Please assist me with the following questions:

Q. Nos. 21 - 30 : Read the following 23. Assertion (A) : Effective demand can be questions of given Assertions with their increased by more equitable Reasoning and find correct answer from the distribution of wealth. codes given below these questions. Reason (R) : Thirty or forty entities with income averaging between 21. Assertion (A) : Giffin's paradox rarely I lakh and 5 lakhs would create occurs in the real world. much more effective demand Reason (R) : Inferior goods are than a single entity having income of 10 lakhs a year. narrowly defined for which Codes : suitable substitutes are available. (A) Both (A) and (R) are correct and (R) is not the correct explanation Codes : of (A). (A) Both (A) and (R) are correct and (B) Both (A) and (R) are correct and (R) is the correct explanation of (R) is the correct explanation of (A). (A). (C) (A) is correct, but (R) is (B) Both (A) and (R) are correct and incorrect. (D) (R) is not the correct explanation (A) is incorrect, but (R) is correct. of (A). 24. Assertion (A) : During the period (C) (A) is correct, but (R) is 2004-05 to 2007-08 fiscal consolidation process was incorrect. witnessed in India. (D) (A) is incorrect, but (R) is Reason (R) : There was buoyancy in correct. tax revenue during this period. Codes : (A) Both (A) and (R) are correct and (R) is the correct explanation of 22. Assertion (A) : According to the Life (A). Cycle Theory of consumption, an (B) Both (A) and (R) are correct and individual level of consumption (R) is not the correct explanation depends not just on current of (A). income but also on long run (C) (A) is correct, but (R) is incorrect. expected earnings. (D) (A) is incorrect, but (R) is Reason (R) : Individuals are assumed correct. to plan a pattern of expenditure 25. Assertion (A) : K/L ratio will adjust based on expected earnings over through time in the direction of life time. equilibrium ratio. Reason (R) : Because the technical co- Codes : efficient of production are variable. (A) (A) is true, but (R) is false. Codes : (A) Both (A) and (R) are correct and (B) Both (A) and (R) are false. (R) is not the correct explanation (C) (A) is not correct, but (R) is of (A). (B) Both (A) and (R) are correct and correct. (R) is the correct explanation of (D) Both (A) and (R) are correct and (A). (R) is correct explanation of (A). (A) is correct, but (R) is incorrect. (A) is incorrect, but (R) is correct.Q. Nos. 11 - 20 : Read the following 16. The doctrine of unbalanced growth questions and find out correct answer from was propounded by the codes given below these questions. 1. Hirschman II. Robert Solow 11. A point of 'Kink' in the kinked III. Singer demand curve indicates IV. Ragnar Nurkse 1. Price rigidity Codes : II. Quantity rigidity (A) I and II are correct. III. Price flexibility (B) II and III are correct. IV. Quantity flexibility (C) III and IV are correct. Codes : D) I and III are correct. (A) I and II are correct. 17. Harrod-Domar model of eco (B) II and III are correct. growth is based upon 2 (C) III and IV are correct. Warranted growth rate (D) I and IV are correct. II. Investment growth rate 12. Improvement in the BOP deficit may Ill. Productivity growth rate be effected through IV. Natural growth rate 1. Import control Codes : II. Export promotion (A) I and II are correct. III. Foreign exchange control (B) II and III are correct. IV. Devaluation III and IV are correct. Codes : I and IV are correct. (A) I and II are correct. 18. In Keynesian system speculative (B) I, II, III and IV are correct. demand for money arises because of (C) II and III are correct. I. Uncertainty of future interest rates (D) I, II and III are correct. II. Unexpected expenditures 13. The problem relating to burden of Ill. To bridge the gap between income public debt has been dealt by and eventual expenditure I. A.P. Learner IV. Relationship between changes in II. E.D. Domar the interest rates and bond prices Codes : III. A.C. Pigou A.H. Henson (A) I and III are correct. IV. (B) I and IV are correct. Codes : II and III are correct. (A) I and II are correct. (D) III and IV are correct. (B) II and III are correct. (C) I and IV are correct. 19. According to Milton Friedman Theory component of (D) II and III are correct. of permanent consumption-expenditure depends on 14. Fiscal policy relates to the Government 1. Transitory income alone decision in respect of II. Transitory and permanent income 1. Taxation III. Permanent income alone II. Government spending IV. Windfall gains III. Government borrowing Codes : IV. Public Debt (A) I and II are correct. Codes : (B) I and III are correct. (A) III and IV are correct. II and IV are correct. (B) II, III and IV are correct. (D) Only III is correct. (C) I and II are correct. 20. The Planning Commission of India has (D) All the above are correct. recently made announcement regarding 15. HDI is entrusted with reference to : Poverty Line : 1. Life expectancy at birth 1. 7 42 per capita per day in urban area II. Real GDP/per capita IL