Economy - India

A rapid increase in the rate of inflation is sometimes attributed to the "base effect ". What is "base effect "?

Consider the following actions which the Government can take:
1. Devaluing the domestic currency.
2. Reduction in the export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from           FIIs. 
Which of the above action/actions can help in reducing the current account deficit ? 

In terms of economy, the visit by foreign nationals to withness the XIX common Wealth Games in India amounted to 

Regarding international Monetary Fund, which one of the following statements is correct ?

With reference to Indian economy, consider the following statements:
1. The Gross Domestic Product (GDP) has increased by four times in the last 10     years.
2. The percentage share of Public sector in GDP has declined in the last 10             years.
Which of the statements given above is/are correct ?