Multiple Choice Questions

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The non-tax revenue in the following is

  • Export duty

  • Import duty

  • Dividends

  • Dividends


C.

Dividends

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Short Answer Type

Name the broad categories of transactions recorded in the 'capital account' of the Balance of Payments Accounts.
OR
Name the broad categories of transactions recorded in the 'current account' of the Balance of Payments Accounts.

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Multiple Choice Questions

The value of multiplier is

  • 1/MPC

  • 1/MPS

  • 1/(1-MPS)

  • 1/(1-MPS)

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Long Answer Type

Market for a good is in equilibrium. The demand for the good 'increases'. Explain the chain of effects of this change.

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Multiple Choice Questions

Other things remaining unchanged, when in a country the price of foreign currency
rises, national income is (choose the correct alternative)

  • Likely to rise

  • Likely to fall

  • Likely to rise and fall both

  • Likely to rise and fall both

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Long Answer Type

Why is the equality between marginal cost and marginal revenue necessary for a firm to be in equilibrium? Is it sufficient to ensure equilibrium? Explain.

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Short Answer Type

If Real GDP is Rs. 200 and Price Index (with base = 100) is 110, calculate Nominal GDP.

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What is 'aggregate supply' in macroeconomics?

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Long Answer Type

State the different phases of changes in Total Product and Marginal Product in the Law of Variable Proportions. Also show the same in a single diagram.

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Multiple Choice Questions

Borrowing in government budget is

  • Revenue deficit

  • Fiscal deficit

  • Primary deficit

  • Primary deficit

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