Q. 26. Consider the following statements:
Other things remaining unchanged, a rise in the price of foreign exchange will lead to:
1. decrease in exports from India.
2. increase in Foreign Direct Investment (FDI) in India
3. increase in foreigner’s costs while purchaging products from India
Which of the statements given above is/are correct?
(A) 1 and 2 only
(B) 2 only
(C) 1 and 3 only
(D) 1, 2 and 3
Answer:
Explanation:
Q. 27. Consider the following statements with reference to the Geographical Indication (GI) Tags:
1. It is a public property belonging to the producers and not subject to licensing or transmission.
2. Once registered, it is valid for a period of 10 years.
Which of the statements given above is/are correct?
(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2
Answer:
Explanation:
Q. 28. With reference to the Off budget borrowings, consider the following statements:
1. It is a loan taken directly by the Central Government to fulfill its expenditure needs.
2. It is taken into account while calculating the fiscal deficit but not revenue deficit.
3. A State Government can raise money through off budget borrowing to meet its deficits.
Which of the statements given above is/are correct?
(A) 1 only
(B) 1 and 2 only
(C) 3 only
(D) 2 and 3 only
Answer:
Explanation:
Q. 29. Consider the following statements with reference to the Indian economy after 1991 economic reforms:
1. The female workforce participation rate has decreased.
2. The proportion of informal workers in total employment has remained constant.
Which of the statements given above is/are correct?
(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2
Answer:
Explanation:
Q. 30. Consider the following statements :
1. During inflation, real Gross Domestic Product (GDP) will always be less than nominal GDP.
2. Nominal GDP is used to compare a nation’s debt to its GDP.
3. The Government of India follows the Chain Base method of calculating Gross Domestic Product (GDP).
Which of the statements given above is/are correct?
(A) 1 and 2 only
(B) 2 only
(C) 3 only
(D) 2 and 3 only
Answer:
Explanation: