Macro PYQ — Page 37

Match List - I with List - II. | List - I (Concept) | List - II (Meaning) | |---|---| | (A) Trade surplus | (I) Excess of the payments for import of goods over the receipts for export of goods | | (B) Devaluation of currency | (II) Excess of exports of goods over the imports of goods | | (C) Trade deficit | (III) Fall in the external value of a domestic currency as notified by the government of the country | | (D) Balance of trade | (IV) Difference between the value of exports and value of imports of goods of a country | Choose the correct answer from the options given below :

Which of the following statements is true ? (A) Fiscal deficit is the difference between the government's budgetary expenditure and budgetary receipts excluding borrowings. (B) Primary deficit is the difference between total receipts and interest payments. (C) Increase in revenue deficit will always lead to higher fiscal deficit. (D) Primary deficit equals revenue deficit less interest payments. (E) Revenue deficit refers to excess of government's revenue expenditure over its revenue receipts. Choose the correct answer from the options given below :

Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______.

Calculate autonomous consumption expenditure from the following data about an economy which is in equilibrium. National Income = Rs. 1000 Marginal propensity to save = 0.2 Investment expenditure = Rs. 150

In a situation of Excess Demand. Choose the correct option. (A) Cash reserve ratio should decrease (B) Bank rate should increase (C) Statutory Liquidity Ratio should increase (D) Statutory Liquidity Ratio should decrease Choose the correct answer from the options given below :

Match List - I with List - II. | List - I | List - II | |---|---| | (A) MPC (Marginal Propensity to Consume) | (I) $\frac{\Delta Y}{\Delta I}$ | | (B) MPS (Marginal Propensity to Save) | (II) $\frac{\Delta C}{\Delta Y}$ | | (C) K (Multiplier) | (III) C + I | | (D) AD (Aggregate Demand) | (IV) $\frac{\Delta S}{\Delta Y}$ | Choose the correct answer from the options given below :

What does breakeven point indicate ? (A) MPS = 0 (B) APC = 1 (C) MPS = 1 (D) APS = 0 Choose the correct answer from the options given below :

From the equations given below, choose the equation which correctly represents the consumption function.

Given below are the steps for calculation of National Income by value added method. Place them in the correct sequence. (A) Estimate Gross Domestic Product at market price (B) Calculate Net Domestic Product at factor cost (C) Estimation of value of output produced by each firm in all sectors of the economy during the year (D) Calculate Net National Product at factor cost Choose the correct answer from the options given below :

Which of the following formula is correct ?

Which of the following is NOT included in estimation of national income ?

Which of the following components, is NOT a part of compensation of employees, while estimating national income ?

Arrange the following statements relating to appreciation of domestic currency in the correct sequence. (A) The demand curve for foreign exchange shifts to the right of the original demand curve (B) Due to some reason the exchange rate falls to 1$ = Rs. 70 (C) The initial exchange rate is 1$ = Rs. 75 (D) This increase the demand for foreign goods and services by Indians Choose the correct answer from the options given below :

_______ are deposits which have a fixed period of maturity.

Who among the following is responsible for controlling money supply in the economy ?

Deposits which are payable on demand are called _______.

Assume that in an economy increased consumption is equal to increased saving, how many times will the national income increase in such an economy with an increase in investment?

Raising the value of country's currency under fixed exchange rate system is :

Identify which of the following are included in National Income ? (A) Gifts from abroad (B) Compensation of employees paid by a company located in India (C) Prize won in a lottery (D) Purchase of NCERT textbook by a student Choose the correct answer from the options given below :