Business Economics and Business and Commercial Knowledge - 7 mtp MTP

1. Which of the following is key operational target in a Budget? (a) Fiscal Deficit (b) Revenue Deficit (c) The General Government Debt (d) The Central Government Debt 2. |The External Debt has been shown at the exchange rate applicable at the time of: (a) Contracting the debt. (b) Expanding the debt. (c) Botha&b (d) None of the above

3. Which of the following is not a classification of public expenditure? (a) Functional classification (b) Revenue and Capital (c) Voted and Charged (d) Plan and Non Plan

Which of the following does not enter the calculation of national income? (a) Exchange of previously produced goods (b) Exchange of second-hand goods (c) Exchange of stocks and bonds (d) All the above In the Keynesian cross diagram, the point at which the aggregate demand function crosses the 45-degree line indicates the : (a) level of full employment income. (b) less than full employment level of income. (c) equilibrium level of income which may or may not be full employment…