
Consider the following statements:
The functions of commercial banks in India include:
1. Purchase and sale of shares and securities on behalf of customers.
2. Acting as executors and trustees of wills.
Which of the statement(s) given above is/are correct?


Important Questions on Indian Economy
In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years?

Consider the following statement:
In India, taxes on transactions in stock exchanges and futures markets are_____.
. Levied by the union.
. Collected by the states.
Which of the statement(s) given above is/are correct?


Consider the following statements:
1. The Union Government fixes the statutory minimum price of sugarcane for each sugar season.
2. Sugar is essential commodities under the Essential Commodities Act.
Which of the statement(s) given above is/are correct?

With reference to Indian economy, consider the following statements:
The Gross Domestic Product (GDP) has increased by four times in the last years.
The percentage share of public sector in GDP has declined in the last years.
Which of the statement(s) given above is/are correct?

The International Development Association, a lending agency, is administered by the _____.


In order to comply with the TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration and Protection) Act; 1999. The difference/ difference between a 'Trade Mark' and a Geographical Indications is/ are:
1. A trademark is an individual or a company's right whereas a geographical indication is a community's right.
2. A trademark can be licensed whereas a geographical indication cannot be licensed.
3. A trademark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicraft only.
Which of the statement(s) given above is/are correct?
