Category: 2. TGT (Arts) HP

When poverty measurement changes from calorie norms to consumption-based baskets, the main purpose is to capture A Only food prices

When poverty is calculated using consumption spending instead of income, the main reason is that income A Is always tax-free

In economics, poverty is most commonly understood as a situation where a person A Has low savings B Lives in

A major reform step to reduce government burden in running businesses was to promote A Full price controls B Closed

If the exchange rate is kept fixed while allowing free capital flows, the policy that becomes hardest to control is

In 1991, the immediate trigger that pushed India toward reforms was largely a shortage of A Domestic food grains B

In the early 1990s reform phase, “stabilization” policies mainly focused on A Expanding subsidies rapidly B Increasing import bans C

India started major economic reforms in 1991 mainly because it faced A High food surplus B Large gold discoveries C

If India’s service share in GDP rises mainly because agriculture prices grow slower while service prices rise faster (with quantities

When the service sector’s share in GDP rises mainly due to faster growth in output value than other sectors, it