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Question

Match List-I with List-II:

List-IList-II
(A) Ex-ante saving(I) Actual Saving
(B) Ex-post consumption(II) Planned Saving
(C) Ex-ante consumption(III) Planned Consumption
(D) Ex-post saving(IV) Actual Consumption

The correct answer is

(A)-(II), (B)-(IV), (C)-(III), (D)-(I)

Solution:

(A) Ex-ante saving means planned saving before actual income and expenditure are known, so it matches Planned Saving (II).

(B) Ex-post consumption means actual consumption that has happened, so it matches Actual Consumption (IV).

(C) Ex-ante consumption is planned consumption before actual data is available, so it matches Planned Consumption (III).

(D) Ex-post saving means actual saving after the fact, so it matches Actual Saving (I).

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Important Questions from National Income and Related Aggregates

  1. In the calculation of GDP by Expenditure method, what should be added from the following:

    (A) Private Final Consumption expenditure

    (B) Investment Expenditure

    (C) Net imports

    (D) Net exports

    (E) Government Final Consumption Expenditure

    Choose the correct answer from the options given below:

  2. Fill in the blanks:

    In a modern economy, money comprises of _______ and _______.

  3. Which of the following makes the workers highly vulnerable?

  4. If Marginal Propensity to Consume (MPC) is 4 times the value of the Marginal Propensity to Save (MPS), determine the value of MPC:

  5. Identify the Stock variable/variables:

    A. Income
    B. Output
    C. Capital
    D. Profits
    E. Money Supply

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