Indian Economy

31. Devaluation of currency will be more beneficial if A. prices of domestic goods remain constant B. prices of exports remain constant C. prices of imports remains constant D. prices of exports rise proportionately

prices of domestic goods remain constant
prices of exports remain constant
prices of imports remains constant
prices of exports rise proportionately

Detailed SolutionDevaluation of currency will be more beneficial if A. prices of domestic goods remain constant B. prices of exports remain constant C. prices of imports remains constant D. prices of exports rise proportionately

32. The current price index (base 1960) is nearly 330. This means that A. all items cost 3-3 times more than what they did in 1960 B. the prices of certain selected items have gone up to 3-3 times C. weighted means of prices of certain item has increased 3-3 times D. gold price has gone up 3-3 times

all items cost 3-3 times more than what they did in 1960
the prices of certain selected items have gone up to 3-3 times
weighted means of prices of certain item has increased 3-3 times
gold price has gone up 3-3 times

Detailed SolutionThe current price index (base 1960) is nearly 330. This means that A. all items cost 3-3 times more than what they did in 1960 B. the prices of certain selected items have gone up to 3-3 times C. weighted means of prices of certain item has increased 3-3 times D. gold price has gone up 3-3 times

34. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be A. zero B. equal to government income C. larger than government income D. negative

zero
equal to government income
larger than government income
negative

Detailed SolutionIf an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be A. zero B. equal to government income C. larger than government income D. negative

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