- A. Free vaccines provided by the government
- B. Defence services provided by the military
- C. Purchase of railway ticket by an individual
- D. Street light installed by a city municipality
A public good is non-rivalrous and non-excludable. Free vaccines provided by the government, defence services, and street lights are public or merit/publicly provided goods/services. However, the purchase of a railway ticket by an individual is a private purchase for a specific service, so it does not represent a public good. Hence, option (c) is correct.
- A. fixed
- B. flexible
- C. managed floating
- D. fixed floating
Under a flexible exchange rate system, the exchange rate is determined by the market forces of demand and supply. Therefore, the correct option is (b) flexible. In fixed exchange rate, the rate is fixed by the government/central bank; managed floating is only partially market-determined with intervention.
- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
Statement 1 is false because during a deflationary gap, the Central Bank usually reduces the repo rate to encourage borrowing and increase aggregate demand, not increase it. Statement 2 is true because when the Central Bank purchases Government Securities in the open market, it injects money into the economy and helps remove the deflationary gap. Hence, option (b) is correct.
- A. 25°
- B. 45°
- C. 55°
- D. 75°
The 45° line in the Keynesian framework is a line drawn at an angle of 45° from the origin. It represents points where aggregate expenditure equals aggregate income. Therefore, option (b) is correct.
- A. revenue
- B. fiscal
- C. trade
- D. primary
Fiscal deficit is the excess of total expenditure over total receipts excluding borrowings. Here, total expenditure = 45 lakh crore and total receipts (other than borrowings) = 20 lakh crore, so fiscal deficit = 45 - 20 = 25 lakh crore. Hence, option (b) fiscal deficit is correct.
- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
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Log in to view solution →- A. consumption, investments
- B. investments, savings
- C. consumption, savings
- D. savings, exports
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Log in to view solution →- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
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Log in to view solution →- A. Excess of receipts on current account over the payments on current account.
- B. Equality of receipts on current account and payments on current account.
- C. Excess of payments on current account over receipts on current account.
- D. Excess of payments on current account over receipts on capital account.
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Log in to view solution →- A. Crops
- B. Agricultural Production
- C. Sectoral Composition
- D. Employment
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Log in to view solution →- A. 6
- B. 7
- C. 8
- D. 9
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Log in to view solution →- A. The Rural Banking system in India consists of a set of multi-agency institutions.
- B. In the post-independence period, a well-structured Rural Banking system was formulated in India.
- C. Regional Rural Banks, Cooperative and Land Development Banks are components of the Rural Banking system in India.
- D. The Rural Banking system in India works under the guidance, instruction and supervision of the State Bank of India.
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Log in to view solution →- A. Environment provides resources.
- B. Environment absorbs wastage.
- C. Environment sustains life.
- D. Environment deteriorates quality of life.
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Log in to view solution →- A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
- B. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
- C. Assertion (A) is true, but Reason (R) is false.
- D. Assertion (A) is false, but Reason (R) is true.
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- B. Informal
- C. Formal
- D. Jobless
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Log in to view solution →- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and Statement 2 is true.
- C. Both Statements 1 and 2 are true.
- D. Both Statements 1 and 2 are false.
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Log in to view solution →- A. Statement 1 is true and Statement 2 is false.
- B. Statement 1 is false and
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Log in to view solution →- A. Dual pricing policy
- B. Commune system
- C. Import substitution
- D. Great Proletarian Cultural Revolution
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Log in to view solution →Sectoral Share of Employment and GVA (%) in 2018 19 Sector Contribution to GVA Distribution of Workforce India China Pakistan India China Pakistan Agriculture 16 7 24 43 26 41 Industry 30 41 19 25 28 24 Services 54 52 57 32 46 35 Total 100 100 100 100 100 100
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Log in to view solution →China underwent substantial policy changes to stimulate their economy. sectors. However, India had to wait much longer for its economic after the economic reforms of 1991, which were implemented out of compulsion.
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Log in to view solution →The Labour Force Participation Rate (LFPR) measures the percentage of the population either employed or actively seeking employment in a nation. In India, the labour force grew by 99.2 million persons between 2000 and 2019. The labour force grew from 396.3 million to 495.5 million. During 2012 to 2019, the labour force grew without a matching increase in employment, leading to higher unemployment. The global average of 47.3%. During 2000 to 2019, rural LFPR declined by 14.1%, compared to a 3.5% decline in urban areas. This trend reversed between 2019 and 2022, with rural LFPR increasing by 6% (especially among rural women) and urban labour market participation, particularly in rural areas. This significantly affected the overall LFPR. Women join the workforce during economic hardships and move out when conditions improve.
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Log in to view solution →The Labour Force Participation Rate (LFPR) measures the percentage of the population either employed or actively seeking employment in a nation. In India, the labour force grew by 99.2 million persons between 2000 2019. The labour force grew from 396.3 million to 495.5 million. During 2012 2019, the labour force grew without a matching increase in employment, leading to higher unemployment. the global average of 47.3%. During 2000 2019, rural LFPR declined by 14.1%, compared to a 3.5% decline in urban areas. This trend reversed between 2019 2022, with rural
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Log in to view solution →The Labour Force Participation Rate (LFPR) measures the percentage of the population either employed or actively seeking employment in a nation. In India, the labour force grew by 99.2 million persons between 2000 and 2019. The labour force grew from 396.3 million to 495.5 million. During 2012 to 2019, the labour force grew without a matching increase in employment, leading to higher unemployment. The global average of 47.3%. During 2000 to 2019, rural LFPR declined by 14.1%, compared to a 3.5% decline in urban areas. This trend reversed between 2019 and 2022, with rural LFPR increasing by 6% (especially among rural women) and urban labour market participation, particularly in rural areas. This significantly affected the overall LFPR. Women join the workforce during economic hardships and move out when conditions improve.