Answer: B

Explanation:

Cess is a form of tax levied or collected by the government for the development or welfare of a particular service or sector. It is levied on direct and indirect taxes. Cess collected for a particular purpose cannot be used for other purposes. It is not a permanent source of revenue for the government and is abolished when the intended purpose is served. Examples: Education Cess, Swachh Bharat Cess, Krishi Kalyan Cess, etc. Hence, statement 1 is incorrect while statements 2 and 3 are correct.

Answer: C

Explanation:

Under the Statutory Liquidity Ratio (SLR), commercial banks are required to keep a portion of their deposits with them in the form of liquid assets (rupees, gold, government securities) as directed by the Reserve Bank of India. Hence, option (c) is correct.

Answer: B

Explanation:

The Nutrition Campaign, also known as the National Nutrition Mission, was launched by the government under the Ministry of Women and Child Development on the occasion of International Women's Day. Hence, statement 1 is incorrect.

The campaign aims to reduce stunting, minority, anemia (between young children, women, and adolescent girls), and low weight at birth by 2%, 2%, 3%, and 2% per year respectively. Hence, statement 2 is correct.

It also aims to reduce stunting from 4% to 25% in children aged 0-6 by 2022. The purpose of the nutrition campaign is to ensure service distribution and intervention, behavioral change through convergence and specific goals obtained in various monitoring parameters through convergence.

Answer: C

Explanation:

The result of the total transaction of an economy with the outside world in a year is known as the balance of the economy (BOP) of the economy. Originally, this is the current and pure result of the current and capital accounts of an economy. This can be favorable or unfavorable to the economy. Regardless of the transactions of the current accounts replace the capital account, whether there is a surplus or deficit. However, the negativity of the BOP does not mean that it is unfavorable. A negative BOP is unfavorable to an economy if there is a lack of means to meet this difference in the economy. If it is positive at the end of the year, the money automatically moves to the foreign exchange reserves of the economy and if it is negative, the country's foreign exchange reserves are used to fulfill it. If the foreign exchange reserves are not able to complete the negative bop, it is known as the BOP crisis. Hence, option (c) is correct.

Answer: D

Explanation:

More public debt is not a problem when it is being used to build infrastructure, employment, and other producing areas. Inflation is required to grow any economy as inflation suggests that the demand for goods has exceeded supply. This situation requires more production, which promotes high growth. Positive business balance is very less related to development. The United States has a major trade deficit, yet it is a developed country. However, a positive business balance is good for the economy because it means that we are competitive in the world export market. Hence, option (d) is correct.