CAT Questions

---

When exports are greater than imports, net exports are positive and similarly, when imports are greater than exports, net exports are negative.

When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation's GDP.

1. A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity.

2. Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence.

3. Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account.

4. Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs.

5. Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage.

During any emergency of wars, some of the Fundamental Rights can be suspended that is what mentioned in constitution of India.

IC's (Integrated Circuits) also called as Chips or Microchips whose invention allowed computers to be smaller and smaller.

Economic growth is measured by the percentage of gross domestic product. GDP refers to the total value of goods and services produced in the country.

QRP