01. If MPC and MPS are equal, what is the value of the multiplier?
02. What is meant by Statutory Liquidity Ratio?
03. How is primary deficit calculated?
04. What will be the effect of a rise in bank rate on money supply?
05. If planned savings are greater than planned investment, what will be its effect on inventories?
06. State the nature of transactions that are recorded in current account of the Balance of Payments account.
07. How does money solve the problem of double coincidence of wants ?
08. What are open market operations ? What is their effect on availibility of credit ?
09. What is the basis of classifying government expenditure into :
(a) Plan expenditure and non-plan expenditure
(b) Developmental expenditure and non-developmental expenditure.
10. What are the implications of a large revenue deficit? Give two measures to reduce this deficit.
11. Give two reasons for a rise in demand for a foreign currency when its price falls. OR State any two merits and demerits of flexible exchange rate system.
12. Can an economy be in a state of under employment equilibrium? Explain with the help of a diagram. For Blind Candidates only in lieu of Q.No.29. Can an economy be in a state of under employment equilibrium? Explain.
13. How will you treat the following while estimating domestic product of India?
(i) Rent received by a resident Indian from his property in Singapore.
(ii) Salaries to Indians working in Japanies Embassy in India.
(iii) Profits earned by a branch of an American Bank in India.
(iv) Salaries paid to Koreans working in Indian embassy in Korea. OR Explain any two precautions that should be taken while estimating national income by
(a) value added method, and
(b) income method.
14. Given below is the consumption function in an economy : C= 100 + 0.5Y With the help of a numerical example show that in this economy as income increases APC will decrease.
15. Calculate Gross National Product at Market Price and Personal Disposable Income from the following data (Rs. crores)
(i) Subsidy 20
(ii) Net factor income from abroad (–) 60
(iii) Gross national disposable income 1050
(iv) Personal Tax 110
(v) Savings of private corporations 40
(vi) National income 900
(vii) Indirect tax 100
(viii) Corporation tax 90
(ix) Net national disposable income 1000
(x) National debt interest 30
(xi) Net current transfers from abroad 20
(xii) Current transfers from government 50
(xiii) Miscellaneous receipts of the government administrative 30 departments.
(xiv) Private income 700
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