There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Expanding industries
Select the correct answer using the code given below.

The problem of international liquidity is related to the non-availability of

 The substitution of steel for wooden ploughs in agricultural production is an example of

With reference to inflation in India, which of the following statements is correct?

With reference to Indian economy,consider the following :
1. Bank rate
2. Open market operations
3. Public debt
4. Public revenue

With reference to Indian economy,consider the following statements :
1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.
Which of the statements given above
is/arc correct?