211: Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?
(a) The Reserve Bank of India
(b) The Department of Economic Affairs
(c) The Labour Bureau
(d) The Department of Personnel and Training
212: The range of Agni-II missile is around
(a) 500 km
(b) 2000 km
(c) 3500 km
(d) 5000 km
Explanation:
Agni is a surface to surface, intermediate range ballistic missile.
Agni - I : 700 km (Range) Agni - II : 2000 km (Range) Agni - III : 3500 km (Range)
213: Consider the following statements :
Regional disparities in India are high and have been rising in recent years because
I. there is persistent investment over time only in select locales.
II. some areas are agro-climatically less conducive to development.
III. some areas continue to face little or no agrarian transformation and the consequent lack of social and economic opportunities.
IV. some areas have faced continuous political instability.
Which of the above statements are correct ?
(a) I, II and III
(b) I, II and IV
(c) I, III and IV
(d) II, III and IV
Explanation:
Investment in select areas, Agro-climatic variations, Little or no agrarian transformation are the main reasons for regional disparities in India.
214: A Person is sitting in a car which is at rest. The reaction from the road at each of the four wheels of the Car is R. When the car runs on a straight level road, how will the reaction at either of the front wheels vary ?
(a) It will be greater than R
(b) It will be less than R
(c) It will be equal to R
(d) It shall depend on the material of the road.
215: Consider the following actions by the Government:
1. Cutting the tax rates
2. Increasing the government spending
3. Abolishing the subsidies
In the context of economic recession, which of the above actions can be considered a part of the "fiscal stimulus" package ?
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Explanation:
Fiscal Stimulus - Government measures, normally involving increased public spending and lower taxation, aimed at giving a positive jolt to economic activity.
or, The two main ways of providing fiscal stimulus are:
1. Tax Cuts : By cutting taxes, the government allows people to keep more in their pockets and utimately spend more. This increases Consumption in the above equation.
2. Government Spending : Direct government spending in infrastructure, social welfare or other such things increases the Government Spending in the above equation and helps boost the GDP.