11. ‘Domestic services (Household services) performed …

11. ‘Domestic services (Household services) performed by a woman are not considered as an economic activity. ’ Defend or refute the given statement with valid reason. 3 12. Calculate Net Value Added at Factor Cost (NVAFC) from the following data : S. No. Particulars Amount (in ` crores) (i) Value of Output 800 (ii) Intermediate Consumption 200 (iii) Indirect taxes 30 (iv) Depreciation 20 (v) Subsidies 50 (vi) Purchase of machinery 50 3 OR State the three components of Income from Property and Entrepreneurship. 3 13. Elaborate the objective of ‘allocation of resources’ in the Government Budget. 4 14. Define effective demand. Discuss how, effective demand can be restored, if ex-ante Aggregate Demand (AD) is more than ex-ante Aggregate Supply (AS). 1 + 3 15. Explain the function of Central Bank as ‘Banker, Agent and Advisor’ of the Government. 4 OR Elaborate, how does a Central Bank stabilize money supply through ‘Bank Rate’. 4 16. State, giving valid reasons whether the following statements are true or false : (i) Trade deficit is always a great cause of worry for an economy. (ii) Depreciation of currency has same effect on exports as devaluation of currency. (iii) ‘Indians investing in assets abroad’ will be recorded under debit side of capital account in Balance of Payments.

What is receipt?

Industrial licensing was used to promote regional equality. Discuss

What is deficit ?

Economics project on function of RBI

Economic Reforms Since 1991 notes

Trends in credit availability

Is inclusive growth Achievable for a developing country like India when exposed to the process of privatisation and globalization

why should the aggregate final expenditure of an economy be equal to the aggregate factor payment

Explain the limitation of GDP as wellfare

Two types of marke diagram and explanation