Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

India has been suffering from the problem of fiscal deficit for the last many years. Mention any two steps.

Will the following items be included or not in National Income of India? Give reason for your answer.
Profits earned by an Indian bank from its branches abroad.

Define flows.

Name the angles of looking at the national income of a country.

Categorize the following items into Revenue and Capital Receipts.
Statement-Grants received from International Monetary Fund.

Define capital formation or investment.

Define the concept of C-C economy.

Draw a diagram showing deflationary gap.

There is no equivalent cash to the amount of demand deposits with the banks even then why should the demand deposits be taken as a part of money supply?

State any one objective of government budget.