The most appropriate measure of a country's economic growth is its per capita real income. Per capita income is average income, a measure of the wealth of the population of a nation. It is used to measure a country's standard of living thus a better indicator of economic growth.

Correct Option: D

The most appropriate measure of a country's economic growth is its per capita real income. Per capita income is average income, a measure of the wealth of the population of a nation. It is used to measure a country's standard of living thus a better indicator of economic growth.

India among the countries has the lowest GDP per capita. GDP per capita is as follows-India 1509 USD, China 6959 USD, Sri Lanka 3204 USD, Indonesia 3510 USD.

Correct Option: B

India among the countries has the lowest GDP per capita. GDP per capita is as follows-India 1509 USD, China 6959 USD, Sri Lanka 3204 USD, Indonesia 3510 USD.

The responsibility for coinage lies with central government on the basis of the coinage Act, 1906. The designing and minting oof coins in various denominations is decided by Central government.

Correct Option: B

The responsibility for coinage lies with central government on the basis of the coinage Act, 1906. The designing and minting of coins in various denominations is decided by Central government.

Inflation in India is measured on the Wholesale Price Index (WPI). The wholesale price index (WPI) is based on the Wholesale price of a few relevant commodities of over commodities available. The base year used for comparing is 2004-05 and uses 676 items. The indicator tracks the price movement of each commodity individually. Based on this individual movement, the WPI is determined through the averaging principle.

Correct Option: D

Inflation in India is measured on the Wholesale Price Index (WPI). The wholesale price index (WPI) is based on the Wholesale price of a few relevant commodities of over commodities available. The base year used for comparing is 2004-05 and uses 676 items. The indicator tracks the price movement of each commodity individually. Based on this individual movement, the WPI is determined through the averaging principle.

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as deflation. Deflation is because of fall in the aggregate level of demand. That is, there is a fall in how much the whole economy is willing to buy and the price for goods, Because the price of goods is falling, consumers have an incentive to delay purchases and consumption until prices fall further, which in turn reduces overall economic activity. Since this idles the productive capacity, investment also falls, leading to further reductions in aggregate demand.

Correct Option: B

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as deflation. Deflation is because of fall in the aggregate level of demand. That is, there is a fall in how much the whole economy is willing to buy and the price for goods, Because the price of goods is falling, consumers have an incentive to delay purchases and consumption until prices fall further, which in turn reduces overall economic activity. Since this idles the productive capacity, investment also falls, leading to further reductions in aggregate demand.