Gaytri Talwar

   1. Why is interest termed as a revenue receipt? (1) 2. Suppose you are a member of the "Advisory Committee to the Finance Minister of india'. The Finance Minister is concerned about the rising Revenue Deficit in the budget. Suggest two measures to control the rising Revenue Deficit of the government.  (2) 3.  Write the difference between revenue expenditure and capital expenditure.    (3) 4. Identify the following as a part of government budget. Proceeds from disinvestment. Repayment of loans Amount borrowed from UK repaid Mobilisation of savings through NSC, KVP, etc. 5. The government budget of a hypothetical economy presents the following information. What will be the value of Budgetary Deficit, Fiscal Deficit, Primary deficit, Revenue Deficit?   (4) A. Revenue Expenditure = 7 25,000 crores. B. Capital Receipts = 7 30,000 crores  C. Capital Expenditure = 7 35,000 crores D. Revenue Receipts = 7 20,000 crores E. Interest Payments =  10,00...

1.  A producer offers to sell 400 units of a commodity when its price is 10 per unit, while only 200 units are offered if the price reduces to 5 per unit. Find elasticity of supply. 2.  The market price of good changes from $5 to $20. As a result, the quantity supplied by a firm increases by 15 units. The price elasticity of the firm’s supply curve is 0.5. Find the initial and final output levels of the firm. 3.  State any three causes of a leftward shift of supply curve. 4.  Draw straight line supply curves with Price Elasticity of Supply  (i) Equal to one  ( ii)Less than one   (iii) More than one  5.   In which market form does a firm face a perfectly elastic demand curve? 6.    What is meant by the term ‘price – taker ‘ in the context of a firm? Question 7. What induces new firms to enter an industry? Question 8. If the firms are earning abnormal profits how will the ‘number of firms in industry change? Question 9. In which marke...