The correct chronological order is:
1. (B) Drain of Wealth (during British colonial period)
2. (D) Monopolies Inquiry Commission (1977)
3. (C) White Revolution (1970s-80s)
4. (A) New Economic Policy - Liberalisation (1991)
Thus, the correct answer is (b).
List-I(Economic Concepts) | List-II(Description) | ||
---|---|---|---|
A | Kuznets Curve | I | Describes the relationship be tween currency depreciation and current account balance |
B | Fisher Effect | II | Describes the relationship between autonomous investment and output |
C | J Curve Effect | III | Describes the relationship between income and inequality |
D | Multiplier Effect | IV | Describes the relationship between expected inflation rate and interest rate |
List-I(Characteristics) | List-II(Stages) | ||
---|---|---|---|
A | High Birth Rate and High Death Rate | I | Stage I |
B | Low Birth Rate and High Death Rate | II | Stage II |
C | High Birth Rate and Low Death Rate | III | Stage III |
D | Low Birth Rate and Low Death Rate | IV | Not a part of this model |
List-I | List-II | ||
---|---|---|---|
A | Fiscal Deficit | I | Import minus export of goods and services. |
B | Primary Deficit | II | Revenue expenditure minus revenue receipt. |
C | Revenue Deficit | III | Fiscal deficit minus interest payment. |
D | Current Account Deficit | IV | Capital expenditure plus revenue deficit. |
List-I(Statistical Concepts) | List-II(Description) | ||
---|---|---|---|
A | Power of a test | I | 1- probability of making type II error |
B | Multicollinearity | II | Where the sample mean differs from the population mean |
C | Biased estimator | III | Correlation between explanatory variables in a regres sion |
D | White noise error | IV | Errors with zero mean and constant standard deviation |