A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”?

India has experienced persistent and high food inflation in the recent past. What could be the reason?

1. Due to a gradual switchover to the cultivation of commercial crops, the area under cultivation of food grains has steadily decreased in the last five years by about 30%.
2. As a consequence of increasing incomes, the consumption patterns of the people have undergone a significant change.
3. The food supply chain has structural constraints.

Which of the statements given above are correct?

In the context of global oil prices, “Brent crude oil” is frequently referred to in the news. What does this term imply?

1. It is a major classification of crude oil.
2. It is sourced from the north sea.
3. It does not contain sulphur.

Which of the statements given above is/are correct?

In the context of Indian economy consider the following statements :

1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.

Which of the statements given above is/are correct?

Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two?

A “closed economy” is an economy in which -

With reference to micro-irrigation, which of the following statements is/are correct?

1. Fertilizer/nutrient loss can be reduced.
2. It is the only means of irrigation in dryland farming.
3. In some areas of farming, the receding of the groundwater table can be checked.

Select the correct answer using the codes given below:

Which one of the following statements appropriately describes the “fiscal stimulus”?

Consider the following actions which the Government can take:

1. Devaluing the domestic currency.
2. Reduction in the export subsidy.

Which of the above action/actions can help in reducing the current account deficit?

Why is the offering of “teaser loans” by commercial banks a cause of economic concern?

1. The teaser loans are considered to be an aspect of subprime lending and banks may be exposed to the risk of defaulters in future.
2. 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?

In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to

In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

The lowering of Bank Rate by the Reserve Bank of India leads to -

Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are:

1. Credit facilities
2. Savings facilities
3. Insurance facilities
4. Fund Transfer facilities

Select the correct answer using the codes given below the lists:

With what purpose is the Government of India promoting the concept of “Mega Food Parks”?

1. To provide good infrastructure facilities for the food processing industry
2. To increase the processing of perishable items and reduce wastage
3. To provide emerging and eco-friendly food processing technologies to entrepreneurs

Select the correct answer using the codes given below:

Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)?

1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.
2. The Government no longer intends to retain the management control of the CPSEs.

Which of the statements given above is/are correct?

Which one of the following is not a feature of “Value Added Tax”?

Economic growth is usually coupled with -