Money and Banking — Economics STD 12 Commerce — Question

Giving reasons, state whether the following statements are true or false.
Net capital gains from the sale of property is a part of domestic factor income.

When total expenditure = 55,250, total receipts = 46,400, revenue receipts = 8,200 and borrowings = 9,000, then fiscal deficit = 650. (True/ False)

Giving reasons, state whether the following statements are true or false.
Money supply does not include money held by government and banking system.

Commercial banks are the principal suppliers of money in India. (True/ False)

Giving reasons, state whether the following statements are true or false.
M includes time deposits of commercial banks.

Money is what money does. (True/ False)

Giving reasons, state whether the following statements are true or false.
Gross investment can be equal to net investment.

Giving reason, state whether the following statements are true or false.
Cirular flow of income takes place in case of open economy and close economy.

Current account is a part of balance of trade. (True/ False)

Giving reason, state whether the following statements are true or false.
Foreign remittances are a stock concept.