Fiscal Economics — Economics STD 12 — Question

To prepare a systematic study of birth and death related data is called ………………………….

(i) “Supply creates its own Demand”.
(ii) The aggregate demand and aggregate supply reach equilibrium at point ‘E’.

Find the odd one out : UDC characteristics are

The tendency to initiate Superior consumption pattern is called ……………………

“Money is what money does” ………………………… this definition was given by –

(i) Public revenue occupies an important place in the study of public finance.
(ii) Public finance is concerned with the Income and expenditure of public authorities.

Which includes profits earned from Capital Invested abroad?

The branch of statistics concerned with using sample data is called ……………………… statistics.

The commercial banks only deal in foreign exchange under the directions of the …………………………

Assertion (A): David Ricardo was formulated as an explicit and precise theory.
Reason (R): David Ricardo developed the theory of absolute cost advantage.