Macro PYQ — Page 5

The current account is the record of trade in goods and services and transfer payments. Arrange the following components in terms of service. (A). Current account. (B). Net factor income + Net Non-factor income. (C). Net investment income + Net income from compensation of employees. (D). Trade in services. Choose the correct answer from the options given below:

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

Among the following what are the functions of money? (A). Medium of exchange. (B). Unit of account. (C). Unit of purchasing power. (D). Store of value. Choose the correct answer from the options given below:

What is real GDP in 2021?

What is change in price?

What is the nominal GDP in 2021?

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

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

In the short run, to determine the level of aggregate demand for final goods in the economy, what will be the affect on price and rate of interest?

Effective demand principle situation occurs when _________

A decrease in autonomous spending causes aggregate output of final goods to .................... through the multiplier process.

Match List-I with List-II | List-I | List-II | |---|---| | (A) Assets | (I) Create Credit | | (B) Liabilities | (II) Firm Owes to others | | (C) Central Bank | (III) Control Credit | | (D) Commercial Banks | (IV) Firm can Claim from others | Choose the correct answer from the options given below:

The process of Buying and selling of bonds issued by the Government by the central bank is called.

The difference between the government's total expenditure and its total receipts excluding borrowing.

Identify the major sectors in the domestic economy.

Which of the following will not lead to flow of foreign currency into the home country.

Arrange the following statements related to money multiplier process in correct sequence. (A) The bank has Rs 140 as deposits. (B) The bank has Rs 80 to lend. (C) A bank has a initial deposits of Rs 100 and needs to keep reserves as 20 per cent. (D) The bank lends 50% of lending amount to Sonia. Choose the correct answer from the options given below:

Given a cash reserve ratio of 20 percent, reserves of Rs 100 create deposits of ___________?

Aggregate demand for final goods consists which of the following? (A) Ex-ante consumption. (B) Ex-ante Investment. (C) Government spending. (D) Effective demand. Choose the correct answer from the options given below:

Identify the exchange rate system in which central bank of a country intervene to buy and sell foreign currencies in an attempt to moderate exchange rate movements whenever they feel that such actions are appropriate.

Let us say a firm produces Rs 100 worth of goods per year, Rs 20 is the value of intermediate goods used by it during the year and Rs 10 is the value of capital consumption. Calculate the Gross value added.

Match List-I with List-II | List-I | List-II | |---|---| | (A) GDP_MP | (I) NNP_FC + NIT | | (B) GDP_FC | (II) NNP_MP - NIT | | (C) NNP_MP | (III) GDP_FC + NIT | | (D) NNP_FC | (IV) GDP_MP - NIT | Choose the correct answer from the options given below:

Arrange the following statements related to foreign exchange market (fixed exchange rate) in correct sequence. (A) RBI intervenes to purchase the dollars for rupees in the foreign exchange market in order to absorb this excess supply. (B) The government will fix a higher exchange rate by making the rupee cheaper for foreigners. (C) Supply of dollars exceeds the demand for dollars. (D) The Indian government wants to encourage exports. 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 __ __