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Match the following groups:
| Group A | Group B | ||
| 1. | Deficit budget | a. | Tax revenue |
| 2. | Government budget | b. | Capital receipts |
| 3. | Fees, license fee | c. | Irrigation |
| 4. | Borrowings | d. | Non-tax revenue |
| 5. | Plan expenditure | e. | One year |
| f. | Government expenditure > Government revenue | ||
| g. |
Two years |
||
Concept: undefined >> undefined
State whether the following statement is true or false.
The budget is a monthly statement.
Concept: undefined >> undefined
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Define or Explain.
Budget
Concept: undefined >> undefined
The demand for salt is ______.
Concept: undefined >> undefined
Fill in the blank with appropriate alternatives given below:
Income elasticity of demand for inferior goods is __________.
Concept: undefined >> undefined
Fill in the blank with appropriate alternatives given below:
Perfectly elastic demand curve is ________________.
Concept: undefined >> undefined
Fill in the blank with appropriate alternatives given below:
Cross elasticity of demand is applicable to ____________ goods.
Concept: undefined >> undefined
Fill in the blank with appropriate alternatives given below:
The slope of demand curve is _______________ in case of inelastic demand.
Concept: undefined >> undefined
State whether the following statement is TRUE and FALSE.
Demand for luxuries is elastic.
Concept: undefined >> undefined
State whether the following statement is TRUE and FALSE.
Perfectly inelastic demand curve is parallel to the X axis.
Concept: undefined >> undefined
State whether the following statement is TRUE and FALSE.
Total outlay is price multiplied by quantity.
Concept: undefined >> undefined
State whether the following statement is TRUE and FALSE.
Unitary Elastic Demand rarely occurs in practice.
Concept: undefined >> undefined
State whether the following statement is TRUE and FALSE.
Concept of Elasticity of Demand is useful for finance minister.
Concept: undefined >> undefined
Define the following concept:
Cross Elasticity of Demand
Concept: undefined >> undefined
Define or explain the following concept:
Unitary Elastic Demand
Concept: undefined >> undefined
Define or explain the following concept:
Income Elasticity of Demand
Concept: undefined >> undefined
Give reason or explain the following statement:
Demand for necessaries is inelastic.
Concept: undefined >> undefined
Give reason or explain the following statement:
Demand for habitual goods is inelastic.
Concept: undefined >> undefined
Give reason or explain the following statement:
Concept of Elasticity of Demand helps trade union leaders.
Concept: undefined >> undefined
Give reason or explain the following statement:
Demand for commodity having multiple uses has elastic demand.
Concept: undefined >> undefined
