1. A young couple that you know, Mr and Mrs Stevens, have applied to adopt a baby. The adoption committee has asked you to write a confidential report to help the committee in its decision. Write a confidential report for the adoption committee. Dear Sir, I am writing a confidential report, as instructed, to assist […]
Formal Letter
1. Write a letter to your friend stating your qualification and skills to study further degree so you have to ask for information about what are the requirements to get admission. Dear Sir/Madam, I am writing kindly drawing your attention that I am keen interested to study English language at your language school. I like […]
Informal Letters
Write the letters in the following topics. 1. An English friend wants to learn your language (or another foreign language). Write a letter detailing your experience in language learning, and explain what you think the best way to go about it. ANSWER Nayabazar-8, Palpa July 1, 2015 Dear John, I became extremely happy the moment […]
Chapter 10: Contemporary Issues
Very Short Question Answer of Contemporary Issues 1.Define the meaning of privatization. Privatization means the transfer of government assets and activities to the private sector. In other words, it is the involvement of private sector in the management of the public enterprise, or to sell, or lease it, or transfer government ownership to private ownership. […]
Chapter 9: Government Finance
Very Short Question Answer 1. Define the government budget. Government budget is defined as the estimate of income and expenditure by government for the coming fiscal year. 2. What are contains of the government budget? Contains of the budget are as follows: i. Actual income and expenditure of the previous fiscal year. ii. Revised income […]
Chapter 8: Monetary Theory
Very Short Question Answer 1. Define money supply. Money supply is defined as the total stock of money held by people and financial institutions including the central bank at a particular point of time. In other words, money supply is the total quantity of money circulation in an economy. 2. What do you mean by […]
Chapter 7: Business Cycles
Very Short Question Answer 1. Define the business cycle. Business cycle is defined as the regular upward and downward fluctuation in aggregate economic activities in the economy. It is also known as trade cycle and it is the special feature of capitalist economic system. 2. What are the various phases of trade cycle? The phases […]
Chapter 6: Inflation
Very Short Question Answer 1. What is meant by inflation? Inflation is a persistent and appreciable rise in general price level or decline in the value of money. It implies that there exist inverse relationship between price level and value of money. 2. How many types of inflation on the basis of speed? On the […]
Chapter 5: Income Determination Model
Very Short Question Answer 1. Who developed IS-LM model? IS-LM model was developed by J.R. Hicks in 1937 A.D. 2. Define IS curve. IS curve is defined as the locus various combinations of rate of interest and level of income which gives product market equilibrium. 3. Define LM curve. LM curve is the locus of […]
Chapter 4: Kaynesian Macroeconomics
Very Short Question Answer 1. What is the main cause of unemployment according to Keynes? According to Keynes, the main cause of unemployment is deficiency of aggregate demands in the economy. The decrease in aggregate demand results decrease in output, which results unemployment in the economy. 2. What are the causes of declining MEC? The […]