Macro PYQ

Caculate Net National Product at Market Price (NNP$_{MP}$). 1. Rs. 3000 crores 2. Rs. 3200 crores 3. Rs. 3137 crores 4. Rs. 3237 crores

Central banks intervene to buy and sell foreign currencies in an attempt to moderate exchange rate movements whenever they feel that such actions are appropriate. What is this move called?

When goods are financed through the budget and can be used without any direct payment, they are known as.......

The rate at which Reserve Bank of India gives loans to the commercial Bank for longer duration: 1. Repo Rate. 2. Reverese Repo Rate. 3. Bank Rate. 4. Saving Rate.

The level of output is determined by the .....

Match List-I with List-II | List-I | List-II | | --- | --- | | (A) Inventory | (I) Planned | | (B) Consumption | (II) Actually happened | | (C) Ex-ante | (III) Investment | | (D) Ex-post | (IV) Household Income | Choose the correct answer from the options given below:

To tackle the problem of corruption, black money, terrorism and the circulation of fake currency in the economy, demonetization was an initiative taken by the Government of India in the period?

Match List-I with List-II | List-I | List-II | | --- | --- | | (A) GNP$_{MP}$ - Depreciation | (I) NNP$_{MP}$ | | (B) GDP$_{MP}$ + NFIA | (II) GNP$_{MP}$ | | (C) NNP$_{MP}$ - Net Product Taxes - Net Production Taxes | (III) GDP$_{MP}$ | | (D) GVA$_{MP}$ | (IV) NNP$_{FC}$ | Choose the correct answer from the options given below:

Which one is not the component of capital receipts?

Even if income is zero, some consumption still takes place, which is independent of income. This type of consumption is called?

The government imposes taxes that do not depend on income, called?

Arrange the following money measures into their high to low liquid form. (A) M4 (B) M2 (C) M1 (D) M3 Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Current Account | (I) Receipts < Payments | | (B) Capital Account | (II) Net Investment Income. | | (C) Current Account Deficit | (III) Transfer Payment | | (D) Trade in Services | (IV) Portfolio Investment | Choose the correct answer from the options given below:

When the Reserve Bank of India buys government bonds from the market, how does that affect money supply in the economy?

The ratio of the total increment in equilibrium value of final goods output to the initial increment in autonomous expenditure is called:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Net Worth | (I) Currency + Deposits | | (B) M₁ | (II) Reserves + Loans | | (C) Assets | (III) 1/ Cash Reserve Ratio | | (D) Money Multiplier. | (IV) Assets – Liabilities | Choose the correct answer from the options given below:

Any concept or saying, that describes the functioning of an imaginary economy is called ........

Identify the economic agents from the following. (A) Consumers. (B) Institutions like banks or corporations. (C) Producer. (D) Government. Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Public Provision | (I) No feasible way to deny anyone to use public goods. | | (B) Stabalisation Function | (II) Goods are produced directly by the government. | | (C) Non-Excludable | (III) Financed through the budget and can be used without any direct payment. | | (D) Public Production | (IV) Whether to expand demand or reduce it. | Choose the correct answer from the options given below:

From the following, identify the main features of Fiscal responsibility and Budget Management act. (A) The actual deficits may exceed the targets specified only on grounds of national security or natural calamity or such other exceptional grounds as the central government may specify. (B) The Act mandates the central government to take appropriate measures to reduce fiscal deficit to not more than 3 percent of GDP (C) The central government shall not borrow from the Reserve Bank of India except under specified conditions. (D) Measures to be taken to ensure greater transparency in fiscal operations. Choose the correct answer from the options given below:

Which of the following statements are true: (A) Average propensity to consume is the change in consumption per unit to change in income. (B) Ex-ante depicts what has been planned. (C) Ceteris paribus means 'other things remain equal'. (D) Ex-post depicts what has actually happened. Choose the correct answer from the options given below:

Match List-I with List-II | List–I | List–II | | --------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | (A) Gross Domestic Product at Market Prices (GDPₘₚ) | (I) All the economic output produced by a nation’s normal residents, whether they are located within the national boundary or abroad. | | (B) Net Domestic Product at Market Prices (NDPcₘₚ) | (II) Sum of income earned by all factors in the production in the form of wages, profits, rent and interest, etc., belonging to a country during a year. | | (C) Gross National Product at Market Prices (GNPₘₚ) | (III) All production done by the national residents or the non-residents in a country gets included, regardless of whether that production is owned by a local company or a foreign entity. | | (D) National Income (NI) | (IV) Income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country. Choose the correct answer from the options given below: |

Match List-I with List-II | List–I | List–II | | ---------------- | ---------------------------------------------------------------------- | | (A) Devaluation | (I) Price of foreign currency in terms of domestic currency increase | | (B) Revaluation | (II) Price of domestic currency in terms of foreign currency increases | | (C) Depreciation | (III) Increase the exchange rate by the action of the Government | | (D) Appreciation | (IV) Decreases the exchange rate by the action of the Government | Choose the correct answer from the options given below:

Prices of a given basket of commodities which are bought by the representative consumer is indicated by which of the following? 1. Wholesale Price Index 2. Consumer Price Index 3. Market price 4. Commodity Price