Please select a subject first
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Identify the incorrect statement from the following:
Concept: Demographic Indicators
Assertion (A): During 1980's, economic growth rate of Pakistan was more than that of India.
Reason (R): Pakistan followed the path of mixed economic structure with equal participation of the public and the private sector.
Concept: Development Strategies - an Appraisal
Compare and analyse the following information related to Annual Growth of Gross Domestic Product (GDP) of India and China:
Annual Growth of Gross Domestic Product
| Country | 1980 - 90 | 2015 - 17 |
| India | 5.7 | 7.3 |
| China | 10.3 | 6.8 |
Concept: Gross Domestic Product and Sectors
Statement 1: In a two sector economy, consumption expenditure and investment expenditure are the two components of Aggregate Demand.
Statement 2: Aggregate demand curve always start from point of origin with positive slope.
In the light of given statements, choose the correct alternative from the following:
Concept: Aggregate Demand and Its Components
Explain the chain effects, if the prevailing market price is below the equilibrium price.
Concept: Equilibrium Price
What is perfect oligopoly?
Concept: Market Forms - Perfect Oligopoly
Fiscal deficit equals :
(a) Interest payments
(b) Borrowings
(c) Interest payments less borrowing
(d) Borrowing less interest payments
Concept: Measures of Government Deficit
Explain how government budget can used to bring in price stability in the economy.
Concept: Objectives of Government Budget
Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.
Expenditure on a collection of taxes.
Concept: Classification of Expenditure
Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.
Concept: Objectives of Government Budget
Giving reason, state whether the following statement is true or false.
When equilibrium price of a good is less than its market price, there will be competition among the sellers.
Concept: Equilibrium Price
Distinguish between revenue deficit and fiscal deficit.
Concept: Measures of Government Deficit
Explain any one objective of Government Budget.
Concept: Objectives of Government Budget
Explain how taxes and government expenditure can be used to influence revenue expenditure and capital expenditure?
Concept: Classification of Expenditure
Explain how government budget can be used to influence the distribution of income?
Concept: Objectives of Government Budget
Explain the meaning of Budget set
Concept: Types of Budget
Explain the meaning of excess demand and excess supply with the help of a schedule. Explain their effect on equilibrium price.
Concept: Equilibrium Price
Define revenue
Concept: Measures of Government Deficit
A market for a good is in equilibrium. The demand for the good 'increases'. Explain the chain of effects of this change.
Concept: Market Equilibrium
Which one of these is a revenue expenditure?
Concept: Classification of Expenditure
