IAS 2001 — Economy

Assertion (A): Ceiling on foreign exchange for a host of current account transaction heads was lowered in the year 2000. Reason (R): There was a fall in foreign currency assets also.

Consider the following statements regarding Reserve Bank of India: 1. It is a banker to the Central Government 2. It formulates and administers monetary policy 3. It acts as an agent of the Government in respect of India 4. It handles the borrowing programme of Government of India Which of these statements are correct?

The term National Income represents:

Consider the following: 1. Market borrowing 2. Treasury bills 3. Special securities issued to RBI Which of these is/are component(s) of internal debt?

The prices at which the government purchases food grains for maintaining the Public Distribution System and for building up buffer stock is known as:

Match List I with List II and select the correct answer using the codes given below the lists: | List-I (Term) | | List-II (Explanation) A. | Fiscal deficit | 1. | Excess of Total Expenditure over Total Receipts B. | Budget deficit | 2. | Excess of Revenue Expenditure over revenue receipts C | Revenue deficit | 3 | Excess of Total Expenditure over Total Receipts less borrowings D. | Primary deficit | 4. | Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

The most appropriate measure of economic growth is:

Consider the following taxes: 1. Corporation Tax 2. Customs Duty 3. Wealth Tax 4. Excise Duty Which of these is/are indirect taxes?

The Union Budget 2000 awarded a Tax Holiday for the North-Eastern Region to promote industrialisation for: