Q16 of 36 Page 1

Demand deposits include (Choose the correct alternative)

Reason – The saving and current account deposits are demand deposits because they are not in banks for a predetermined period of time; the customer can withdraw these amounts as and when required.

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15

Distinguish between perfect oligopoly and imperfect oligopoly. Also explain the ‘‘interdependence between the firms’’ feature of oligopoly.

 15

Explain the meaning of excess demand and excess supply with the help of a schedule. Explain their effect on equilibrium price.

 17

Define marginal propensity to consume.

 18

If the marginal propensity to consume is greater than marginal propensity to save, the value of the multiplier will be (Choose the correct alternative)