Macro PYQ — Page 4

Which of the following is not an intermediate good?

Which of the following are stock variable(s)? (A) Population (B) Capital formation (C) Number of students in a school (D) Change in inventories Choose the correct answer from the options given below:

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:

The Indian government imports 22 Rafael planes from France. In which sub-account and on which side of the Balance of Payments account this transaction will be recorded?

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

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 taxes is a tax levied by the state governments that has been subsumed under GST?

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

Which of the following is not an advantage of GST?

Arrange the following statement considering the effects on total income and output when the government purchases (G) increase keeping taxes constant. (A). Planned aggregate expenditure will increase. (B). When G exceeds T, the government runs a deficit. (C). Equilibrium income will increase. (D). Aggregate demand schedule shifts rightward. Choose the correct answer from the options given below:

International economic transactions are called ....... when transactions are made due to some reason other than to bridge the gap in the balance of payments, that is when they are independent of the state of balance of payments.

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 ...........

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:

The RBI can influence money supply by changing the rate at which it gives long-term loans to commercial banks. This rate is called the...

Identify from the following, the three functions that operate through the expenditure and receipts of the government are ......

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:

Identify the tax imposed by the government that do not depend on income.

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......

There is no leakage from the system then, in which form the entire income of the economy comes back to the producers?

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

Match List-I with List-II | List-I | List-II | |---|---| | (A). M1 | (I). Currency held by the public and net demand deposits held by commercial banks | | (B). M2 | (II). M3 + Total deposits with Post Office savings organisations | | (C). M3 | (III). M1 + Net time deposits of commercial banks | | (D). M4 | (IV). M1 + Savings deposits with Post Office savings banks | Choose the correct answer from the options given below: