National Income — Economics STD 12 — Question

(i) Keynesian theory is – Aggregate demand – Aggregate supply approach. Saving – Investment approach.
(ii) This approach explained the determination level of Income and employment.

(i) Income Method estimates National Income from the production side.
(ii) The value added method is also known as output method.

Which of the following is not correctly matched:

Assertion (A): Vehicles smoke happens to release high amounts of carbon monoxide.
Reason (R): Chemicals like carbon-di-oxide are released during the burning process.

(i) Business men operates the current account deposits.
(ii) State Bank organization established EXIM Bank

Statistical data and techniques are immensely useful in solving many …………………………. problems.

(i) Leakages of multiplier is payment only.
(ii) Leakages of multiplier limitation is called full employment situation.

Match the following :
A. Falling prices – (i) Black money
B. Government securities – (ii) Business loss
C. Bank rate – (iii) Open Market operation
D. Unaccounted money – (iv) Credit control

Open Market operations enable the ………………………… to reduce the money supply in the economy.

In a ………………….. Economy there is no central co – ordinator.