SSC CGL Tier 2 10th August 2022 General Studies Finance and Economics

Absolute poor

Chronic poor

Relatively poor

Occasional poor

It gives its recommendations on the distribution of tax revenues between the Union and the States only and not among the States.

It recommends measures needed to augment the Consolidated Fund of a State to supplement the resources of the Panchayats.

Its work involves redressing the vertical imbalances between the taxation powers and expenditure responsibilities of the Centre and the States, respectively

It is constituted by the President under Article 280 of the Constitution.

Liberalisation allowed FIIs to invest in the Indian financial markets.

Quotas are an example of non-tariff barriers to external trade.

GST is an example of indirect tax.

Liberalisation is the same as laissez-faire.

Export promotion

Import agrarian commodities

Import substitution

Export IT services

Only 2

Neither 1 nor 2

Both 1 and 2

Only 1

The total product is maximum at the end of the first stage of production

When the total product is maximum, the marginal product is zero.

When the total product is maximum, the marginal product is increasing at an increasing rate.

The second stage of production is the stage of increasing returns

Only 2

Both 1 and 2

Neither 1 nor 2

Only 1

negative

Zero

infinite

Positive

net domestic product at factor cost is estimated by adding net value added at factor cost of all the producing units of an economy

sum of gross value added at factor cost of all producing units gives us gross domestic product at factor cost;

sum of gross value added at market price of all producing units gives us gross domestic product at market price

net factor income from abroad has to be added to gross domestic product at market price for getting the national income

The Broadcasting Model

The Common Minimum Model

The Comparative Analysis Model

The Critical Flow Model