Question
Which of the following is not correct ?
The correct answer is
Vivad-se Vishwas' is an initiative to settle international trade disputes in India.
Identifying the Incorrect Statement on Indian Economy
The question asks to identify the incorrect statement among the given options related to India's economic policies and initiatives.
Analysis of Statements
- Statement 1: Market Determined Exchange Rate: Post the 1991 economic reforms, India gradually moved towards a market-determined exchange rate system for its currency. This statement is generally correct.
- Statement 2: Exchange Rate Pre-Reform: In the period before the 1991 reforms, the Indian Rupee was often kept artificially strong (overvalued) by the government. This was done to make imports cheaper but it hindered exports. This statement is correct.
- Statement 3: Paperless Trade Facilitation: Modern international trade standards, aligned with agreements like the WTO's Trade Facilitation Agreement, emphasize digitalization and reducing paperwork ('paperless procedures') to streamline customs and trade processes. This statement is correct.
- Statement 4: 'Vivad se Vishwas' Purpose: The 'Vivad se Vishwas' scheme was introduced by the Indian government specifically to provide a one-time settlement for outstanding direct tax disputes (income tax and corporate tax). It is not an initiative for settling international trade disputes. Therefore, this statement is incorrect.
Conclusion
Based on the analysis, the statement incorrectly describing the purpose of the 'Vivad se Vishwas' initiative is the false one.
Incorrect Statement: 'Vivad-se Vishwas' is an initiative to settle international trade disputes in India.
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Important Questions from Miscellaneous
- Which of the following relationships is/are not true?
(A). Most probable velocity = $\sqrt{\frac{2RT}{M}}$
(B). PV = $\frac{3}{2}kT$
(C). Compressibility factor Z = $\frac{pV}{nRT}$
(D). Average kinetic energy of gas = $\frac{1}{2}kT$
Choose the correct answer from the options given below - Match List-I with List-II
List-I List-II Electronic Configuration First Ionisation energy (kJ mol$^{-1}$) (A). ns$^2$ (I). 2100 (B). ns$^2$np$^1$ (II). 1400 (C). ns$^2$np$^3$ (III). 800 (D). ns$^2$np$^6$ (IV). 900
Choose the correct answer from the options given below: - The shielding constant of a 2p electron (calculated using Slater's rules) is
- Match List-I with List-II
List-I List-II Spectroscopy Property (A). Raman (I). Polarizability (B). FTIR (II). Dipole Moment (C). UV-Visible (III). Absorbance (D). NMR (IV). Spin
Choose the correct answer from the options given below: - The structure of protein comprises of:
(A). Primary structure of protein is associated with amino acids
(B). Secondary structure of protein is associated to peptides
(C). Tertiary structure of protein is associated with polypeptide chains
(D). Quaternary structure of protein is associated with polypeptide chains
Choose the correct answer from the options given below:
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