Plus Two Accountancy Chapter Wise Previous Questions and Answers Kerala

HSE Kerala Board Syllabus HSSLive Plus Two Accountancy Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus Two Chapter Wise Previous Questions and Answers. Here HSSLive.Guru have given Higher Secondary Kerala Plus Two Accountancy Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus.

Board SCERT, Kerala
Text Book NCERT Based
Class Plus Two
Subject Accountancy
Chapter All Chapters
Category Kerala Plus Two

Kerala Plus Two Accountancy Chapter Wise Previous Year Questions and Answers

Part I: Accountancy

Part II: Computerised Accounting

  • Chapter 1 Overview of Computerised Accounting System
  • Chapter 2 Spread Sheet
  • Chapter 3 Use of Spread Sheet in Business Application
  • Chapter 4 Graphs and Charts for Business Data
  • Chapter 5 Accounting Software Package – GNUKhata
  • Chapter 6 Data Base Management System for Accounting

We hope the given HSE Kerala Board Syllabus HSSLive Plus Two Accountancy Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium will help you. If you have any query regarding Higher Secondary Kerala Plus Two Accountancy Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus, drop a comment below and we will get back to you at the earliest.

Plus Two Business Studies Chapter Wise Previous Questions and Answers Kerala

HSE Kerala Board Syllabus HSSLive Plus Two Business Studies Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus Two Chapter Wise Previous Questions and Answers. Here HSSLive.Guru have given Higher Secondary Kerala Plus Two Business Studies Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus.

Board SCERT, Kerala
Text Book NCERT Based
Class Plus Two
Subject Business Studies
Chapter All Chapters
Category Kerala Plus Two

Kerala Plus Two Business Studies Chapter Wise Previous Year Questions and Answers

We hope the given HSE Kerala Board Syllabus HSSLive Plus Two Business Studies Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium will help you. If you have any query regarding Higher Secondary Kerala Plus Two Business Studies Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus, drop a comment below and we will get back to you at the earliest.

Plus Two Economics Chapter Wise Previous Questions and Answers Kerala

HSE Kerala Board Syllabus HSSLive Plus Two Economics Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus Two Chapter Wise Previous Questions and Answers. Here HSSLive.Guru have given Higher Secondary Kerala Plus Two Economics Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus.

Board SCERT, Kerala
Text Book NCERT Based
Class Plus Two
Subject Economics
Chapter All Chapters
Category Kerala Plus Two

Kerala Plus Two Economics Chapter Wise Previous Year Questions and Answers

Part – I: Introductory Microeconomics

Part – II: Introductory Macroeconomics

We hope the given HSE Kerala Board Syllabus HSSLive Plus Two Economics Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium will help you. If you have any query regarding Higher Secondary Kerala Plus Two Economics Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus, drop a comment below and we will get back to you at the earliest.

HSSLive Plus Two

Plus Two Zoology Chapter Wise Previous Questions and Answers Kerala

HSE Kerala Board Syllabus HSSLive Plus Two Zoology Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus Two Chapter Wise Previous Questions and Answers. Here HSSLive.Guru have given Higher Secondary Kerala Plus Two Zoology Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus.

Board SCERT, Kerala
Text Book NCERT Based
Class Plus Two
Subject Zoology
Chapter All Chapters
Category Kerala Plus Two

Kerala Plus Two Zoology Chapter Wise Previous Year Questions and Answers

We hope the given HSE Kerala Board Syllabus HSSLive Plus Two Zoology Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium will help you. If you have any query regarding Higher Secondary Kerala Plus Two Zoology Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus, drop a comment below and we will get back to you at the earliest.

HSSLive Plus Two

Plus Two Botany Chapter Wise Previous Questions and Answers Kerala

HSE Kerala Board Syllabus HSSLive Plus Two Botany Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus Two Chapter Wise Previous Questions and Answers. Here HSSLive.Guru have given Higher Secondary Kerala Plus Two Botany Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus.

Board SCERT, Kerala
Text Book NCERT Based
Class Plus Two
Subject Botany
Chapter All Chapters
Category Kerala Plus Two

Kerala Plus Two Botany Chapter Wise Previous Year Questions and Answers

We hope the given HSE Kerala Board Syllabus HSSLive Plus Two Botany Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium will help you. If you have any query regarding Higher Secondary Kerala Plus Two Botany Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus, drop a comment below and we will get back to you at the earliest.

HSSLive Plus Two

Plus Two Chemistry Chapter Wise Previous Questions and Answers Kerala

HSE Kerala Board Syllabus HSSLive Plus Two Chemistry Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus Two Chapter Wise Previous Questions and Answers. Here HSSLive.Guru have given Higher Secondary Kerala Plus Two Chemistry Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus.

Board SCERT, Kerala
Text Book NCERT Based
Class Plus Two
Subject Maths
Chapter Chemistry
Category Kerala Plus Two

Kerala Plus Two Chemistry Chapter Wise Previous Year Questions and Answers

We hope the given HSE Kerala Board Syllabus HSSLive Plus Two Chemistry Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium will help you. If you have any query regarding Higher Secondary Kerala Plus Two Chemistry Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus, drop a comment below and we will get back to you at the earliest.

Plus Two Physics Chapter Wise Previous Questions and Answers Kerala

HSE Kerala Board Syllabus HSSLive Plus Two Physics Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus Two Chapter Wise Previous Questions and Answers. Here HSSLive.Guru has given Higher Secondary Kerala Plus Two Physics Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus.

