Macro PYQ — Page 22

When the Reserve Bank of India was established?

Arrange the following steps of determination of equilibrium income in chronological order if C = 40 + 0.8Y, I = 10. (A) Y = C + I (B) 0.2Y = 50 (C) Y = 50 + 0.8Y (D) Y = 250 Choose the correct answer from the options given below: 1. (A), (B), (C), (D) 2. (A), (C), (B), (D) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)

Determination of income and employment of a two-sector model is done by: (A) Ex-ante aggregate demand for final goods. (B) Ex-post aggregate demand for final goods. (C) Fixed price of final goods. (D) Constant rate of interest. Choose the correct answer from the options given below:

The progressive taxation system seeks to achieve which of the following objectives of the government budget?

When goods and services are evaluated at some constant set of prices, it can also be defined as.

Chronologically arrange the following in sequence: (A) Smithsonian Agreement. (B) Gold standard system of exchange. (C) Gold was replaced by creating the Special Drawing Rights (SDR). (D) Bretton woods conference. 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

If Multiplier is 2.5,how much investment will be required to generate additional income of 1000 crores?

________ is the ratio of the total increment in equilibrium value of final goods output to the initial increment in autonomous expenditure of the economy.

The ratio of increase in income to increase in investment is termed as

Which of the following is a quantitative tool of credit control by the reserve bank of India?

Match List-I with List-II | List-I | List-II | |---|---| | (A) Capital receipts | (I) Excess of total expenditure over and above all total receipts of the government | | (B) Corporate saving | (II) Borrowings of the government | | (C) Budget deficit | (III) Retained earnings of firm | | (D) Fiscal deficit | (IV) Create a liability for the government | Choose the correct answer from the options given below:

Savings are that part of income that is not consumed. What is the marginal propensity to save?

The value of the nominal GNP of an economy was Rs 5000 crores in a particular year. The value of GNP of that country during the same year, evaluated at the prices of same base year, was Rs 6000 crores. What is the value of the GNP deflator of the year.

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 ......

Mr. Kishore, an economics teacher, was explaining the concept of 'minimum percentage of total deposits to be kept by any commercial bank with the Central bank of the country, as per norms and statute prevailing in the country'. From the following, choose the correct alternative which specifies towards the concept explained by him:

Individuals or institutions that take economic decisions are known as................

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?

Under __________ system, the central bank intervenes to buy and sell foreign currencies in an attempt to moderate exchange rate movements whenever they feel that such actions are appropriate.

Consumer Price Index (CPI) is measured by_______

An economy is facing inflationary pressures and the central bank of the country has been asked to control the situation. Arrange the action and result in sequential order. (A) Credit has become costlier and people stop borrowing. (B) Increase in Repo rate by the central bank. (C) Reduction in the money supply and aggregate demand falls. (D) Increase in the market lending rate by commercial banks. Choose the correct answer from the options given below:

Arrange the following economic events in chronological order: (A) Gold was displaced by creating the Special Drawing Rights (SDRs). (B) The Great Depression. (C) First World War. (D) Bretton Woods Conference. Choose the correct answer from the options given below:

Currency notes and coins cannot be refused by any citizen of the country for settlement of any kind of transaction due to which they are called __ __

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.