Explain the relationship between income of the buyers and demand for a good.

How can increase in foreign direct investment affect the price of foreign exchange? 

What are demand deposits? 

24.

Give one example of “externality” which reduces welfare of the people. 

Give two examples of indirect taxes. 

What is a Government Budget? 

Explain the problem of double coincidence of wants faced under barter system. How has money solved it? 

Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each. 

Distinguish between revenue deficit and fiscal deficit.

Explain any one objective of Government Budget.