Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

In a government budget, revenue deficit is Rs. 50,000 crores and borrowings are Rs. 75,000 crores. How much is the fiscal deficit?

What is selective credit control?

India has been suffering from the problem of fiscal deficit for the last many years. Mention any two steps.

Give one example of “externality” which reduces welfare of the people.

If compensation of employees in a firm constitutes 65% of net value added at factor cost of a firm, find the proportion of operating surplus.

Distinguish between current account and capital account of balance of payments account.

 What is meant by digital payments?

Will the following items be included or not in National Income of India? Give reason for your answer.
Income of Actors, singers and dancers.

What does zero primary deficit mean?

Categorize the following items into Revenue and Capital Expenditure.
Statement- Expenditure on construction of Metro.