Question : Which of the following statement are true?

1. Sale of securities through open market operations reduces the reserves of commercial banks.
2. Purchase of securities by central bank increase the the reserves and raises the banks ability to give

Question : Which of the following statement are true?

1. Grants received from World Bank is the revenue receipt.
2. Sale of public sector undertaking is a capital receipt.

Question : Which of the following are true?

1. Generation and distribution are the two phases in circular flow of income.
2. There are no exports in a closed economy.

Question : Which of the following are true?

1. Domestic territory is also known as economy territory.
2. Printer purchased by lawyer is an intermediate good.

Question : Which of the following are true?

1. Real flow is also known as nominal flow.
2. In two sector economy, total production is equal to total consumption.