Free goods Vs Economic goods
2. Types of Utility
3. Circular flow of income
4. Characteristics of human wants
5. Wealth definition
6. Scarcity definition (Features are very Important)
7. Growth definition
8. Central problems of an economy (Viner's definition)
9. Deductive Vs Inductive methods
10. Microeconomics Vs Macroeconomics
11. Subject matter (scope) of Micro
12. Scope of Macro
13. Importance of Micro
14. Importance of Macro
15. Partial equilibrium Vs General equilibruim

Any 2 of the above will appear for IPE. In methodology U can write the 2 marks answers in case of emergency. Predicting questions from this chapter is very difficult as all the topics are of equal importance. Generally 1 SAQ is asked from methodology. So prepare accordingly.

Sailatha