Money and Banking — Economics STD 12 Humanities & Commerce — Question

In a government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. How much is the fiscal deficit?

Define money supply.OR
What is money supply?

Mention the indirect taxes subsumed under GST.

What is the equation of consumption function, when autonomous consumption is ₹ 100 and marginal propensity consume is 0.7?

Total receipts and total payments of Balance of Payments statements are always equal. Do you agree?

List two items of the current account of BoPs account.

Will the following items be included or not in National Income of India? Give reason for your answer.
Medical expenses of employees borne by employers.

Economic growth means increasing per capita income over a period of time. Economic growth objective of the government budget depends on:

1. Profit maximisation.
2. Rate of savings and investment.
3. Fair distribution of income.
4. Removal of poverty.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Payment of salaries to staff of government hospitals.

When was GST implemented?