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Which of the following is a true statement about India Since 1951 ?
Answer: Option [D]The correct answer is National income has increased and per capita income has also increased but at a slower rate.
Answer: Option [D]The correct answer is National income has increased and per capita income has also increased but at a slower rate.
Answer: Option [B]The correct answer is 2004 - 2005. WPI tracks inflation at the producer level and CPI captures changes in prices levels at the consumer level. WPI does not capture changes in the prices of services, which CPI does. In WPI, more weightage is given to manufactured goods, while in CPI, more weightage is given to food items.
Answer: Option [D]The correct answer is It is basically a subject of the Central Government and the State Governments are only a facilitator for its successful implementation.
Answer: Option [C]The correct answer is It is the impact of the price levels of previous year on the calculation of inflation rate. The base effect relates to inflation in the corresponding period of the previous year, if the inflation rate was too low in the corresponding period of the previous year, even a smaller rise in the Price Index will arithmetically give a high rate of inflation now
Answer: Option [B]The correct answer is It is an intense affirmative action of the Government to boost economic activity in the country. Fiscal stimulus consists of attempts by governments or government agencies to financially stimulate an economy. An economic stimulus is the use of monetary or fiscal policy changes to kick start growth during a recession.
Answer: Option [A]Economic growth is usually coupled with inflation. Economic growth results in higher disposable income available with the consumers which increases the overall demand along with the supply available for the consumers. This increase in demand spurs inflation, which eventually becomes a necessary evil for a growing economy.
Answer: Option [A]Under increasing returns the supply curve is positively sloped from left to right. In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related.
Answer: Option [C]The correct answer is Excise duty. The excise duty's share in the total tax revenue which was 41.3% in 1991-92, declined to 25.1% in 2006-07 It is the most that has declined in the last 5 years. Corporation tax has maximum share followed by income tax. Service tax was introduced very late so it’s share would obviously increase.
Answer: Option [B]
Answer: Option [A]
