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

Define GDP at Market Price.

In a government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. How much is the fiscal deficit?

Define government budget.

Define the term ‘tax’.

Money has solved the problem of store of value under barter system. How?

What is the difference between the values of exports of goods and imports of goods called.

Is money a commodity?

What is meant by revenue deficit?

Why is India's demonetisation unprecedented in international economic history?

Will the following items be included or not in National Income of India? Give reason for your answer.
Indirect taxes like sales tax, excise duty etc.