Basic Economics Terms and Concepts

As we all know Govt. of India has launched many schemes for the welfare of the workers from unorganized sectors. As per recent estimates about what per cent of all workforce in India is engaged in informal or unorganized sector?

______ is the ‘input cost’ the producer has to incur in the process of producing something.

Nominal GDP/Real GDP $\times 100$ is known as:

Net national product is equal to:

Consider the following statement and Select the correct code about a ‘market economy ’ :
1. Government facilitates private sector’s choice of produced goods and services.
2. Price mechanism is usually not allowed due to welfare reasons . 

How is GDP at factor cost computed?

According to the Philip Curve, there is an inverse relation between _______ and ________ ?

The GDP deflator stripes out the effects of _____ from GDP calculation.

_______ refers to the selling and buying of goods via shell corporations to artificially inflate turnover without an actual change in ownership or movement of goods.

Return on Assets and Return on Investment Ratios belong to-

Net national product (NNP) is equal to-?

Total national consumption consists of-

If the interest rate is decreased in an economy, it will _____.

Pursuant to the Vaghul Working Group recommendation for setting up an institution to provide enhanced liquidity to the money market instruments, the RBI set up the DFHI, jointly with public sector banks and the all-India financial institutions. What is the full form of DFHI?

A forward contract is a customized contract between two parties, where settlement takes place on a specific date in future at a price agreed today. What are the main features of forward contracts?

_____ is the record of all economic transactions (goods, services and assets) between the residents of the country and the rest of the world in a particular period of time.

Which among the following price/prices is/are excluded while calculating core inflation rate?

The Philip Curve explains that there is an inverse relation between _______.

DRI scheme was launched by RBI and is applicable on all Schedule Commercial Banks. What is the current rate of Interest under the scheme?

Which of the following steps can be undertaken to control inflation?