21: 'Broad-based Trade and Investment Agreement (BTIA)' is sometimes seen in the news in the context of negotiations held between India and
(a) European Union
(b) Gulf Cooperation Council
(c) Organization for Economic Cooperation and Development
(d) Shanghai Cooperation Organization
22: Who among the following Is NOT associated with medicine in India ?
(a) Dhanvantri
(b) Bhaskaracharya
(c) Charaka
(d) Susruta
23: Assertion (A) :
The rate of growth of India's exports has shown an appreciable increase after 1991.
Reason (R) :
The Government of India has resorted to devaluation.
(a) Both A and R are true, and R is the correct explanation of A
(b) Both A and R are true, but R is not a correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true
Explanation:
The Government of India resorted to devaluation in the year 1991 which led to increase in exports. Devaluation lowers the prices of domestic goods in the international market. Alongwith this some export promotion schemes were initiated to enhance the export growth rate in India.
24: The following Table shows the percentage distribution of revenue expenditure of Government of India in 1989-90 and 1994-95 :
Expenditure Head (percent to total)
Years 1989-90 1994-95
Defence 15.1 13.6
Interest Payments 27.7 38.7
Subsidies 16.3 8.0
Grants to States/UTs 13.6 16.7
Others 27.4 23.0
(a) reduce expenditure of defence
(b) spend more and more on interest payments
(c) reduce expenditure on subsidies
(d) spend more and more as grants-in-aid to State Governments/Union Territories
Explanation:
Indian economy is in poor shape because the Central Government continues to be under pressure to spend more and more on interest payments.
25: The term Digital Single Market Strategy seen in the news refers to
(a) ASEAN
(b) BRICS
(c) EU
(d) G20