India was one the first countries in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla in 1965. This was done to overcome the shortcomings of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India.

Correct Option: B

India was one the first countries in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla in 1965. This was done to overcome the shortcomings of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India.

Laffer curve is a representation of the relationship between possible rates of taxation and the resulting levels of government revenue. It illustrates the concept of taxable income elasticity ---i.e., taxable income will change in response to changes in the rate of taxation

Correct Option: A

Laffer curve is a representation of the relationship between possible rates of taxation and the resulting levels of government revenue. It illustrates the concept of taxable income elasticity ---i.e., taxable income will change in response to changes in the rate of taxation

Hyper inflation occurs when a country experiences very high and usually accelerating rates of monetary and price inflation, causing the population to minimize their holdings of money. Under such conditions, the general price level within an economy increases rapidly as the official currency quickly loses real value.

Correct Option: D

Hyper inflation occurs when a country experiences very high and usually accelerating rates of monetary and price inflation, causing the population to minimize their holdings of money. Under such conditions, the general price level within an economy increases rapidly as the official currency quickly loses real value.

(China - Russia - India - France) is the correct sequence of the countries having Foreign Exchange Reserve from high to low.
China has 3,945,932 million USD.
Russia has 3,60,221 million USD
India has 1,43,456 million USD

Correct Option: A

(China - Russia - India - France) is the correct sequence of the countries having Foreign Exchange Reserve from high to low.
China has 3,945,932 million USD.
Russia has 3,60,221 million USD
India has 1,43,456 million USD

Gulf Cooperation Council, GCC is a political and economic union of Arab states bordering the Persian Gulf, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. Khaleeji is the proposed currency of the Gulf Co-operation Council (GCC).

Correct Option: A

Gulf Cooperation Council, GCC is a political and economic union of Arab states bordering the Persian Gulf, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. Khaleeji is the proposed currency of the Gulf Co-operation Council (GCC).