Board SCERT, Kerala
Text Book NCERT Based
Class Plus Two
Subject Physics
Chapter All Chapters
Category Kerala Plus Two

Kerala Plus Two Physics Chapter Wise Previous Year Questions and Answers

  • Chapter 1 Electric Charges and Fields
  • Chapter 2 Electric Potential and Capacitance
  • Chapter 3 Current Electricity
  • Chapter 4 Moving Charges and Magnetism
  • Chapter 5 Magnetism and Matter
  • Chapter 6 Electromagnetic Induction
  • Chapter 7 Alternating Current
  • Chapter 8 Electromagnetic Waves
  • Chapter 9 Ray Optics and Optical Instruments
  • Chapter 10 Wave Optic
  • Chapter 11 Dual Nature of Radiation and Matter
  • Chapter 12 Atoms
  • Chapter 13 Nuclei
  • Chapter 14 Semiconductor Electronics: Materials, Devices and Simple Circuits
  • Chapter 15 Communication Systems

We hope the given HSE Kerala Board Syllabus HSSLive Plus Two Physics Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium will help you. If you have any query regarding Higher Secondary Kerala Plus Two Physics Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus, drop a comment below and we will get back to you at the earliest.

HSSLive Plus Two

Plus Two Maths Chapter Wise Previous Questions and Answers Kerala

HSE Kerala Board Syllabus HSSLive Plus Two Maths Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium are part of SCERT Kerala Plus Two Chapter Wise Previous Questions and Answers. Here HSSLive.Guru has given Higher Secondary Kerala Plus Two Maths Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus.

Board SCERT, Kerala
Text Book NCERT Based
Class Plus Two
Subject Maths
Chapter All Chapters
Category Kerala Plus Two

Kerala Plus Two Maths Chapter Wise Previous Year Questions and Answers

We hope the given HSE Kerala Board Syllabus HSSLive Plus Two Maths Chapter Wise Previous Questions and Answers Pdf Free Download in both English Medium and Malayalam Medium will help you. If you have any query regarding Higher Secondary Kerala Plus Two Maths Chapter Wise Previous Year Important Questions and Answers based on CBSE NCERT syllabus, drop a comment below and we will get back to you at the earliest.

HSSLive Plus Two

Plus Two Computer Science Notes Chapter 12 ICT and Society

Kerala State Board New Syllabus Plus Two Computer Science Notes Chapter 12 ICT and Society.

Kerala Plus Two Computer Science Notes Chapter 12 ICT and Society

ICT Services

e-Governance

The integration of computers and communication technology for the benefit of government functions to the public is termed as E-Governance by this Govt can serve the public in a convenient, efficient and transparent manner.

A) Types of interactions in e-Governance
e-Governance facilitates interaction between different stakeholders in governance Government to Govemment(G2G)
Government to Citizens(G2C)
Government to Business(G2B)
Government to Employees(G2E)

B) E-Governance Infrastructure
a) State Data Centre(SDC) : It is used for providing e-Governance to Government agencies(G2G), Citizens(G2C), Business persons(G2B) by National e-Governance Plan(NeGP). The services are

b) Kerala State Wide Area Network(KSWAN): It is envisaged to be the core common network infrastructure for e-Govemance and the State Information Infrastructure^!I), connecting Thiruvananthapuram, Kochi and Calicut. It’ acts as the backbone of SI I.

c) Common Service Centre(CSC): These are the web-enabled points of the government, private and social sector services. They provide services such as Agriculture, Health, Banking, Educational, Entertainment, Commercial, Transport services for the rural citizens of India. In Kerala Akshaya centers are working as CSC.

Akshaya centres : These were launched in 2002 in the Malappuram Dist. In Kerala by the project of Kerala State Information Technology Mission(KSITM). Its aim is to provide services such as e-grants, e filing, e district, e ticketing, ration card application, Voters Id application, insurance and Banking to the peoples of Kerala.

C) Benefits of E-governance
Its main aim is to provide better service to the people at any time and place with high speed. In the modem world it is very helpful and convenient to the people.

  • It enables automation of Govt, services
  • It ensures the participation of citizens hence strengthen the democracy
  • It ensures more transparency hence eliminates corruption
  • It enhances responsibilities of various Govt. Departments
  • Its proper implementation saves time and money of the people by avoiding unnecessary visits to offices.

D) Challenges to E-Governance

  • Due to lack of e-Literacy, there is a difficulty to access the service of E-Governance.
  • High security measures are required because of possibility of cyber attack.
  • Implementation and maintenance requires huge amount and planning
  • Some people refuses to give personal information due to anxiety
  • Various Departments’ integration is needed for the efficiency and effectiveness of e- Govemance

E) Useful E-Governance websites

Address of website Purpose / Service
vAvw.dhsekerala.gov.in The official web site of Higher Secondary Education, Kerala
www.incometaxindia.gov.in Income Tax Dept.
www.keralamvd.gov.in Motor Vehicles Dept, of Kerala
www.rti.gov. in Web site of Right to Information Act
www.itmission.kerala.gov.in Dept of IT mission, Kerala
www.spark.gov.in Kerala Govt. Employees Service and Payroll Management
www.ceo.kerala.gov.in Official Web site of Election commission

E-business(electronic Business)

Providing services or running business through internet is called E business.

A) e-commerce and e-business : Both are different. E-commerce means Electronic commerce. It includes exchange of goods or services through internet that involves exchange of money whereas e-Business includes activities to run a business.

B) Electronic Payment System(EPS) : It is also called plastic money that is electronically exchanging money between two individuals or firms(buyers and sellers) in an online environment.

C) E-banking (Electronic Banking) : Through electronic channel doing all the banking activities at any time and place through the internet.

D) Advantages of e-business

  • It overcomes geographical limitations
  • It reduces the operational cost
  • It minimizes the time and cost
  • It remains open all the time
  • We can locate the product faster from a wider range of choices

E) Challenges to E-business

  • Peoples are unaware of IT applications and its uses
  • Most peoples don’t have plastic money(credit/debit card) and net banking
  • It requires high-security measurements otherwise you may lose money
  • We can’t touch or smell products through online
  • Some companies may not have proper Goods delivery service

F) Useful e-Business websites

Address of website  Purpose I Service
www.irctc.in  Web site of Indian Railway and Tounsm Corporation Ltd. to reserve and cancel train tickets ançi room booking
www. amazon corn  Us based markeung company headquarters in Washington
www.ebay.in  Largest online shopping site in India
www.Iicindia.com  Website of Life Insurance Corporation of India
www.airindia.com  Website of Air India to book/cancel air tickets
www.makemytrip.com  website for reserving and canceling tickets for journey and room booking
www.keralartc.com  Website of KSRTC to book bus tickets

E-Learning

It is the use of electronic media(lt includes text, audio, video, image, animation, etc), educational technology(lt includes Satellite TV, CD ROM, Computer Based Learning, etc) and information and communication technologies(ICT- ilt uses intranet/extranet and web-based learning) in education.

A) e-Learning tools

  • Electronic books reader (e-Books) With the help of a tablet or portable computer or any other device we can read digital files by using a s/w is called electronic books reader.
  • e-text The electronic format of textual data is called e-Text.
  • Online chat Real-time exchange of text or audio or video messages between two or more person over the Internet.
  • e-Content The data or information such as text, audio, video, presentations, images, animations etc, are stored in electronic format.
  • Educational TV channels TV channels dedicated only for the e-Leaming purpose : Eg. VICTORS (Virtual Class room Technology on Edusat for Rural Schools OR Versatile ICT Enabled Resources for Students)

B) Advantages of E-Learning :

  • It can offer variety courses to large number of students from distant location.
  • It saves journey time and money, instructor fees, etc.
  • People can enjoy e Learning with lower cost
  • It enables people to do courses conducted by national or international institutions.

C) Challenges to e Learning

  • Face to face contact between student and teachers is not possible
  • Proper interaction is limited lack of infrastructure facilities
  • Its implementation requires computer and high speed Internet
  • Pupil may not get proper motivation
  • It does not provide a real lab facility

D) Useful e Learning websites

Information Security

The most valuable to a company (An enterprise ora Bank, etc) is their data base hence it must be protected from the accidental or unauthorised access by unauthorised persons

Intellectual Property Right

Some people spend lots of money,time body and mental power to create some products such as a classical movie, album, artistic work, discoveries, invention , software, etc. These type of Intellectual properties must be protected from unauthorized access by law. This is called Intellectual Property Right (IPR).

Intellectual property is divided into two categories

  • Industrial Property
  • Copyright

A) Industrial property: It .ensures the protection of industrial inventions, designs, Agricultural products etc from unauthorized copying or creation or use. In India this is done by Controller of Patents Designs and Trademarks.

Patents : A person or organization invented a product or a creation can be protected from unauthorized copying or creation without the permission of the creator by law. This right is called Patent. In India the validity of the right is up to 20 years. After this anybody can use freely.

Trademark : This is a unique, simple and memorable sign to promote a brand and hence increase the business and goodwill of a company. It must be registered. The period of registration is for 10 years and can be renewed. The registered trademark under Controller General of Patents Design and Trademarks cannot use or copy by anybody else.

Industrial designs : A product or article is designed so beautifully to attract the customers. This type of designs is called industrial design. This is a prototype and used as a model for large scale production.

Geographical indications: Some products are well known by the place of its origin. Kozhikkodan Halwa, Marayoor Sharkkara (Jaggery), Thirupathi Ladoo, etc are the examples.

B) Copyright: The trade mark is ©, copy right is the property right that arises automatically when a person creates a new work by his own and by Law it prevents the others from the unauthorized or intentional copying of this without the permission of the creator for 60 years after the death of the author.

Infringement (Violation)

Unauthorized copying or use of Intellectual property rights such as Patents, Copy rights and Trademarks are called intellectual property lnfringement(violation). It is a punishable offence.

Patent Infringement: It prevents others from the unauthorized or intentional copying or use of Patent without the permission of the creator. Piracy: It is the unauthorized copying, distribution and use of a creation without the permission of the creator. It is against the copy right act and hence the person committed deserve the punishment.

Trademark Infringement: It prevents others from the unauthorized or intentional copying or use of Trademark without the permission of the creator.

Copy right Infringement: It prevents others from the unauthorized or intentional copying or use of Copy right without the permission of the creator.

Cyberspace

EarlierTraditional communication services such as postal service(Snail mail) are used for communication. It is a low speed and not reliable service. In order to increase the speed Telegram Services were used. Its speed was high but it has lot of limitations and expensive too. Later telephones were used for voice communication. Nowadays telephone system and computer system are integrated and create’a virtual(un real) environment. This is called cyber space. The result for this integration is that tremendous speed and it is very cheap. The various departments of Govt, are providing speed, reliable and convenient online service hence increase the productivity. Online shopping, Online banking, Online debate, Online Auction etc. are the various services offered by the Internet.

Through this one can transfer funds from our account to another account, hence one can pay bills such as telephone, electricity, purchase tickets(Flight, Train, Cinema, etc). As much as Cyber Space helps us that much as it gives us troubles.

