economics Flashcards
(27 cards)
New Development Bank approves __________, ________ and ________ as a new member
NDB established by:
NDB total capital:
New Development Bank approves Bangladesh, UAE and Uruguay as a new member
established by: BRICS in 2015
total capital: $100 billion
Central government‟s flagship financial inclusion programme, Pradhan Mantri _________________ completes _____ years.
launched on :
Central government‟s flagship financial inclusion programme, Pradhan Mantri Jan Dhan Yojana completes seven years.
launched on : 28th august, 2014
________ City becomes India‟s first IGBC Platinum rated city, gets highest certification as Greenfield smart city
GIFT City becomes India‟s first IGBC Platinum rated city, gets highest certification as Greenfield smart city
__________ becomes world‟s first market to force Apple, Google to allow third-party app store payments
South Korea becomes world‟s first market to force Apple, Google to allow third-party app store payments
The new ________________________ report on social protection exposes the huge gaps in social protection coverage around the world, with ______ of people having no social protection at all, and a further ____ lacking full protection in line with international labour standards
best covered population:
coverage in America:
coverage Africa:
The new International Labour Organization (ILO) report on social protection exposes the huge gaps in social protection coverage around the world, with 47% of people having no social protection at all, and a further 22% lacking full protection in line with international labour standards
best covered population: Europe and central Asia(84%)
coverage America: 64.3%
coverage Africa: 17.4%
Union cabinet has approved the Production Linked Incentive (PLI) scheme for the _________. PLI scheme for __________ is part of the overall announcement of PLI Schemes for ___ sectors made earlier during the Union Budget 2021-22, with an outlay of Rs. ____ lakh crore.
Union cabinet has approved the Production Linked Incentive (PLI) scheme for the textile sector. PLI scheme for Textiles is part of the overall announcement of PLI Schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs. 1.97 lakh crore.
The 15th Finance Commission has tied grants of Rs. _________ crore to ensure more funds to gram panchayats to make their water supply and sanitation-related plans, the Ministry of Jal Shakti said.
the 15th Finance Commission had recommended Rs. ________ crore to RLBs/PRIs for the period 2021-22 to 2025-26, it added.
The 15th Finance Commission has recommended that states, along with ________ and _______________, be given ____ percent share in the divisible tax pool
Excluding the union territories of ________ and __________, the tax devolution share suggested by the Finance Commission is ____ percent of the total divisible pool
The 15th Finance Commission has tied grants of Rs. 1,42,084 crore to ensure more funds to gram panchayats to make their water supply and sanitation-related plans, the Ministry of Jal Shakti said.
the 15th Finance Commission had recommended Rs. 2,36,805 crore to RLBs/PRIs for the period 2021-22 to 2025-26, it added.
Excluding the union territories of Ladakh and Jammu and Kashmir, the tax devolution share suggested by the Finance Commission is 41 percent of the total divisible pool
The 15th Finance Commission, for horizontal devolution, it has suggested ____ weightage to demographic performance, ____ to income distance, ____ each to population and area, ____ to forest and ecology and ____ to tax and fiscal efforts.
article for finance commission:
chairman of the first finance commission:
chairman of 15th comm -
The 15th Finance Commission, for horizontal devolution, it has suggested 12.5% weightage to demographic performance, 45% to income distance, 15% each to population and area, 10% to forest and ecology and 2.5% to tax and fiscal efforts.
Under Article 280 of the Constitution, the President of India is required to constitute a Finance Commission at an interval of five years or earlier
first chairman of finance comm. - KC NEOGY
chairman of 15th comm - NK singh
The Union Cabinet allowed ______ foreign direct investment (FDI) in the country‘s telecom sector via the ____________ route, adding all safeguards will apply. Till now, only _______ of FDI was allowed through the automatic route and anything beyond this had to necessarily go through the government route
Firms from neighbouring countries including _______ and ______, however, will not be allowed to invest under the automatic route
The Union Cabinet allowed 100% foreign direct investment (FDI) in the country‘s telecom sector via the automatic route, adding all safeguards will apply. Till now, only 49% of FDI was allowed through the automatic route and anything beyond this had to necessarily go through the government route.
