The difference between a nation’s savings and its investment. The current account is an important indicator about an economy’s health. It is defined as the sum of the balance of trade (goods and services exports less imports), net income from abroad and net current transfers.
Q2. The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________function.
किसी वस्तु की मात्र के लिए उपभोक्ता का इष्टतम चयन तथा उसकी कीमत में सम्बन्ध अत्यंत महत्वपूर्ण हैं तथा यह सम्बन्ध ________ फलन कहलाता है |
Demand is the consumer’s need or desire to own the product or experience the service. It’s constrained by the willingness and ability of the consumer to pay for the good or service at the price offered.Demand is the underlying force that drives everything in the economy.
Q3. In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.
________में आपातकालीन संतुलन के परिणामस्वरूप पूर्ण प्रतिस्पर्धा की तुलना में उत्पादन की मात्र कम होती है |
The average product curve is one of three related curves used in the analysis of the short-run production of a firm. The other two are total product curve and marginal product curve. The average product curve illustrates how average product is related to a variable input. Its shape is like an inverted U.
Q5. Which among the following is not an account under Balance of Payment?
निम्नलिखित में से कौन सा भुगतान संतुलन के अंतर्गत एक खाता नहीं हैं?
(a)Current Account / चालू खाता
(b)Capital Account / पूंजीगत खाता
(c)Official Reserves Account / आधिकारिक आरक्षित खाता
The Official Reserve Account. The official reserve account, a subdivision of the capital account, is the foreign currency and securities held by the government, usually by its central bank, and is used to balance the payments from year to year.
Globalisation is the process by which businesses or other organizations develop international influence or start operating on an international scale.
Privatization refers to the act of transferring ownership of specified property or business operations from a government organization to a privately owned entity, as well as the transition of ownership from a publicly traded, or owned, company to a privately owned company.
Liberalisation of the economy means to free it from direct or physical controls imposed by the government.
Q7. In which market form, a market or industry is dominated by a few firms?
किस प्रकार की बाज़ार व्यवस्था में, बाज़ार अथवा उद्योग पर कुछ ही विक्रेताओं का वर्चस्व होता है?
Monetary policy is the process by which monetary authority of a country , generally central bank controls the supply of money in the economy by its control over interest rates in order to maintain price stability and achieve high economic growth.
Q9. Which one of the following is not an instrument of credit control in India?
निम्नलिखित में से कौन सा भारत के ऋण नियंत्रक का एक प्रकार नहीं है?
(a) Rationing of credit/ ऋण का राशन
(b) Direct Action/ सीधी कार्यवाही
(c) Open Market operations/ खुले बाजार के कार्यकलाप
(d) Variable cost reserve ratios/ परिवर्तनीय लागत आरक्षित निधि अनुपात
The variable cash reserve ratio is comparatively new method of credit control used by central banks in recent times. In 1935, the U.S.A.’s Federal Reserve System adopted it, for the first time. In countries where the money market is unorganised or underdeveloped, increasing recourse is now taken to this method of credit control.
The variable reserve ratio device springs from the fact that the central bank, in its capacity as Bankers Bank, must hold a part of the cash reserves of commercial banks.
Q10. Which among the following is an example of microeconomic variable?
निम्नलिखित में से कौन सा सूक्ष्म आर्थिक चर का एक उदाहरण है?
The consumer’s effort to maximize total utility, subject to these constraints, is referred to as the consumer’s problem. The solution to the consumer’s problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.