While comparing the GDP of any two economies, we adjust for price level differences between the two economies using this tool? (Topic : Growth Measurement) – 1 Marker

While comparing the GDP of any two economies, we adjust for price leve

1.	While comparing the GDP of any two economies, we adjust for price level differences between the two economies using this tool? (Topic : Growth Measurement) – 1 Marker
A.	GDF Deflator
B.	GDP per capita
C.	Purchasing Power Parity
D.	Price Index
E.	None of the above
Answer» D. Price Index

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“We don’t need no education,” crooned Pink Floyd decades ago. The Government of India eminently disagrees. It wants us and our coming generations to imbibe world class education — from ‘Institutions of Eminence’. Miffed that even the best Indian academic institutions did not make it to the lists of top ranked global universities and did not produce enough cutting-edge research, the government decided that something needed to be done. The answer: Institutions of Eminence. The hunt began last year with the University Grants Commission tasked with selecting 10 government universities and 10 private ones that would be a cut above the rest. These Institutions of Eminence would be given significant autonomy in operations — from setting their curriculum and recruiting foreign faculty to entering academic tie-ups. The selected government institutions would also be given up to Rs 1,000 crore over five years to help them become world-class. The ultimate objective is for these Institutions of Eminence to acquire global standing in a few years. [S.3, Q.1] The Union Ministry of Human Resource Development (HRD) has granted Institution of Eminence (IoE) status to how many institutions? (Topic : Growth Measurement) – 2 Marker
The India Health Fund (IHF) has invited applications from organizations and individuals for innovations and technologies designed to combat two major diseases that account for over 423,000 deaths and around 1.5 million confirmed cases respectively on an annual basis in India. The IHF aims to support new products and strategies that impact the entire lifecycle of the two diseases in question, from prevention to post-cure recovery. Promotion of robust molecular diagnostic facility/pathway feasible for primary healthcare in low-resource settings for expediting diagnosis and improving accuracy of results & Use of technology and data science to strengthen surveillance of the two diseases, inform early warning systems, and improve early detection and prompt treatment, are some of the areas that the IHF has invited application on. The Indian Health Fund aims to financially support innovations and technologies designed to combat which of the following diseases? (Topic : Growth Measurement) – 2 Marker
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A day after the Cabinet gave its nod to the Prime Minister’s Research Fellows (PMRF) scheme, Human Resource Development Minister Prakash Javadekar said the initiative taken by the government will improve the quality of research. The Scheme is said to attract the best talents across the country. It will go a long way in tapping the talent pool for carrying out research indigenously in cutting-edge science and technology domains. It will address “our national priorities” on the one hand and the shortage of quality faculty in premier educational institutions on the other. The initiative will convert brain drain to brain gain. [S.1, Q.2] Under the PMRF scheme, Research grant provided to each selected fellow students for 5 years amounts to? (Topic : Growth Measurement) – 2 Marker
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While comparing the GDP of any two economies, we adjust for price level differences between the two economies using this tool? (Topic : Growth Measurement) – 1 Marker

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