Macro PYQ — Page 3

Balance of payments of an economy is in surplus when__________

What was the negative impact of demonetization?

Which of the following is incorrect about the relaxations given by the government to reduce cash crunch immediately after demonetization?

Currency notes and coins are termed as ________.

If the central bank purchases the government securities from the commercial banks, it is likely to

Identify the incorrect feature in the context of GST.

Steel sheets are used for making automobiles and copper used for making utensils, what type of goods are these (Steel and Copper)?

Match List-I with List-II | List-I | List-II | |---|---| | (A) Marginal propensity to save | (I) Slope of consumption function | | (B) Marginal propensity to consume | (II) Value is 1 at the break even point of the economy | | (C) Investment Multiplier | (III) Reciprocal of marginal propensity to save | | (D) Average propensity to consume | (IV) 1- c | Choose the correct answer from the options given below:

At the present level of employment in a hypothetical economy, the aggregate demand is falling short of aggregate supply. What will be the likely change in the level of national income of this economy?

Under the fixed exchange rate regime, if the government of a country finds its currency to be overvalued and therefore deliberately reduces the value of its current against the foreign currency, it will be called as?

Which of the following items will be recorded in the capital account of the Balance of Payments account?

......... is the situation where the equilibrium level of output is less than the full employment of output.

If the National income of a country is ₹4000 million, the consumption of fixed capital is ₹200 million, Gross national product at market price is ₹5000 million and subsidies are ₹100 million, what will be the amount of Indirect taxes?

Match List-I with List-II | List-I | List-II | |---|---| | (A) GNP at Market price | (I) $GDP_{MP}$ + NFIA | | (B) GDP at Market price | (II) NI - Undistributed profits - Net interest payments made by households - Corporate tax + Transfer payments to the households from the government and firms | | (C) Personal income | (III) C + I + G + X - M | | (D) Private income | (IV) Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world | Choose the correct answer from the options given below:

Which of the following products have been kept out of the ambit of GST for the time being?

Which of the following statements are true in macroeconomics? (A). GVA at factor costs + Net production taxes = GVA at basic prices. (B). GVA at basic prices + Net product taxes = GVA at market prices. (C). GNP ≡ GDP - Net factor income from abroad. (D). NNP ≡ GNP – Depreciation. Choose the correct answer from the options given below:

Economic exchanges without the mediation of money are referred to as ...........

Match List-I with List-II | List-I | List-II | |---|---| | (A). Gross Domestic Product at Market Prices (GDPMP) | (I). C + I + G + (X - M) | | (B). Gross Domestic Product at Factor Cost (GDPFC) | (II). GDPMP - Depreciation | | (C). Net Domestic Product at Market Prices (NDPMP) | (III). GDPMP - Net Product Taxes | | (D). Net Domestic Product at Factor Cost (NDPFC) | (IV). NDPMP - Net Product Taxes - Net Production Taxes | Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A). Marginal propensity to consume (MPC) | (I). C/ Y | | (B). Consumption function | (II). C + I | | (C). Average propensity to consume (APC) | (III). ΔC/ ΔY | | (D). Aggregate Demand | (IV). C = c + cY | Choose the correct answer from the options given below:

Budgetary deficits must be financed by either taxation, borrowing or printing money. Governments have mostly relied on borrowing, giving rise to......

A shock absorber which makes disposable income, and thus consumer spending, less sensitive to fluctuations in GDP is called......

What is the nominal GDP in 2021?

Consumption, investment and government spending are the major components of ......?

What is real GDP in 2021?