Output(Units) | Price(Rs) | TotalCost(TC)(Rs) |
1 | 5 | 7 |
2 | 5 | 12 |
3 | 5 | 16 |
4 | 5 | 18 |
5 | 5 | 23 |
(i) What is the significance of P=10? |
(ii) At what price will the market be in equilibrium? State the reason. |
(iii) Calculate the equilibrium quantity. |
(iv) How many firms are required in the market? |
S. No | Contents | Rs.(in lakhs) |
(i) | Sales | 500 |
(ii) | Subsidies | 30 |
(iii) | Purchase of Machine Intalled in the Factory | 400 |
(iv) | Purchase of Raw Materials | 250 |
(v) | Change in Stock | (-) 20 |
(vi) | Consumption of Fixed Capital | 40 |
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 Japanese 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. |
(i) Current account of balance of payments account records only export and import of goods and services. |
(ii) Foreign investments are recorded in the capital account of balance of payments. |
(iii) Improvement in exchange rate of the country's currency always beneficial for Balance of Payment (BoP). |
(iv) Rise in foreign exchange rate cause a rise in its supply. |
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