Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

___________ Income and Expenditure are the three phases of national income.

Goods which are purchased or self-produced by the consumer for his satisfaction are known as_________.

Fill in the blank with the suitable definition.
Effective demand is defined as ________.

If the value of average propensity to consume is given as 0.75, the value of average propensity to save would be ________.

Central Bank acts as an adviser, banker and _______ for the government.

________ is equal to fiscal deficit less interest payment.

In India, the Constitution requires the Central Government to prepare 'Annual Financial Statement', i.e. government budget for the country as a whole. In India, ________ department of government prepares annual budget statement.

1. RBI.
2. income tax.
3. accounts.
4. finance.

Recovery of loans, borrowing and disinvestment etc. are the example of _______ receipts.

In case of excess demand, central bank should _______ the bank rate.

_______ includes net receipt obtain from the sale of share in public sector undertakings.