Macro PYQ — Page 2

Which of the following is the correct pair of narrow money?

Which is the most commonly used measure of money supply?

Identify the objectives of government budget from the following. (A) Opening bank accounts of people. (B) Economic Stability. (C) Increase the employment rate in the economy. (D) Redistribution of income Choose the correct answer from the options given below:

When the income of domestic consumers increases, their spending will Increase and thus spending on imported goods is also likely to increase. This leads to ............... of domestic currency?

If aggregate demand falls after reaching full employment equilibrium, what will be the likely impact on the economy?

Which of the following will be included in the domestic territory of India?

At the short run equilibrium of income and employment, __________.

Identify the assumptions of the two - sector economy's circular flow of income. (A) There is no trade with other countries. (B) Households do not spend all their income. (C) There is no government. (D) Households do not save. Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Average Propensity to Consume | (I) It is the savings per unit of income | | (B) Marginal Propensity to Consume | (II) It is the consumption per unit of income | | (C) Average Ppropensity to Save | (III) It is the change in savings per unit change in income | | (D) Marginal Propensity to Save | (IV) It is the change in consumption per unit change in income. | Choose the correct answer from the options given below:

If there is an increase in investment by Rs100 in an economy, MPC = 0.9, choose the correct sequence with reference to the working of the investment multiplier. (A) Producers increase their planned output further by (0.9)10, the income of the economy goes up by (0.9)10 and consumption demand increases further by (0.9)² 10. (B) This process goes on, round after round. (C) Income increases by 100, Consumption expenditure increases by 90 and therefore, aggregate demand goes up by 90. (D) The total increment in the income will be 1000. Choose the correct answer from the options given below:

Suppose the GDP at market price of a country in a particular year was Rs 2,100 crores. Depreciation was Rs 50 crores. The value of Indirect taxes was Rs 250 crores, Subsidies was Rs 150 crores and National Income was Rs 1250 crores. Calculate the aggregate value of net factor income from abroad.

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

Which of the following is a debt creating capital receipt of the government?

Put the alternatives given below in the sequence in which they occur to reach the equilibrium level of out put given that aggregate demand falls short of aggregate supply. (A) In this case, the firm has to run down existing inventories, which will lead to a fall in production and hence income. (B) Stocks will be piling up in the warehouses, causing unintended accumulation of inventories. (C) Ex- ante demand for final goods falls short of the output of final goods that the producers have planned to produce in a given year. (D) process continues till Ex- ante demand for final goods equals to ex -ante output of final goods Choose the correct answer from the options given below:

Due to recessionary pressure in an economy, suppose the government plans a deficit budget for a given financial year. Identify the correct sequence in which this will affect the economy. (A) Taxes will be reduced, and public spending will increase. (B) GDP will start rising. (C) Aggregate demand will rise. (D) The purchasing power of the people will increase. Choose the correct answer from the options given below:

If for a hypothetical economy, the Net National Product at Factor cost is Rs 3580 crore, Net Indirect Taxes are Rs 35 crore and Net Current Transfers from the Rest of the World are Rs 240 crore, then what will be the value of National Disposable Income?

Which of the following is not true about GST in India?

Match List-I with List-II | List-I | List-II | |---|---| | (A) Expenditure method | (I) Invetory investment | | (B) Income method | (II) GDP in the phase of disposition | | (C) Value added method | (III) GDP in the phase of distribution | | (D) Value of output - sales | (IV) GDP in the phase of production | Choose the correct answer from the options given below:

Measure the level of ex-ante aggregate demand when autonomous investment and consumption expenditure (A) is Rs 80 crores, and MPC is 0.75.

Which of the following is not an autonomous transaction of the balance of payments?

Suppose the central bank of an economy records a net increase in the foreign exchange reserves for a given quarter. How will this be reflected in the balance of payments account of this economy?

Balance of payments of an economy is in surplus when__________

When was the most recent demonetization undertaken by the government of India?

What was the negative impact of demonetization?