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What is the marginal propensity to import when M = 60 + 0.06Y? What is the relationship between the marginal propensity to import and the aggregate demand function?
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Suppose the exchange rate between the Rupee and the dollar was Rs. 30=1$ in the year 2010. Suppose the prices have doubled in India over 20 years while they have remained fixed in USA. What, according to the purchasing power parity theory will be the exchange rate between dollar and rupee in the year 2030.
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Explain the term ‘infrastructure’.
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Explain the two categories into which infrastructure are divided. How are both interdependent?
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How do infrastructure facilities boost production?
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Infrastructure contributes to the economic development of a country. Do you agree? Explain.
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State the relation between marginal product and average product. Show this relation in a diagram.
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When were the railways Introduced in India?
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According to classical economists, the real wage rate is ______ to the Marginal Productivity of Labour.
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Which of the following statements is not correct with regards to infrastructure?
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Which of the following facilities is included in social infrastructure?
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Read the following text carefully and answer question given below:
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The centre's PM Gati Shakti Scheme will give much needed push to infrastructure development and logistic across India. This scheme will drive the economic growth by giving boost to industries such as steel and cement. Greater connectivity is expected to improve economic opportunities for small farmers and small and medium enterprises through new roads, cargo terminals etc. The Gati Shakti Scheme features at the centre stage of Budget 2022-23, highlighting the importance of quality multi-modal transport in achieving overall cost competitiveness. Under Gati Shakti Scheme, the railways will develop new products and services targeted at small farmers and businesses to help them become a part of layer supply chain. (Source: The Economic Times, Feb., 2, 2022 (Modified) |
- State the meaning of infrastructure.
- Explain any two objectives of PM Gati Shakti Scheme.
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"Under the flexible exchange rate system, the Central Bank does not intervene in the foreign exchange market."
Justify the statement, giving valid arguments.
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Explain the impact of home currency depreciation on the exports of a nation.
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Graphically, Aggregate Demand function can be obtained by vertically adding the ______ and ______ function.
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Suppose, the price of one UK Pound (£) has increased from ₹ 70 to ₹ 80, owing to market forces.
This means that value of Indian Currency (₹) has ______.
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Giving valid reason, state whether the following statement is true or false:
Depreciation of the Indian Currency will lead to promotion of Indian exports.
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State and explain any two main causes behind infrastructural development by British rule.
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What is perfect oligopoly?
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Find net value added at factor cost:
(Rs lakh)
(i) Durable use producer goods with a life span of 10 years 10
(ii) Single use producer goods 5
iii) Sale 20
(iv) Unsold output produced during the year 2
(v) Taxes on production 1
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