Economic (M.Sc)

Q: If the general price level goes up by 12% and national income at constant prices increases by 3%, then the national income at current prices:

(a) :  Increase by 9%
(b) :  Increase by 15%
(c) :  Increase by 12%
(d) :  Increase by 9%
(e) :  None of the Above
Answer:  Increase by 15%
Explanation:  

Q: Chelliah Committee of 1992 deals with the overhauling of our

(a) :   public sector undertakings
(b) :  financial system
(c) :  tax system
(d) :   patents and copyrights
(e) :  NONE
Answer:   tax system
Explanation:  

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