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551. Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : India has been having large trade deficit. Reason (R) : The value of exports has declined in recent years.
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is the not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
552. Devaluation means
A. converting rupees into gold
B. lowering of the value of one currency in comparison of some foreign currency
C. making rupee dearer in comparison to some foreign currency
D. None of these
Explanation:
553. The Econimic and Social Commission for Asia and Pacific (ESCAP) is located at
A. Kuala Lumpur
B. Bangkok
C. Manila
D. Singapore
Explanation:
554. Thesoft loan affiliate of the World Bank is
A. Asian Development Bank
B. International Monetary Fund
C. International Development Association
D. International Bank for Reconstruction and Development
Explanation:
555. Which of the following is not true about vote-on-account ?
A. It is a budget presented in the Parliament to cover the deficit left by the last budget.
B. It does not allow the Government to set for the economic policies of the new plan which starts from April 1.
C. It prevents the Government from imposing fresh taxes or withdrawing old one.
D. This allows the Government to withdraw an amount for a period with the consent of Parliament.
Explanation:
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