Cyber Crimes

Just like normal crimes (theft, trespassing private area, destroy, etc,) Cyber crimes (Virus, Trojan Horse, Phishing, Denial of Service, Pornography etc) also increased significantly . Due to cyber crime, the victims lose money, reputation,etc and some of them commit suicide.

A) Cyber crimes against individuals

i) Identity theft: The various information such as personal details(name, Date of Birth, Address, Phone number etc), Credit / Debit Card details(Card number, PIN, Expiry Date, CW, etc), Bank details, etc. are the identity of a person. Stealing this information by acting as the authorized person without the permission of a person is called Identity theft. The misuse of this information is a punishable offence.

ii) Harassment : Commenting badly about a particular person’s gender, colour, race, religion, nationality, in Social Media is considered as harassment. This is done with the help of Internet is called Cyber stalking (Nuisance). This is a kind of torturing and it may lead to spoil friend ship, career, self image and confidence. Sometimes may lead to a big tragedy of a whole family or a group of persons.

iii) Impersonation and cheating : Fake accounts are created in Social Medias and act as the original one for the purpose of cheating or misleading others. Eg: Fake accounts in Social Medias (Facebook,Twitter,etc), fake sms, fake emails etc.

iv) Violation of privacy: Trespassing into another person’s life and try to spoil the life. It is a punishable offence. Hidden camera is used to capture the video or picture and black mailing them.

v) Dissemination of obscene material: With the help of hidden camera capture unwanted video or picture. Distribute or publish this obscene clips on Internet without the consent of the victims may mislead the people specifically the younger ones.

B) Cyber crimes against property
Stealing credit card details, hacking passwords of social media accounts or mail account or Net banking, uploading latest movies etc, are considered as cyber crimes against property.

i) Credit card fraud

ii) Intellectual property theft Copying a person’s creation and present as a new creation is called plagiarism. This can be identified some tools (programs) available in the Internet

iii) Internet time theft : This is deals with the misuse of WiFi Internet facility. If it is not protected by good password there is a chance of misuse our devices (Modem/Router) to access Internet without our consent by unauthorized persons. Hence our money and volume of data(Package) will lose and we may face the consequences if others make any crimes.

C) Cyber crimes against government
The cyber crimes against Govt, websites is increased significantly. For example in 2015 the website of Registration Department of Kerala is hacked and destroys data from 2012 onwards,

i) Cyber terrorism : It is deals with the attacks against very sensitive computer networks like computer controlled atomic energy power plants, air traffic controls, Gas line controls, telecom, Metro rail controls, Satellites etc.. This is a very serious matter and may lead to huge loss (money and life of citizens). So Govt, is very conscious and give tight security mechanism for their services.

ii) Website defacement : It means spoil or hacking websites and posting bad comments about the Govt.

iii) Attacks against e-governance websites : Its main target is a Web server. Due to this attack the Web server / computer forced to restart and this results refusal of service to the genuine users. If we want to access a website first you have to type the web site address in the URL and press Enter key, the browser requests that page from the web server. Dos attacks send huge number of requests to the web server until it collapses due to the load and stops functioning.

Cyberethics

Guidelines for using computers over internet

  • Emails may contain Viruses so do not open any unwanted emails
  • Download files from reputed sources(sites)
  • Avoid clicking on pop up Advt.
  • Most of the Viruses spread due to the use of USB drives so use cautiously.
  • Use firewall in your computer
  • Use anti virus and update regularly
  • Use spam blocking software
  • Take backups in a regulartime intervals
  • Use strong passwords, i.e a mixture of characters (a-z& A-Z), numbers and special characters.
  • Do not use bad or rude language in social media and emails.
  • Un tick‘Remember Me’before log in.

Cyber laws

It ensures the use of computers and Internet by the people safely and legally. It consists of rules and regulations like Indian Penal Code(IPC) to stop crimes and forthe smooth functions of Cyber world. Two Acts are IT Act 2000 and IT Act Amended in 2008.

Information Technology Act 2000(amended in 2008)

IT Act 2000 controls the use of Computer(client), Server, Computer Networks, data and Information in Electronic format and provides legal infrastructure for E-commerce, in India.

This is developed to promote IT industry, control e-commerce, also ensures the smooth functioning of E-Governance and it prevents cyber crimes.

The person those who violate this will be prosecuted. In India IT bill introduced in the May 2000 Parliament Session and it is known as Information Technology Act 2000. Some exclusions and inclusions are introduced in December 2008.

Cyber Forensics

Critical evidence of a particular crime is available in electronic format with the help of computer forensics. It helps to identify the criminal with help of blood, skin or hair samples collected from the crime site. DNA, polygraph, finger prints are another effective tool to identify the accused person is the criminal or not.

Info mania

Right information at the right time is considered as the key to success. The information must be gathered, stored, managed and processed well. Info mania is the excessive desire(lnfatuation) for acquiring knowledge from various modern sources like Internet, Email, Social media, Instant Message Application(WhatsApp) and Smart Phones. Due to this the person may neglect daily routine such as family, friends, food, sleep etc. hence they get tired. They give first preference to Internet than others. They create their own Cyber World and no interaction to the surroundings and the family.

Plus Two Macroeconomics Notes Chapter 6 Open Economy Macroeconomics

Kerala State Board New Syllabus Plus Two Economics Notes Part II Chapter 6 Open Economy Macroeconomics.

