Macro PYQ — Page 19

The basis of the difference in income and product method of National Income Accounting is best deciphered by which of the following? 1. Product method measures the aggregate value of final goods and services produced by all the firms. 2. Income method measures the sum total of consumption expenditure. 3. Product method refers to the final consumption expenditure on the goods and services produced by the firm. 4. Income method refers to the fixed cost of the goods and services produced by the firm.

Full employment level is the level where ........

Exchange rate determined by the market forces of demand and supply is also known as...

From the following, which will be included in the National Income?

Given a cash reserve ratio of 50 per cent and reserves of Rs 100, what is the money multiplier?

Identify the correct statement from the following.

Arrange the statements in sequence of GDP composition on the expenditure side as per the annual report, Reserve Bank of India. (A) Gross Domestic Investment. (B) Private Final Consumption Expenditure. (C) Government Final Consumption Expenditure. (D) Net Exports. Choose the correct answer from the options given below:

Arrange the following as per the theory of the 'Paradox of Thrift': (A) Marginal Propensity to consume decreases. (B) Amount of savings decreases. (C) People become more thrifty. (D) Equilibrium level of income decreases. Choose the correct answer from the options given below: 1. (C), (A), (D), (B) 2. (A), (C), (B), (D) 3. (B), (A), (C), (D) 4. (C), (B), (A), (D)

M3 does not include which of the following?

There is a constitutional requirement in India to present before the Parliament a statement of estimated receipts and expenditures of the government in respect of every financial year which runs from............

Which of the following is not an advantage of GST?

From the following, find the right sequence for measuring National Income by Value Added Method: (A) Subtract the value of depreciation and net indirect taxes and add net factor income from abroad to arrive at national income. (B) Estimate the sum total value of output in the primary, secondary and tertiary sectors in the economy. (C) Estimate the value added of each sector by subtracting intermediate consumption from the value of output for every sector. (D) Calculate gross value added as the sum of value added of the three sectors.

Match List-I with List-II | List-I | List-II | |---|---| | (A) Ex-post investment | (I) AD function shifts upward | | (B) Investment multiplier | (II) Planned Investment + Unplanned Investment | | (C) Ex ante aggregate demand | (III) 1/1- MPC | | (D) Owing to increase in investment | (IV) $I = c + cY$ | Choose the correct answer from the options given below:

Excess demand is the situation where ......

For example, there is an increase in international travel by Indians. What will be the effect on the domestic currency? (A). Demand curve shifts upward and right to the original demand curve. (B). Demand for foreign goods and services increases. (C). Depreciation of domestic currency (rupees) in terms of foreign currency (dollars). (D). The value of rupees in terms of dollars has fallen and value of dollar in terms of rupees has risen. Choose the correct answer from the options given below:

Which of the following correctly defines Gross National Product at Market Prices (GNPMP)?

Suppose, a laptop has been purchased by Aman, a resident of Delhi from AX computers Pvt Ltd based in Gurugram, Haryana. Which type of GST will be levied on the laptop sold?

Which of the following can help to reduce the Fiscal Deficit?

Consider the following statement Net Investment = Rs. 5 Cr. Gross Investment = Rs 7.73 Cr. Find the value of Depreciation

Personal Disposable Income is? 1. The part of Aggregate Income which belongs to the household. 2. The part of Aggregate Income which belongs to the Government. 3. The part of Aggregate Income which belongs to the firm. 4. The part of Aggregate Income which belongs to the rest of the world.

What are the equilibrium conditions in the Keynesian model of income determination? (A) Aggregate demand = Aggregate supply. (B) Savings= Investment. (C) Consumption=Government Expenditure. (D) Planned Expenditure= Planned Output. Choose the correct answer from the options given below:

The index of prices of a given basket of commodities which are bought by the representative consumer is known as :

In the consumption equation, the slope of the consumption function is represented as:

Fiscal Responsibility and Budget Management Act (FRBMA) was framed in which year.