Reading Comprehension

Based on the following diagram answer the question:

Read the below paragraph carefully ansewr the question:
Case study
Poverty has many faces, which have been changing from place to place and across time and has been described in many ways. In pre-independent India, Dadabhai Naoroji was first to discuss the concept of poverty line. In post-independent India, there have been several attempts to work out a mechanism to identify the number of poor in the country. The official data on poverty is made to the public by the planning commission. It is estimated on the basis of consumption expenditure data collected by the National Sample Survey organisation. Most poverty alleviation programmes implemented are based on the perspective of the five year plans. The government has a variety of programmes to generate wage employment for the poor unskilled people living in rural area.

Based on following paragraph answer the question:
Goods and service tax is the single comprehensive indirect tax implemented on July 1, 2017. It is a destination based tax that has Input Tax Credit in the supply chain. GST is applicable throughout the country.
GST is considered the biggest tax reform since independence. It is implemented through 101th Constitutional Amendment Act.
The aim of GST is to reduce the cost of business operations and cascading effect of various taxes. By implementing GST it is expected that GDP will rise by about 2%. Compliance will also be easier as all tax payment related services are available online through a common portal. GST has expanded the tax base and introduced higher transparency in the taxation system.

Read the case study given below and answer the question :
The Budget document relates to the receipts and expenditure of the government for a particular financial year, the impact of it will be there in subsequent years. There is a need therefore to have two accounts, those that relate to the current financial year only one included in the revenue account (also called revenue budget) and those that concern the assets and liabilities of the government into the capital account (also called capital budget).

Read the case study given below and answer the question :
In reality working of an economy is much complex than a society. During the course of basic economic problems, every society has to face scarcity of resources. This scarcity gives rise to economic problems. Every society must decide on how much of each of the many possible goods and services, it will produce. Problems of technology to be adopted also arises in due course of time. Who gets how much of produced goods and how should this produce will be distributed among the individuals in the economy are problems, which are being faced by an economy.

Growth of GDP and major sectors (in %)-

Sectors	1980-1991	1992-2001	2002-2007	2007-2012	2012-2017
					Target I	Target II
Agriculture	3,6	3,3	2,3	3,2	4,0	4,2
Industry	7,1	6,5	9,4	7,4	9,6	10,9
Services	6,7	8,2	7,8	10,0	10,0	10,0
Total	5,6	6,4	7,8	8,2	9,0	9,5

On 21st December, 2022 the Reserve Bank of India has declared its monetary policy and as per the source https://rbidocs.rbi.org.in the extract of the the Minutes of the Monetary Policy Committee meeting has been given below.
December 5-07, 2022 (Under Section 45ZL of the Reserve Bank of India Act. 1934) The fortieth meeting of the Monetary Policy committee, constituted under Section 452B of Reserve Bank of India Act-1934, was held during December 5-7, 2022. The Committee decided to increase the lending rate by 35 basis points to 6.25 percent with immediate effects. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.
On the basis of this article answer the question.

The quantity of a good that the consumer chooses can increase or decrease with the rise in the price of a related goods depending on whether the two goods are substitutes or complementary to each other. Goods which are consumed together are called complementary goods. Examples of goods which are complement to each other include tea and sugar, shoes and socks, pen and ink, etc. Since tea and sugar are used together, an increase in the price of sugar is likely to decrease the demand for tea and decrease in the price of sugar is likely to increase the demand for tea. Similar is the case with other complements. In general, the demand for a good moves in the opposite direction of the price of its complementary goods.

When at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product in market reaches its equilibrium. Aggregate demand for final goods consist of ex-ante consumption, ex-ante investment, government spending etc. The rate of increase in ex-ante consumption due to a unit increase in income is called marginal propensity to consume.