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Indian EconomyMediumAsked in: Uttar Pradesh · UPPSC PCS Pre GS-I, 11 Oct 2020

What should be Total Fertility Rate (TFR) of a population in order to reach at the replacement level of fertility?

  1. A.1.0
  2. B.1.6
  3. C.2.1
  4. D.2.3

Correct answer

C. 2.1

Explanation

The correct answer is C, 2.1. The Total Fertility Rate is the average number of children a woman would have in her lifetime if she followed the current birth rates at each age from 15 to 49. Replacement level is the TFR at which each generation exactly replaces itself, so that over time, leaving migration aside, the population stops growing or shrinking. Two children are needed to replace the two parents, and the extra 0.1 covers children who die before reaching adulthood and the fact that slightly more boys than girls are born. India’s National Population Policy, 2000 set the goal of bringing TFR down to replacement level. Option A is wrong because a TFR of 1.0 would halve the population in each generation. Option B is wrong because 1.6 is below replacement, a level seen in ageing societies. Option D is wrong because 2.3 is above replacement, so the population would keep rising. Exam tip: replacement level fertility means a TFR of about 2.1 children per woman.

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Q2.Indian EconomyAsked in: CDS · CDS-I 2018, GKHard

Consider the following statements about impact of tax : 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
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Correct answer: C. Both 1 and 2

The burden of a tax falls more heavily on whichever side of the market is less elastic, the side that cannot easily walk away.

Q5.Indian EconomyAsked in: CDS · CDS-II 2017, GKHard

Why was constitutional amendment needed for introducing GST?

  1. A.States were not willing to agree with the Union for introduction of GST without amendment in the Constitution.
  2. B.GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.
  3. C.The Empowered Committee of Finance Ministers had recommended for constitutional amendment.
  4. D.The GST Council had recommended for constitutional amendment so that its power enhances.
Show answer
Correct answer: B. GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.

GST is levied by the Union and the States together on the same supply, and Article 246, which splits taxing powers between them through separate lists, did not allow such a concurrent tax.