With reference to Pre-Independence India 'Suhrawardy-Sarat Bose agreement' was
a. the list of demands given to Lord Curzon after partition of Bengal.
b. a representation in British Parliament against shifting of capital from Calcutta to Delhi.
c. a pact stating that Bengal would be an undivided sovereign state after transfer of power.
d. a peace agreement between Hindus and Muslims after Noakhali riots.
C
With reference to economy, the term fiscal cliff refers to:
a. Increased tax rates and reduced spending by the government.
b. Increased tax revenues for the government due to inflation.
c. Increase in fiscal deficit due to recession
d. Large external borrowings to finance a balance of payment crisis.
Option B is fiscal drag.
So i guess A is correct.
The Lipstick Effect, sometimes seen in news, refers to:A. An economic phenomenon in which consumers spend money on smaller indulgences or less costly luxury goods in times of recessions and economic downturnsB. An economic phenomenon where prices on consumer goods are insulated from effects of inflation on other sectors of the economyC. An economic phenomenon where consumerism leads to more expenditure on the health sectorD. A cultural phenomenon where an indigenous community conforms to a more dominant western cultural hegemony
A
