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Macroeconomics Quiz

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Questions and Answers

What is the objective of the Government's budget in terms of income distribution?

Managing general price level

Controlling production of goods and services

Increasing GDP

Rationalizing taxes in pro-poor direction (correct)

What does the Balance of Payments record for an economy?

Inflow and outflow of loans to/from the rest of the world

Income and expenditure of the government

Inflow and outflow of funds of the government

Inflow and outflow of foreign exchange to/from the economy (correct)

Which bank does not interact directly with the general public?

Reserve Bank of India (correct)

Bank of India

State Bank of India

Central Bank of India

Which of the following is not an example of 'invisible item' under Current Account of the Balance of Payments transactions?

<p>Merchandise linked transactions</p> Signup and view all the answers

Which statement is true about demonetization in India?

<p>Statement 1 is true and Statement 2 is false</p> Signup and view all the answers

Macroeconomics Quiz

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Questions and Answers

What is the objective of the Government's budget in terms of income distribution?

What does the Balance of Payments record for an economy?

Which bank does not interact directly with the general public?

Which of the following is not an example of 'invisible item' under Current Account of the Balance of Payments transactions?

Which statement is true about demonetization in India?

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