X hits on this document

61 views

0 shares

0 downloads

0 comments

11 / 14

Section B

Q.No. 17.

18. 19.

20. 21.

22.

23.

Marks

Involuntary unemployment occurs when those who are able and willing to work at the prevailing wage rate do not get work

The sum of MPC and MPS is equal to 1.

(1) (1)

Income from investment made by the government, fees and fines received by the government.

It is an indirect tax because its burden can be shifted.

(½x2) (1)

It is the ratio of bank deposits that the commercial banks must keep with the central bank.

NVAfc = (ii)+(v)-(vi)-(vii)-(iii)+(i)

= 800+20-50-500-30+40 = Rs. 280 lakhs Yes it is possible in the following situations

(1) (1) (1½) (½)

(i) (ii)

When revenue budget is balanced and capital budget shows a deficit. When there is a surplus in the revenue budget but the deficit in capital budget

is greater than this surplus

(1½)

OR Direct tax is a tax in which incidence & impact is on the same person. Its burden

cannot be shifted. Indirect tax is a tax where burden ca

n be shifted.

(2)

Exampls : Direct Tax : Income Tax etc................. Indirect Tax : Excise duty etc...............

(a) (b)

It is a capital receipt as it results in reduction of asset. It is a capital receipt as it creates liability.

(c)

It is a revenue receipt as it neither creates a liability nor reduces any asset.

Sources of demand for foreign exchange :

(i) (ii)

Importers Tourists going abroad

24.

25.

(½) (½)

(1)

(iii) Investors who want to make investments in other countries. Sources of supply of foreign exchange.

  • (i)

    Exporters

  • (ii)

    Foreign tourists

  • (iii)

    Remittances from abroad, etc.

(½x3)

(½x3)

Document info
Document views61
Page views61
Page last viewedMon Jan 23 15:16:19 UTC 2017
Pages14
Paragraphs526
Words3019

Comments