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The given statements state the differences between economic development and economic growth. Which of the following statement is correct?  I. Economic growth is single-dimensional whereas economic development is multi-dimensional. II. Economic growth is measurable, but economic development cannot be precisely measured. 
Given below are four jumbled sentences. Select the option that gives their correct order. The United States and all other modern industrial economies experience significant swings in economic activity. Periods of economic prosperity are typically called expansions or booms; periods of economic decline are called recessions or depressions.  The combination of expansions and recessions, the ebb and flow of economic activity, is called the business cycle. In some years, most industries are booming and unemployment is low; in other years, most industries are operating well below capacity and unemployment is high.
Given below are six sentences of a  passage. The first and sixth sentences are given in the beginning as S1 and S6. The middle four-sentence in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences. S1: In a globalised world, no country can hope to impose tariffs without affecting its own economic interests. S6: The ongoing trade war also threatens the rules-based global trade order which has manages to amicably handle trade disputes between countries for decades. P: So both the U.S. and China, which have blamed each other for the ongoing trade war, are doing no good to their own economic fortunes by engaging in tit-for-tat tariff battle. Q: Apart from disadvantaging its consumers, who will have to pay higher prices for certain goods, tariffs will also disrupt the supply chain of producers who rely on foreign imports. R: China, which is fighting an economic showdown, will be equally affected. S: The minutes of the U.S. Federal Reserve June policy meeting show that economic uncertainty due to the trade war is already affecting private investment in the U.S., with many investors deciding to scale back or delay their investment plans.
Jet airlines have business and economic class in planes to New York. On 2nd of Jan, number of passengers in business and economic class were 3 : 7.the fare charged for business to economic class is in the ratio 5 : 3. If the total fare collected from these classes were Rs. 241920, how much fare was collected from economic class?
Each item consists of six sentences of a passage. The first and sixth sentences are given in the beginning as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and markyour response accordingly on the Answer Sheet.
S1 :In a globalized world, no country can hope to impose tariffs without affecting its own economic interests.
S6 :The ongoing trade war also threatens the rules-based global trade order which has managed to amicably handle trade disputes between countries for decades.
P :So both the U.S. and China, which have blamed each other for the ongoing trade war, are doing no good to their own economic fortunes by engaging in this tit-for-tat tariff battle.
Q : Apart from disadvantaging its consumers, who will have to pay higher prices for certain goods, tariffs will also disrupt the supply chain of producers who rely on foreign imports.
R : China, which is fighting an economic slowdown, will be equally affected.
S :The minutes of the U.S. Federal Reserve June policy meeting show that economic uncertainty due to the trade war is already affecting private investment in the U.S., with many investors deciding to scale back or delay their investment plans
The correct sequence should be
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The economic condition continues to be critical even after a good harvest season.

Assumptions :
I. The economic condition was not critical before the harvest season.
II. The economic condition could not have improved without a good harvest season.
III. The economic condition was expected to improve after a good harvest season.
The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph. P: Recession can be defined as a significant decline in general economic activity extending over a period of time.  Q: For example, waking up to find firms and industries downsizing their workforce, prices of basic commodities rising by the minute, cost of healthcare being far from affordable, crime rate and insecurity being the only topic of the day due to the super high cost of living. R: Many professionals and experts around the world believe that a true economic recession can only be confirmed if GDP (Gross Domestic Product) growth is negative for a period of two or more consecutive quarters. S: As inevitable the recession might seem to be to the economic life of the world, its effects have proved to be more widespread and devastating than we can imagine them to be.  
In the following question, sentences of a paragraph have been jumbled and labelled as A, B, C, and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. A. Also, the changes in intergenerational relationships when they take the form of a decline in family support may lead some old people to a huge precariousness (Zhang, 2009). B. The increasing figures of the oldest old constitute an economic and health issue that is exacerbated in the present context of economic and social crisis in many societies. C. As indicated by Carstensen and Fried (2012), “population aging presents a cultural problem”. D. However, the social challenge related to old age is not limited to its economic and health dimensions.
What is often called economic globalization usually involves greater economic flows among different countries of the world. Choose the correct statements from the following about the features of economic globalization. 1. The restrictions imposed by different countries on allowing the imports of other countries have been reduced. 2. The restrictions on the movement of capital across the countries have been increased. 3. Developed countries carefully guarded their borders with visa policies to ensure that citizens of other countries cannot take away the jobs of their own citizens.
Consider the following statements regarding Multilateralism under WTO and choose the correct statement from the alternatives given below. 1. Custom Union is a form of economic integration involving two or more sovereign states with free trade among member states and common tariff policy on trade with non-member states. 2. Economic Union is a form of economic integration in which members have same currency.