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Ans – (d) Explanation:- Demand deposits are the part of the money supply as these are treated as equal to currency held as they are readily accepted as means of payment. Thus Assertion (A) is false and Reason (R) is…

Ans – (b) Explanation:- Assertion (A) is true, currency held with the government and banks is not included in the money supply. Money Supply includes Currency and coins held with public demand deposits  of the public with banks Reason (R)…

Ans – (a) Explanation:- These refer to those functions of money which are supplementary to the primary functions. These functions are derived from primary functions and, therefore, they are also known as ‘Derivative Functions’. The Major Secondary functions are: Standard…

Ans – (a) Explanation:- Money supply refers to the total volume of money held by the public at a particular point of time in an economy. There are two components of the money supply. Money Supply = Current with Public…

Ans – (c) Explanation:- Money Supply refers to a total volume of money held by the public at a particular point of time in an economy. Money supply is a stock concept as it is measured at a point of…

No, A partnership firm does not have a separate legal entity separate from its partners. Because the private assets of the partners can be used to meet the liabilities of the firm in case the firm’s assets are not adequate…

Ans – (b) Explanation:- GDP is often considered as an index of the welfare of the people. Welfare means a sense of material well-being among the people. It depends on the greater per-head availability of goods and services. So, higher…

Ans – (c) Explanation:- Exports (Exports/Imports) refers to expenditure incurred by foreigners on purchase of final goods and services produced within the country’s domestic territory and are included (included/not included) in National Income.  

Ans – (b) Explanation:- Change in stock is also called change in Inventory Investment. It includes three components Change in stock of finished goods Change in semi-finished goods Change in raw-materials Change in inventory investment = Change in stock of…

Ans – (c) Explanation:- Net Exports = Export of goods and services – Import of goods and services