1: With reference to "Look East Policy" of India, consider the following statements:
1. India wants to establish itself as an important regional player in the East Asian affairs.
2. India wants to plug the vacuum created by the termination of Cold War.
3. India wants to restore the historical and cultural ties with its neighbours in Southeast and East Asia.
Which of the statements given above is/are correct?
(a) 1 only
(b) 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Explanation:
India's "Look East" Policy, which was initiated in 1991, marked a stratengic shift in India's perspective of the world. It was developed and enacted during the government of Prime Minister P.V Narashimha Rao and rigorously pursued by the successive governments of Atal Bihari Vajpayee and Manmohan Singh. India's Look East policy is an attempt to forge closer and deeper economic intergration with its eastern neighbours as a part of the new realpolitik in evidence in India's foreign policy, and the engagement with Association of South East Asian Nation (ASEAN) is a part of the recognition on the part of India'selite of the strategic and economic importance of the region to the country's national interests
India seeks to create and expand regional markets for trade, investment and industrial development. It also began strategic and military cooperation with nations concerned by the expansion of China's economic and strategic influence.
After years of neglecting relations with its neighbors and being subject to Cold War constraints, the policy was designed to reinvigorate engagement with East Asia. Over the years, India has developed extensive economic and trade linkages with countries in the region, alongside a gradual strengthening of security ties.
2: In the parlance of financial investments, the term 'bear' denotes
(a) An investor who feels that the price of a particular security is going to fall
(b) An investor who expects the price of particular shares to rise
(c) A shareholder or a bondholder who has' an interest in a company, financial or otherwise
(d) Any lender, whether by making a loan or buying a bond
Explanation:
A bull investor wants to invest thinking the market or the company he/she's investing in is going to do better. A bear investor is pessimistic about the market and may make more conservative stock choices.
3: Consider the following financial institution of India:
1. Industrial Finance Corporation of India (IFCI)
2. Industrial Credit and Investment Corporation of India (ICICI)
3. Industrial Development Bank of India (IDBI)
4. National Bank for Agriculture and Rural Development (NABARD)
The correct chronological sequence of the establishment of these institutions is
(a) 1, 2, 3, 4
(b) 2, 3, 4, 1
(c) 3, 4, 1, 2
(d) 4, 1, 2, 3
4: What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'?
1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves.
3. It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future.
Select the correct answer using the code given below:
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
5: Which arrangement of the following show the correct sequence of demographic transition as typically associated with economic development?
I. High birth rate with high death
II. Low birth rate with low death
III. High birth rate with low death
Choose the answer from the codes given below :
Codes:
(a) I, II, III
(b) I, III, II
(c) III, I, II
(d) II, I, III