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Assertion (A): The emergence of economic globalism does not imply the decline of socialist ideology.

Reason (R): The ideology of socialism believes in Universalism and globalism.

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Important Questions on Indian Economy

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Which of the following comes under Non-Plan expenditure?

1. Subsidies

2. Interest payments

3. Defence expenditure

4. Maintenance expenditure for the infrastructure created in the previous plans.

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National Income is the:

HARD
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The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year:

HARD
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Some time back, the Government of India decided to delicense the “White Good’s Industry”. White goods include:

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The misery index is the sum of a country's unemployment and inflation rate. The higher the index, the more miserable is the country to live in. The figure given below is the Misery Index for various countries in Europe:

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Which of the following conclusions can be drawn from the misery index given above?

1. Britain is the most miserable country to live in.

2. The inflation rate in Spain is less than that in Belgium and Britain.

3. Italy and France seem to have almost identical unemployment rate.

4. The higher the misery index, the higher the inflation rate.

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Which one of the following regions of the world supplies the maximum of our imported commodities (in terms of rupee value)?

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Consider the following statements :

The price of any currency in the international market is decided by the

1. World Bank.

2. Demand for goods/services provided by the country concerned.

3. Stability of the government of the concerned country.

4. Economic potential of the country in question of these statements.

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A consumer is said to be in equilibrium, if: