Assertion (A): Fiscal deficit is greater than budgetary deficit.
Reason (R): Fiscal deficit is the borrowing from the Reserve Bank of India plus other liabilities of Government to meet it’s expenditure.
Important Questions on Indian Economy
Which one of the following countries occupies the first place in the 'Global Competitive Report' of World Economic Forum in 1999?
In an open economy, the National Income (Y) of the economy is (C, I, G, X, M, Y stand for Consumption, Investment, Government Expenditure, Total Exports Total Imports, and National Income respectively.):
Match List-I with List-II and select answer using the codes given below the lists:
| List I | List II |
| A. Boom | 1. Business activities are at a high level with increasing income, output and employment at the macro level. |
| B. Recession | 2. Gradual fall of income, output and employment with business activity in a low gear. |
| C. Depression | 3. Unprecedented level of underemployment and unemployment, drastic fall in income, output and employment. |
| D. Recovery | 4. Steady rise in the general level of prices, income, output and employment |
The Per Capita Income in India was Rs.20 in 1867-68 was ascertained for the first time by:
Assertion (A):The rate of growth of India's exports has shown an appreciable increase after 1991.
Reason (R): The Government of India has resorted to devaluation.
Match List-I with List-II and select the correct answer using the codes given below the lists:
| A. UN Development Programme | 1. Indian Human Development Report |
| B. NCAER | 2. Indian Development Report |
| C. Indira Gandhi Institute Research | 3. World Development Report of Development |
| D. World Bank | 4. Human Development Report |
