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In an open economy, Aggregate Demand is estimated as:
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Demand deposits include:
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Identify the correctly matched pair of the items in Column A to that of Column B.
| Column A | Column B | ||
| (1) | Increase in demand for goods | (a) | Leftward shift in the demand curve |
| (2) | Decrease in demand | (b) | Perfectly Elastic Demand |
| (3) | Ed = ∞ | (c) | Increases in the income of the consumer |
| (4) | Downward Sloping | (d) | Income elasticity of Demand |
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Which of the following statement is true?
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Which of the following statements is true?
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Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to:
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Assertion (A): Demand deposits are not legal tenders.
Reason (R): They are with the bank, so only can be used as a legal tender when cheques are issued for the transfer.
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Identify the correct matched pair from Column A to Column B and choose the correct alternative:
| Column A | Column B |
| 1. Export of weapons to Vietnam | (a) Credit side of Current Account |
| 2. Import of Apache Helicopter from USA | (b) Capital Account of Balance of Payments |
| 3. Remittances from relative from UAE | (c) Debit side of Current Account of Balance of Payments |
| 4. Investment by Tesla Incorporation in India | (d) Credit side of Current Account of Balance of Payments |
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Payment for import of goods is recorded in the ______ side of the Current account of the Balance of Payments.
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Which of the following will be excluded when one calculating National Income through the Value Added Method?
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______ states that, other things being equal, quantity supplied increases with increase in price and decrease with decrease in price of a commodity.
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Read the following statements carefully and choose the correct alternatives given below:
Statement 1: Current account records exports and imports of visible and invisible items only.
Statement 2: The balance of the current account is the difference between the sum of credit items and the sum of debit items on the current account.
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What concept are all domestic variants?
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When calculating the national Income which of the following will not be considered?
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Identify the correctly matched pair from column A to that of Column B:
| Column A | Column B | ||
| 1 | Large number of sellers and a single buyer | (a) | Monopoly Market |
| 2 | Single seller and a large number of buyers | (b) | Perfect Competition Market |
| 3 | Firms and industries are synonymous | (c) | Monopoly Market |
| 4 | No close substitutes | (d) | Perfect Competition Market |
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Which of the following statements is true?
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Assertion (A): Import of machinery is reflected in the current account of the balance of payments.
Reason (R): Export and import of goods and Invisibles are recorded in the current account of the balance of payments.
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Product differentiation is a distinguishing feature of which form of the market?
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Statement 1: AP can take positive values only.
Statement 2: TP can take negative values only.
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Per capital income calculated?
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