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Globalisation is the process of rapid integration or interconnection between countries. Which of the following factors enable/influence the process of globalisation?
1. Increasing foreign trade.
2. Improvement in technology.
3. Reduction in trade barriers.
4. Need for skilled persons.
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Consider the following statements with reference to difference between factor cost and market prices:
1. Market prices are the prices as paid by the consumers and factor cost refers to the prices of products as received by the producers.
2. Market prices include product taxes minus subsides, and factor cost is equal to market prices minus net indirect taxes.
Which of the statements given above is/are correct?
With reference to Indian economy, which among the following were the measures undertaken by Indian Government to bring about revolution in agriculture?
1.
In context of LPG reforms ushered in the Indian economy AFTER 1991, consider the following statements:
1. The reform policies led to the establishment of private sector banks, Indian as well as foreign.
2. The financial sector was allowed to take decisions on many matters without consulting the RBI.
3. Foreign Institutional Investors (FIIs) were denied permission to invest in Indian financial markets.
Which of the statement(s) given above is/are correct?
The Budget documents presented to the Parliament, besides the Finance Minister’s Budget Speech, include:
1. Expenditure Budget.
2. Receipt Budget.
3. Expenditure Profile.
4. Output Outcome Monitoring Framework.
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The GDP of a country cannot be taken as an index of the welfare of the people of that country because:
1. The rise in GDP may be concentrated in the hands of very few individuals or firms.
2. Many activities in an economy are not evaluated in monetary terms.
3. It does not give information about the size of the economy.
4. Externalities do not have any market in which they can be bought and sold.
Which of the statements given above are correct?
The British introduced the railways in India in 1850 and it is considered as one of their most important contributions. In which of the following way(s) the railways affected the economic structure of the India?
1. It enabled people to break geographical and cultural barriers.
2. It fostered commercialisation of Indian agriculture.
Which of the statement(s) given above is/are correct?
Poverty is the lack of income and productive resources to ensure sustainable livelihoods. Which among the following are tools/methods used for estimation of poverty in India?
1. Sen Index
2. Poverty Gap Index
3. Gini Coefficient
4. Inverted Poverty Gap
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In 1950, the Planning Commission was set up with the Prime Minister as its Chairperson. The era of five-year plans had begun. Which of the statements given below correctly defines the goals of the five-year plans?
1.
In 1991, Indian government introduced a new set of policy measures which changed the direction of our economy. Which among the following were immediate reasons for such a landmark decision?
1.