Read the following statements – Assertion (A) and Reason (R). Choose the correct option given below:
Assertion (A): China has used the market mechanism to create additional social and economic opportunities for its citizens.
Reason (R): Social infrastructure creation by the government has brought positive results in human development indicators in China.
Assertion (A): China has leveraged market reforms to promote economic growth and create social opportunities, such as higher employment and better income distribution.
Reason (R): The Chinese government also focused on social infrastructure, such as education and healthcare, leading to improvements in human development indicators.
Explanation: Reason (R) correctly highlights government efforts, but it does not fully explain the market mechanism's role in social and economic opportunities.
“Depreciation of currency may promote exports of a nation.”
Defend or refute the given statement with valid arguments.
“Accommodating transactions are undertaken to maintain stability in the Balance of Payments Account.”
Justify the given statement with a valid explanation.
Read the following statements carefully:
Statement 1: Money is a commodity which is generally accepted as a medium of exchange.
Statement 2: Money solved the problem of double coincidence of wants.
Identify which of the following is not one of the merits of a fixed exchange rate system:
Identify the sources of Human Capital Formation and choose the correct alternative to fill in the blanks:
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): The maximum value of Marginal Propensity to Save (MPS) can be unity.
Reason (R): At the break-even level of income, savings are zero.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): The equilibrium level of income is determined when ex-ante spending and ex-ante output are equal.
Reason (R): The equilibrium level of income may or may not be the same as the full employment level of output.