Static Quiz 18 March 2023 (Financial system)
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Static Quiz 18 March 2023 (Financial system)
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Query 1 of 5
On the subject of the forms of Items, which among the many following assertion is wrong?
RightCapital Items:
A specific good might be capital in nature provided that it possesses the next three traits:
(i) It’s a produced sturdy output of a man-made course of
(ii) It once more acts as an enter for additional manufacturing course of (to be offered out there)
(iii) Whereas appearing as an enter, it doesn’t get remodeled or consumedConsumption and Capital items: A specific good may be consumption in addition to capital good. For instance washer. When an individual is utilizing washer at his dwelling for laundry of his personal garments then it is going to act as consumption good. However, if the identical washer is bought by a businessman for offering laundry companies then it’s appearing as a capital good.
Intermediate and Last good: A specific good may be last in addition to intermediate. For instance, “tea leaves”. When an individual is buying the “tea leaves” for his dwelling consumption objective then the “tea leaves” might be a last good. However when a tea vendor is buying the “tea leaves” to arrange “tea” and promote it out there then “tea leaves” is intermediate good and the “tea” is the ultimate good.
IncorrectCapital Items:
A specific good might be capital in nature provided that it possesses the next three traits:
(i) It’s a produced sturdy output of a man-made course of
(ii) It once more acts as an enter for additional manufacturing course of (to be offered out there)
(iii) Whereas appearing as an enter, it doesn’t get remodeled or consumedConsumption and Capital items: A specific good may be consumption in addition to capital good. For instance washer. When an individual is utilizing washer at his dwelling for laundry of his personal garments then it is going to act as consumption good. However, if the identical washer is bought by a businessman for offering laundry companies then it’s appearing as a capital good.
Intermediate and Last good: A specific good may be last in addition to intermediate. For instance, “tea leaves”. When an individual is buying the “tea leaves” for his dwelling consumption objective then the “tea leaves” might be a last good. However when a tea vendor is buying the “tea leaves” to arrange “tea” and promote it out there then “tea leaves” is intermediate good and the “tea” is the ultimate good.
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Query 2 of 5
Think about the next statements concerning the Issue earnings:
1) It’s the earnings earned by the elements of manufacturing
2) It additionally consists of the switch incomes/funds.
3) The Nationwide earnings consists of solely the issue incomes.
Which of the above statements is/are appropriate?RightIssue earnings is principally the earnings earned by the 4 elements of manufacturing i.e. revenue, lease, curiosity and wages but it surely doesn’t embody the switch incomes/funds.
A non-factor or a switch earnings is the earnings with none good or service supplied in return. Nationwide earnings consists of solely the issue incomes.
IncorrectIssue earnings is principally the earnings earned by the 4 elements of manufacturing i.e. revenue, lease, curiosity and wages but it surely doesn’t embody the switch incomes/funds.
A non-factor or a switch earnings is the earnings with none good or service supplied in return. Nationwide earnings consists of solely the issue incomes.
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Query 3 of 5
Think about the next statements concerning the Capital Output Ratio:
1) The ratio is especially computed to measure the productiveness of capital.
2) Greater the capital/output ratio, it’s good for economic system.
Which of the next statements is/are appropriate?RightThe inverse of “productiveness of capital” is Capital/Output ratio.
Capital output ratio is the ratio of capital to output. It measures how a lot of capital is required per unit of output. So, if extra capital is required per unit of output, then the capital is much less environment friendly. Therefore, it additionally measures (common) effectivity of capital (however it’s inverse).Capital Output Ratio = Capital /Output
Greater the capital/output ratio, it’s unhealthy for economic system. If Capital/Output ratio is 3/1, which means Rs. 1 unit of output is produced from Rs. 3 items of capital. And if Capital/Output ratio is 4/1, which means to provide Rs. 1 unit of output, Rs. 4 items of capital is required. So, 3/1 is healthier than 4/1 for the economic system.
We measured capital/output ratio as a result of we aren’t fascinated with measuring the productiveness of capital moderately we wish to know that in India how a lot (common) capital is required to produces one unit (Rupee one) of output/GDPIncorrectThe inverse of “productiveness of capital” is Capital/Output ratio.
Capital output ratio is the ratio of capital to output. It measures how a lot of capital is required per unit of output. So, if extra capital is required per unit of output, then the capital is much less environment friendly. Therefore, it additionally measures (common) effectivity of capital (however it’s inverse).Capital Output Ratio = Capital /Output
Greater the capital/output ratio, it’s unhealthy for economic system. If Capital/Output ratio is 3/1, which means Rs. 1 unit of output is produced from Rs. 3 items of capital. And if Capital/Output ratio is 4/1, which means to provide Rs. 1 unit of output, Rs. 4 items of capital is required. So, 3/1 is healthier than 4/1 for the economic system.
We measured capital/output ratio as a result of we aren’t fascinated with measuring the productiveness of capital moderately we wish to know that in India how a lot (common) capital is required to produces one unit (Rupee one) of output/GDP -
Query 4 of 5
The World Financial Outlook classifies the world into Superior and Rising market and creating economies. The classification is predicated on which of the next parameters?
1) Per capita earnings (utilizing PPP trade fee)
2) Export diversification
3) Diploma of integration into the worldwide monetary system
Choose the right reply utilizing the code given under.RightThe World Financial Outlook (WEO, IMF) classifies the world into two main teams:
• Superior economies
• Rising market and creating economiesThis above classification is predicated on three parameters:
1. Per capita earnings (utilizing PPP trade fee)
2. Export diversification
3. Diploma of integration into the worldwide monetary systemIncorrectThe World Financial Outlook (WEO, IMF) classifies the world into two main teams:
• Superior economies
• Rising market and creating economiesThis above classification is predicated on three parameters:
1. Per capita earnings (utilizing PPP trade fee)
2. Export diversification
3. Diploma of integration into the worldwide monetary system -
Query 5 of 5
Think about the next statements:
1) The CPI doesn’t embody the inflation in companies, whereas WPI and GDP deflator seize inflation in companies additionally.
2) CPI and WPI embody costs of products produced domestically and imported each however GDP deflator doesn’t embody costs of imported items.
Which of the next statements is/are appropriate?RightThe next are some primary variations in CPI, WPI and GDP deflator:
• In wholesale market companies usually are not traded, so WPI doesn’t embody the inflation in companies, whereas CPI and GDP deflator seize inflation in companies additionally.• The products bought by shoppers within the retail market don’t signify all the products produced within the nation (capital items are bought by the businesses), so CPI doesn’t embody such capital items however GDP deflator takes under consideration of all such items and companies produced within the nation.
• CPI and WPI embody costs of products produced domestically and imported each however GDP deflator doesn’t embody costs of imported items.
• The weights are fixed (within the basket) in CPI and WPI, however they differ in response to manufacturing degree of every good and companies in GDP deflator.
IncorrectThe next are some primary variations in CPI, WPI and GDP deflator:
• In wholesale market companies usually are not traded, so WPI doesn’t embody the inflation in companies, whereas CPI and GDP deflator seize inflation in companies additionally.• The products bought by shoppers within the retail market don’t signify all the products produced within the nation (capital items are bought by the businesses), so CPI doesn’t embody such capital items however GDP deflator takes under consideration of all such items and companies produced within the nation.
• CPI and WPI embody costs of products produced domestically and imported each however GDP deflator doesn’t embody costs of imported items.
• The weights are fixed (within the basket) in CPI and WPI, however they differ in response to manufacturing degree of every good and companies in GDP deflator.