Which of the following statements regarding Rajya Sabha is / are correct

1. The maximum permissible strength of Rajya Sabha is 250
2. In Rajya Sabha, 238 members are elected indirectly from the states and Union Territories
3. It shares legislative powers equally with Lok Sabha in matters such as creation of All India Services

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Who among the following Prime Ministers of India were defeated by a vote of No Confidence

1. Morarji Desai
2. Viswanath Pratap Singh
3. H.D. Deve Gowda
4. Atal Bihari Vajpayee

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Which one of the following nations has faced severe economic crisis in the year 2015resulting in default in repayment of IMF loan

Which one of the following island nations went for Parliamentary elections in the month of August 2015

The first summit of the Forum for India Pacific Islands Cooperation (FIPIC) was held in :

Which of the following statement(s) are true with respect to the concept of 'EFFICIENCY' as used in mainstream economics

1. Efficiency occurs when no possible reorganisation of production can make anyone better off without making someone else worse off
2. An economy is clearly inefficient if it is inside the production possibility Frontier (PPF)
3. At a minimum, an efficient economy is on its Production Possibility Frontier (PPF)
4. The terms such as 'Pareto Efficiency', 'Pareto Optimality' and 'Allocative Efficiency' are all essentially one and the same which denote 'efficiency in resource allocation'

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