Author: Study Clue

Agriculture plays a crucial role in the Indian economy because it A Employs the largest share of workforce B Contributes

The Indian economy is best described as a A Capitalist economy B Socialist economy C Mixed economy D Closed economy

Fiscal policy refers to the use of A Monetary tools by RBI B Government expenditure and taxation C Banking regulations

Fiscal deficit refers to the excess of A Revenue expenditure over revenue receipts B Total expenditure over total receipts excluding

Revenue expenditure refers to government expenditure which A Creates assets B Reduces liabilities C Is recurring in nature D Is

A government budget is best defined as A A statement of assets and liabilities B An annual financial statement of

The accelerator principle explains the relationship between A Income and consumption B Investment and consumption C Investment and changes in

The consumption function shows the relationship between A Consumption and saving B Consumption and income C Saving and income D

Effective demand in Keynesian theory refers to A Desire backed by purchasing power B Total demand for goods C Demand

According to the classical economists, full employment is achieved when A Aggregate demand equals aggregate supply B All willing workers