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Study material

Uploaded by

Arman Chhag
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
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UNIT TEST – I

Short Answer Type – I (2X4=8)


Q. 1 Define the following:

(a) Money

(b) Money Supply

(c) Demand Deposit

Q. 2 Differen ate between Margin Open Market Opera ons.

Q. 3 Giving reasons, classify the following into revenue receipts and capital receipts:

(i) Recovery of loans

(ii) Profits of public sector undertakings

(iii) Borrowings.

Q. 4 Which types of expenditure is payment of salaries to government employees and why?

Short Answer Type – I (3X6=18)

Short Answer Type - II

Q. 1 State the meaning and components of money supply.

Q. 2 Explain the 'Standard of Deferred Payment' func on of money.

Q. 3 Elaborate the 'Banker's Bank and Supervisor' func on performed by the Reserven Bank of India.

OR

Explain the func on of central bank as 'Banker's Bank and Supervisor.

OR

Explain the 'bankers' bank func on of the central bank.


Q. 4 The process of credit crea on by commercial banks comes to an end when the total of required
reserves become equal to the ini al deposits."

With the help of a numerical example, prove that the given statement is true.

OR

Explain the process of credit crea on by Commercial Banks.

OR

Explain money crea on func on of Commercial Banks.

Q. 5 With suitable examples dis nguish between Direct taxes an Indirect taxes.

Q. 6 "The Government Budget of a country cannot have fiscal deficit without the existence of
revenue deficit. Defend or refute the given statement.

Long Answer Type Ques ons – (5X3=15)

Q. 1 Describe any two methods by which Reserve Bank of India can regulate money supply.

Q. 2 A) On the basis of the given informa on, calculate the value of:

i) Fiscal Deficit

ii) Primary Deficit

B) State any two features of public goods.

Q. 3 A) Explain the economic stability objec ve of Government Budget

B) 'Under the Ayushmaan Bharat Scheme, the Government provides free medicines to the
economically backward sec on of the society'. Iden fy and discuss the nature of government
expenditure indicated in the given statement.

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