National Income Accounting — Economics STD 12 Humanities & Commerce — Question

To control deflation the central bank should increase the bank rate. (True/ False)

Giving reason, state whether the following statements are true or false.
Use of raw material is a consumption good.

Giving reasons, state whether the following statements are true or false.
Sale of securities in the open market by the commercial banks reduces their crediting power.

Equilibrium below full employment level does not lead to fall in output level. (True/ False)

Giving reasons, state whether the following statements are true or false.
Measurement of national income at current prices provides a reliable base of comparison.

Balance of trade is the difference between export of services and import of services of a country. (True/ False)

Giving reason, state whether the following statement are true or false.
Borrowing by government from World Bank to finance the BOP deficit will be recorded in the capital account.

In Keynes theory, MPC fall with an increase in income.

Are the following statements true or false? Give reasons.
Service tax is a indirect tax as its impact and incidence is on the same individual.

Giving reasons, state whether the following statements are true or false.
Exports are a part of net factor income from abroad.