Q8.B Answer the following in brief: [06] 1. Which economic activities come under primary sector? 2. What is Globalization? 3. Give the examples of co-operative sector.
Answers
Answer:
Goods purchased for the following purpose are final goods: (Choose the correct alternative)
(a) For satisfaction of wants (b) For investment (c) Both (a) and (b) (d) None of the above
2 State whether the given statement is true or false:
"Buying and selling of government securities by the central bank in the open market is called open market operations".
3 The part of Legal Reserves Ratio (LRR) kept by the banks themselves is called……………. (Fill up the blank with correct
answer)
4 ……..is the main source of money supply in an economy. (Choose correct alternative)
(a) Central Bank(b) Commercial Banks (c) Both (a) and (b) (d ) Government
5 Two components of M1 measures of money supply are……………...……. (Fill up the blank with correct answer).
6 …………………..is the interest rate at which the commercial banks can deposit their funds with the Central Bank.
7 State whether the given statement is true or false:
"Repo rate is the interest rate at which commercial banks can deposit their funds with the central bank."
8 When NDP exceeds NNP, net factor income from abroad is…………………
9 At the breakeven point, consumption curve------------ the 45o line.(Fill up the blank with correct answer)
10 The minimum value of multiplier is---------. (Fill up the blank with correct answer)
11 Marginal propensity t consume is……………… (Choose the correct alternatives)
(a) ∆C/∆Y (b) C/Y (c) ∆Y/∆C (d) Y/C
12 State whether the given statements is true or false:
If savings are 2000 at the income level of 10000 then APS will be equal to 0.2.
13 The value of deposit multiplier is equal to ………………….. (Choose the correct alternative)
(a) 1/CRR (b) 1/SLR (c) 1/LRR (d) 1/CDR
14 Fines collected by the Government under the Motor vehicle Act is a ……………. Receipt in the government budget. (Fill up
the blank with correct answer)
15 Which deficit equal s excess of total Revenue Expenditure over Total Revenue receipt?
16 Which deficit is a measure of the borrowing requirement of the country?
17 The exchange rate determined by the free play of the forces of demand and supply of foreign exchange is called………..
(Fill in the blanks with correct answer)
18 From the Set of statements given in column I column II, choose the correct pair of statements:
Column I Column II
(a) Expenditure on collection of taxes (I) Capital Exp.
(b) Expenditure on scholarships (ii) Revenue Exp
(c) Expenditure on purchasing computers (iii) Revenue Expenditure
(d) Expenditure on building a bridge (iv) Revenue Expenditure
19 ……………………is revenue expenditure. (Choose the correct alternative)
(a) Purchase of shares (b) subsidy (c) Loans advanced (d) Expenditure on acquisition of land
Answer:
This includes agriculture, forestry and fishing, mining, and extraction of oil and gas.
Globalization is growth on a worldwide scale. It is the process of integration and international influence of economies and cultures. In the examples of globalization below, you'll see that it's not only an exchange of goods, but also an exchange of ideas and even anti-terrorist protections.
Examples — the sugar industry in Maharashtra, the coin industry in Kerala. Anand Milk Union Limited and Sudha Dairy are two examples of the cooperative sector industry.