April 21 – INDIAN ECONOMY Welcome to your April 21 - INDIAN ECONOMY Narasimham Committee (1998) is associated withA. AgroforestryB. Banking reformsC. Corporate GovernanceD. Cooperative Federalism Which of the following are factors dampening India's trade performance?1. Labour Laws2. Trade Protectionism3. High Cost of Domestic CapitalA. 1 onlyB. 2 and 3 onlyC. 3 onlyD. 1, 2 and 3 Choose the incorrect statement about Global value Chain (GVC):A. It is a full range of activities that firms and workers do to bring a product from its conception to its end use and beyond.B. The global value chains today account for nearly 86 per cent of trade worldwide.C. GVCs promote capital-intensive production.D. Synchronization of economic activity across countries makes domestic economies vulnerable to external shocks. Identify the challenges For India to achieve Financial inclusion1. Information asymmetry and digital divide.2. Zero involvement of RBI in creating Financial literacy guides, public awareness campaigns etc. 3. Lack of various documents of proof regarding persons' identity, income, birth certificates, etc.A. 1 onlyB. 2 and 3 onlyC. 1 and 3 onlyD. 1 and 2 only Choose the correct statements.1. States’ gross fiscal deficit (GFD) has remained within the FRBM threshold of 3% of gross domestic product (GDP) during 2017-18 and 2018-19.2. With the advent of GST framework, revenue autonomy of states has shrunk considerably as states have lost decision making power on tax rates.A. 1 onlyB. 2 onlyC. Both 1 and 2D. Neither 1 nor 2 Time is Up!