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

Level of planned output coincides with planned expenditure when: (AD = Aggregate Demand. AS= Aggregate Suplly)

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?

Aggregate demand for final goods consists which of the following? (A) Ex-ante consumption. (B) Ex-ante Investment. (C) Government spending. (D) Effective demand. Choose the correct answer from the options given below:

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 .....

At the equilibrium point when C=100+0.5 Y and I= 200, saving will be........................

Among the following what are the functions of money? (A). Medium of exchange. (B). Unit of account. (C). Unit of purchasing power. (D). Store of value. Choose the correct answer from the options given below:

When the aggregate output is determined solely by the level of aggregate demand. Then what it called?

Identify which of the following statements is incorrect with reference to an economy?

Quantitative instruments of monetary policy focus on : (A) Quantity of money across selected sectors of the economy. (B) Overall supply of money in the economy. (C) Credit creation capacity of commercial banks. (D) Inflationary and deflationary gaps in the economy. Choose the correct answer from the options given below:

If a British resident wants to visit India on a vacation he will have to pay in ......

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: |

Choose the correct statements: (A) Intermediate goods are used as raw materials or inputs for production of other commodities. (B) Consumer goods are consumed when purchased by their ultimate consumers. (C) Intermediate goods crossed production process boundary. (D) Capital goods have a durable character which are used in the production process.

Who wrote the book "The Economic Consequences of the Peace"? 1. John Maynard Keynes 2. Adam Smith 3. J. S. Mill. 4. Alfred Marshall

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

The domestic services performed by women at home are categorized as: 1. Non-monetary exchanges 2. Externalities 3. Personal services 4. Social services

There are two firms in an economy. Firm A gives Rs. 20 to the workers as wages, and keeps the remaining 30 as its profits. Similarly, firm B gives 60 as wages and keeps 90 as profits. Calculate GDP? 1. Rs. 200 2. Rs. 120 3. Rs. 50 4. Rs. 150

The intervention of the government, whether to expand demand or reduce it, constitutes the ............... function. 1. Public production 2. Allocation 3. Redistribution 4. Stabilisation

What are the main sources of demand in a closed economy? 1. Consumption, government spending, and domestic investment 2. Consumption, net exports and government spending 3. Consumption, government spending, domestic investment and net exports 4. Government spending, net exports and domestic investment

Arrange the following steps in sequence for estimating GNPMP in a particular year through the income method. (A) Adding consumption of fixed capital and Net Indirect Taxes. (B) Classify the economy into primary, secondary and tertiary sectors. (C) Estimation of Factor income within domestic territory. (D) Adding Net factor income from abroad.

Choose the correct statements from the following. (A) Capital goods are those goods which are bought not for meeting immediate need of the consumer but for producing other goods. (B) Households refer to the families or individuals who supply factors of production to the firms and which buy the goods and services from the firms (C) Consumer Price Index is the index of prices of a given basket of commodity which are bought by the representative consumer (D) Wholesale Price Index refers to the percentage change in the weighted average price level.