441: Assertion (A):
Devaluation of a currency may promote export.
Reason (R):
Price of the country's products in the international market may fall due 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:
Devaluation of a currency promotes exports as it lowers the value of domestic products in the international market.
442: Health hazard floods are responsible for the spread of:
(a) Cholera
(b) Malaria
(c) Influenza
(d) Diarrhoea
443: Consider the following statements:
1. MMTC Limited is India's largest international trading organization.
2. Neelachal Ispat Nigam Limited has been set up by MMTC jointly with the Government of Orissa.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Explanation:
MMTC Limited is India's largest trading company with an annual business turnover of US $ 7 billion. it is the largest exporter of minerals and Ores from India, leading exporter/importer of Agro commodities, single largest importer/supplier of Bullion, a major player in Coal and Hydrocarbons and Non-Ferrous Metals imports by the country and one of India's Largest buyers of Finished Fertilizers and Fertilizer Raw Materials. As a strategy to diversify and add value to its trading operations, MMTC has set up Neelanchal Ispat Nigam Limited (NINL) - an iron and steel plant of 1.1 million tonne capacity and a 0.8 million tonne coke oven plan with captive power plant,s jointly with the Government of Orissa at a total capital outlay of nearly Rs. 2000 Crore.
444: Assertion (A):
Fiscal deficit is greater than budgetary deficit.
Reason (R):
Fiscal deficit is the borrowings from the Reserve Bank of India plus other liabilities of the Government to meet its expenditure.
(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:
Fiscal deficit = Budget deficit + Government borrowings and other liabilities of the government.
Budget deficit = Total expenditure - Total receipts (or)
Budget deficit = Revenue deficit + Capital deficit.
Fiscal deficit is greater than Budgetary deficit.
445: Gasohol is mixture of gasoline and ............
(a) Ethyl alcohol
(b) Methyl alcohol
(c) Kerosene
(d) Butyl alcohol