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[open SIP] Test 11- Economics Link + Discussion

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  •  Kunal Aggarwal @kunalaggarwal

    Q 1 – The statements on Page 15 are applicable on in a simple economy which has the condition where all the income is paid to factors of production. We can not generalise these statements. Please clarify.
    Q 6 – Decrease in official reserves in BOP deficit (not surplus)
    Q 15 – Statement 3 is wrong. Dividend and profits go under revenue receipts. They neither create liability nor reduce assets.

This topic contains 1 reply, has 2 voices, and was last updated by  Kunal Aggarwal 1 week ago.



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