1471: Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?
(a) Elimination of revenue deficit by the end of the fiscal year 2007-08
(b) Non-borrowing by the central government from Reserve Bank of India except under certain circumstances
(c) Elimination of primary deficit by the end of the fiscal year 2008-09
(d) Fixing government guarantees in any financial year as a percentage of GDP
1472: Consider the following statements in respect of financial emergency under Article 360 of the Constitution of India:
1. A Proclamation of financial emergency issued shall cease to operate at the expiration of two months, unless before the expiration of that period it has been approved by the resolution of both houses of Parliament.
2. If any proclamation of financial emergency is in operation, it is competent for the president of India to issue directions for the reduction of salaries and allowances of all or any class of persons serving in connection with the affairs of the Union but excluding the Judges of the Supreme Court and the High Courts.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
1473: In India people migrate from the countryside to the towns while in the U.S.A. it is just the other way. What is the reason for this?
(a) In U.S.A. people like the countryside more than the cities
(b) Use of urban land for purposes other than that of residence
(c) Lack of security of life and property in cities
(d) Lack of employment opportunities in cities
1474: Schemes of (i) Urban Micro Enterprises, (ii) Urban Wage Employment, and (iii) Housing and Shelter Upgradation are parts of
(a) Integrated Rural Development Programme
(b) Nehru Rozgar Yojana
(c) Jawahar Rozgar Yojana
(d) Prime Minister's Rozgar Yojana
1475: A shop offers 10 percent discount on the purchase of any article. It also offers an additional 12 percent discount if the payment is made in cash. If the original price of the item is Rs. 250, then what is its actual price if paid in cash?
(a) Rs. 220
(b) Rs. 195
(c) Rs. 198
(d) None of these