Kerala Plus Two Macroeconomics Notes Chapter 6 Open Economy Macroeconomics

The Foreign Exchange Market

The price of our currency in terms of the other is known as exchange rate. This exchange rate is also known as nominal exchange rate. The real exchange rate is the ratio of foreign to domestic prices measured in the same currency. This is defined as follows:
Real exchange rate = \(\frac{\text { epf }}{\mathrm{p}}\)
‘p’ is the domestic price of goods, ‘pf’ is the price level abroad, ‘c’ is the nominal exchange rate. If the real exchange rate is equal to one, currencies are at purchasing power parity. This means that goods cost is the same in two countries when measured in the same currency.

വിദേശ വിനിമയ വിപണി
വിനിമയ നിരക്ക് എന്നത് ഒരു രാജ്യത്തിന്റെ കറൻസിയുടെ വില മറ്റ് രാജ്യത്തെ കറൻസിയുടെ വിലയിൽ അവതരിപ്പിക്കുന്നതിനാ ണ്. ഈ വിനിമയ നിരക്ക് നോമിനൽ വിനിമയ നിരക്ക് എന്ന് അറി യപ്പെടുന്നു. ആഭ്യന്തര വിദേശ വില അനുപാതം ഒരേ കറൻസി യിൽ അളക്കുന്നതിനെയാണ് യഥാർത്ഥ വിനിമയ നിരക്ക് (real exchange rate) എന്ന് പറയുന്നത്.

യഥാർത്ഥ വിനിമയ നിരക്ക് = \(\frac{\text { epf }}{\mathrm{p}}\)
‘p’ എന്നത് വസ്തുക്കളുടെ ആഭ്യന്തര വിലനിലവാരവും “pf’ എന്നത് വിദേശ വിലനിലവാരവുമാണ്. യഥാർത്ഥ വിനിമയ നിരക്ക് ഒന്ന് ആയാൽ കറൻസികൾ തുല്യ വാങ്ങൽ ശേഷിയുള്ളതായി അറിയപ്പെടുന്നു. അതായത് ഒരു കറൻസിയിൽ രണ്ട് രാജ്യ ത്തെയും വസ്തുക്കളുടെ വില തുല്യമാണ്.

Open Economy

When the countries are engaged in trade relation with other countries, such economies are known as open economies. An open economy is an economy which has economic relations with other countries of the world with regard to goods and services, financial assets, etc. In simple terms, an open economy engages trade in terms of export and import with other countries.

തുറന്ന സമ്പദ്വ്യവസ്ഥ (Open Economy)

വിദേശരാജ്യങ്ങളുമായി സാമ്പത്തിക ബന്ധമുള്ള സമ്പദ് വ്യവസ്ഥ യാണ് തുറന്ന സമ്പദ്വ്യവസ്ഥ. അതായത്, സാധനങ്ങൾ, സേവന ങ്ങൾ, ധനകാര്യ ആസ്തികൾ (financial assets) തുടങ്ങിയവ – യിൽ വിദേശ രാഷ്ട്രങ്ങളുമായി വ്യാപാര ബന്ധങ്ങൾ ഉള്ള ഒരു സമ്പദ്വ്യവസ്ഥയെയാണ് തുറന്ന സമ്പദ്വ്യവസ്ഥ എന്നു പറയു ന്നത്. തുറന്ന സമ്പദ്വ്യവസ്ഥയുള്ള രാഷ്ട്രങ്ങൾ കയറ്റുമതി യിലും ഇറക്കുമതിയിലും ഏർപ്പെടന്നു; പരസ്പരം കടം വാങ്ങു കയും കൊടുക്കുകയും ചെയ്യുന്നു; വിദേശ മൂല ധനം അനുവദി ക്കുന്നു.

The Balance of Payments and Balance of Trade

The balance of payments (BOP) record the transactions in goods, services and assets between residents of a country with the rest of the world. There are two main accounts in the Bop – the current account and the capital account.

The current account records exports and imports in goods and services and transfer payments. Trade in services denoted as invisible trade includes both factor income and non-factor income. Transfer payments are receipts which the residents of a country receives for free’, without having to make any present or future payments in return. They consist of remittances, gifts and grants. They could be official or private.

The balance of exports and imports of goods is referred to as the trade balance.

വ്യാപാരശിഷത്തേക്കാൾ വളരെ വിശാലമായ സംജ്ഞയാണ് അടവ് ശിഷ്ടം എന്നത്. ഒരു നിശ്ചിത കാലഘട്ടത്തിൽ ഒരു രാജ്യം ശിഷ്ണുലോകവുമായി നടത്തുന്ന എല്ലാ ദൃശ്യവും അദൃശ്യവുമായ സാമ്പത്തിക ഇടപാടുകളുടെയും ക്രമബദ്ധമായ രേഖയാണ് അടവ്ശിഷ്‌ടം (Balance of Payments – Bop)

ഒരു രാജ്യം ഒരു വർഷം ശിഷലോകവുമായി നടത്തുന്ന ദൃശ്യ സാധനങ്ങളുടെ (material goods or merchandise goods) കയറ്റുമതിയുടേയും ഇറക്കുമതിയുടെ യും പണമൂല്യങ്ങൾ തമ്മിലുള്ള വ്യത്യാസമാണ് വ്യാപാരശിഷ്ടം.

Balance of Payment Accounts

Balance of payments is a broad concept than balance of trade. Balance of payments is a summary recorded of a country’s monetary transactions with the rest of the world in specific time period, normally a year. Thus, balance of payment is the complete record of the financial transaction made between a country and the rest of the world. The balance of payments includes both visible and invisible transactions.

