Basic of Economics

A. For examine
B. Foreign exchange
C. Foreign exports
D. None of these

A. Money value of goods and and services produced in a country during a year.
B. Money value of stocks and s of a country during a year.
C. Money value of capital goods produced by a country during a year.
D. None of these

A. Revenue deficit plus the net borrowings of the government
B. Budgetary deficits plus the net borrowings of the government
C. Capital deficit plus revenue deficit
D. Primary deficit minus capital deficit

A. Gross domestic product
B. National income
C. Gross domestic income
D. Gross national income

A. Increase in taxation
B. Increase in savings
C. Increase in govt. spending
D. Decrease in consumption spending

A. NI
B. NNP
C. GNP
D. Consumption

A. A loan from a bank
B. A loan from one’s parents
C. Gifts and donations
D. A broker’s commission

A. The sale of the sub-standard commodity
B. Sale in a foreign market of a commodity at a price below marginal cost
C. Sale in a foreign market of a commodity just at marginal cost without too much of profit
D. Smuggling of goods without paying any customs duty

A. To add up the values of goods and services for one year
B. Add up all savings
C. To count all imports
D. To add up the value of semi-finished goods

A. Budget for a surplus
B. Cut taxes
C. Encourage savings
D. Reduce its expenditure