Advertisements
Advertisements
प्रश्न
Explain the impact of rise in exchange rate on national income.
उत्तर
Impact of rise in exchange rate on National income
Foreign exchange rate refers to the rate at which one currency is exchanged for the other. If the exchange rate rises from $1 = Rs 45 to $1 = Rs 60, the Indian rupee is said to be depreciated. It implies that there is fall in the value of domestic currency against foreign currency. Depreciation implies that domestic goods become cheaper in terms of foreign currency and hence the demand for exports increases.
As export increases, there will be increase in employment growth, aggregate demand which causes higher economic growth. This results in bigger share of national income.
APPEARS IN
संबंधित प्रश्न
Giving reason explain how should the following be treated in the estimation of national income:
Expenditure by a firm on payment of fees to a chartered accountant
Calculate 'Marginal Propensity to Consume' from the following data about an economy which is in equilibrium:
National income = 800
Autonomous consumption expenditure = 100
Investment expenditure = 100
Explain national income determination through the two alternative approaches. Use Diagram.
Give reasons or Explain the following statements
Services of housewives are excluded from national income.
Define or explain the following concept.
Induced Consumption expenditure.
Write Explanatory answer. (Any Two )
What is national income. Explain how national income is mesured by output method
Answer the following question:
What is double counting of national income?
Answer the following question:
Explain the income method of measuring national income.
State with reason whether you agree or disagree with the following statement:
Gross National product and Gross Domestic product are same concepts.
Distinguish between:
Gross National Product and Net National Product
Write short note on:
Personal disposable income
Give reason or explain the following statement:
Old age pension is transfer income.
State whether the following statement is true or false.
Inclusion of value of intermediate goods leads to double counting.
State whether the following statement is true or false.
Financial year in India is leap year.
State whether the following statement is true or false.
Services of housewives are included in national income.
PASSAGE
Corona has slowed down the economy Lockdown imposed to contain the spread of Corona virus had resulted in closure of manufacturing and business activities. During this financial year, the economy is expected to move towards a contractionary phase rather than expansionary phase. This has been stated in the budget. This is the first paperless budget in the history of India. At the same time, it is the third post-independence budget to be presented at a time when the economy is shrinking. The budget shows a fiscal deficit of more than 5%.
The Union Finance Minister has presented a budget that seeks to accelerate the economy by balancing the impact of Corona on the economy on one hand and growing expectations of all sectors on the other. A significant increase in the allocation for Healthcare by 137% is a feature of this budget. In this budget, the expected revenue for the year 212-2022 is Rs. 34,35, 000crore and the expected expenditure is Rs. 35,83, 000 crore.
Attempts have been made to boost infrastructure, education, agricultural production, employment generation and industry, but the Income tax status quo has remained the same. The budget provides Rs.16.5 lakh crore for agricultural credit, Rs. 223,000 crore for health facilities, Rs. 3 lakh crore for Power Distribution Scheme, Rs. 15,700 crore for Small and Medium Enterprises and Rs. 20,000 crore for Government Bank Capital.
- What is the percentage increase in the provision for Healthcare? (1 mark)
- Mention the sectors that have been promoted in this budget. (1 mark)
- Express your personal opinion based on the above information regarding the budget ( 2 marks)
The average income of the country is______.
Define GDP deflator.
GNP at MP = ____________.
Which of the following is not a component of domestic income?
