- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
Statement 1 is false and Statement 2 is true. Primary deposits are the initial cash deposits made by the public with banks, but they are not simply described as "cash deposits by general public" in the limited statement form used here; the standard NCERT distinction is that primary deposits are the original deposits and secondary deposits are created when banks lend out money and that credit is deposited back into the banking system. Statement 2 correctly states that secondary deposits arise because of credit provided by commercial banks. Hence, the correct option is (b).
- A. Firms → Household; Goods and Services / Household → Firms; Factor payments
- B. Firms → Household; Factor services / Household → Firms; Goods and Services
- C. Firms → Household; Goods and Services / Household → Firms; Consumption Expenditure
- D. Firms → Household; Goods and Services / Household → Firms; Factor payments
The difference between National Income at market price and National Income at factor cost is net indirect taxes. This is because market price includes indirect taxes and excludes subsidies, while factor cost is income earned by factors of production before such taxes and subsidies. Hence, NI at market price = NI at factor cost + net indirect taxes.
- A. net indirect taxes
- B. net factor income from abroad
- C. consumption of fixed capital
- D. market price
National Income at market price differs from National Income at factor cost by net indirect taxes. Market price includes indirect taxes and excludes subsidies, whereas factor cost measures income to factors of production. Therefore, the correct answer is net indirect taxes.
- A. Firms Household
- B. Firms Household
- C. Firms Household
- D. Firms Household
The only real flow is the flow of goods and services between firms and households. Real flow refers to the physical movement of goods and services and factor services in the economy, while money flow is the flow of income/expenditure. In the simple two-sector model, the real flow is from firms to households in the form of goods and services, and from households to firms in the form of factor services. So the option showing only the real flow is correct.
- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
Both statements are true. Borrowings by a nation from the World Bank to finance a Balance of Payments deficit are recorded in the capital account because they are international financial transactions involving capital inflow. Also, autonomous transactions are those transactions that are independent of the state of the Balance of Payments account; they are undertaken for their own sake and are not caused by BOP surplus or deficit. Hence, both statements are correct.
- A. Issue of currency
- B. Banker to the public
- C. Banker to the Government
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Log in to view solution →- A. S = () 60 + 0·25 Y
- B. S = () 60 + 0·75 Y
- C. S = () 60 + 0·20 Y
- D. S = () 60 + 0·60 Y
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Log in to view solution →- A. 0·09
- B. 10·0
- C. 0·9
- D. 9·0
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Log in to view solution →- A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
- B. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
- C. Assertion (A) is true and Reason (R) is false.
- D. Assertion (A) is false and Reason (R) is true.
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Log in to view solution →- A. MPC + MPS = 0
- B. MPC + MPS = 1
- C. MPC + MPS > 1
- D. MPC + MPS < 1
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Log in to view solution →- A. Full employment
- B. Involuntary unemployment
- C. Voluntary unemployment
- D. Disguised unemployment
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Log in to view solution →- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
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Log in to view solution →- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
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Log in to view solution →- A. Import substitution was the strategy used to save foreign exchange.
- B. License policy ensured regional equality.
- C. Russian economic model was the base for the Indian economic system.
- D. Small Scale Industries are one of the essential tools for employment generation.
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Log in to view solution →- A. they generate electricity only for local areas.
- B. they do not change the land use pattern.
- C. they rely on the perennial streams.
- D. (i), (ii) and (iii)
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Log in to view solution →- A. (i), (ii) and (iii)
- B. (ii) and (iii)
- C. (i) only
- D. (i) and (ii)
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Log in to view solution →- A. Widespread industrialisation
- B. New agricultural strategy
- C. Privatisation
- D. Economic reforms
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Log in to view solution →- A. European Union
- B. BRICS
- C. G20
- D. SAARC
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Log in to view solution →- A. human capital formation
- B. efficient utilisation of inputs
- C. increase in GDP growth
- D. inadequate spread of vocational education
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Log in to view solution →- A. Commune System
- B. Great Leap Forward
- C. Open Door Policy
- D. Great Proletarian Cultural Revolution
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Log in to view solution →- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
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Log in to view solution →- A. self-employed
- B. casual
- C. regular
- D. hired
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Log in to view solution →- A. self-employed
- B. casual
- C. regular
- D. hired
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Log in to view solution →- A. diversification of crops
- B. diversification of agricultural production
- C. diversification in se
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Log in to view solution →- A. Labour refuses to migrate
- B. Labour is very expensive
- C. Growth rate is low
- D. Growth is due to technological development
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Log in to view solution →According to NITI Aayog, India has a technological advantage to facilitate digital banks. There is a need for creating a regulatory framework for promoting this. NITI Aayog in its report, A Proposal for Licensing and Regulatory Regime for Digital Banks, has presented a roadmap for the country’s digital banking licensing and regulatory system. India’s public digital infrastructure, especially Unified Payments Interface (UPI), has successfully faced this challenge. With Aadhaar, India is at the cusp of operationalizing its own open banking framework. This demonstrates that India has the technology stock to fully facilitate digital banks. Digital banking allows a user to set up automatic payments for regular utility bills. Digital banking enables fund transfers to reduce the risk of counterfeit currency. By promoting a cashless society, digital banking restricts the circulation of black money.
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