21.

What are revenue receipts in a government budget?

Primary deficit equals: (Choose the correct alternative)
(1) (a) Borrowings (b) Interest payments (c) Borrowings less interest payments (d) Borrowings and interest payments both

Foreign exchange transactions which are independent of other transactions in the Balance of Payments Account are called:(Choose the correct alternative)
(a) Current transactions
(b) Capital transactions
(c) Autonomous transactions
(d) Accommodating transactions

What is aggregate demand? State its components.

What is aggregate demand? State its components.

An economy is in equilibrium. Calculate Marginal Propensity to Consume:
National income = 1000
Autonomous consumption expenditure = 200
Investment expenditure = 100

Sale of petrol and diesel cars is rising particularly in big cities. Analyse its impact on gross domestic product and welfare. 

Explain the 'medium of exchange' function of money. How has it solved the related problem created by barter?

Explain how 'Repo Rate' can be helpful in controlling credit creation. 

What is the difference between revenue expenditure and capital expenditure? Explain how taxes and government expenditure can be used to influence.