Assertion (A): Money Supply is a stock concept.
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…
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Does a partnership firm has a separate legal entity? Give reason in support of your answer.
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…
The term welfare refers to:
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…
_____ (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/not included) in National Income
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.
_____ is the change in stock of finished goods, semi-finished goods and raw materials:
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…
Which of the following is a component of Net Exports?
Ans – (c) Explanation:- Net Exports = Export of goods and services – Import of goods and services
The sum of factor payments is equal to _______.
Ans – (a) or (b) Explanation:- Domestic Income is the sum of factor payments earned by residents and non-residents from the domestic territory of India. National Income is the sum of factor payments earned by residents from the domestic territory…
GNP Deflator is represented by which of the following formulae?
Ans – (a) Explanation:- What is GNP Deflator It is the ratio of Nominal GNP to Real GNP of the Current year. GNP Deflator = Nominal GNP/Real GNP × 100 To eliminate the effect of price changes and to determine…
When Nominal Gross Domestic Product (GDP) is ₹ 840 Crores and price index is 120, then the Real Gross Domestic Product (GDP) will be ____
Ans – (a) Solution:- Real Gross Domestic Product = Nominal Gros Domestic Product/Price Index × 100 Real Gross Domestic Product = ₹ 840/₹ 120 × 100 Real Gross Domestic Product = ₹ 700 Crores
Which one is a component of Profit?
Ans – (d) Explanation:- Following are the components of profit Profit = Corporate Tax + Dividend + Undistributed Profit