Firms from neighbouring countries including Pakistan and China, however, will not be allowed to invest under the automatic route
_________ launches India‘s first FASTag-based facility at Delhi Metro parking
Paytm launches India‘s first FASTag-based facility at Delhi Metro parking
_______________ conducted the ____________________ which unfolded that the wealthiest 10 percent Indians possess ___ percent of total urban area assets and ____ percent in the rural region.
areas with highest income inequality:
Least income skewed area:
National Sample Survey conducted the All India Debt & Investment Survey in 2019 which unfolded that the wealthiest 10 percent Indians possess 55.7 percent of total urban area assets and 50.8 percent in the rural region.
areas with highest income inequality: Delhi, Punjab, Haryana, Madhya Pradesh, Uttar Pradesh
Least Income skewed area: Jammu with top 10% owning 32% of total
India, _______________ announce linking of UPI and _________ fast payment systems
India, Singapore announce linking of UPI and PayNow fast payment systems
Launch of Largest Licenced NFT Platform - ___________
Launch of Largest Licenced NFT Platform - Colexion
______ first Indian entity to issue Euro green bond
PFC formed in :
PFC became maharatna in :
total maharatnas:
PFC first Indian entity to issue Euro green bond
PFC formed in : 1986
PFC became maharatna in : 2021
Total Maharatnas: 11
Sajjan Jindal-promoted _________has become the first steelmaker in the world to issue sustainability linked bonds (SLBs),
Sajjan Jindal-promoted JSW Steel has become the first steelmaker in the world to issue sustainability linked bonds (SLBs),
________ becomes first state in India to start Vehicle Registration under New ‗BH‘ Series
The central government by amending _______ of the Central Motor Vehicle Rules, _____
Odisha becomes first state in India to start Vehicle Registration under New ‗BH‘ Series
The central government by amending Rule 47 of the Central Motor Vehicle Rules, 1989
________ first Indian tech company to cross $200 billion market cap
TCS first Indian tech company to cross $200 billion market cap
The World Bank would discontinue the practice of issuing ___________ report following an investigation prompted by internal reports of ―data irregularities‖ in its ________- and ______ editions
Current MD of IMF:
countries flagged for data fudging: China, Azerbaijan, Saudi Arabia and UAE
India rank in 2019: 63
world bank established on:
president of world bank:
The World Bank would discontinue the practice of issuing Doing Business report following an investigation prompted by internal reports of ―data irregularities‖ in its 2018 and 2020 editions
Current MD of IMF: Georgieva
world bank established in: 1944
president of world bank: David Robert Malpass (since 2019)
India has climbed two spots to ___ in the Global Innovation Index (GII) 2021 prepared by the ___________________________.
From ______ in 2015, it has moved to 46 in 2021.
It takes ________ place in the lower middle-income group
India has climbed two spots to 46 in the Global Innovation Index (GII) 2021 prepared by the World Intellectual Property Organization (WIPO).
From 81 in 2015, it has moved to 46 in 2021.
It takes second place in the lower middle-income group
The World Intellectual Property Organization (WIPO) is one of the \_\_\_\_\_ specialized agencies of the United Nations (UN WIPO established in \_\_\_\_\_\_\_ began operations on: current director general: headquarters: total members:
The World Intellectual Property Organization (WIPO) is one of the 15 specialized agencies of the United Nations (UN)
WIPO established in: 1967
began operations on: 26th April 1970
current director general: Daren Tang(Singapore)
headquarters: Geneva, Switzerland
total members: 193
Reserve Bank of India conducted open market purchase of Government Securities under the __________________ for an aggregate amount of ______ crore rupees.
Core Banking Solution for RBI
Reserve Bank of India conducted open market purchase of Government Securities under the G-Sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of 15,000 crore rupees.
COre Banking Solution for RBI: E-Kuber
The _____________- becomes the first major Western central bank to raise interest rates following the onset of the coronavirus pandemic
The Norges Bank (norway) becomes the first major Western central bank to raise interest rates following the onset of the coronavirus pandemic
NHPC‘s ____________________Power Station conferred with ‗Blue Planet Prize‘ by IHA
NHPC‘s 510 MW Teesta-V Power Station conferred with ‗Blue Planet Prize‘ by IHA
RBI allows banks to sell ‗fraud loans‘ to _____
RBI allows banks to sell ‗fraud loans‘ to ARCs
