If the total size of the economy is growing year after year, it implies that

1.GDP growth rate must be increasing steadily year after year.
2.Gross Capital formation in the economy must be increasing year after year.
Which of the above statements is/are incorrect?

Consider the following statements regarding Incremental Capital-Output Ratio (ICOR).

1.The incremental capital output ratio (ICOR) denotes the relationship between the level of investment made in the economy and the consequent increase in the gross domestic product (GDP).
2.The higher the ICOR, the higher the productivity of capital.
3.In the last ten years, the ICOR has seen substantial decline in India.
Which of the above statements is/are correct?

Which of the following expenditure by the Government are considered as Transfer payments?

1.Universal Basic Income.
2.Subsidies paid to farmers
3.Conditional cash transfers
Select the correct answer code:

Which of the following is/are part of the Personal Disposable Income?

1.Non-tax Payments such as fines
2.Corporate Tax.
3.Personal Tax Payments.
4.Net Interest payments made by households
Select the correct answer code:

Consider the following statements regarding GDP deflator.

1.GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year.
2.Unlike the CPI, the GDP deflator is not based on a fixed basket of goods and services.
3.When GDP deflator is negative, it necessarily means that there is inflation in the economy.
Which of the above statements is/are correct?

With reference to the government expenditure in India, which of the following constitutes Transfer Payments?

1.The payments which are made by the government to its employees.
2.The Interest payments made to foreign countries on loans taken.
3.The payments which are made as financial aid in a social welfare programme.
Select the correct answer code:

Consider the following statements regarding Off-budget borrowing.

1.Off-budget borrowings are loans taken by any public institution on the directions of the central government.
2.Off-budget borrowing helps keep the country’s fiscal deficit within acceptable limits.
3.Off-budget financing is not part of the calculation of the fiscal indicators and does not have any fiscal implications.
4.Public sector banks can fund off-budget expenses.
Which of the above statements is/are correct?

Consider the following statements regarding Anti-Dumping Duty.

1.An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.
2.In India, Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce & Industry conducts anti-dumping investigations.
Which of the above statements is/are correct?

Consider the following statements regarding Non-Banking Financial Companies (NBFCs).

1.All the NBFCs are regulated by RBI.
2.The designation of ‘Systematically Important’ is applicable for Banks and not for NBFCs.
Which of the above statements is/are correct?

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