Author: Study Clue

If a rise in total GDP happens while population rises faster, the most likely outcome is A Per capita rises

India’s economy shows “sectoral shift” when work moves mainly from agriculture to A Only mining work B Forest-only activities C

In India, a “mixed economy” mainly means the economy is guided by A Only private firms B Only government firms

In India’s economic system, public and private sectors both operate significantly A Mixed economy B Only private sector C Only

When the government gives a long-term loan to a state, the outflow is treated as A Capital expenditure B Revenue

While computing fiscal deficit, which receipts are excluded from the financing side because they create liability? A Tax revenue B

If the government pays a contractor for building a bridge, it is classified as A Revenue expenditure B Capital receipt

In most countries, the “budget year” usually refers to A One calendar month B Two-year plan C One financial year

A government budget is best described as A Family income plan B Bank balance sheet C Annual financial statement D

In a simple Keynesian model with proportional tax rate t, the government spending multiplier becomes A 1/(1−c(1−t)) B 1/(1−c+t) C