Question
With reference to the service sector in India, which of
the following statements is/are incorrect?   I.  The share of Services in GVA has been steadily rising for the last 5 years.   II.  Software exports comprise nearly half of total services exports from India.Solution
According to different estimates the share of Services in GVA has fluctuated in the last 5 years (partially owing to the Pandemic and to government efforts to boost manufacturing).
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T) Â
Tax Function: T = T0 + tY Â
I...
Which of the following are features of India's Green Revolution from the mid-1960s to the mid-1980s?
(1) Increase in crop productivity
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on n = 16 observations, we ha...
Which of the following statements are correct about trilemma in monetary policy
A. It is related to closed economy model.
B. It involves...
Which branch of economics deals with the study of the economic activities of individual units?
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on n = 16 observatio...
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
________ was an important growth strategy adopted by India prior to 1991.
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T)
Tax Function: T = T0 + tY
Income...
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