Advertisements
Advertisements
The government has started spending more on providing free services like education and health to the poor. Explain the economic value it reflects.
Concept: Classification of Expenditure
Define price floor. Explain the implications of price floor.
Concept: Price Floor
What are two alternative ways of determining equilibrium level of income? How are these related?
Concept: Determination of Market Equilibrium
Explain the major components of government budget.
Concept: Types of Budget
In order to tackle the problem of rising general price in an economy, government may come up with a surplus budget to achieve the budget objective of ______.
- reallocation of resources
- price stability
- redistribution of income
Concept: Objectives of Government Budget
Assertion (A): The Balance of payments is in surplus, if autonomous receipts are greater than autonomous payments.
Reason (R): Autonomous transactions are determined by the difference in the Balance of Payments.
Concept: Concept of Balance of Payments >> Balance of Payments Surplus and Deficit
As per the Reserve Bank of India (RBI) press report, dated 22nd June, 2022:
"Net Foreign Portfolio Investment (FPI) recorded an outflow of US $15.2 billion mainly from the equity market."
The above transaction will be recorded in the ______ account on ______ side of Balance of payments account of India.
Concept: Concept of Balance of Payments >> Capital Account
'Deficit' in Balance of payment (BOP) refers to the excess of ______.
Concept: Concept of Balance of Payments >> Balance of Payments Surplus and Deficit
Suppose, the price of one UK Pound (£) has increased from ₹ 70 to ₹ 80, owing to market forces.
This means that value of Indian Currency (₹) has ______.
Concept: Determination of the Exchange Rate
Suppose, Country X, has more inflation than Country Y. Which of the following is most likely situation to happen in such a case, assuming other factors being constant?
Concept: Concept of Balance of Payments >> Balance of Payments Surplus and Deficit
An economy is in equilibrium. Find investment expenditure :
National income =1200
Autonomous consumption expenditure=150
Marginal Propensity to consume =0.8
Concept: Methods of Measurement of National Income >> Expenditure Method
Answer the following question.
Explain the meaning of opportunity cost with the help of a production possibility schedule.
Concept: Concepts of Production Possibility Frontier
What was the two-fold motive behind the systematic deindustrialisation effected by the British in pre-independent India?
Concept: Introduction to Indian Economy on the Eve of Independence
Choose the correct alternative from given options:
In the given figure, the movement on the production possibility curve from point A to point B shows _____________.
Concept: Concepts of Production Possibility Frontier
Identify and discuss the nature of the following newspaper reports in terms of positive or normative economic analysis:
(i) "India jumped 23 points in the World Bank's ease of doing business index to 77th place, highest in 2 years." – The Economic Times
(ii) "Government should further liberalise the business rules." – The Economic Times
Concept: Positive and Normative Economics
Answer the following question.
Gross Domestic Product (GDP) Does Not Give Us a Clear Indication of Economic Welfare of a Country. "Defend Or Refute the Given Statement with Valid Reason.
Concept: GDP and Welfare
Distinguish between positive externalities and negative externalities.
Concept: Factor Cost, Basic Prices and Market Prices
Discuss any two merits and demerits of the Green Revolution in the agricultural sector in the Indian economy.
Concept: Agriculture
State the meanings of the following:
Operating Surplus
Concept: Factor Cost, Basic Prices and Market Prices
Explain the role of microcredit in meeting credit requirements of the poor.
Concept: Credit and Marketing in Rural Areas
