Macro PYQ — Page 5

Which of the following transactions will be recorded in the current account of Balance of Payment?

Currency of which denomination were newly launched during demonetization?

Under a flexible exchange rate, when the price of domestic currency in terms of foreign currency increases is called?

What happens to money supply if the RBI increases the cash reserve ratio?

Which of the following are included while calculating national income by expenditure method? (A) Expenditure on single-use producer goods purchased by firms. (B) Expenditure incurred by a private trust running an orphanage on the education of the children. (C) Expenditure incurred by the government on building dams and bridges across the nation. (D) Expenditure by foreigners on the final goods produced in the country. Choose the correct answer from the options given below:

The Reserve Bank of India publishes four measures of money supply. Which one of the measures is the least liquid in them?

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:

Identify the incorrect statement from the following about the revenue budget of the government.

Which statements are true in terms of basic national income aggregates: (A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year. (B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year. (C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country. (D) GDP at factor cost is gross domestic product at market prices, less net product taxes. Choose the correct answer from the options given below:

In an economy, to control a high balance of payment problem if government decided to reduce its currency value against globally accepted foreign currency, this process this known as:

With reference to the above passage, the current account comprises? 1. Exports and Imports of visible items only. 2. Exports and imports of visible and invisible items and external borrowings. 3. Exports and imports of goods & services plus transfer payments. 4. Short Term Debt.

The equilibrium in the final goods or production market reaches when .......

Match List-I with List-II | List-I | List-II | |---|---| | (A) GVA at Market Prices | (I) GVA at basic prices - Net Production Taxes | | (B) GVA at basic prices | (II) NNPMP - Net Product Taxes - Net Production Taxes | | (C) GVA at factor cost | (III) GDP at market prices | | (D) National Income (NI) | (IV) GVAMP - Net Product Taxes | Choose the correct answer from the options given below:

Full employment, in context of determination of income, implies?

GST is the amalgamation of which of the following taxes?

The impact of the above situation under the Keynesian theory of income and employment in an economy is?

Which of the following are called 'above the line' in the balance of payments? 1. International Transactions 2. Errors and Omissions 3. Accommodating Transactions 4. Autonomous Transactions

Due to weakening of global economic activity, level of aggregate demand ___________ in the economy.

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:

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

In a situation of Balance of payments deficit, which of the following will be true?

If the income of the country and income abroad increase simultaneously, then the domestic currency will.............

Which of the following is correct regarding National Income Accounting ? 1. In order to compare the GDP figures of the same countries at different points of time, nominal GDP is used. 2. In order to compare the GDP figures of different countries, real GDP is used. 3. Flows are defined at a particular point of time. 4. Stocks are defined over a period of time.

Reserve Bank of India (RBI) is also known as by which other name.