Question
Which of the following statements regarding the Member
of Parliament Local Area Development Scheme are correct? 1. The nodal ministry for the scheme is the Ministry of Statistics and Programme Implementation. 2. Funds released under the scheme are non-lapsable. 3. The role of the Member of Parliament is limited to recommending works. 4. The scheme is confined to the State from which the Member of Parliament is elected (Lok Sabha). However, a Member of Parliament from Rajya Sabha can recommend works anywhere in the country. Select the correct answer using the code given below:Solution
The correct answer is B
The 'Sacrifice Ratio' in the context of the Phillips Curve refers to:
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