Money and Banking — Economics STD 12 Humanities & Commerce — Question

Distinguish between a factor payment and a transfer payment.

What is macroeconomics?OR
Define macroeconomics.

What is disinvestment? Does it refer to revenue receipts or capital receipts of the government? Give an example.

Calculate Personal Income from the following data:

		(Rs. crores)
1	Undistributed profits of corporations.	20
2	Net domestic product accruing to the private sector.	500
3	Corporation tax.	55
4	Net factor income from abroad.	- 10
5	Net current transfers from government.	15
6	National debt interest.	40
7	Net current transfers from the rest of the world.	15

Give meaning of involuntary unemployment.

Explain four sources of supply of foreign exchange.

An economy is in equilibrium. Find autonomous consumption expenditure:

What precautions are necessary while using income method of measuring National Income?

Would the Central Bank need to intervene in managed floating system? Explain why?

Net National Product at Factor Cost of a particular country in a year is Rs. 1,900 crores. There are no interest payments made by the households to the firms/ government, or by the firms/ government to the households. The Personal Disposable Income of the households is Rs. 1,200 crores. The personal income taxes paid by them is Rs. 600 crores and the value of retained earnings of the firms and government is valued at Rs. 200 crores. What is the value of transfer payments made by the government and firms to the households?