Giving reasons classify the following into intermediate products and final products:
Chalks, dusters, etc. purchased by a school.
Chalks, dusters, etc, are a final product as they are used for final consumption and does not undergo any further processing.
Explain the role of the following in correcting 'deficient demand' in an economy:
Open market operations.
Giving reasons classify the following into intermediate products and final products:
Furniture purchased by a school.
Explain the role of the following in correcting 'excess demand' in an economy:
Open market operations
Explain the process of money creation by the commercial banks with the help of a numerical example.
Distinguish between collusive and non-collusive oligopoly. Explain how the oligopoly firms are interdependent in taking price and output decisions.
From the following data about a Government budget, find out (a) Revenue deficit, (b) Fiscal deficit and (c) Primary deficit:
(Rs. Arab)
(i) Capital receipts net of borrowings 95
(ii) Revenue expenditure 100
(iii) Interest payments 10
(iv) Revenue receipts 80
(v) Capital expenditure 110
Explain the role of the following in correcting 'deficient demand' in an economy:
Bank rate
