Consumption and Investment Functions — Economics STD 12 — Question

The GATT was transformed into …………………….

Dynamic multiplier is also known as ………………………. Multiplier.

………………………… Bank regulates the credit and currency according to the economic situation of the country.

…………………………. may be considered as the integration of economics, statistics and mathematics.

(i) Statistical data and techniques are immensely useful in solving many economic problems.
(ii) Fluctuation in Inflation, Deflation.

Match the following :
A. Transfer of funds – (i) Buying and selling
B. Commercial bank – (ii) Clearing
C. Open market operation – (iii) Interest not given
D. Demand deposits – (iv) Profit making

Assertion (A): Sewage, garbage and liquid waste of households, agriculture runoff and effluents from factories are discharged into lakes and rivers.
Reason (R): These wastes contain useful chemicals and toxins.

Assertion (A): Credit creation leads to increase in production.
Reason (R): Credit creation means the multiplication of loans and advances.

Classical theory was developed by –

Vehicles smoke happens to release high amounts of ……………………..