Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

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

Giving reasons, state whenever the following statements are true or false:
Average Product will increase only when Marginal Product increases.

When in order to buy 1 US dollar ₹ 65 are needed instead of ₹ 60 earlier, domestic currency shows appreciation. (True/ False)

Giving reasons, state whether the following statements are true or false.
Change in stock is not a part of Capital formation.

Giving reasons, state whether the following statements are true or false.
If marginal product falls, average product must also fall.

State giving reasons, whether the following statements are true or false:
Total Product will increase only when Marginal Product increases.

Change in quantity demanded is the explanations of law of demand. (True/ False)

Giving reason, state whether the following statement are true or false.
Unilateral transfers received from abroad will be recorded as a credit item of BOP on current account.

Giving reasons, state whether the following statements are true or false:
When the value of average propensity to save is negative, the value of marginal propensity to save will also be negative.

In "maximum price ceiling", the government fixes the price of a commodity lower than the equilibrium price. (True/ False)