Economic growth is usually coupled with?
Economic growth is usually coupled with? [UPSC Civil Services Exam – 2011 Prelims] (a) Deflation (b) Inflation (c) Stagflation (d) Hyperinflation Answer: (b) Explanation: Deflation Occurs when asset and consumer prices fall over time. Negative inflation rate. Often used to express a declining economy. Real interest rates become too high. Increases the burden of debt […]
Which one of the following is not a feature of “Value Added Tax”?
Which one of the following is not a feature of “Value Added Tax”? [UPSC Civil Services Exam – 2011 Prelims] (a) It is a multi point destination based system of taxation. (b) It is a tax levied on value addition at each stage of transaction in the production-distribution chain. (c) It is a tax on […]
India has experienced persistent and high food inflation in the recent past. What could be the reasons? Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%. As a consequence of increasing incomes, the consumption patterns of the people have undergone a significant change. The food supply chain has structural constraints. Which of the statements given above are correct?
India has experienced persistent and high food inflation in the recent past. What could be the reasons? Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%. As a consequence of increasing incomes, the consumption […]
With what purpose is the Government of India promoting the concept of “Mega Food Parks”? To provide good infrastructure facilities for the food processing industry. To increase the processing of perishable items and reduce wastage. To provide emerging and eco-friendly food processing technologies to entrepreneurs. Select the correct answer using the codes given below:
With what purpose is the Government of India promoting the concept of “Mega Food Parks”? To provide good infrastructure facilities for the food processing industry. To increase the processing of perishable items and reduce wastage. To provide emerging and eco-friendly food processing technologies to entrepreneurs. Select the correct answer using the codes given below: [UPSC […]
A “closed economy” is an economy in which
A “closed economy” is an economy in which [UPSC Civil Services Exam – 2011 Prelims] (a) the money supply is fully controlled (b) deficit financing takes place (c) only exports take place (d) neither exports nor imports take place Answer: (d) Explanation: A closed economy is characterized by the absence of trade with other economies. […]
Among the following who are eligible to benefit from the “Mahatma Gandhi National Rural Employment Guarantee Act”?
Among the following who are eligible to benefit from the “Mahatma Gandhi National Rural Employment Guarantee Act”? [UPSC Civil Services Exam – 2011 Prelims] (a) Adult members of only the scheduled caste and scheduled tribe households (b) Adult members of below poverty line (BPL) households (c) Adult members of house holds of all backward communities […]
In the context of Indian economy, consider the following statements: The growth rate of GDP has steadily increased in the last five years. The growth rate in per capita income has steadily increased in the last five years. Which of the statements given above is/are correct?
In the context of Indian economy, consider the following statements: The growth rate of GDP has steadily increased in the last five years. The growth rate in per capita income has steadily increased in the last five years. Which of the statements given above is/are correct? [UPSC Civil Services Exam – 2011 Prelims] (a) 1 […]
Which one of the following statements appropriately describes the “fiscal stimulus”?
Which one of the following statements appropriately describes the “fiscal stimulus”? [UPSC Civil Services Exam – 2011 Prelims] (a) It is a massive investment by the Government in manufacturing sector to ensure the supply of goods to meet the demand surge caused by rapid economic growth (b) It is an intense affirmative action of the […]
The lowering of Bank Rate by the Reserve Bank of India leads to
The lowering of Bank Rate by the Reserve Bank of India leads to [UPSC Civil Services Exam – 2011 Prelims] (a) More liquidity in the market (b) Less liquidity in the market (c) No change in the liquidity in the market (d) Mobilization of more deposits by commercial banks Answer: (a) Explanation: Bank Rate It […]
Why is the offering of “teaser loans” by commercial banks a cause of economic concern? The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future, In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units. Which of the statements given above is/are correct?
Why is the offering of “teaser loans” by commercial banks a cause of economic concern? The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future, In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or […]
