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Point out a demerit of the fixed exchange rate.
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______ is the output at base-year prices.
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Growth of GDP and Major Sectors (in %)
| Column I | Column II |
| (1) Feature of Perfect Competition | (a) Only one buyer |
| (2) Feature of the Monopoly Market | (b) Only a few sellers |
| (3) Features of Monopolistic Competition | (c) a Large Number of Buyers and Sellers |
| (4) Features of the Monopoly Market | (d) Only a few buyers |
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Marginal revenue equals ______ price.
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What does Real GDP show?
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If Marginal Propensity to Save (MPS) is 0.25 and the initial change in investment is ₹ 250 crores, then the final change in income would be ______.
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The focus of government budget is to:
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GDP is not an appropriate indicator of welfare because of:
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For a consumer to recognize how many commodities he/she should buy, which approach is used?
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Identify the correct pair as given in Column B by matching them with respective concepts in Column A:
| Column A | Column B | ||
| (1) | Reduction in the value of the domestic currency by the government | (a) | Devaluation |
| (2) | Reduction in the value of the domestic currency through market forces | (b) | Appreciation |
| (3) | Increase in the value of the domestic currency by the government | (c) | Depreciation |
| (4) | Increase in the value of the domestic currency through market forces | (d) | Revaluation |
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Assertion (A): GDP does not exhibit the structure of the product.
Reason (R): If the increase in GDP is mainly due to increased production of war equipment and ammunitions, then such an increase cannot improve welfare in the economy.
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The slope of the Total Revenue equals ______
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Consider the following statements:
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The use of public parks increases welfare
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The distribution of GDP increases welfare
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Higher GDP always causes higher welfare
Which of the above statements are false?
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What does the Factor Cost represent?
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Economists like Adam Smith follow which school of economics?
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Identify the objective of the budget.
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Production possibility curve slopes downwards from ______ to ______.
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Which of the following is the result of increase in price of factors of production?
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______ is shown by Nominal GDP.
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Identify the correct pair of items from the following Columns I and II:
| Column I | Columns II |
| 1. MC cuts AC | (a) MC is greater than AC. |
| 2. Derived from TC | (b) Opportunity cost |
| 3. When AC falls | (c) MC is lower than AC. |
| 4. When AC rises | (d) At its minimum points. |
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