Solution : c)

Unattempted. Explanation :-

Both the statements are correct. The services sector's significance in the Indian economy has continued to increase, with the sector now accounting for around 55 per cent of the total size of the economy and GVA growth, two-thirds of total FDI inflows into India and about 38 per cent of total exports.  

Source)

https://www.indiabudget.gov.in/economicsurvey/doc/vol2chapter/echap09_vol2.pdf

Solution : d)

Unattempted. Explanation :-

The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results conducted on manufacturing firms throughout the country. It is compiled by IHS Markit from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. 

PMI is an indicator of business activity-both in the manufacturing and services sectors. It is a survey-based measure that asks respondents about changes in their perception of some key business variables from months before. It is calculated separately for the manufacturing and services sectors and then composite index is constructed. The index figure above 50 denotes expansion in business activity and anything below 50 denotes contraction. PMI is usually released at start of month, much before most of official data on industrial output, manufacturing and GDP growth is made available. It is, therefore, considered a good leading indicator of economic activity. Manufacturing growth measured by PMI is considered good indicator of industrial output.

Source)

https://www.thehindubusinessline.com/economy/manufacturing-pmi-drops-to-2-year-low-in-october/article29850785.ece

Solution : d)

Unattempted. Explanation :-

Solution : a)

Unattempted. Explanation :-

Statement 1 is correct. According to WTO data, India's share in the world's commercial services exports has risen steadily over the past decade to reach 3.5 per cent in 2018, twice the share in the world's merchandise exports at 1.7 per cent.

Statement 2 is incorrect. India now ranks 8th among the world’s largest commercial services exporters and continues to register strong growth performance relative to the other major services-exporting countries as well as world services export growth. 

Source)

https://www.indiabudget.gov.in/economicsurvey/doc/vol2chapter/echap09_vol2.pdf

Solution : d)

Unattempted. Explanation :-

All the statements are correct. 

FDI is an investment by non-resident entities like MNCs to carry out business operations in India with the management of investment, production of goods or services, employing people and marketing their products. In FDI, both the ownership and control of the firm remains with the investor. Thus, FDI helps in technology transfer from developed countries to developing countries. 

FPI is an investment aimed at getting profits from shares, interests from deposits etc. Thus, it is known as hot money. The portfolio investors stay his money in the capital market only for a short period of time. Its destination period is so small and is empirically considered as fluctuating (often short-term) capital. It is highly volatile, a fair weather friend, speculative, involves exchange risks and may lead to capital flight and currency crisis affecting real economic variables. 

It is destabilizing in the foreign exchange market. Fluctuations in the mobility of FPI affects the foreign exchange rate, domestic money supply, value of rupee, call money rates, security market etc. 

FII (Foreign Institutional Inflows) inflows depend on two factors: first, return potential of the destination market (host country) and second availability of risk capital at source geographies (home market; countries like the US). A change in the environment in any of these will result in quick reversal of the flows.

Source)

https://economictimes.indiatimes.com/is-fdi-preferable-to-fii/articleshow/1593680.cms

Solution : a)

Unattempted. Explanation :-

The World Travel and Tourism Competitiveness Index is released by the World Economic Forum.

In the 2019 index, India has moved up six places to rank 34th. India was ranked 40th in 2018.

As per this index, Spain, France, Germany, Japan and the United States are the world’s most travel-ready nations.

Source)

http://www3.weforum.org/docs/WEF_TTCR_2019.pdf

Economic Survey 2019-20; Page number 266

Solution : b)

Unattempted. Explanation :-

Statement 1 is incorrect.  GAGAN (GPS Aided Geo Augmented Navigation) is a joint project between ISRO and the Airports Authority of India (AAI).

The Indian Space Research Organization (ISRO) and Airports Authority of India (AAI) have implemented the GPS Aided Geo Augmented Navigation-GAGAN project as a Satellite-Based Augmentation System (SBAS) for the Indian Airspace. The objective of GAGAN to establish, deploy and certify satellite based augmentation systems for safety-of-life civil aviation applications in India has been successfully completed. The system is interoperable with other international SBAS systems like US-WAAS, European EGNOS, and Japanese MSAS etc. Hence, statement 2 is correct.

GAGAN GEO footprint extends from Africa to Australia and has expansion capability for seamless navigation services across the region. GAGAN provides the additional accuracy, availability, and integrity necessary for all phases of flight, from enroute through approach for all qualified airports within the GAGAN service volume. GAGAN Payload is already operational through GSAT-8 and GSAT-10 satellites. The third GAGAN payload will be carried onboard GSAT-15 satellite which is scheduled for launch this year.

Source)

https://www.indiabudget.gov.in/economicsurvey/doc/vol2chapter/echap09_vol2.pdf

https://www.isro.gov.in/applications/step-towards-initial-satellite-based-navigation-services-india-gagan-irnss