Prelims Marathon – Economics – August- 26 -2022

Which of the following committee emphasized on the small scale Industries for promoting rural development in India?

Who among the following was the first to discuss the concept of the ‘Poverty Line’ in India?

Consider the following statements regarding poverty estimation:
1. Tendulkar Committee was established to review the Rangrajan Committee report.
2. Rangrajan Committee only counted expenditure on food, health, education, and clothing.
Which of the above given statements is/are correct?

Trickle Down theory ignores the impact of economic growth on which of the following?

Consider the following statements about WTO’s Ministerial Conference:
1. It is the WTO’s top decision-making body that meets every 5th Year.
2. WTO members agreed to temporarily waive intellectual property patents on Covid-19 vaccines without the consent of the patent holder for 5 years.
Which of the statements given above is/are correct?

Consider the following statements about Gig Economy:
1. Gig workers as those engaged in livelihoods outside traditional employer-employee relationship.
2. At present more than 50% of gig workers in India are engaged in retail trade and sale.
Which of the statements given above is/are correct?

Which of the following is a step taken by RBI in response to falling Rupee?
1. State-run banks are usually instructed by the RBI to buy Dollars.
2. RBI is raises benchmark interest rates.
Select the correct answer using the codes given below:

Which of the statements given below is/are correct?
1. National Anti-profiteering Authority (NAA) was setup in 2020.
2. It ensures that GST rate reductions were passed on by firms to consumers and there was no profiteering.
Select the correct answer using the codes given below:

Consider the following statements about GST:
1. The Goods and Services Tax (GST) is a direct tax on the manufacture, sale, and consumption of goods and services throughout India except Jammu and Kashmir.
2. GST is applied to all goods other than crude petroleum, motor spirit, diesel, aviation turbine fuel, natural gas and alcohol for human consumption.
Which of the statements given above is/are correct?