Double entry book keeping is used for recording the balance of payments of a country. The transaction in balance of payments that results in the payments to foreigners is entered in the debit side with a negative sign. Similarly, any transaction resulting in a receipt from foreigners is entered in credit side with a positive sign. The major accounts of balance of payments are (a) current account (b) capital account (C) official reserve account (d) errors and omissions.

a) Current account: Current account is the record of export and import of goods, services and transfer payments. The first two elements in the current accounts are exports and imports. Export and imports of goods are called visible items in the current account. Export and imports of services are called invisible items in the current account. Invisible items may be factor services like labour, other factor services like insurance, banking, etc. The most important components of invisible items are net-factor income, non-factor income and transfer payments.

b) Capital account: The capital account records international purchases and sales of assets such as money, stocks, bonds, etc. capital account transfers includes investments, loans, baking capital, etc. Such transfers could be long-term transfers or short-term transfers.

c) Official reserve accounts: The transaction of items in official reserve accounts are carried out by the central bank and the Government of India. The items such as the stock of gold, foreign securities, foreign exchange reserves, etc. are , included in official reserve accounts.

d) Errors and omissions: It includes those items we couldn’t record in balance of payments account. It is considered as the balancing item in the balance of payment account.

അടവുശിഷത്തിന്റെ അക്കൗണ്ടുകൾ
അടവുശിഷ്ട (BoP)ത്തിന്റെ പ്രധാനപ്പെട്ട അക്കൗണ്ടുകളാണ്.
a) കറന്റ് അക്കൗണ്ട് (Current Account)
b) മൂലധന അക്കൗണ്ട് (Capital Account)
c) ഒഫീഷ്യൽ റിസർവ്വ് അക്കൗണ്ട് (Official Reserve Account)
d) എറേഴ്സ് ആന്റ് ഒമിഷൻസ് (Errors and Omissions).

a) കറന്റ് അക്കൗണ്ട് (Current account): കറന്റ് അക്കൗണ്ടിൽ സാധനസേവനങ്ങളുടെ കയറ്റുമതി, ഇറക്കുമതി തുടങ്ങിയ എല്ലാവിധത്തിലുമുള്ള വർത്തമാനകാല കൈമാറ്റങ്ങൾ രേഖ പ്പെടുത്തുന്നു. കറന്റ് അക്കൗണ്ടിൽ ദൃശ്യമായ സാധനങ്ങളുടെ കയറ്റുമതി, ഇറക്കുമതി എന്നിവയാണ് ആദ്യത്തെ രണ്ട് ഘട കങ്ങൾ. ഇവ തമ്മിലുള്ള വ്യത്യാസമാണ് വ്യാപാരശിഷ്ടം (Trade balance). ഇതാണ് കറന്റ് അക്കൗണ്ടിലെ മൂന്നാ മത്തെ ഘടകം.

b) മൂലധന അക്കൗണ്ട് (Capital account): രാജ്യത്തിന്റെ ബാധ്യതകളെയോ ആസ്തികളെയോ ബാധിക്കുന്ന തരത്തിൽ ശിഷലോകവുമായിട്ടുള്ള കൈമാറ്റങ്ങളാണ് മൂലധന അക്കൗ ണ്ടിൽ രേഖപ്പെടുത്തുന്നത്. നിക്ഷേപങ്ങൾ, വായ്പകൾ, ബാങ്കിങ് മൂലധനം തുടങ്ങിയ പ്രവാഹങ്ങൾ മൂലധന അക്കൗ ണ്ടിൽ ഉൾപ്പെടുന്നു. മൂലധനകൈമാറ്റങ്ങൾ ഹ്രസ്വകാലത്തി ലുള്ളതോ ദീർഘകാലത്തേയ്ക്കുള്ളതോ ആകാം.

c) ഒഫീഷ്യൽ റിസർവ്വ് അക്കൗണ്ട് (Official reserve account): വിദേശനാണയ കരുതലിന്റേയും അന്താരാഷ്ട്ര നാണയ നിധി യിലുള്ള സ്പഷ്യൽ ഡ്രായിങ് റൈറ്റ്സിന്റേയും (SLR) വിദേശ സെക്യൂരിറ്റികളുടേയും സ്വർണ്ണത്തിന്റേയും കണക്കു കളാണ് ഒഫീഷ്യൽ റിസർവ്. അക്കൗണ്ടിൽ രേഖപ്പെടുത്തു
ന്നത്.

d) എറേഴ്സ് ആന്റ് ഒമിഷൻസ് (Errors and omissions): എറേഴ്സ് ആന്റ് ഒമിഷൻസ് (തെറ്റുകളും വിട്ടുകളയലും) എന്ന അക്കൗ ണ്ടിൽ തെറ്റായ രീതിയിലും അപൂർണ്ണമായും രേഖപ്പെടുത്തി യിട്ടുള്ള വിവരങ്ങൾ നീക്കം ചെയ്ത് കൃത്യമായവ കൂട്ടിച്ചേർ ക്കുന്നതിനാണ് ഉപയോഗിക്കുന്നത്.

The Foreign Exchange Market

Foreign exchange market is the market in which national currencies are traded for one another. The major participants in this market are commercial banks, foreign exchange brokers and other authorized dealers and the monetary authorities. It is important to note that although the participants themselves may have their own trading centers, the market itself is worldwide. There is close and continuous contact between the trading centers and the participants deal in more than one market. The price of one currency in terms of the other is known as the exchange rate.

വിദേശ വിനിമയ വിപണി
വിദേശ കറൻസികൾ വാങ്ങുകയും വിലക്കുകയും ചെയ്യപ്പെ ടുന്ന വിപണിയാണ് വിദേശവിനിമയ വിപണി. വിദേശ കറൻസികൾ വാങ്ങുന്നവരെയും വില്ക്കുന്നവരെയും കൂടാതെ ഈ മേഖല യിൽ പ്രാവീണ്യമുള്ള മധ്യവർത്തികളുടെ സേവനങ്ങളും ലഭ്യമാണ്.

