‘Hindu’ rate of growth was coined to refer to the phenomenon of sluggishness in growth rate of Indian economy (3.5 per cent observed persistently during 1950s through 1980s).
The term, which owes to Professor Raj Krishna, Member, Planning Commission, captured popular imagination and was used synonymously to describe inadequacy of India’s growth performance.

Since it allows specialization of production, statement a) is correct. Statement b) is a natural consequence of more producers of the same product or service.
Since exporters can tap domestic as well as foreign markets, they can produce more, reduce costs and thus reap economies of scale. So, statement c) is also correct.
Statement d) is not a valid argument out of the all four. Globalization along with free trade can adversely affect the economies of developing countries by not giving equal playing field by imposing conditions which are unfavorable.

In the short run, another factor that is important in determining exchange rate movements is the interest rate differential i.e. the difference between interest rates between countries. There are huge funds owned by banks multinational corporations and wealthy individuals which move around the world in search of the highest interest rates.

The yield curve is a graph showing the relationship between interest rates earned on lending money for different durations.
Normally, someone who lent to the government or a corporation for one year (by buying a one-year government or corporate bond) would expect to get a lower interest rate than someone who lent for five or ten years, making the yield curve upward-sloping.
Recently in US, the ten-year bond rate had fallen to the point at which the ten-year rate was below the two-year rate – so the yield curve is inverted.
The yield curve turns negative when near-term Treasurys yield more than their long-term counterparts.

The Market Intervention Scheme (MIS) is an ad-hoc scheme under which are included horticultural commodities and other agricultural commodities which are perishable in nature and which are not covered under the minimum price support scheme. In order to protect the growers of these horticultural/agricultural commodities from making distress sale in the event of bumper crop during the peak arrival period when prices fall to very low level, Government implements M.I.S. for a particular commodity on the request of a State Government concerned.
Losses suffered are shared on 50:50 basis between Central Government and the State.