PYQ ENGLISH

PYQ PHYSICS

PYQ CHEMISTRY

PYQ BIOLOGY

PYQ POLITICAL SCIENCE

PYQ HISTORY

PYQ GEOGRAPHY

IMPORTANT QUESTIONS

1. Explain the automatic mechanism by which BoP equilibrium was achieved under the gold standard.

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2. Suppose it takes 1.25 yen to buy a rupee, and the price level in Japan is 3 and the price level in India is 1.2. Calculate the real exchange rate between India and Japan (the price of Japanese goods in terms of Indian goods). (Hint: First find out the nominal exchange rate as a price of yen in rupees).

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3. Distinguish between the nominal exchange rate and the real exchange rate. If you were to decide whether to buy domestic goods or foreign goods, which rate would be more relevant? Explain.

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4. What are official reserve transactions? Explain their importance in the balance
   of payments.

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5. Differentiate between Balance of Trade and Current Account Balance.

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6. What do you understand by G.S.T? How good is the system of G.S.T as compared to the old tax system? State its categories.

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7. Discuss the issue of deficit reduction.

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8. Are fiscal deficits inflationary?

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9. Does public debt impose a burden? Explain.

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10. Explain the relation between government deficit and government debt.

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