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Statements that are incorrect in relation to index numbers:
- An index number is a geographical tool.
- Index numbers measure changes in air pressure.
- Index numbers measure relative changes in an economic variable.
- Index numbers are specialized averages.
Concept: undefined >> undefined
______ : Base year prices :: P1 : Current year prices.
Concept: undefined >> undefined
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Complete the Correlation:
__________ : Single variable :: Composite index : Group of variables
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement:
Index numbers measure changes in the price level only.
Concept: undefined >> undefined
State with reasons whether you agree or disagree with the following statement:
Index numbers can be constructed without the base year.
Concept: undefined >> undefined
Explain the features of index numbers.
Concept: undefined >> undefined
Optional functions of government:
- Protection from external attack
- Provision of education and health services
- Provision of social security measures
- Collection of tax
Concept: undefined >> undefined
"Definition - Public finance is one of those subjects which are on the borderline between economics and politics." given by:
- Adam Smith
- Alfred Marshall
- Prof. Hugh Dalton
- Prof. Findlay Shirras
Concept: undefined >> undefined
Distinguish between the following concepts:
Public Finance and Private Finance
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement:
The obligatory function is the only function of the Government.
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement:
Public finance is more elastic than private finance.
Concept: undefined >> undefined
Read the given passage and answer the questions:
|
The conventional notion of social security is that the government would make periodic payments to look after people in their old age, ill health, disability, and poverty. This idea should itself change from writing a cheque for the beneficiary to institutional arrangements to take care of beneficiaries, including by enabling them to look after themselves, to a large extent. The write-a-cheque model of social security is a legacy from the rich world at the optimal phase of its demographic transition when the working population was numeral enough and earning enough to generate the taxes to pay for the care of those not working. This model is ill-suited for less, well-off India with growing life expectancy, increasing urbanization, and resultant migration. Social security under urbanization will be different from social security in a static society. |
- State the conventional notion of social security.
- What kind of conceptual change is suggested in the given paragraph?
- What is the legacy of social security from the rich world?
- Which features of India make the traditional model of social security ill-suited for the economy?
Concept: undefined >> undefined
Find the odd word out:
Financial Assets:
Concept: undefined >> undefined
Features of index numbers:
- It is useful in framing suitable economic policies.
- It is useful to present financial data in real terms
- Index numbers are statistical devices.
- Index numbers are specialized averages.
Concept: undefined >> undefined
______: Protection from external attacks :: Optional function : Provision of social security
Concept: undefined >> undefined
Index numbers that measure changes in the level of output or physical volume of production in the economy −
Concept: undefined >> undefined
Device that measures changes in an economic variable or a group of variables over a period of time –
Concept: undefined >> undefined
Find the odd word
Types of index numbers -
Concept: undefined >> undefined
Find the odd word
Optional functions of Government -
Concept: undefined >> undefined
Index number was originally developed to measure ______.
Concept: undefined >> undefined
