Qualitative credit (used by the RBI for selective purposes) are: Margin requirements, Consumer Credit Regulation, RBI Guidelines, Rationing of credit, Moral Suasion and Direct Action. The Quantitative Credit measures which control the total quantity of credit are: Bank Rate policy, Open Market Operations, Cash Reserve Ratio and Statutory Liquidity Ratio.

Correct Option: C

Qualitative credit (used by the RBI for selective purposes) are: Margin requirements, Consumer Credit Regulation, RBI Guidelines, Rationing of credit, Moral Suasion and Direct Action. The Quantitative Credit measures which control the total quantity of credit are: Bank Rate policy, Open Market Operations, Cash Reserve Ratio and Statutory Liquidity Ratio.

July–December corresponds to the main agricultural season in India, while January–June is a relatively ‘slack’ season. Since more than 50% of India’s workforce is engaged in agriculture sector, the slackness of this sector imparts sluggishness to the entire economy.

Correct Option: C

July–December corresponds to the main agricultural season in India, while January–June is a relatively ‘slack’ season. Since more than 50% of India’s workforce is engaged in agriculture sector, the slackness of this sector imparts sluggishness to the entire economy.

One of the important fiscal measures undertaken by governments to check inflation is to cut personal consumption expenditure. It is done by raising the rates of personal, corporate and commodity taxes and even levying new taxes. The government can also reduce unnecessary expenditure on non-development activities in order to curb inflation.

Correct Option: A

One of the important fiscal measures undertaken by governments to check inflation is to cut personal consumption expenditure. It is done by raising the rates of personal, corporate and commodity taxes and even levying new taxes. The government can also reduce unnecessary expenditure on non-development activities in order to curb inflation.

In its report, McKinsey Global Institute (MGI) estimated that 680 million Indians, or 56 per cent of the population, lacks the means to meet their essential needs. It proposed a new “empowerment line” that aims to measure the minimum economic cost for a household to fulfill eight most basic needs .

Correct Option: B

In its report, McKinsey Global Institute (MGI) estimated that 680 million Indians, or 56 per cent of the population, lacks the means to meet their essential needs. It proposed a new “empowerment line” that aims to measure the minimum economic cost for a household to fulfill eight most basic needs .

Maruti Udyog Ltd. came into being in the year 1982 when Suzuki Motor Corporation (SMC) entered into a joint venture with Government of India to manufacture fuel-efficient passenger cars under the brand name Maruti. Maruti cars, based on Japanese philosophy for super-efficient manufacturing, brought about the renaissance of the Indian components industry.

Correct Option: A

Maruti Udyog Ltd. came into being in the year 1982 when Suzuki Motor Corporation (SMC) entered into a joint venture with Government of India to manufacture fuel-efficient passenger cars under the brand name Maruti. Maruti cars, based on Japanese philosophy for super-efficient manufacturing, brought about the renaissance of the Indian components industry.