Indian Economy Quiz: Day 60

Answer: (c)

Deep tech or deep technology refers to a class of startup businesses that develop new offerings based on tangible engineering innovation or scientific discoveries and advances.
Usually, such startups operate on, but are not limited to, agriculture, life sciences, chemistry, aerospace and green energy.
E.g.  Artificial Intelligence, blockchain, biotechnology, robotics, drones, photonics, and quantum computing

Answer: (b)

Answer: (c)

• The SSYS is a government-backed deposit scheme for a girl child.
• Launched as a part of the ‘Beti Bachao Beti Padhao’ campaign, this scheme helps meet the financial needs of a girl child and comes with income-tax benefits under section 80C.

Answer: (b)

Answer: (d)

Answer: (d)

Answer: (c)

• It is used as a measure to determine how well the government controls a country’s economic resources.
• The tax to GDP ratio measures the size of a country’s tax revenue compared to its GDP.
• The higher the tax to GDP ratio, the better the country’s financial position. The ratio denotes the government’s ability to fund its expenditures.
• A greater tax to GDP ratio indicates that the government can cast a wider fiscal net. It helps a government become less reliant on borrowing.

Answer: (d)

• Though depression has visited the world economy only once in 1929, economists have pinpointed enough number of traits to recognise it.
• The major traits of depression could be as given below:

(i) an extremely low aggregate demand in the economy causes activities to decelerate;

(ii) the inflation being comparatively lower;

(iii) the employment avenues start shrinking forcing unemployment rate to grow fast;

(iv) to keep the business going, production houses go for forced labour-cuts or retrenchment (to cut down production cost and be competitive in the market,) etc.

Answer: (a)

Answer: (c)

• If the balance of total revenue receipts and total revenue expenditures turns out to be negative it is known as revenue deficit, a new fiscal terminology used since the fiscal 1997–98 in India.
• This shows that the government’s Revenue Budget (see the next topic) is running in losses and the government is earning less revenue and spending more revenues—incurring a deficit.
• Revenue expenditures are of immediate nature (this has to be done) and since they are consumptive/non-productive they are considered as a kind of expenditure which sums up to a heinous crime in the area of fiscal policy.

Answer: (c)

Answer: (c)

Coffee exports from India, Asia’s third-largest producer-exporter, rose 1.66% to four lakh tonne in 2022 on a rise in instant coffee exports and re-exports, the Coffee Board said.

Answer: (d)

• India and Austria to sign migration and mobility agreement, shore up ties Close watch: The pact will regulate multiple entry visas for professionals and student exchange programmes.
• Accord will help combat the rise in illegal migration from India, says Austrian Foreign Ministry; Jaishankar and Schallenberg also to discuss India’s G-20 Presidency and situation in Ukraine

Answer: (d)

Answer: (c)