Macro PYQ — Page 17

If the volume of imports of a country are growing faster than its volume of exports, its gross domestic product _______.

There may be times when demand exceeds available output under conditions of high employment and thus may give rise to inflation. In such situations, restrictive conditions may be needed to reduce demand. This intervention by the government is considered as

Which of the following are true about national income and related aggregates? (A) National income includes factor income earned from abroad but does not include factor income paid abroad. (B) Domestic income does not include factor income earned from abroad but includes factor income paid to abroad (C) Domestic income include both factor income earned from abroad and factor income paid to abroad (D) National income can never be smaller than domestic Income. Choose the correct answer from the options given below:

Arrange the following steps of estimation of National Income by income method in the proper sequence. (A) Identification and classification of producing firms. (B) Estimation of NDPFC (C) Estimation of NNPFC (D) Classification of factor Income. Choose the correct answer from the options given below:

What is the principal motive for holding money?

Which among the following is not a direct participant in the foreign exchange market?

In the closed economy the ex ante aggregate demand for final goods is the sum total of:

When $C = 70 + 0.5Y$ and $I = 40$, what is the equilibrium income?

Why did Monetary Policy Committee keep its policy rate unchanged in its recent meet?

In deficit condition of Balance of Payment if the central bank sells foreign exchange then this particular transaction is known as .......

Match List-I with List-II | List-I | List-II | |---|---| | (A) Net National Product at Market Prices (NNP_MP) | (I) GNP_MP - Net Product Taxes - Net Production Taxes | | (B) Gross National Product at Market Prices (GNP_MP) | (II) GDP at market prices | | (C) Gross National Product at Factor Cost (GNP_FC) | (III) GNP_MP - Depreciation | | (D) GVA at Market Prices | (IV) GDP_MP + NFIA | Choose the correct answer from the options given below:

The change in the inventory of a firm is treated as an investment. What are the major categories of investment? (A) Investment Expenditure. (B) Autonomous Investment. (C) Fixed Business Investment. (D) Residential Investment. Choose the correct answer from the options given below:

Arrange the following chronologically: (A) Great Depression. (B) The Economic Consequences of the Peace. (C) An Enquiry into the Nature and cause of the Wealth of the Nations. (D) The General Theory of Employment, Interest and Money. Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) C + I + G + (X-M) + NFIA | (I) $GDP_{MP}$ | | (B) $GDP_{MP}$ - Depreciation | (II) Domestic Income | | (C) NDP MP - IT + Subsidies | (III) $NDP_{MP}$ | | (D) $NDP_{MP}$ + Depreciation | (IV) $GNP_{MP}$ | Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A). M1 | (I). Currency held by the public and net demand deposits held by commercial banks | | (B). M2 | (II). M3 + Total deposits with Post Office savings organisations | | (C). M3 | (III). M1 + Net time deposits of commercial banks | | (D). M4 | (IV). M1 + Savings deposits with Post Office savings banks | Choose the correct answer from the options given below:

The current transfers from the rest of the world such as gifts, aids, etc. are included in ________.

Arrange the following statement considering the effects on total income and output when the government purchases (G) increase keeping taxes constant. (A). Planned aggregate expenditure will increase. (B). When G exceeds T, the government runs a deficit. (C). Equilibrium income will increase. (D). Aggregate demand schedule shifts rightward. Choose the correct answer from the options given below:

Which of the following is not an intermediate good?

Calculate Net National Product at factor cost (NNP$_{FC}$). 1. Rs. 3000 crores 2. Rs. 3137 crores 3. Rs. 3140 crores 4. Rs. 3500 crores

Arrange the following statements in chronological order with respect to open market operation. (A) Bonds payments increases total reserves in the economy. (B) RBI buys government bonds from the market. (C) RBI sell bond if there is excess money supply. (D) Higher reserves Increase money supply in the economy. Choose the correct answer from the options given below:

Goods & Services Tax (GST) is which of the following type of tax?

Revenue deficit in the government budget can be managed through:- (A) Borrowings from RBI. (B) Disinvestment. (C) Increasing Subsidy. (D) Borrowings from the general public. Choose the correct answer from the options given below:

In a simple economy, the circular flow between firms and households in terms of factor payments and services also represents as.

Foreign exchange reserves are ample, means? 1. Reserve is sufficient to purchase goods and services from abroad. 2. Anticipated demand for foreign goods and services can be met through incumbent foreign exchange reserve. 3. Supply of foreign reserves is more than demand of foreign reserves. 4. Government is confident about present and future need of foreign reserve.