National Income Accounting — Economics STD 12 Commerce — Question

State any three points of distinction between Central Bank and Commercial Banks.

State three main functions of a commercial bank. Explain any one of them.

Budget deficit creates disequilibrium in every economy, but in developing countries like India, why does government depend on it?

Explain why subsidies are added to and indirect taxes deducted from domestic product at market price to arrive at domestic product at factor cost?

How can budgetary policy be used inequalities of income?

Which transactions determine the balance of trade? When is balance of trade in surplus?

Find out National Income.

S.No.	Contents	₹ (in crore)
(i)	Factor Income from Abroad	15
(ii)	Private Final Consumption Expenditure	600
(iii)	Consumption of Fixed Capital	50
(iv)	Government Final Consumption Expenditure	200
(v)	Net Current Transfer to Abroad	(-) 5
(vi)	Net Domestic Fixed Capital Formation	110
(vii)	Net Factor Income to Abroad	10
(viii)	Change in Stock	(-) 10
(ix)	Net Imports	(-) 20
(x)	Net Indirect Taxes	70

Explain the impact of rise in exchange rate on national income.

Giving reason, classify the into intermediate or final goods.
Sugar used by a sweet shop.

Why is the study of the problem of unemployment in India considered a macro economic study?