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Assertion (A): Human capital is not traded in the market; however its services are traded.
Reason (R): Human capital is intangible in nature.
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From the set of the events given in Column-I and the corresponding year in Column-II, choose the incorrect pair:
| Column-I | Column-II | ||
| A. | Introduction of railways in India | (i) | 1850 |
| B. | Incorporation of TISCO | (ii) | 1807 |
| C. | First official census of India | (iii) | 1881 |
| D. | Opening of suez canal | (iv) | 1869 |
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On the basis of the data given below, identify the incorrect statement in terms of annual growth of GDP (%): (Choose the correct alternative)
| Annual Growth of Gross Domestic Product (%) 1980-2017 | ||
| Country | 1980-90 | 2015-2017 |
| India | 5.7 | 7.3 |
| China | 10.3 | 6.8 |
| Pakistan | 6.3 | 5.3 |
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"Active Government intervention is essential in education and health sectors in India."
Do you agree with the given statement? Give reasons in support of your answer.
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As per the Reserve Bank of India (RBI) press report, dated 29th December, 2022:
"Net external commercial borrowings to India recorded an outflow of US$ 0.4 billion in the second quarter (2022-23)"
The above transaction will be recorded in the _______ account on ______ side of Balance of payments account of India.
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Read the following chart carefully and choose the correct alternative:
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Compare and analyse the following information related to Annual Growth of Gross Domestic Product (GDP) of India and China:
Annual Growth of Gross Domestic Product
| Country | 1980 - 90 | 2015 - 17 |
| India | 5.7 | 7.3 |
| China | 10.3 | 6.8 |
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What is revenue expenditure?
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Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.
Expenditure on a collection of taxes.
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Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each.
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Explain how taxes and government expenditure can be used to influence revenue expenditure and capital expenditure?
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What is capital expenditure?
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State one example of positive economics.
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Which one of these is a revenue expenditure?
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Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.
Expenditure on purchasing computers
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Calculate investment expenditure from the following date about an economy which is in equilibrium :
National Income = 1000
Marginal propensity to save = 0.20
Autonomous consumption expenditure = 100
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Calculate Autonomous Consumption Expenditure from the following data about an economy which is in equilibrium:
National income = 500
Marginal propensity to save = 0.30
Investment expenditure = 100
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Giving reason, state whether the following is a revenue expenditure or a capital expenditure in a government budget:
Expenditure on scholarships
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Giving reason, state whether the following is a revenue expenditure or a capital expenditure in a government budget:
Expenditure of building a bridge.
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The government has started spending more on providing free services like education and health to the poor. Explain the economic value it reflects.
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