Macro PYQ — Page 14

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.

Calculate the value of operating surplus from following: Wages and Salaries Rs 2,000 Rent Rs 1,000 Interest Rs 500 Employers contribution in social security scheme Rs 200 Royalty Rs 300 Profits Rs 200

If the current exchange rate is Rs. 80 to a pound and investors believe that the pound is going to appreciate by the end of the month and will be worth Rs.85, investors think if they gave the dealer Rs. 80,000 and bought 1000 pounds, at the end of the month, they would be able to exchange the pounds for Rs. 85,000, thus making a profit of ......

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

Which of the following indicates the sum total of Net National Product at market prices and other current transfers from the rest of the world: 1. Private Income. 2. National Disposable Income. 3. Gross Value Added. 4. Transferred Income.

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:

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

Which of the following are called 'above the line' in the balance of payments? 1. International Transactions 2. Errors and Omissions 3. Accommodating Transactions 4. Autonomous Transactions

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

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

NNP at market prices – (Indirect taxes – Subsidies) = .............

Match List-I with List-II | List–I | List–II | | ---------------------------------- | ----------- | | (A) Marginal propensity to consume | (I) ΔS/ΔY | | (B) Marginal propensity to save | (II) ΔC/ΔY | | (C) Average propensity to consume | (III) S / Y | | (D) Average propensity to save | (IV) C / Y | Choose the correct answer from the options given below:

Identify the concept which should be deducted from the value of gross investment in order to accommodate regular wear and tear of capital goods. 1. Investment. 2. Capital 3. Depreciation 4. Consumption goods

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

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

In order to arrive Gross Primary Deficit what should be deducted from Gross Fiscal deficit? 1. Borrowing from abroad 2. Net factor income from abroad 3. Net Interest liabilities. 4. Transfers payments

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.

The unsold finished goods, or semi-finished goods, or raw materials which a firm carries from one year to the next is a .....? 1. Flow and stock variable 2. Flow variable 3. Stock variable 4. Constant variable

The excess of Government's Revenue Expenditure over Revenue Receipts is called............... 1. Revenue Deficit 2. Fiscal Deficit 3. Monetary Deficit 4. Primary Deficit

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.

The priorities of the government in the fiscal area, examining current policies and justifying any deviation in important fiscal measures, are set under ..........statement. 1. Medium-term Fiscal Policy 2. The Fiscal Policy Strategy 3. The Macroeconomic Framework 4. Fiscal Responsibility and Budget Management Act

Which of the following is not an example of Net Invisible items? 1. Banking 2. Shipping 3. Machinery 4. Tourism

The classification of money in terms of narrow and broad money is due to .....

The bank rate and reserve money are the monetary tools of RBI to regulate the money flow with ........... 1. Cooperative banks 2. External banks 3. Central bank 4. Commercial banks