Some basic concepts of macroeconomics - class-XI
Description: some basic concepts of macroeconomics | |
Number of Questions: 55 | |
Created by: Ashok Dhingra | |
Tags: national income accounting basic concepts in economics production and employment national income and related aggregates basic concepts of national income basic concepts of economics economics introduction to macroeconomics |
Two-sector economy consists of _______________.
Stock variable is defined as a variable which is __________________.
The following statement is true or false? Give reasons.
Final goods include only those goods which are consumed by the households.
The following statements true or false? Give reasons.
End-use of the goods categorise the goods as intermediate goods and final goods.
The following statement is true or false? Give reasons.
Butter is only a final product.
Which of the following is an example of Non-durable good?
Which of the following is the consumption sector?
Which of the following is not a flow?
Which of the following is a stock?
Refrigerator purchased by a confectionery shop is an example of _______________.
Which of the following is a flow?
Foreign embassies in India are a part of India's _______________.
Which of the following is a stock?
Capital formation is a flow concept.
Bread can either be a consumer good or an intermediate good.
The following statements true or false? Give reasons
Intermediate goods have a derived demand, while final goods have direct demand.
The following statements true or false? Give reasons.
A good can be an intermediary good in one case and a final good in another case.
In a two-sector economy, total production is always equal to total consumption.
The following statements true or false? Give reasons.
Both 'Expected Obsolescence' and 'Unexpected Obsolescence' are considered for determining the amount of depreciation.
Which of the following is not an example of flow variable?
Losses are classified as ______________.
Depreciation means ___________________.
Final goods refer to those goods which are used either for ______ or for ________.
Net factor income from abroad is ________________.
Which of the following is an example of an intermediate goods?
Sugar purchased by a Sweet shop is an ______ good, while it is a _______ good when it is purchased by a consumer.
Depreciation of fixed capital assets refers to _______________.
Goods purchased for the following purpose are final goods ________________.
Unforeseen obsolescence of fixed capital assets during production is ________________.
Are the following statements true or false? Give reasons.
Increase in stock of goods held by a consumer will contribute to capital formation.
Change in stock is negative when:
For which of the following States has Centre appointed interlocutors?
Induced investment is made without reference to profit.
Capital output ratio refers to __________________.
"BCSBI" stands for _________________.
Keynes advocated unbalanced budget approach.
The book General Theory of Employment Interest and Money was written by _________.
_________ supported the principle of balance budget.
Autonomous consumption is income elastic.
At break even point, consumption (C) is equal to Income (Y) .
In developing countries the marginal propensity to consume is ______ than underdeveloped countries.
Net exports will be positive if ______.
Investments made by the government is _____________ investment.
Expected rate of return on investment is called_______ of capital.
_______ investment refers to the investment made without reference to income or profit.
Net investment refers to expenditure incurred on new capital goods.
Which of the following is an example of an intermediate goods?
The value of plant and machinery used and worn out in the manufacturing of goods and services is known as _______.
Which of these is not a final goods?
__________ are financial assets which are not a medium of exchange but are a close substitute for a transaction of business.
_______ account for the difference between GNP and NNP.
Which of these is not a feature of a Capitalist economy?
Depreciation means __________.
Goods that represent the social prestige are __________.
A refrigerator operating in a chemist's shop is an example of ______________.