Consider the following statements : 1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries. 2. In terms of PPP dollars, India is the fifth largest economy in the world. Which of the statements given above is/are correct?

Consider the following statements: 1. An additional spending by the Government of X is likely to have less impact on income than an additional transfer of X to households. 2. An additional spending b…

Which of the following statements is/are correct? 1. Most of India's reserves are held in the form of foreign currency. 2. There is no cost of holding foreign currency as reserves by a nation. Select…

Exchange rates state the value of one currency in terms of other currencies. Which one of the following statements with respect to the exchange rate of currency is correct?

Consider the following statements : Full convertibility of the rupee may mean – 1. Its free float with other international currencies 2. Its direct exchange with any other international currency at a…

Which of the following are included in M1 definition of money for the Indian economy? 1. Reserves 2. Currency 3. Time deposits 4. Demand deposits Select the correct answer using the code given below.