Correct Answer: Statement 1 is true, and statement 2 is true.
    

Solution : The correct answer is (a) Statement 1 is true, and statement 2 is true.

Statement 1 is true. SEBI, among its various roles, also regulates credit rating agencies to ensure they operate in a fair and transparent manner, providing accurate assessments of the creditworthiness of securities.

Statement 2 is true. SEBI's primary objective is to promote the development and regulation of the securities market by ensuring a fair and transparent environment for both investors and issuers. This includes measures to maintain orderliness and efficiency in the market.

Correct Answer: Raise capital in foreign markets
  

Solution : The correct answer is (a) Raise capital in foreign markets

GDRs (Global Depository Receipts) and ADRs (American Depository Receipts) are both financial instruments used to raise capital in foreign markets. They enable companies to access international investors and expand their investor base beyond their home country. GDRs are issued by depository banks outside the company's home country and are listed and traded on international stock exchanges. They represent ownership in shares of foreign companies and allow companies to raise capital from investors in different countries.

ADRs are specifically used to raise capital in the United States. They are issued by a U.S. depository bank and represent shares of non-U.S. companies. ADRs enable foreign companies to access the U.S. capital markets and attract American investors.

Correct Answer: Both statement 1 and statement 2 are true.

Solution : The correct option is (c) Option C: Both statement 1 and statement 2 are true.

Statement 1 is true. In the concept of consumer equilibrium, it is assumed that consumers have perfect information about prices and product attributes. This allows them to make informed decisions based on their preferences and constraints.

Statement 2 is also true. Consumer equilibrium is achieved when a consumer maximizes their utility or satisfaction given their budget constraint. This is done through rational decision-making, where consumers compare prices, product attributes, and their own preferences to make choices that maximize their satisfaction.

Correct Answer: A normal good.

Solution : The correct answer is  (a) A normal good.

A positive income elasticity of demand indicates that as income increases, the quantity demanded of the good also increases. This positive relationship suggests that the good is a normal good. Normal goods are those for which demand increases when income rises and decreases when income falls. These goods are considered typical or regular goods that people tend to consume more of as their income increases.

It is important to note that a positive income elasticity of demand does not necessarily imply that the good is a luxury good. Luxury goods are a subset of normal goods that have an income elasticity of demand greater than 1, indicating that their demand increases more than proportionally with income.

Correct Answer: Mughal

Solution : The Mughal Empire is associated with the Mughal architectural style, which is characterized by its intricate designs, use of domes, and incorporation of Persian, Indian, and Islamic elements.

Correct Answer: Positive; substitutes

Solution : A product or service that consumers perceive to be substantially the same as or sufficiently similar to another product is referred to as a substitutable good.
Hence coke and Pepsi Cola are substitute goods and they have a positive relationship.
So option d is the correct answer.

Correct Answer: Assertion (A) is true but Reason (R) is False

Solution : Because demand for one good rise when the price for the substitute good rises, the cross elasticity of demand for substitute goods is always positive.
Hence A is correct but R is false.

So, correct option is "C".

Correct Answer: Fourth Five-year Plan

Solution : The Fourth Five-year Plan in India aimed to achieve the 'Hindu rate of growth', a term used to describe the low annual growth rate of the Indian economy prior to the economic reforms of the 1990s.

Correct Answer: decrease

Solution : The correct answer is (a) decrease

An increase in import payments leads to a decrease in the current account balance. Imports represent an outflow of funds from the country to pay for goods and services purchased from abroad. When import payments increase, it means that the country is spending more on imports, which reduces the current account balance. This is because imports are recorded as a debit (negative) item in the current account, reflecting the outflow of funds from the country.

Correct Answer: Political mobilization of peasants  
 

Solution : The success of land reforms in different regions of India was significantly influenced by the political mobilization of peasants, which determined the extent of pressure on the government to implement reforms effectively.