Answer: (b)

Explanation:

Price controls: Fixing prices artificially can temporarily suppress inflation

Rationing: Limiting the quantity of goods available can cool demand and curb price increases

Wage controls: Capping wage growth can moderate cost pressures and inflation

Import restrictions: Limiting imports can raise the prices of domestic goods by reducing competition

Export restrictions: While temporarily restricting exports of certain goods might push down domestic prices

Black marketing: refers to the illegal sale of goods at higher than controlled prices

Answer: (c)

Explanation:

PPP (Public Private Partnership) model is an arrangement between the government and private sector for the provision of public assets and also includes Public Services. In PPP (Public Private Partnership), there is a well defined allocation of risk between the private sector and public entity. Hence, Statement I is correct but Statement II is incorrect.

Answer: (c)

Explanation:

Special Drawing Rights (SDRs) is an international reserve asset, created by the IMF in 1969 to supplement its member countries official reserves. Hence, statement 1 is correct.

Its value is based, on a basket of five currencies the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. Hence, statement 2 is incorrect.

It is neither a currency nor a claim on the IMF. Hence, statement 3 is correct.

Answer: (c)

Explanation:

Economic growth refers to an increase in the real GDP of an economy, but it's often considered insufficient as a standalone measure of progress. Economic development refers to a broader concept that encompasses not only economic growth but also improvements in social welfare, education, health, and overall living standards. Therefore, development goes beyond just increasing the size of the economy and emphasizes broader societal well-being. Hence, Both 1 and 2 are correct.

Answer: (c)

Explanation:

Core inflation indeed excludes volatile components of the CPI, such as food and energy prices, making it a better measure of underlying inflationary trends. These temporary fluctuations can obscure the true picture of inflationary pressures driven by monetary policy, demand, and other factors. By excluding these volatile elements, core inflation provides a clearer signal of the long-term inflationary trajectory in the economy, aiding policymakers in making informed decisions. Hence, Both 1 and 2 are correct.