Gallant IAS (Official)

Consider the following;
1. Increase taxes
2. Borrowing from National Savings
3. Rationalisation of subsidies
4. Disinvestment of PSUs

Consider the following;
1. RBI is the independent authority for conducting monetary and fiscal policy in the best interests of the economy.
2. It acts as a banker to the commercial banks,Government of India, and also, to the state
governments.
3. RBI purchases government securities from general public in a bid to increase the stock of high-powered money in the economy.

Consider the following;
1. Free entry and exit of firms
2. Large numbers of buyers and sellers
3. No price controls
4. Each firm sells a homogeneous product
5. Buyers and sellers have complete knowledge of the market

Consider the following with reference to employment in India;
1. Self-employment is a major source of livelihood for both men and women as this category accounts for more than 50 per cent of the workforce.
2. When we compare the distribution of workforce in rural and urban areas, the self- employed and casual wage labourers are found more in rural areas than in urban areas.
3. The difference in participation rates of men and women is very large in urban than rural areas.

Consider the following with reference to post-1991 Indian economy;
1. The post 1991 India witnessed a rapid growth in GDP on a continual basis for two decades.
2. This growth is driven by all sectors of production.
3. The opening of the economy has led to a rapid increase in foreign direct investment and foreign exchange reserves.

Consider the following;
1. The profit level that is just enough to cover the explicit costs and opportunity costs of
the firm is called the normal profit.
2. Profit that a firm earns over and above the normal profit is called the super-normal profit.
3. The point on the supply curve at which a firm earns normal profit is called the break-even point of the firm.

Consider the following;
1.Constant returns to scale (CRS) is a property of production function that holds
when a proportional increase in all inputs results in an increase in output by the same proportion.
2. Increasing returns to scale (IRS) holds when a proportional increase in all inputs results in an increase in output by more than the proportion.
3. Decreasing returns to scale (DRS) holds when a proportional increase in all inputs results in an increase in output by less than the proportion.

Consider the following statements with reference to E V Ramaswamy Naicker;
1. He founded Self Respect Movement in Tamil Nadu with a vision to create a society where oppressed castes had equal human rights and opportunities.
2. He believed that untouchables had to free themselves from all religions in order to achieve social equality.
3. Periyar was an outspoken critic of Hindu scriptures, especially the Codes of Manu,
the ancient lawgiver, and the Bhagavad Gita and the Ramayana.