7. Consider the following statements,

1] Redistributive Resource Transfer or RRT to a state (from the Centre) is defined as gross devolution to the state adjusted for the respective state’s share in aggregate GDP.

2] The Economic Survey pointed out that there has been an improvement in the financial position of the States over the last few years.

Which of the above statements is/are incorrect?

a) 1 Only

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b) 2 Only

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c) Both 1 and 2

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d) Neither 1 nor 2

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Solution

The correct option is D d) Neither 1 nor 2
Ans d)

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Similar questions

88) Which among the following is correct?

i) Redistributive resource transfer to a state is gross devolution to state adjusted for respective states share in aggregate GDP

ii) It is a specific measure of transfers and is an accurate measure of redistributive

With reference to the data from GST as per economic survey 2017-18, consider the following statements.

1. There has been a large increase in the number of indirect taxpayers.

2. The distribution of the GST base among the states is closely linked to their Gross State Domestic Product (GSDP), allaying fears of major producing that the shift to the new system would undermine their tax collections.

8. Consider the following statements,
1] The Economic Survey 2016-17 tabled in Parliament by the Union Finance Minister ShriArunJaitleyhas advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty.

2] The Survey points out that the two prerequisites for a successful UBI are: (a) functional JAM (Jan Dhan, Aadhar and Mobile) system as it ensures that the cash transfer goes directly into the account of a beneficiary and (b) Centre-State negotiations on cost sharing for the programme.

Which of the above statements is/are correct?

11. Consider the following statements related to Power of Parliament to admit into union or new states,

1. There is a need of legislation by parliament to establish new states.

2. Parliament can form a new state by separating territory from any state, by merging two or more states or parts of states.

Which of the above statements is/are correct?

Q. Q. With reference to the Gross Domestic Product (GDP) and Gross Value Added (GVA), consider the following statements:Which of the above statements is/are correct?

Both 1 and 2
Neither 1 nor 2
1 only
2 only

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The correct option is D d) Neither 1 nor 2Ans d)

The correct option is D d) Neither 1 nor 2
Ans d)