Macro PYQ — Page 8

From the following figure, how to obtain an aggregate demand function? 

Which of the following approach measures economic activity by adding the aggregate value of final goods and services newly produced in a nation during a fixed period of time?

Calculate Net Domestic Product at factor cost (NDP$_{FC}$). 1. Rs. 3000 crore 2. Rs. 3137 crore 3. Rs. 3140 crore 4. Rs. 3500 crore

Calculate Gross Domestic Product at market price (GDP$_{MP}$). 1. Rs. 3500 crores 2. Rs. 3137 crores 3. Rs. 3140 crores 4. Rs. 3000 crores

Calculate Operating surplus.

Calculate Net National Product at factor cost (NNP$_{FC}$). 1. Rs. 3000 crores 2. Rs. 3137 crores 3. Rs. 3140 crores 4. Rs. 3500 crores

Caculate Net National Product at Market Price (NNP$_{MP}$). 1. Rs. 3000 crores 2. Rs. 3200 crores 3. Rs. 3137 crores 4. Rs. 3237 crores

Identify the correct reasons that may affect the demand for foreign exchange in an economy. (A) Import of visibles. (B) Export of invisibles. (C) Remittances by residents working abroad. (D) Purchase of assets abroad. Choose the correct answer from the options given below:

Which of the following statements is true about autonomous transactions?

Identify which of the following is not considered as 'Normal Resident' of India?

Arrange the following economic events in chronological order: (A) Gold was displaced by creating the Special Drawing Rights (SDRs). (B) The Great Depression. (C) First World War. (D) Bretton Woods Conference. Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Marginal Propensity to Consume | (I) C/Y | | (B) Marginal Propensity to Save | (II) ΔC/ ΔY | | (C) Average Propensity to Save | (III) S/Y | | (D) Average Propensity to Consume | (IV) ΔS/ ΔY | Choose the correct answer from the options given below:

Which of the following statements are incorrect? (A) Loans from IMF is a Revenue Receipt. (B) Capital Receipts are shown on the liabilities of the balance sheet. (C) Interest payment by the government represents a representation of fiscal deficit. (D) Revenue Deficit is the excess of capital receipts over the revenue receipts. Choose the correct answer from the options given below:

__________ refers to that level of aggregate demand, which can be met by the corresponding supply in the economy.

Arrange the following steps in the calculation of national income, by income method in correct sequence: (A) Add Net Factor from Abroad to arrive at National Income. (B) Estimate the factor income estimated by each sector. (C) Identify and classify the income-generating units. (D) Calculate domestic factor income. Choose the correct answer from the options given below:

Which of the following is not a characteristic of a capitalist economy?

Identify which of the following statements is incorrect with reference to an economy?

Arrange the following statements in sequential order. (A) Rise in prices. (B) Central Bank increases margin requirement. (C) Situation of excess demand in the economy. (D) Aggregate demand falls. Choose the correct answer from the options given below:

In an economy if all individual increases the proportion of income they save, then arrange following statements in their chronological order. (A) Marginal propensity to consume decreases. (B) The level of income decreases. (C) The amount of savings remains the same. (D) The aggregate demand curve rotates downwards. Choose the correct answer from the options given below:

Which of the following are the functions of Government Budget? (A) Restriction. (B) Allocation. (C) Redistribution. (D) Stabilisation. Choose the correct answer from the options given below:

Identify which of the following statements are correct? (A) Fiscal deficit is the difference between total revenue and total expenditure excluding borrowing of the government. (B) Fiscal deficit is the difference between total planned expenditure and total planned receipts of the government. (C) Primary deficit is the difference between total planned receipt and interest payments. (D) Fiscal deficit is the sum of primary deficit and interest payment. Choose the correct answer from the options given below:

Balance of Payments of an economy records.

Identify the correct sequence with regard to externalities: (A) Leads to negative externalities. (B) Production by the refining industry pollutes nearby rivers. (C) Causes harm to people. (D) Dependent may loose their livelihood. Choose the correct answer from the options given below:

The value of nominal GDP is \$1100 and the value of real GDP is \$1000. Find the value of GDP deflator.