Answer: B

Explanation:

India's poverty is measured on the basis of monthly per capita consumption expenditure, where expenditure is used as a proxy for income. Hence, statement 1 is incorrect.

IMF Report (Epidemination, Poverty and inequality: Evidence from India) says that excessive poverty (per day expenditure per day) has declined drastically (as per FY 2012-2021, according to FY121, FY 21 Including the epidemic). Hence, statement 2 is correct.

The Multi-Elevated Poverty Index (MPI), jointly released by the United Nations Development Program (UNDP) and Oxford Poverty and Human Development Initiative (OPHI), states that India still has the highest 228.9 million poor in the world in India. Nigeria is located. Hence, statement 3 is correct.

Answer: C

Explanation:

Within the budgetary process, a deficit is a situation in which spending exceeds revenue in a particular period, also called a deficit or budget deficit, as opposed to a budget surplus. The term may apply to the budget of a government, a private company, or an individual. Government deficit spending was first identified as an essential economic tool by John Maynard Keynes in the wake of the Great Depression. Hence, option (c) is correct.

Answer: C

Explanation:

Commercial letters (CP) are an unprotected currency market instrument that is released as a promissory Note. They were introduced in India in 1990, through which high-class corporate borrowers were enabled to diversify their sources of short-term lending and provide additional means to investors. Subsequently, primary dealers and all Indian financial institutions were also allowed to release CPs to meet short-term financing requirements for their operations.

CP can be released for a minimum of 7 days and a maximum of one year maturity period from the date of release. Individuals, banking companies, other corporate bodies (registered or corporates in India) and disgraced bodies, NRIS (NRIs) and foreign institutional investors (FIS), etc. Hence, statements 1 and 2 both are correct.

Answer: B

Explanation:

The consumer Price Index (CPI) has a higher share in the consumer price index in low-income countries than in advanced countries. Hence, statement 1 is incorrect.

CPI is measured by a change in prices from the perspective of a retail buyer. It was released by the National Statistics Office (NSO). Hence, statement 2 is correct.

CPI has several sub-groups including food and beverages, fuel and light, housing and clothes, beds and shoes.

Answer: C

Explanation:

The Tax Information Exchange Agreement (TIEA)was developed on the effective exchange of information by the OECD Global Forum Working Group. The agreement provides for the representatives of one country to check taxes in another country and will help prevent tax evasion and tax rescue. Tiea is not binding tools. India has notified the Tax Information Exchange Agreement with the Marshal Islands Hence, statement (c) is correct.