SawaalBoxसवाल बॉक्स
1998 · Q68Indian EconomyInternational Institutions & Reportsmoderate

According to the World Development Report, low-income economies are those for which the per capita GNP in 1994 was

  1. (a)US $ 925 or less
  2. (b)US $ 825 or less
  3. (c)US $ 725 or less
  4. (d)US $ 525 or less
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Official answer(c) US $ 725 or less

2024 · Q51Indian EconomyInternational Institutions & Reportsmoderate

Consider the following statements : Statement-I : If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment. Statement-II : The USA Government debt is not backed by any hard assets, but only by the faith of the Government. Which one of the following is correct in respect of the above statements ?

  1. (a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
  2. (b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  3. (c)Statement-I is correct, but Statement-II is incorrect
  4. (d)Statement-I is incorrect, but Statement-II is correct
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Official answer(a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I