വിനിമയ നിരക്ക്
ഒരു രാജ്യത്തിന്റെ കറൻസി മറ്റൊരു രാജ്യത്തിന്റെ കറൻസിയുമായി വിനിമയം ചെയ്യുമ്പോൾ അവയ്ക്ക് ലഭ്യമാകുന്ന വിലയാണ് വിനിമയ നിരക്ക്.

Determination of The Exchange Rate

i) Flexible exchange rates: In a system of flexible exchange rates (also known as floating exchange rates), the exchange rate is determined by the forces of market demand and supply. In a completely flexible system, the central banks . follow a simple set of rules – they do nothing to directly affect the level of the exchange rate, in other words they do not intervene in the foreign exchange market and therefore, there are no official reserve transactions).

ii) Fixed exchange rates: Countries have had flexible exchange rate system ever since the breakdown of the Bretton Woods system in the early 1970s. Prior to that, most countries had fixed or what is called pegged exchange rate system, in which the exchange rate is pegged at a particular level. Sometimes, a distinction is made between the fixed and pegged exchange rates. It is argued that while the former is fixed, the latter is maintained by the monetary authorities, in that the value at which the exchange rate is pegged (the par value) is a policy variable – it may be changed.

There is a common element between the two systems. Under a fixed exchange rate system, such as the gold standard, adjustment to BOP surpluses or deficits cannot be brought about through changes in the exchange rate. Adjustment must either come about ‘automatically’ through the workings of the economic system (through the mechanism explained by Hume, given below) or be brought about by the government.

A pegged exchange rate system may, as long as the exchange rate is not changed, and is not expected to change, display the same characteristics.

iii) Managed floating: It is a mixture of a flexible exchange rate system (the float part) and a fixed rate system (the managed part). Under this system, also called dirty floating, central banks intervene to buy and sell foreign currencies in an attempt to moderate exchange rate movements whenever they feel that such actions are appropriate. Official reserve transactions are, therefore, not equal to zero.

വിനിമയനിരക്ക് നിർണ്ണയം
ഒരു രാജ്യത്തിന്റെ കറൻസിയുടെ വില മറ്റൊരു കറൻസിയുടെ അടിസ്ഥാനത്തിൽ കണക്കാക്കുന്നതാണ് വിനിമ നിരക്ക്. വിനിമയനിരക്ക് നിർണ്ണയത്തിന് മൂന്ന് സമ്പ്രദായങ്ങളുണ്ട്.
1. അയവുള്ള വിനിമയനിരക്കുകൾ
2. സ്ഥിര വിനിമയനിരക്കുകൾ
3. മാനേജ്ഡ് ഫ്ളോട്ടിങ് സമ്പ്രദായം

1. അയവുള്ള വിനിമയനിരക്കുകൾ: അയമുള്ള വിനിമയ നിര ക്കിനെ ഫ്ളോട്ടിംഗ് വിനിമയ നിരക്ക് (floating excahgne rate) എന്നു പറയാറുണ്ട്. വിദേശ കറൻസിക്കുള്ള ചോദ നവും പ്രദാനവും ചേർന്നാണ് ഫ്ളോട്ടിംഗ് വിനിമയ നിരക്ക് നിശ്ചയിക്കുന്നത്. ഈ സമ്പ്രദായത്തിൽ വിനിമയ നിരക്ക് നിർണ്ണയിക്കുന്നതിന് കേന്ദ്ര ബാങ്ക് ഇടപെടുന്നില്ല. അതായത് ഒഫീഷ്യൽ റിസർവ് അക്കൗണ്ടിൽ യാതൊരുവിധ ഇടപാടുക ളുമില്ല.

2. സ്ഥിര വിനിമയനിരക്കുകൾ: സ്ഥിര വിനിമയനിരക്ക് സമ്പ്രദാ യമനുസരിച്ച് വിനിമയനിരക്ക് ഒരു രാജ്യത്തിലെ കേന്ദ് ബാങ്കോ ഗവൺമെന്റോ നിർണ്ണയിക്കുന്നു. സ്ഥിര വിനിമയ നിരക്ക് പെഗ്ഡ് വിനിമയ നിരക്ക് (pegged exchange rate) എന്നും അറിയപ്പെടുന്നു. വിവിധതരത്തിലുള്ള പ്രവർത്തന ങ്ങളുടെ ഫലമായി വിനിമയ നിരക്കിൽ വ്യതിയാനം സംഭവി ക്കുമ്പോൾ കേന്ദ്രബാങ്ക് ഇടപെട്ട് അവയെ സന്തുലിതാ വസ്ഥയിൽ എത്തിക്കുന്നു. സ്ഥിര വിനിമയ നിരക്ക് നിലനിർ ത്തുന്നതിന് കേന്ദ്ര ബാങ്കിന്റെ ഇടപെടൽ പെഗ്ഗിങ് (pegging) എന്ന് അറിയപ്പെടുന്നു. സ്ഥിരവിനിമയനിരിക്ക് നിലനിർത്തു ന്നതിന് കേന്ദ്രബാങ്ക് വിദേശ നാണയം വിദേശവിനിമയ കമ്പോ ളത്തിൽ നിന്ന് വാങ്ങുകയോ വില്ക്കുകയോ ചെയ്യുന്നു. സ്ഥിരവിനിമയനിരക്ക് എന്നത് ഗവൺമെന്റിന്റെ വിദേശനയ ത്തിന്റെ ഭാഗമാണ്. തന്മൂലം നയങ്ങളിലുള്ള മാറ്റങ്ങൾക്കനു സരിച്ച് വിനിമയ നിരക്കിന് വ്യതിയാനം സംഭവിക്കാം.

3. മാനേജ്ഡ് ഫ്ളോട്ടിങ് സമ്പ്രദായം: മാനേജ്ഡ് ഫ്ളോട്ടിങ് സമ്പ്രദായം എന്നത് അയവുള്ള വിനിമയനിരക്ക് സമ്പ്രദായ (അയവ് ഭാഗം) ത്തിന്റെയും സ്ഥിരവിനിമയനിരക്ക് സമ്പ്രദായ (മാനേജ്ഡ് ഭാഗം) ത്തിന്റേയും ഒരു മിശ്രിതരൂപമാണ്. ഇ സമ്പദായം ഡേർട്ടി ഫ്ളോട്ടിങ് (dirty floating) സമ്പ്രദായം എന്നും അറിയപ്പെടുന്നു.

The Determination Of Income In An Open Economy

With consumers and firms having an option to buy goods produced at home and abroad, we now need to distinguish between domestic demand for goods and the demand for domestic goods.

National Income Identity for an Open Economy In a closed economy, there are three sources of demand for domestic goods – Consumption (C), Government Spending (G), and Domestic Investment (I).
We can write Y = C + I + G

In an open economy, exports (X) constitute an additional source of demand for domestic goods and services that come from abroad and therefore must be added to agstegate demand. Imports (M) supplement supplies in domestic markets and constitute that part of domestic demand that falls on foreign goods and services. Therefore, the national income identity for an open economy is
Y + M = C + I + G + X
Rearranging, we get
Y = C + I + G + X – M
OR
Y = C + I + G + NX

where, NX is net exports (exports – imports). A positive NX (with exports greater than imports) implies a trade surplus and a negative NX (with imports exceeding exports) implies a trade deficit.

തുറന്ന സമ്പദ്വ്യവസ്ഥയിലെ ദേശീയ വരുമാന നിർണ്ണയം
ആധുനിക സമ്പദ്വ്യവസ്ഥയിൽ തുറന്ന സമ്പദ്വ്യവസ്ഥകളാണ്. അതിനാൽ തുറന്ന സമ്പദ്വ്യവസ്ഥയിലെ വരുമാന നിർണയം ഏറെ പ്രധാന്യമർഹിക്കുന്നു.

ഒരു അടഞ്ഞ സമ്പദ്വ്യവസ്ഥയിലെ സമാഹൃത ചോദനത്തിന് മൂന്ന് ഘടകങ്ങളുണ്ട് എന്ന് നമുക്കറിയാം.

  1. ഉപഭോഗ ചോദനം
  2. നിക്ഷേപ ചോദനം
  3. ഗവൺമെന്റ് ചോദനം

ഒരു അടഞ്ഞ സമ്പദ്വ്യവസ്ഥയിലെ സമാഹൃതചോദനം എന്നത്
AD = C + I + G
ഉല്പന്ന വിപണിയിലെ സന്തുലിതാവസ്ഥ പ്രകാരം
Y = C + I + G
ഒരു തുറന്ന സമ്പദ് വ്യവസ്ഥയിൽ ശിഷ് രാജ്യങ്ങളുമായി കയറ്റുമതി ഇറക്കുമതി ബന്ധങ്ങൾ ഉണ്ട്. വിദേശരാജ്യങ്ങളിൽ ആഭ്യന്തരരാജ്യം ഉല്പാദിപ്പിക്കുന്ന സാധന സേവനങ്ങൾക്കുള്ള ചോദനമാണ് കയറ്റുമതിയെ സൂചിപ്പിക്കുന്നത്. അതുപോലെ ഇറക്കുമതി എന്നത് ആഭ്യന്തര രാജ്യത്തിന്റെ വിദേശരാജ്യങ്ങളുടെ സാധനസേവനങ്ങൾക്കുള്ള ചോദനമാണ്. അങ്ങനെയെങ്കിൽ ഒരു തുറന്ന സമ്പദ്വ്യവസ്ഥയിലെ ദേശീയ വരുമാന സർവ്വസമത താഴെക്കാണുന്ന വിധം എഴുതാം.
Y + M = C + I + G + X
അതായത്
Y = C + I + G + X – M
Y + C + I + G + NX

അറ്റകയറ്റുമതി = കയറ്റുമതി – ഇറക്കുമതി
Net Exports = Exports – Imports
NX = X – M

ഇവിടെ NX അറ്റകയറ്റുമതിയെ സൂചിപ്പിക്കുന്നു. അറ്റകയറ്റുമതി പോസിറ്റീവായാൽ (കയറ്റുമതി ഇറക്കുമതിയെക്കാൾ കൂടുതൽ) വ്യാപാരമിച്ചവും (trade surplus) നെഗറ്റീവായാൽ (കയറ്റുമതി ഇറക്കുമതിയെക്കാൾ കുറവ്) വ്യാപാരകമ്മിയും (trade deficit) – ആണെന്ന് പറയാം.

Foreign Exchange Market

The price of our currency in terms of the other is known as exchange rate. This exchange rate is alson kown as nominal excahnge rate. The real exchange rate is the ratio of foreign to domestic prices measured in the same currency. This is defined as follows:
Real exchange rate = \(\frac{e P f}{P}\)
P is the domestic price of goods Pf is the price levels abroad. ‘c’ is the nominal exchange rate.