1251: In the estimation of expenditure charged on the Consolidated Fund of India, the Parliament has
(a) No power to discuss.
(b) Full power to discuss.
(c) Full power to discuss during financial emergency.
(d) None of the above
1252: Regarding the Indus Valley Civilization, consider the following statements:
1. It was predominantly a secular civilization and the religious element, though present, did not dominate the scene.
2. During this period, cotton was used for manufacturing textiles in India.
Which of the statements given above isl are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
1253: Consider the following statements :
1. The agreement on South Asian FreeTrade Area (SAFTA) came into effect from 1st December, 2005.
2. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5 percent by the year 2013.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Neither 1 nor 2
(d) Both 1 and 2
1254: Devaluation of a currency means
(a) reduction in the value of a currency vis-a-vis major internationally traded currencies
(b) permitting the currency to seek its worth in the international market
(c) fixing the value of the currency in conjunction with the movement in the value of a basket of predetermined currencies
(d) fixing the value of a currency in multilateral consultation with the IMF, the World Bank and major trading partners
1255: 'Buyers market' denotes the place where:
(a) The demand exceeds the supply
(b) The supply exceeds the demand
(c) The demand and supply are well balanced
(d) Commodities are available at competitive rates