Prelims

Consider the following statements:

1.Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries.
2.In terms of PPP dollars, India is the sixth largest economy in the world.
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

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

In the ‘Index of Eight Core Industries, which one of the following is given the highest weight?

With reference to Indian economy, consider the following statements :
(1) The rate of growth of Real Gross Domestic product has steadily increased in the last decade.
(2) The Gross Domestic product at market prices (in rupees) has steadily increased in the last decade.
Which of the statements given above is/are correct?

A decrease in tax to GDP ratio of a country indicates which of the following?
(1) Slowing economic growth rate
(2) Less equitable distribution of national income
Select the correct answer using the code given below.

The national income of a country for a given period is equal to the

In India the overall Index of Industrial Production, the Indices of Eight Core Industries have combined weight of 37.90%. Which of the following are among those Eight Core Industries? 1. Cement 2. Fertilizers 3. Natural Gas 4. Refinery products 5. Textiles Select the correct answer using the code given below: