Explain any two causes of increase in demand. |
or |
What do you mean by complementary goods? Explain the effect of fall in the price of good X on demand of good Y if it is known that good X and good Y are complementary goods, |
(i) A fall in the price of inputs. |
(ii) Arise in price of substitutes. |
Economists say inconsistent statements, such as, "As price falls demand rises, but as demand rises, price rises." Defend or Refute, |
or |
A severe drought results in a drastic fall in output of wheat. Analyse, how will it affect the market price of wheat. |
Labour (L) | 1 | 2 | 3 | 4 | 5 | 6 |
Average Product of Labour\[(A{{P}_{L}})\] | 2 | 3 | 4 | 4.25 | 4 | 3.5 |
(i) Legal reserves |
(ii) Bank rate |
(i) Margin requirements |
(ii) Open market operations |
(i) Government expenditure on street lighting. |
(ii) Receipts from the sale of land. |
(iii) Money received from a worker, working abroad by his family. |
(iv) Government expenditure on defence. |
Explain any two functions of Central Bank. |
or |
Money has overcome the limitations of barter system. Comment. |
S.No. | Items | (-) in crores |
(i) | Net Imports | (-) 10 |
(ii) | Private Final Consumption Expenditure | 700 |
(iii) | Undistributed Profit | 20 |
(iv) | Net Domestic Capital Formation | 120 |
(v) | Government Final Consumption Expenditure | 200 |
(vi) | Net Factor Income to Abroad | (-5) |
(vii) | Corporation Tax | 100 |
(viii) | Net Indirect Tax | 10 |
(i) In which sub-account and on which side of the Balance of Payments Account will this borrowing be recorded? Give reason. |
(ii)Explain what is the impact of this borrowing on exchange rate. |
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