Macro PYQ — Page 6

Arrange the following in correct sequence for calculating National Income. (A) Add Net Factor income from abaord. (B) Deduct value of Intermediate Goods. (C) Calculate the value of output. (D) Deduct Depreciation and NIT. Choose the correct answer from the options given below:

Among the following, which features are correct with regard to Revenue receipts. (A) Receipts that are redeemable. (B) Recurring receipts that do not lead to a claim on the government. (C) Receipts from different taxes. (D) Receipts that take into account the effects of tax proposals made in the finance bill. Choose the correct answer from the options given below:

Identify the net contribution made by a firm from the following : Domestic sales + Export + Change in stock - value of intermediate consumption.

Fiscal Responsibility and Budget Management Act (FRBMA) was framed in which year.

The balance of payments records the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period. Identify the main accounts in the balance of payments.

Select the correct statements regarding macroeconomics. (A) Macroeconomics deals with the aggregate economic variables of an economy. (B) Macroeconomics emerged as a separate subject in the 1930s due to Keynes. (C) Macroeconomics is a combination of households, firms, and the government sector only in open economy. (D) Macroeconomics takes into account various inter - linkages which may exist between the different sectors of an economy. Choose the correct answer from the options given below:

Nation Income – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms, is ______

"General Theory of Employment, Interest and Money" by John Maynard Keynes was written in?

In which of the following method the flow is measured as the sum total of all factor payments?

Which of the following study the aggregate effects of the forces of demand and supply in the markets?

Who among the following is called as the founding father of modern economics.

The decision of an individual economic agent is the study of ...................... ?

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

M3 is the most commonly used measure of money supply. It is also known as aggregate monetary resources. Which of the following is not a component of M3?

Which of the following is/are a qualitative tool of credit control adopted by the central bank of a country? (A) Repurchase agreement. (B) Moral suasion. (C) Open market operations. (D) Margin requirements. Choose the correct answer from the options given below:

Which of the following represents the borrowing requirements of the government for the purposes other than interest payments?

Match List-I with List-II | List-I | List-II | |---|---| | (A) Non-monetary exchanges | (I) Can be positive or negative | | (B) Externalities | (II) Price Index | | (C) Per capita income | (III) Domestic services by housewives | | (D) GDP deflator | (IV) Total income/Population | Choose the correct answer from the options given below:

Match list I with List II in the context of the Government Budget: | List-I | List-II | |---|---| | (A) Purchase of stocks of a private company by the general government | (I) Capital receipts | | (B) Sale of equity of a public sector enterprise to private sector | (II) Revenue receipts | | (C) Payment of interest by the government on loans from financial institutions | (III) Capital expenditure | | (D) Stamp duty received by the government on property transactions in the country | (IV) Revenue expenditure | Choose the correct answer from the options given below:

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:

Deficient demand is said to exist in the economy when-

In an imaginary economy, the planned spending falls short of planned output at a certain level of employment. Arrange the following consequences of the same in sequential order. (A) Unintended accumulation of inventories. (B) The employment level falls. (C) The output and income fall and the equilibrium is restored. (D) Producers plan to produce less in the next period. Choose the correct answer from the options given below:

Which of the following statements is true about public goods? (A) Public goods are non rival in nature. (B) Public goods are non-excludable in nature. (C) Public goods may be produced by the government or the private sector. (D) Public goods and public production can be used interchangeably. Choose the correct answer from the options given below:

The saving function of a two sector economy is given as S=(-)100+0.2Y. The equilibrium level of income of this economy is 1000, then calculate the value of consumption at equilibrium?

What is required to be subtracted from personal income in order to obtain personal disposable income?