Division of labour often involves

1. specialized economic activity
2. highly distinct productive roles.
3. involving everyone in many of the same activities.
4. individuals engage in only a single activity and are dependent on others to meet their various needs.

Select the correct answer using the code given below:

• 1,3 and 4 only

• 1,2 and 4 only

• 3 only

• 2 and 4 only

Which ofthe following is/are not FDI policy change(s) after 2010?

1. Permission of 100 per cent FDI in automotive sector.
2. Permitting foreign-airlines to make FDI up to 49 percent.
3. Permission of up to 51 per cent FDI under the government approval route in multi-brand retailing, subject to specified conditions.
4. Amendment of policy on FDI in single-brand product retail trading for aligning with global practices.

Select the correct answer using the code given below:

• 1 only

• 2 and 4 only

• 1 and 2 only

• 1,2 and 3 only

Which one of the following statements about Money Bill is correct?

• A Bill shall be deemed to be a Money Bill only if it provides for imposition of fines or penalties

• A Money Bill shall be introduced in the Rajya Sabha

• The Rajya Sabha can reject the Money Bill

• The Speaker of the Lok Sabha finally decides if it is a Money Bill, should any dispute about it arise

Which of the following was/were the feature(s) of Lenin's New Economic Policy (NEP) for the Soviet Union?

1. Private retail trading was strictly forbidden.
2. Private enterprise was strictly forbidden.
3. Peasants were not allowed to sell their surplus.
4. To secure liquid capital, concessions were allowed to foreign capitalists, but the State retained the option of purchasing the products of such concerns.

Select the correct answer using the code given below:

• 1 only

• 2 and 3

• 1, 2 and 4

• 4 only

As per the RBI guidelines, which one ofthe following is the minimum tenure of Masala Bonds that an Indian company can issue offshore?

• Five years

• Four years

• Three years

• Two years

Which of the following statements about Krishi Kalyan Cess (KKC) is/are correct?

1. KKC is calculated in the same way as Service Tax is calculated.
2. The current rate of KKC is 0.50%.
3. KKC is similar to the KKS (Krishi Kalyan Surcharge).

Select the correct answer using the code given below:

• 1, 2 and 3

• 1 and 2 only

• 2 and 3 only

• 1 only

During the Eleventh Five Year Plan (FYP), agriculture sector in India witnessed a growth rate of 3.3 per cent per annum which is higher than 2.4 per cent per annum in the previous FYP. This is largely due to better performance of:

• Crops and Livestock

• Oilseeds and Fibres

• Fishing and Oilseeds

• Fibres and Fishing

Which of the following statements about the Livestock sector in India is/are correct?

1. Livestock contributed about 25 per cent of gross value added in agriculture
2. It provides self-employment to a large segment of population
3. Rapid growth of livestock sector can be egalitarian and inclusive

Select the correct answer using the code given below:

• 3 only

• 1 and 2 only

• 2 and 3 only

• 1,2 and 3

The Financial Sector Legislative Reforms Commission report submitted recently, among others, contained which of the following proposals?

1. All regulators will have an empowered board, the role of each ofthe members has been defined.
2. The Commission envisages an important process of judicial review of the regulations.
3. The draft code does not mention about executive powers.

Select the correct answer using the code given below

• 1 and 2 only

• 2 only

• 1 and 3 only

• 1,2 and 3

20.

The Bali Ministerial Declaration and the ministerial decisions that were adopted on 7th December, 2013 contained several issues. Which of the following are related to the Least-Developed Countries?

1. Preferential Rules of Origin for Least-Developed Countries
2. Operationalization of the Waiver Concerning Preferential Treatment to Services
3. Duty-Free and Quota-Free (DFQF) Market Access for Least-Developed Countries

Select the correct answer using the code given below.

• 1, 2 and 3

• 1 and 2 only

• 1 and 3 only

• 2 and 3 only