Give meaning of managed floating exchange rate.
Managed floating exchange rate system is the combination of two systems of exchange rate, namely, fixed exchange rate and floating exchange rate. On one hand, the foreign exchange market is allowed to operate freely and on the other hand, there is an official declaration of rules or guidelines for the intervention by the monetary authority. That is, under this system the exchange rate is determined through the market forces with intervention of the monetary authority as and when required.
Calculate Gross Value Added at Factor Cost:
(i) | Units of output sold (units) | 1000 |
(ii) | Price per unit of output | 30 |
(iii) | Depreciation(Rs.) | 1000 |
(iv) | Intermediate cost (Rs.) | 12000 |
(v) | Closing stock (Rs.) |
Outline the steps taken in deriving saving curve from the consumption curve. Use diagram.
Autonomous consumption | Rs. 100 |
Marginal Propensity to consume | Rs. 0.80 |
Investment | Rs. 50 |
Distinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples.