General Awareness

Historical economic data for India indicates the Tax-GDP ratio was approximately 12.5 percent during the 2007-08 fiscal year.

Service tax was introduced in India in the 1994-95 budget by the then Finance Minister Manmohan Singh.

According to census data in India, the Jain community consistently reports the highest literacy rate among all religious groups.

MERCOSUR is a South American trade bloc established by the Treaty of Asuncion in 1991, with Brazil, Argentina, Uruguay, and Paraguay as founding members.

The Reserve Bank of India (RBI) was nationalized on January 1, 1949, under the Reserve Bank (Transfer to Public Ownership) Act, 1948.

The K.N. Raj Committee was established in 1972 to suggest ways to tax agricultural income. The other committees listed are incorrectly paired with their respective fields.

Devaluation makes a country's exports cheaper for foreign buyers and imports more expensive for domestic buyers, thus typically increasing exports.

The 11th Five Year Plan set a target to improve the sex ratio to 935 per 1000 by the year 2011-12.

A Tobin tax is a tax proposed on short-term currency conversions (foreign exchange transactions) to curb speculation.

ASEAN was founded in 1967 (not 1987) with 5 members; it currently has 10 member states. The question contains a factual error regarding the founding date, but 10 is the correct number of members.

According to the Directorate General of Commercial Intelligence and Statistics, India's exports for the 2007-08 period were recorded at US$ 162.9 billion.

Alang, located in Gujarat, is globally famous for its ship-breaking yard, which is one of the largest in the world.

During the late 2000s, India's domestic crude oil production hovered around 34 Million Metric Tonnes (MMT) per annum.

Janani Suraksha Yojana is a safe motherhood intervention under the National Health Mission to reduce maternal and neonatal mortality by promoting institutional delivery.

Project Elephant was launched by the Government of India in 1992 to provide financial and technical support to wildlife management efforts.

Visakhapatnam port has historically been one of the busiest ports in India in terms of cargo handling volume during the 2007-08 period.

West Bengal is historically and currently the largest producer of jute in India. It accounts for the majority of the country's total jute production due to favorable climatic conditions in the Ganges delta.

Iron ore is primarily mined in states like Odisha, Chhattisgarh, and Karnataka, not Bihar. The other pairings (Graphite in Odisha, Copper in Rajasthan, Gold in Karnataka) are generally correct in the context of Indian mineral geography.

Historically, gems and jewelry have been one of India's top export items. While engineering goods have gained significant share in recent years, gems and jewelry remained a dominant export category for a long period.

Bharat Nirman Yojana focuses on rural infrastructure including irrigation, roads, water supply, housing, electrification, and telecommunication. Healthcare is not one of the six core components of this specific scheme.