State weather the following statement is true or false:

‘The latest demonetization of currency was undertaken by the Government of India on November 8, 2016 1

‘An economy is operating at under-employment level of income’. What is meant by the given statement? Discuss one fiscal measure and one monetary measure to tackle the situation.6

Name any two taxes which were subsumed in Goods and Services Tax (GST). 1

Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I: 1

Agriculture marketing does not comprise of ……………..…(Choose the correct alternative)