The highest percentage of population in India in 1991 is in the age group of 5-14 years.

The capital output ratio is used to produce an output over a period of time. This ratio has a tendency to be high when capital is cheap as compared to other inputs. For instance, a country with abundant natural resources can use its resources in lieu of capital to boost its output. Hence, the resulting capital output ratio is low.

MAT or Minimum Alternative Tax was introduced in the budget of 1996-97. Under MAT, a company is required to pay a minimum tax of 7% of the book profit in case the tax on the total income computed under the normal provisions of law works out to be less than this amount.

Progressive taxation is a process in which, when the income of a person increases, rate of income tax on the income also goes up. Regressive taxation is the process according to which, when the income of a person goes up, rate of tax goes down. A progressive tax structure improves the distribution of income.

Vishakhapatnam is the port of India which handles the highest tonnage of import cargo. It is on the eastern coast of Andhra Pradesh. In 2009-10, the shipping ministry wanted Vishakhapatnam port to handle 70 million tonnes of cargo.

According to 2001 census, the correct sequence in descending order of the states for female literacy rate is Kerala-87.7%, Mizoram-86.7%, Goa-76.5% and Nagaland-61.5%.

Human development in a country depends upon the life expectancy of the individual and the standard of living of the population. Among Asian countries, Korea is the best performer in human development index. Its infant mortality rate is 6 and literacy rate is 98%.

According to the Global Competitive Report of the ‘World Economic Forum’ in 1999, Singapore occupied the first place with Index 2.12. India was at 52^nd with an Index 1.30. Russia was at the bottom with an Index 2.02.

Ranking of the States and Union Territories by density in 1991:             Sikkim                          57             Nagaland                     73             Meghalaya                   79             Manipur                        82

Per Capita Real Income is nothing but NNP at factor cost. It means national income is sum total of all factor incomes adjusted for increase in prices.

WDR or World Development Report is published by World Bank annually.

The share of the tertiary sector in the total GDP or Gross Domestic Product of India is increasing, which is a sign of economic development. This reproduces the trend shown by western countries as they were developing.

Supply-side economics argues that economic growth can be most effectively generated by lowering barriers to produce goods and services. This means adjusting income tax and capital gains tax rates, and allowing greater flexibility in the production process by reducing government regulation. According to the approach, consumers will then benefit from a greater supply of goods and services which would become available at lower prices.

In the 1981 census, the sex ratio in India was 934. By 1991, it had declined to 927 per 1000 men. In 2001 census, it rose to 933. This shows that it keeps on fluctuating, depending upon various factors.

National Income is the money value of all final goods and services produced in an economy during a financial year. At the level of an economy, value of final goods and services is equal to the total income of all factors of production viz. labour, capital, land and entrepreneurship.

The correct answer is (1).