1.

Match the items in List-I with items in List-II and select the correct answer from the codes given belowList - IList – IIA. TaxationI. M. Govinda RaoB. AgricultureII. C. RangarajanC. Monetary PolicyIII. Arvind PangarihaD. Indian Economy, Planningand State Level ReformsIV. Ashok GulatiE. Fiscal PolicyV. Parthasarthy ShomeCodes:1. A - II, B - IV, C - I, D - III, E - V2. A - I, B - IV, C - III, D - II, E - V3. A - V, B - IV, C - II, D - III, E - I4. A - V, B - IV, C - III, D - II, E - I

Answer» Correct Answer - Option 3 : A - V, B - IV, C - II, D - III, E - I

The correct answer is A - V, B - IV, C - II, D - III, E - I.

  • Dr. M Govinda Rao is an economist and a member of the 14th Finance Commission.
    • Dr. Rao has previously served as the Director of the National Institute of Public Finance and Policy and as the Director of Institute for Social and Economic Change.
    • Dr. Rao’s research interests include public finance and fiscal policy, fiscal federalism, and state and local finance.
  • Mr. C. Rangarajan examines the objectives of monetary policy and price stability concerning the economy of India Address by the Governor of the Reserve Bank of India.
    • Monetary policy is an arm of economic policy and in that sense, the objectives of monetary policy are no different from the overall objectives of economic policy.
    • The broad objectives of monetary policy in India have been:
      • To regulate monetary expansion to maintain a reasonable degree of price stability.
      • To ensure adequate expansion in credit to assist economic growth.

  • Arvind Panagariya is a Professor of Economics, served as the first vice-chairman of the government of India's think-tank NITI Aayog between January 2015 and August 2017.
  • Ashok Gulati is an Indian agricultural economist, and a former chairman of the Commission for Agricultural Costs and Prices, the advisory body of the Government of India on food supplies and pricing policies.
  • Parthasarathi Shome is Chairman of the International Tax Research and Analysis Foundation, Bengaluru, India.


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