Indian Economy

Which of the following is most closely associated with Potential GDP?

A Nominal GDP
B Fiscal deficit
C the level of output consistent with sustainable normal resource utilisation
D Actual GDP in every year

In Indian economic terminology, Potential GDP refers to:

A the level of output consistent with sustainable normal resource utilisation
B Nominal GDP
C Fiscal deficit
D Actual GDP in every year

Which statement about Potential GDP is correct?

A Fiscal deficit
B the level of output consistent with sustainable normal resource utilisation
C Nominal GDP
D Actual GDP in every year

What is the correct description of Output gap?

A Trade deficit
B Savings gap
C Revenue deficit
D the difference between actual and potential output

Which of the following is most closely associated with Output gap?

A Revenue deficit
B Savings gap
C the difference between actual and potential output
D Trade deficit

In Indian economic terminology, Output gap refers to:

A the difference between actual and potential output
B Trade deficit
C Savings gap
D Revenue deficit

Which statement about Output gap is correct?

A Revenue deficit
B Trade deficit
C the difference between actual and potential output
D Savings gap

What is the correct description of Productivity?

A Population growth
B output produced per unit of input
C Money supply
D Tax paid per worker

Which of the following is most closely associated with Productivity?

A Money supply
B Tax paid per worker
C output produced per unit of input
D Population growth

In Indian economic terminology, Productivity refers to:

A Population growth
B output produced per unit of input
C Money supply
D Tax paid per worker

Which statement about Productivity is correct?

A Tax paid per worker
B Money supply
C output produced per unit of input
D Population growth

What is the correct description of automatic stabilisers?

A Fiscal mechanisms that automatically moderate economic fluctuations
B A bank reserve rule
C A fixed exchange rate
D A trade tariff

Which of the following is most closely associated with the Phillips curve?

A Exports and imports
B Taxes and public debt
C Inflation and unemployment
D GDP and population

In Indian economic terminology, reserve money refers to:

A Only foreign exchange
B Only fixed deposits
C The monetary base/high-powered money
D Only government expenditure

Which statement about exchange-rate depreciation is correct?

A It eliminates the trade deficit automatically
B It can improve export competitiveness, other things equal
C It is the same as official revaluation
D It always lowers import prices

What is the correct description of Government budget?

A A balance-of-payments account
B A monetary-policy statement
C A bank ledger
D an annual statement of estimated government receipts and expenditure

Which of the following is most closely associated with Government budget?

A an annual statement of estimated government receipts and expenditure
B A balance-of-payments account
C A monetary-policy statement
D A bank ledger

In Indian economic terminology, Government budget refers to:

A A balance-of-payments account
B A bank ledger
C A monetary-policy statement
D an annual statement of estimated government receipts and expenditure

Which statement about Government budget is correct?

A A bank ledger
B A monetary-policy statement
C an annual statement of estimated government receipts and expenditure
D A balance-of-payments account

What is the correct description of Revenue receipt?

A Disinvestment proceeds
B a receipt that neither creates a liability nor reduces government assets
C Borrowing
D Loan recovery

Which of the following is most closely associated with Revenue receipt?

A Borrowing
B a receipt that neither creates a liability nor reduces government assets
C Disinvestment proceeds
D Loan recovery

In Indian economic terminology, Revenue receipt refers to:

A Loan recovery
B Disinvestment proceeds
C Borrowing
D a receipt that neither creates a liability nor reduces government assets

Which statement about Revenue receipt is correct?

A Borrowing
B Disinvestment proceeds
C Loan recovery
D a receipt that neither creates a liability nor reduces government assets

What is the correct description of Capital receipt?

A GST
B Income tax
C a receipt that creates a liability or reduces an asset
D Fees

Which of the following is most closely associated with Capital receipt?

A GST
B a receipt that creates a liability or reduces an asset
C Income tax
D Fees