Consider the following statements.

1. Suresh works in NPCIL (govt. owned).
2. Reliance Industries Ltd. (RIL) is owned by Mukesh Ambani.

Select the correct code.

1. Mukesh Ambani belongs to the household sector.
2. Suresh belongs to the government sector.

Select the correct code.

Which of the following is/are the capital goods?

1. A tea kettle purchased by tea seller.
2. A washing machine purchased by household (by person for washing clothes).
3. A Maruti Suzuki car purchased by Ola/UBER.

Select the correct code.

Suppose there is only one factory (capital good) in a country and is producing consumption goods worth Rs. 600 and capital goods worth Rs. 400 in a particular year (say 2022-23) in an economy.

1. GDP in 2022-23 will be Rs.400.
2. Investment in the economy will be Rs. 400.
3. If the country imports capital goods worth Rs. 100 and exports capital goods worth Rs. 50, then gross investment will be Rs 550.

Select the correct code.

Let us consider the following data for a particular good.

        Market Price = 200; Subsidies= 30; Indirect Tax= 20, Then, the factor cost of the product will be:

If the population of the country in any particular year say 2022-23 is P and the GDP is Y. Now, if the population growth of our country is saying 1% (in 2023-24) and GDP growth of the country is say 8% (in 2023-24) then per capita GDP in 2023-24 will be?

Consider the following statements.

1. If our Incremental Capital Output Ratio (ICOR) is 5 and we want economic growth of 8% then we will have to do 32% investment.
2. If ICOR is reduced to 4 with same economic growth, then investment % of GDP will increase.

Which of the above statements is/are correct?

Consider the following statements.

1. If Nominal Exchange rate (NER) of India with respect to dollar increases, export to US will decrease.
2. When currency appreciates in India, it means trade is less competitive with respect to US.

Select the correct code.

The correct representation of Net National Product (NNP) at factor cost will be

The calculation of Nominal GDP will be unaffected by:

1. Inflation levels in the economy
2. Level of employment in the country given constant output
3. Net Factor income from abroad
4. Volume of import of final goods

Select the correct answer using the codes below.

If Mr. Ram has Rs. 20 crores in India and Mr. John have $1 crore in US and whatever Mr. Ram can consume in India with Rs. 20 crores, the same items can be consumed by Mr. John in $ 1 crore in US. If both of them, with their money, met at a place other than India and US then who will be richer?