CUET (UG) entrance exam Question Bank Solutions for Business Economics

The difference between fiscal deficit and interest payment is known as ______

We suppose that C = 70 + 0.70Y D, I = 90, G = 100, T = 0.10Y (1) Find the equilibrium income

What is relation between government deficit and government debt?

Which of the following statements are correct

Statement 1: Fiscal deficits are not necessarily inflationary; though, they are generally regarded as inflationary.

Statement 2: When the government expenditure increases and tax reduces, there is a government deficit and there will be a corresponding increase in the aggregate demand.

______ are the transactions between the residents of two countries that take place due to consideration of profit. 

______ are those transactions that are undertaken to cover deficit or surplus in autonomous transactions.  

Which of the following transactions are correct about ORT?

How do we get the primary deficit from the fiscal deficit?

If India exports goods worth ₹20 crores and imports goods worth ₹30 crores, it will have a ______

Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. Find equilibrium income

Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. Find the net export balance at equilibrium income

Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. What happens to equilibrium income and the net export balance when the government purchases increase from 40 to 50?

In the above question 15, if exports change to X = 100, find the change in equilibrium income

Which of the following points are related to the current alarm?

Suppose C = 100 + 0.75Y D, I= 500, G = 750, taxes are 20 per cent of income, X = 150, M = 100 + 0.2Y. Calculate equilibrium income.

______ is the part of Profit.

______ refers to the situation of excess imports of goods over exports of goods.

Which of the following statements is true?

Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.

Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.

How is the interest earned by normal resident treated?