Consider the following statements regarding the promotion of solar energy in India.<br>1. The Ministry of New and Renewable Energy (MNRE) have initiated schemes and incentives like subsidy, easy loan, concessional duty on raw material imports, excise duty exemption on certain devices/systems, etc. to encourage and use of solar energy systems.<br>2. The Indian Renewable Energy Development Agency (IREDA) provides financial help for the purchases of PV (Photo Voltaic) systems.<br>3. Government is planning to setup 10 million square meter solar collector area by 2022.<br>Which of the above statement(s) is/are correct?

Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.

A

1, 2 and 3

B

2, 3 and 4

C

3, 4 and 5

D

All of the above

Consider the following statements regarding Bureau of Energy Efficiency (BEE) of India.
1. Bureau of Energy Efficiency (BEE) is an agency of the Government of India, under the Ministry of Power, created in March 2002, under the provision of Energy Conservation Act.
2. The agency's function is to develop programmes which will increase the conservation and efficient uses of energy in India.
3. The government has proposed to make it mandatory or compulsory for appliances in India to have ratings by the BEE starting in January, 2010.
Which of the above statement(s) is/are correct?

A

Only 1

B

Only 1 and 2

C

Only 1 and 3

D

All of these

GDP is $10 million, consumer spending is $6 million, government spending is $3 million, exports are $2 million, and imports are $3 million. How much is spent for investments?

A

$0 million

B

$1 million

C

$2 million

D

$3 million

Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument.

Statement : Should government jobs in rural areas have more incentives?

Arguments :
I. Yes. Incentives are essential for attracting government servants there.
II. No. Rural areas are already cheaper, healthier and less complex than big cities. So ? Why offer extra incentives!

A

Only argument I is strong

B

Only argument II is strong

C

Either I or II is strong

D

Neither I nor II is strong

E

Both I and II are strong

Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : Government aided schools should have uniformity in charging various fees.

Assumptions :
I. The Government's subsidy comes from the money collected by way of taxes from people.
II. The Government while giving subsidy may have stipulated certain uniform conditions regarding fees.

A

Only assumption I is implicit

B

Only assumption II is implicit

C

Either I or II is implicit

D

Neither I nor II is implicit

E

Both I and II are implicit

Statement : One of the problems facing the food processing industry is the irregular supply of raw material. The producers of raw material are not getting a reasonable price.

Courses of Action :
I. The government should regulate the supply of raw material to other industries also.
II. The government should announce an attractive package to ensure regular supply of raw material for food processing industry.

A

Only I follows

B

Only II follows

C

Either I or II follows

D

Neither I nor II follows

E

Both I and II follow

Should government jobs in rural areas have more incentives Arguments: 1. Yes. Incentives are essential for attracting government servants there 2. No. Rural areas are already cheaper,healthier and less complex than big cities .So,why offer extra incentives!

A

Only 1 is true

B

Only 2 is true

C

Either 1 or 2 is true

D

Neither 1 or 2 is true

Arrange the following norms that an agency should follow for smooth agency-client relationship in correct chronological order.
1. The agency should make effort to obtain useful information in market.
2. The agency should not charge unreasonably high rates.
3. The agency should keep the client well informed.
4. The agency should always provide timely service to the clients.

A

1, 2, 3, 4

B

4, 3, 2, 1

C

2, 4, 1, 3

D

3, 1, 4, 2

Which of the following is not a function of SIDO?
1. Itaims at evolving a national policy for the growth and development of SSIs. It gathers data on imported consumer products and to enable the establishment of industrial units to manufacture these goods by providing organised help.
2. It also keeps proper link with the related Planning Commission, Central Ministries, Financial Institutions and State Governments etc.
3. It sets aside items for small scale manufacturing, and provides necessary support for the development of auxiliary units.
4. It provides direct support for infrastructure development and lending money to microfinance institutions.
Select the correct answer

A

Both 1 and 2

B

Both 1 and 3

C

Only 1

D

All of the above

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80million, exports are $35 million and imports are $40 million.

A

$625 million

B

$465 million

C

$475 million

D

$635 million