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What is one potential problem that may result from calculating real GDP using constant prices of products in a base year?

Is balanced budget always the best budget?

Suppose the Gross Domestic Product in a country is $450 million and the population of that country is 150 million. What is the per capita GDP of that country?

___ was set up to oversee matters of Foreign Direct Investment.

Regional Rural Banks are opened up in areas :

Spot market is the market where:

Find the value of imports, if the balance of trade = Rs 180 crores and value of exports = Rs 280 crores.

Wealth is an example of:

Economies of U.K. and U.S.A are termed as the capitalist economy or market economy. State true or false.

Money is a dynamic factor. How?

Give reasons for the re-emergence of poverty in Pakistan?

Which of the following is an indirect tax?

Give the relationship between the revenue deficit and the fiscal deficit.

Personal income is equal to:

A borrower comes into the bank and pays off 100 Rupees of his loan. This was a cash payment by the borrower to the bank. What happens to this bank’s reserves?

What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh?

Prepare Cash Book with Bank Column of Vinod from the following transactions:

April 1 Cash in hand ............................................................... 2,200

Cash at Bank ............................................................... 5,000

April 15 Received a Cheque from Naresh.................................. 1,000

April 18 Cheque received from Naresh endorsed to Suresh in full settlement. 1,050

April 10 Paid Life Insurance premium of Mr.Mohan........................................... 100

April 13 Received and banked a cheque from Pawan in full settlement ............ 750

April 16 Pawan's Cheque returned dishonoured by bank

April 20 Deposited into Bank, Balance of Cash in excess of .............................. 250

Which of the following economic reforms were initiated by the government under liberalisation?

State the main problems that are generally associated with poverty of the economy.

Why are children not included in the working population?

Choose incorrect option w.r.t. ozone depletion.

Q5. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements:

1. They cannot engage in the acquisition of securities issued by the government.

2. They cannot accept demand deposits like Savings Account.

Which of the statement/s given above is/are correct?

What are the instruments of monetary policy of RBI? How does RBI stabilise money supply against exogenous shocks?

Name two accounts that are prepared under fixed capital method.

Which of the following terms refer to inflows of money into the circular flow of goods and services?

Discuss the fiscal reforms introduced under the New Economic Policy of 1991?

Real national income means:

Explain the relation between government deficit and government debt.

Which of the following images represent the finance sector?

Why do we observe regional differences in educational attainment in India?

Explain the term 'infrastructure'.

Explain Deflationary Gap and the role of 'Open Market Operations' in reducing this gap.

If the Real GDP is Rs 520 and Nominal GDP is Rs 650, calculate the Price Index (base=100).

What are your views on the reforms introduced in the financial sector under the New Economic Policy?

Explain the reason for the decline of the handicraft industry in India.

Customs duty is imposed on:

What problems are being faced by the power sector in India?

Q14. Consider the following statements about Innovate in India for Inclusiveness Project:

1. The initiative will be supported by Ministry of Finance and World Bank.

2. The objective of project is to nurture indigenous innovation, foster local product development and accelerate commercialization process in biopharmaceutical and medical devices industry in India.

Which of the above statements are correct?

Calculate the total value added from the following data. Ignore units. $\begin{array}{cc}\text{Value of output in primary sector}& 800\\ \text{Value of output in secondary sector}& 200\\ \text{Value of output in tertiary sector}& 300\\ \text{Value of raw materials purchased by primary sector}& 400\\ \text{Value of raw materials purchased by secondary sector}& 100\\ \text{Value of raw materials purchased by tertiary sector}& 50\end{array}$

Explain how 'Repo Rate' can be helpful in controlling credit creation.

In order to maximise the profit margins, the board of directors of 'Gamma Ltd' has decided to cut down the cost of production, by using low-quality raw materials, low paid children and women labourers, increasing working hours for employees and discontinuing waste management. A group of labourers opposed the management for less wages paid to them. They are terminated from the organisation. Enumerate the values that a qualified management should adhere to.

(a) From the following data compute net value added at factor cost:

$\begin{array}{cccccccc}\text{Items}& \text{Domestic sales}& \text{Subsidies}& \text{Purchase of raw material}& \text{Exports}& \text{Depreciation}& \text{Import of}& \text{Net}\\ & & & \text{in domestic market}& & & & \text{indirect taxes}\\ \text{In Crores}& 2500& 40& 500& 200& 100& 600& 60\end{array}$

(b) Intermediate goods and corporate tax are included in national income indirectly. How ?

OR

Calculate $GN{P}_{mp}$

(a) By Income Method

(b) Expenditure Method

$\begin{array}{ccc}\left(a\right)& \text{Rent}& 40\\ \left(b\right)& \text{Private Final Consumption Expenditure}& 800\\ \left(c\right)& \text{Net Exports}& 20\\ \left(d\right)& \text{Interest}& 60\\ \left(e\right)& \text{Profit}& 120\\ \left(f\right)& \text{Government Final Consumption Expenditure}& 200\\ \left(g\right)& \text{Net Domestic Capital Formation}& 100\\ \left(h\right)& \text{Compensation of Employees}& 800\\ \left(i\right)& \text{Depreciation}& 20\\ \left(j\right)& \text{Net Indirect Taxes}& 100\\ \left(k\right)& \text{Net Factors Income From Abroad}& (-)20\end{array}$

The goods of a textile company are being moved from one state to another. The company is being charged a fee by the central government for the same. This fee is a part of ___ budget for the government.

Q24. Consider the following statements:

1. The overall objective of priority sector lending programme is to ensure that adequate institutional credit flows into some of the vulnerable sectors of the economy.

2. There are eight broad categories of the Priority Sector Lending Agriculture; Micro, Small and Medium Enterprises; Export Credit; Education ; Housing ; Social Infrastructure ; Renewable Energy ; Others.

Which of the following statements are correct?

When it takes a large amount of currency to purchase goods and services, what is the price level?

Why is it not easy to maintain an employment growth rate of 2% for a country like India?

Greenhouse effect is caused by

M K Limited is a computer hardware manufacturing company. While preparing its accounting records it takes into consideration the various accounting principles and maintains transparency. At the end of the accounting year, the company follows the 'Companies Act and Rules, 2013' for the preparation of its Financial Statements. It also prepares its Income Statement and Balance Sheet as per the format provided in Schedule III to the Act. Its Financial Statements depict its true & fair financial position. For the financial year ending March 31, 2017, the accountant of the company is not certain about the presentation of the following items under relevant Major Heads and Sub Heads, if any, in its Balance Sheet:

(i) Securities Premium Reserve

(ii) Calls in Advance

(iii) Stores and Spares

(a) Advise the accountant of the company under which Major Heads and Sub Heads, if any, he should present the above items in the Balance Sheet of the company,

(b) List any two values that the company is observing in the maintenance of its accounting records and preparation of its financial statements.

IMF stands for

Q47) In a major revamp of the financial sector architecture, the finance ministry issued a fresh draft of the Indian Financial Code (IFC). Consider the following statements:

1) IFC envisages establishment of a financial regulatory architecture featuring seven agencies.

2) It proposed a monetary policy committee headed by the “chairperson” of the Reserve Bank of India to decide on key interest rates by a majority vote

3) According to IFC the central bank will function as the monetary authority, banking regulator and payment system regulator only

Which of the statement(s) given above is/are correct?