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What is revenue expenditure?
Concept: Classification of Expenditure
Market for a good is in equilibrium. There is simultaneous "decrease" both in demand and supply of the good. Explain its effect on market price
Concept: Market Equilibrium
Explain the chain of effects of excess supply of a good on its equilibrium price
Concept: Equilibrium Price
Explain how government budget can be helpful in bringing economic stabilization in the economy.
Concept: Objectives of Government Budget
A market for a good is in equilibrium. The supply of good "decreases". Explain the chain of effects of this change
Concept: Market Equilibrium
Giving reason, state whether the following is a revenue expenditure or a capital expenditure in a government budget:
Expenditure of building a bridge.
Concept: Classification of Expenditure
What is meant by price ceiling? Explain its implications.
Concept: Price Ceiling
Answer the following question.
In the given diagram, OP is the market-determined price, and OP1 is the price fixed by the government.
Concept: Price Floor
Suppose the demand and supply equations of a commodity X in a perfectly competitive market are given by :
Qd = 1700 – 2P
Qs = 1300 + 3P
Calculate the value of equilibrium price and equilibrium quantity of the commodity X.
Concept: Equilibrium Price
Answer the following question.
In the given figure, what does the gap 'KT' represent? State any two fiscal measures to correct the situation.
Concept: Measures of Government Deficit
Answer the following question.
Define "Trade surplus". How is it different from "Current account surplus"?
Concept: Concept of Balance of Payments >> Balance of Payments Surplus and Deficit
"Under the flexible exchange rate system, the Central Bank does not intervene in the foreign exchange market."
Justify the statement, giving valid arguments.
Concept: Determination of the Exchange Rate
Explain the impact of home currency depreciation on the exports of a nation.
Concept: Determination of the Exchange Rate
Giving valid reason, state whether the following statement is true or false:
Dividend received from investment abroad is recorded on the credit side of the capital account.
Concept: Concept of Balance of Payments >> Current Account
Giving valid reason, state whether the following statement is true or false:
Depreciation of the Indian Currency will lead to promotion of Indian exports.
Concept: Determination of the Exchange Rate
Distinguish between Autonomous transactions and Accommodating transactions.
Concept: Concept of Balance of Payments >> Balance of Payments Surplus and Deficit
Read the extract given below and answer the questions that follow:
At back of the dim class
One unnoted, sweet and young. His eyes live in a dream,
Of squirrel's game, in three room, other than this.
(a) Why is the class dim?
(b) How is the young child different from others?
(c) What is he doing?
(d) What is a tree room?
Concept: An Elementary School Classroom in a Slum
After mother Skunk and Roger Skunk return home, she hugs him before he sleeps. What does this show about mother Skunk?
Concept: Should Wizard Hit Mommy?
What impression do you form of Jack as a father? Support your answer.
Concept: Should Wizard Hit Mommy?
Describe the precautions taken by the prison officers to prevent Evans from escaping.
Concept: Evans Tries an O-level
