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CUET (UG) entrance exam Question Bank Solutions

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Identify the correctly matched pair from Column A to Column B:

Column A Column B
(1) Increase of Foreign Reserve from $400 to $450 million  (a) Credit side of Capital Account
(2) Dassault Ltd. invested in Reliance Defence (b) Debit Side of Capital Account
(3) India gave the line of credit to Botswana (c) Credit Side of the Capital Account
(4) India borrowed $ 350 million from the world bank (d) Debit Side of the Capital Account
[7] Balance of Payments
Chapter: [7] Balance of Payments
Concept: undefined >> undefined

Payment of interest by a firm to a bank is ______ in the estimation of National Income.  

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

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Payment of interest by a bank to an individual is ______ in the estimation of National Income. 

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

Payment of interest by an individual to a bank is ______ in the estimation of National Income. 

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

Which of the following factors necessitated the need for economic reforms?

[6] Government Budget and the Economy
Chapter: [6] Government Budget and the Economy
Concept: undefined >> undefined

When MGNERGA was launched?

[4] Determination of Income and Employment
Chapter: [4] Determination of Income and Employment
Concept: undefined >> undefined

State which one of the following is true.

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

From the following data, calculate Personal Income and Personal Disposable Income.

    Rs (crore)
(a) Net Domestic Product at factor cost 8,000
(b) Net Factor Income from abroad 200
(c)  Undisbursed Profit 1,000
(d)  Corporate Tax 500
(e)  Interest Received by Households 1,500
(f)  Interest Paid by Households 1,200
(g) Transfer Income 300
(h)  Personal Tax 500
[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

The balance of trade shows a deficit of ₹5,000 crores and the value of imports are ₹9,000 crores. What is the value of exports?

[7] Balance of Payments
Chapter: [7] Balance of Payments
Concept: undefined >> undefined

Identify the correctly matched pair of items in Column A to those in Column B:

Column A Column B
1. Income Tax (a) Forced Transfer
2. Services of Housewives (b) Market Activities
3. Retirement Pension (c) Taxable for Firm
4. Annual value of goods and services produced. (d) Income method
[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

With a rise in real national income, welfare of the people ______

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

Assertion (A): Fiscal deficit is measured in terms of borrowings.

Reason (R): External borrowings increases the Fiscal deficit.

[6] Government Budget and the Economy
Chapter: [6] Government Budget and the Economy
Concept: undefined >> undefined

Why should the price rise only after full employment?

[4] Determination of Income and Employment
Chapter: [4] Determination of Income and Employment
Concept: undefined >> undefined

The balance of trade shows a deficit of ₹300 crore. The value of exports is ₹500 crore. What is the value of imports?

[7] Balance of Payments
Chapter: [7] Balance of Payments
Concept: undefined >> undefined

What is the impact of deficient demand on output, employment, and prices?

With reference to the above question, which of the following statements are correct

Statement 1:- Effect on output: Low level of investment and employment implies a low level of output

Statement 2:- Effect on employment: Because of deficiency of demand, investment level is reduced. Accordingly, the level of employment tends to fall.

Statement 3:- Effect on prices: A fall in prices is the immediate consequence of deficient demand.

[4] Determination of Income and Employment
Chapter: [4] Determination of Income and Employment
Concept: undefined >> undefined

What is equilibrium income?

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

In an economy, C = 300 + 0.5Y and I = ? 600/- (where C =consumption, Y =income or investment). Compute the equilibrium level of income

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

Read the following statements carefully and choose the correct alternatives given below:

Statement 1: Fiscal Deficit = Total Budget Expenditure - Total Budget Receipts (Net of borrowing)

Statement 2: Primary Deficit = Fiscal Deficit + Interest Payments.

[6] Government Budget and the Economy
Chapter: [6] Government Budget and the Economy
Concept: undefined >> undefined

In an economy, C = 300 + 0.5Y and I = ?. 600/- (where C = consumption, Y = income or investment). Computer the Consumption expenditure at equilibrium level of income

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
Concept: undefined >> undefined

A fiscal deficit is equal to borrowings. It is ______

[6] Government Budget and the Economy
Chapter: [6] Government Budget and the Economy
Concept: undefined >> undefined
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