Government Budget and Economy — Economics STD 12 Commerce — Question

Foreign embassies in India are a part of India's:

Apart from currency notes and coins, the balance in ________, held by the public in commercial banks is also considered money since the amount in these accounts can be used to settle transactions. Such deposits are called demand deposits because they are payable by the bank on demand from the account-holder.

Which of the following international agency manage foreign exchange rate system in the world?

Suppose in a hypothetical economy, the income rises from ₹ 5,000 crores to ₹ 6,000 crores. As a result, the consumption expenditure rises from ₹ 4,000 crores to ₹ 4,600 crores. Marginal propensity to consume in such a case would be ________.

Unforseen obsolescence of fixed capital assets during production is:

Statement I: Since it is difficult to record all international economic transactions accurately, therefore we have a third element of BoP (apart from the current and capital accounts) called errors and omissions which reflects this.
Statement II: Any international transaction which results in outflow of foreign exchange is recorded on the credit side in the balance of payments accounts (the current account or capital account).

Generally, the value of currency of a country is expressed in terms of___________.