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Give reason or explain.
Money is the basis of credit.
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State whether the following statement is true or false.
The difference between a country's exports and imports is termed as net earnings from foreign transactions.
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Distinguish between:
Exports and Imports
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State with reasons whether you ‘agree’ or ‘disagree’ with the following statement.
Demand curve slopes downward from left to right.
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Laaspeyre's index : _________ :: Paasche's index : Current year quantities
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Calculate the price index number from the given data:
| Commodity | A | B | C | D |
| Price in 2005 (₹) | 6 | 16 | 24 | 4 |
| Price in 2010 (₹) | 8 | 18 | 28 | 6 |
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Solve the following:
Calculate Quantity Index number from the given data:
| Commodity | P | Q | R | S | T |
| Base year quantities | 170 | 150 | 100 | 195 | 205 |
| Current year quantities | 90 | 70 | 75 | 150 | 95 |
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Solve the following:
Calculate Value Index number from the given data:
| Commodity | Base year | Current year | ||
| Price | Quantity | Price | Quantity | |
| A | 40 | 15 | 70 | 20 |
| B | 10 | 12 | 60 | 22 |
| C | 50 | 10 | 90 | 18 |
| D | 20 | 14 | 100 | 16 |
| E | 30 | 13 | 40 | 15 |
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Calculate Laaspeyre's index from the given data:
| Commodity | Base year | Current year | ||
| Price | Quantity | Price | Quantity | |
| X | 8 | 30 | 12 | 25 |
| Y | 10 | 42 | 20 | 16 |
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Solve the following:
Calculate Paasche's index from the given data:
| Commodity | Base year | current year | ||
| Price | Quantity | Price | Quantity | |
| X | 8 | 30 | 12 | 25 |
| Y | 10 | 42 | 20 | 16 |
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Distinguish between Laaspeyre's Index and Paasche's Index.
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Explain the steps involved in the construction of index numbers.
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NDP is obtained by ______.
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Complete the Correlation:
______ : C + I + G + (X-M) :: GNP : C + I + G + (X-M) + (R-P).
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Wrongly matched pair:
| a) |
National Income Committee |
1949 |
| b) | Financial year | 1st April to 31st March |
| c) | Income method | National Income = Rent + Wages + Interest + Profit+ Mixed income + Net Income from abroad |
| d) | Expenditure method | National Income = Rent + Wages + Interest + Profit |
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Explain the concept of Green GNP.
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Explain the principles of taxation.
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Development financial institutions were established to ______.
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Explain any four features of composition of India's foreign trade.
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Observe the following table and answer the questions:
| Price of a banana (per dozen) in ₹ | Demand (in dozen) | Supply (in dozen) | Relation between DD and SS |
| 10 | 500 | 100 | DD > SS |
| 20 | 400 | _____ | DD > SS |
| 30 | _____ | 300 | DD = SS |
| 40 | 200 | _____ | DD < SS |
| 50 | ______ | 500 | DD < SS |
- Fill in the blanks in the above schedule.
- Derive the equilibrium price from the above schedule with the help of a suitable diagram.
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