Question : Which of the following statement are true?

1. The deflationary gap can be corrected by raising the level of aggregate demand.
2. Equilibrium beyond full employment is better than equilibrium at full employment.

Question : Which of the following statement are true?

1. APC can be more than one.
2. APC+APS =1 always.

Question : Which of the following statement are true?

1. Expenditure on scholarship is a capital expenditure.
2. Subsidies is a revenue expenditure

Question : Which of the following statement are true?

1. Corporate tax is revenue receipts.
2. Tax receipt is a capital receipt

Question : Which of the following statement are true?

1. Revenue receipt involves loan from world bank.
2. Revenue receipt involves income tax received by government.