Yes, it is the right answer. If the tax rate increases with the higher level of income, it is called progressive tax.

There was no plan period from 1990 - 1995. 1989 - 1991 was a period of economic instability in India and hence no five-year plan was implemented. Next plan period started from 1992 - 1997.

Population has no role in determining a consumer's demand for a commodity.

Yes, it is the main characteristic of monopoly.

It is the correct answer. Thomas Robert Malthus was the first economist to propose a systematic theory of population.

Physical quantity of life index (PQLI) was calculated by Morris David Morris.

During recession, growth is negative.

It is the right answer. 11th five year plan laid emphasis on 'faster, sustainable and inclusive growth'.

Opportunity cost is the right answer.

This is not covered under fiscal policy. It is a monetary policy.

This is levied by the state government on various forms of entertainment like cinema halls / movie theaters, ticketed exhibitions, amusement parks, etc.

Yes, it is the right answer.

Yes, it is the right answer. Economic liberalisation started on 24^th July, 1991.

It is the correct answer. Child Rights and You (CRY) is a non-profit organisation in India that aims to restore children's rights in India. It is not a rural development programme.

FICCI is not a financial institution. The FICCI (Federation of Indian Chambers of Commerce and Industry) is an association of business organisations in India.

It is the right answer. Services sector contributes to approximately 56.50% followed by industry (26.1%) and agriculture (17.4%)

WMA is a mechanism used by Reserve Bank of India.

International Bank of Reconstruction and Development is also called World Bank, and prepares world development report, annually.

It is the right answer. In economics, inflation is a persistent increase in the general price level of goods and services in an economy over a period of time.