If real income to be 400 crores and price index to be 105, calculate nominal income.

Distinguish between individual’s demand and market demand.Name the factors affecting demand for an individual.

What are capital receipts in a government budget?

Explain how 'Reverse Repo Rate' can be helpful in controlling credit creation.

Calculate national income and personal disposable income:

Corporation tax 100

Private final consumption expenditure 900

Personal income tax 120

Government final consumption expenditure 200

undistributed profits 50

Change in stocks -20

Net domestic fixed capital formation 120

Net imports 10

Net indirect tax 150

Net factor income from abroad -10

Private income 1000