23.4 ndian onom
3. The main idea behind inclusive 12. Consider the following statements about
growth is to include SCs, STs, OBCs, ‘effective revenue deficit’:
minorities and women in the country’s 1. “Effective revenue deficit is a Western
development process. idea of public finance management,
4. The 3rd Generation of Economic which India used it for the first time in
Reforms runs parallel to the idea of the Union Budget 2011–12.
inclusive growth. 2. It is a modified kind of revenue deficit
Select the correct statements using the code which excludes that part of revenue
given below: deficit by which assets have been
(a) 1, 2 and 3 created.
(b) 2, 3 and 4 Select the correct statements using the code
(c) 1, 3 and 4 given below:
(d) 1, 2 , 3 and 4 (a) Only 1
(b) Only 2
10. ‘Bad bank’ was recently in news—select the
statements correct about it, using the code (c) 1 and 2
given below: (d) Neither 1 nor 2
1. It is a bank which buys the bad loans of 13. Consider the following statements about
the banks ‘farm subsidies’ in India.
2. Government of India is presently 1. The input subsidies in India such as
consider to set up such a bank. on fertilizers fall under indirect farm
3. It will help India come out of the twin subsidies.
balance sheet problem. 2. Reduction in power and irrigation bills
Code: offered to farmers fall under direct
farm subsidies.
(a) 1 and 2
3. The agricultural provisions of the
(b) 2 and 3
WTO though allow direct farm
(c) 1 and 3 subsidies, prohibits indirect subsidies.
(d) 1, 2 and 3 4. All subsidies forwarded by the
11. LoU (Letter of Undertaking) was recently governments in India fall under the
in news. Select the correct statement(s) indirect category.
about it by using the code given below: Select the correct statements using the code
1. It is issued by a customer in the name of given below:
a bank or financial institution. (a) 1 and 2
2. It guarantees the creditworthiness of the (b) 2 and 3
drawee of the LoU.
(c) 3 and 4
Code:
(d) 1 and 4
(a) Only 1
(b) Only 2 14. Consider the following statements related
to the Bilateral Investment Promotion and
(c) 1 and 2 both
Protection Agreement (BIPA).
(d) Neither 1 nor 2