Advertisements
Advertisements
प्रश्न
Other things remaining unchanged, when in a country the price of foreign currency rises, national income is: (choose the correct alternative)
a. Likely to rise
b. Likely to fall
c. Likely to rise and fall both
d. Not affected
उत्तर
Likely to rise
Currency depreciation takes place when there is an increase in the price of a foreign currency in terms of the domestic currency. Here, more rupees are required to buy one dollar, i.e. the value of domestic currency becomes less valuable in relation to a foreign currency. So, the quantum of imports will reduce and the exports will increase, and thereby, it leads to an increase in national income.
APPEARS IN
संबंधित प्रश्न
With the increase in income, both consumption and savings increase.
Explain the various methods of measuring national income.
Explain the impact of rise in exchange rate on national income.
How should the following be treated in estimating the national income of a country? You must give a reason for your answer.
Taking care of aged parents
How should the following be treated while estimating national income? You must give the reason in support of your answer.
Addition to stocks during a year
Write explanatory answer:
Explain the output method of measuring national income.
Answer in brief.
Give different definitions of National Income.
Answer the following question:
Explain the concept of Gross domestic product at market prices.
Answer in detail:
Explain the Output method of measuring National income.
Distinguish between:
Gross national product and Gross domestic product.
Answer the following question.
Define the problem of double counting in the computation of national income. State any two approaches to correct the problem of double counting.
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______.
Write a short note on per capita income.
Explain the meaning of non-market activities.
GNP at MP = ____________.
Which of the following items are excluded from GNP measurement?
