Q17 of 30 Page 1

Define nominal flow.

the households spend their income by purchasing products from the market. The money reaches to the producing sector. this flow is called as money flow or nominal flow.


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15

State, with valid reasons, which of the following statement are true or false:

a. Average Revenue curve under the Perfect Competition is a downward sloping curve.


b. AFC curve is a rectangular hyperbola curve.


c. When MR is falling but positive, TR will also be falling and positive

 16

Supply of money refers to the quantity of money

a. As on 31st March


b. During any specified period of time


c. As on any point of time


d. During a fiscal year

 18

Primary deficit is equal to

i) Fiscal Deficit fewer Interest Payments


ii) Revenue Deficit fewer borrowings


iii) Borrowings fewer interest payments


iv) Borrowings less Fiscal Deficit.

 19

Which of the following is not a Quantitative Method of credit control? (1)

i) Open Market Operation


ii) Margin Requirements


iii) Variable Reserve Ratio


iv) Bank Rate Policy