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Chapter 1 Unit II questions

For Chapter 1 Unit II questions Click Nature & Scope of Business Economics
QUESTION
Q10) Which of the following does not suggest a macro approach for India?

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Correct

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Solution:
The option that does not suggest a macro approach for India is (b) Finding the causes of failure of ABC Ltd.. This is because it is concerned with the study of an individual firm and its failure, which is a microeconomic issue. The other options are concerned with macroeconomic issues such as the overall economic performance of India (GNP), inflation in India, and the failure of industry to provide large-scale employment.
Correct option is (b)