GENERAL KNOWLEDGE

Detailed explanation-1: -General price level is related to the prices of most of the commodity in a nation at a certain period of time. Therefore, it is not a micro variable. It is a macro variable since it includes the study of economics as a whole.

Detailed explanation-2: -It studies such things as employment, gross domestic product, and inflation-the stuff of news stories and government policy debates. Little-picture microeconomics is concerned with how supply and demand interact in individual markets for goods and services.

Detailed explanation-3: -Consumer behaviour, profit maximization, market mechanism all come under the study of microeconomics.

Detailed explanation-4: -The correct answer is option 2, i.e. the determination of prices in the agricultural sector. Agricultural prices do affect macroeconomics, but it is not a direct issue studied, unlike the other three.