Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?

  • Elimination of revenue deficit by the end of the fiscal year 2007-08
  • Non-borrowing by the central government from Reserve Bank of India except under certain circumstances
  • Elimination of primary deficit by the end of the fiscal year 2008-09
  • Fixing government guarantees in any financial year as a percentage of GDP

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With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements :
  • 1. They cannot engage in the acquisition of securities issued by the government. 
  • 2. They cannot accept demand deposits like Savings Account. 
Which of the statements given above is/are correct ?
Which one of the following statements is an appropriate description of deflation ?
The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :
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  • 2. Promotion of investment from foreign sources.
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Which of the above are the objectives of this Act ?
In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a "Trade Mark" and a Geographical Indication is/are:
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  • 2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed. 
  • 3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned   to the agricultural goods/products and handicrafts only. 
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Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government ?

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Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act
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