Economics (True or False)

If export is more than import it will lead to withdrawal or leakage of money from that economy.

• True

• False

Treasury Bill is an example of long term Government security.

• True

• False

If there are two goods with positive prices and the price of one good is reduced, while income and other prices remain constant, then the size of the budget set is reduced.

• True

• False

Monetary Policy is formulated by RBI

• True

• False

For comparison between countries, total income is not such a useful measure. State whether true or false.

• TRUE

• FALSE