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Consider the following statements about the GDP Deflator. 1. GDP deflator is the ratio of nominal GDP to real GDP. 2. GDP deflator indicates the change in the price level between the base year and the current year. 3. While calculating GDP deflator, the volume of production is considered as fixed. Which of statements given above is/are correct?
The UNCTAD reported on the contributions of the private sector to global GDP recently. In this context, consider the following statements:
1. The public sector debt constitutes a greater part of GDP than the private sector debt.
2. The UNCTAD predicts that the private sector will enable the achievement of Sustainable Development Goals by 2030.
Which of the above statements is/are true?
The FAO accords the status of 'Globally Important Agricultural Heritage System (GIAHS)' to traditional agricultural systems. What is the overall goal of this initiative? 1. To provide modern technology, training in modern farming methods and financial support to local communities of identified GIAHS so as to greatly enhance their agricultural productivity 2. To identify and safeguard eco-friendly traditional farm practices and their associated landscapes, agricultural biodiversity and knowledge systems of the local communities. 3. To provide Geographical Indication status to all the varieties of agricultural produce in such identified GIAHS. Select the correct answer using the code given below:
As per the NSSO 70th Round "Situation Assessment Survey of Agricultural Households", consider the following statements: 1. Rajasthan has the highest percentage share of agricultural households among its rural households. 2. Out of the total agricultural households in the country, a little over 60 percent belong to OBCs. 3. In Kerala, a little over 60 percent of agricultural households reported to have received maximum income from sources other than agricultural activities. Which of the statements given above is/are correct?
RBI set up the Agricultural Refinance Corporation (ARC) in 1963 to work as a refinancing agency in providing medium term and long-term agricultural credit to support investment credit needs for agricultural development. In 1975, ARC was renamed as Agriculture Refinance and Development Corporation (ARDC) to give focused attention to credit offtake, development and promotion of the agricultural sector. Ultimately, NABARD was set by RBI in 1982 whose main function is that it:
Consider the following statements 1. The important contribution of the Green Revolution in the agricultural sector in India has been to increase the production of crops. 2. The services sector currently contributes the most to the GDP of the Indian economy. Which of the above statements is / are correct?
In a question below is given a statement followed by two inferences. Inference are logical conclusions from premises known or assumed to be true. You have to decide which inference can be formed from the given statement. Statement: Among the salaried people in a city, 40% of private sector employees are male members whereas 60% of population in the city is working in a private sector and 40% of government sector employees are females. Inference: I) Number of men working in private sector is equal to number of men working in government sector. Inference: II) Population of working women in the city is 60% of the total salaried population.
Identify the sector(s) of the Indian Economy which are the most affected by the Covid Pandemic: (a) MSME sector (b) Aviation sector (c) Tourism and Hospitality sector (d) Telecommunication sector
Statement : Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks.

Courses of Action :
I. The case should be raised before the regulatory authority for investigation by the public sector banks as they cannot follow such reduction.
II. Public sector banks must adopt such policy to remain in competition.
III. The public sector banks should advertise their special feature repeatedly so that they do not lose their future customers.
Which of the following statements is/are incorrect? a) GNP is defined as the value of output minus the value of intermediate consumption and is a measure of the contribution to GDP made by an individual producer, industry, or sector. b) GDP is the monetary value of all finished goods and services produced within a country during a period of one year. c) GVA is the monetary value of all finished goods and services produced by a country's residents during a period of one year.