Which of the following statement(s) is/are correct about the ‘Liberalised Remittance Scheme’?

1. The scheme was launched by the Department of Revenue (Ministry of Finance) in 2004.

2. According to the prevailing regulations, resident individuals of India may remit up to $250,000 per financial year.

3. Such remittances cannot include investment in shares, debt instruments and purchase of immovable properties.

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Which of the following statement(s) is/are correct about the ‘Primary Agricultural Credit Societies’?

1. They constitute the topmost tier of the three-tier Short-term cooperative credit in the country comprising of nearly 1.2 crore farmers as its members.

2. They are outside the purview of the Banking Regulation Act, 1949 and hence not regulated by the RBI.

3. They provide short and medium-term loans only to its members.

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Which of the following countries share their territorial borders with the ‘Black Sea’?

1. Turkey

2. Iran

3. Georgia

4. Moldova

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Which of the following statement(s) is/are correct about the ‘minimum age of marriage for women’?

1. In India, the minimum age of marriage for women is decided to be 18 as per the provisions of the Indian Majority Act, 1875.

2. The minimum age of marriage is applicable only to the Hindu Marriage Act, 1955 which subsequently prohibits child marriage within the larger ‘Hindu’ community that includes Buddhists, Sikhs and Jains.

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Which of the following statement(s) is/are correct?

1. Core inflation is the change in costs of goods and services but does not include those from the food and energy sectors.

2. Because of the absence of food and energy sectors, core inflation is not used by the central banks to achieve the objective of controlling total inflation.

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