Match the correct codes

1	Y = C + I	i	Don’t exist
2.	Y = C + I + G	ii	Two Sector
3.	Y = C + I + G + (X – M)	iii	Three Sector
4.	Y = C	iv	Four Sector

(a)

(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)

(b)

(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)

(c)

(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)

(d)

(1) – (i) (2) – (ii) (3) – (iii) (4) – (iv)

Great care is required to calculate ____________.

(a)

Capital Gains

(b)

Social Accounting

(c)

Double Counting

(d)

Statistical Problems

Based on Keynesianism __________ is vice.

(a)

Saving

(b)

Production

(c)

Consumption

(d)

None of these

The simple accelerated model was made by J.M. Clark in __________

(a)

1915

(b)

1916

(c)

1917

(d)

1910

Assertion: The progressive tax system increases the propensity to consume of the people by altering the income distribution in favour of poor.
Reason: When government reduces the tax the disposable income rises and the propensity to consume of community increases.

(a)

Both A and R are true and R is the correct explanation of A

(b)

Both A and R are true but R is not the correct explanation of A

(c)

A is true but R is false

(d)

A is false but R is true

After a period of depression ______ sets in.

(a)

recovery

(b)

prosperity

(c)

boom

(d)

trough

_____ is generally understood as an institution which provides fundamental financial services such as accepting deposits and lending loans.

(a)

A Central Bank

(b)

A bank

(c)

An agency finance

(d)

Finance company

______ have only an internet presence, which enables them to lower costs than traditional brick-and-mortar banks

(a)

indirect banks

(b)

development bank

(c)

cooperative bank

(d)

direct banks

Find the meaning of following statement. “Import duties levied on goods from outside the country, ultimately paid for by consumers and retailers”

(a)

Sales Tax

(b)

Custom Duty

(c)

Gift Tax

(d)

GST

The law of conservation of matter and energy, emphasizes that in any production system “what goes in must come out”. Name the Law:

(a)

The second law of thermodynamics

(b)

The third law of thermodynamics

(c)

The first law of thermodynamics

(d)

none of the above