Synopsis For students of Commerce and Management economics is one of the compulsory papers in all universities. At post graduate level students need to study advanced aspects in the paper. The book in your hand is aimed at fulfilling this need. It covers mainly the macro aspects of economics, viz., Balance of Payments, Inflation, Business Cycles, Liberalised economic policy, Indian Budgeting Policy and International Monetary Fund. Besides, Commerce and Management, this book can be useful for Managements, this book cab be useful for M.A., C.A., I.C.W.A. and C.S. students to a large extent. To cover the syllabus, the book is divided into three parts in question and answer model. Part I consists of answers for 11 Short question and part II consists of answers for 20 essay type questions. In Part III, 17 very short questions are identified. All the answers in this book are presented in simple language with latest data whenever required.