RL ECO 3 Flashcards
(277 cards)
1
Q
●In 1999, the ____ Railway Corporation introducedthe Roll On Roll Off (RORO) service, a uniqueroad-rail synergy system, on the section betweenKolad in Maharashtra and Verna in Goa, whichwas extended up to Surathkal in Karnataka in2004.
A
Konkan
2
Q
●The gilt-edged market refers to the market forGovernment and semi-government securities,backed by the ____.
A
Reserve Bank of India
3
Q
●The Ministry of Power, the apex body responsible forthe development of electrical energy in India,started functioning independently from 2 July,1992; earlier, it was known as the Ministry of____.
A
Energy
4
Q
●Airports Authority of India (AAI) was constituted on1st April, ____ by merging erstwhile NationalAirports Authority (NAA) and InternationalAirports Authority of India (IAAI).
A
1995
5
Q
●At the beginning of the 10th Plan, the capacity of themajor ports was 343.95 MTPA which hasincreased to ____ MTPA at the end of the 10thPlan thereby achieving the capacity addition160.80 MTPA.
A
504.75
6
Q
●The 12 Major Ports (including the Port of Ennorewhich is a corporate port set up under the IndianCompanies Act, _____) are evenly spread out onthe Eastern and Western coast.
A
1956
7
Q
●Indian economic policy after independence wasinfluenced by the colonial experience (which wasseen by Indian leaders as exploitative in nature)and by those leaders’ exposure to ____ socialism.
A
Fabian
8
Q
●The Fourth Plan (____) aimed at accelerating thetempo of development of reducing fluctuations inagricultural production as well as the impact ofuncertainties of foreign aid.
A
1969-74
9
Q
●GNP can be calculated using the following formula:GNP= ___+ Net factor income from abroad where,Net factor income from abroad = differencebetween income earned in foreign countries byresidents of a country and income earned by non-residents in that country.
A
GDP
10
Q
●The net domestic product (NDP) is the equivalentapplication of NNP within macroeconomics, andNDP is equal to gross domestic product (GDP)minus depreciation: NDP =____.
A
GDP -depreciation
11
Q
●The situation created by the Indo-Pakistan conflict in1965, two successive years of severe drought,devaluation of the currency, general rise in pricesand erosion of resources available for Planpurposes delayed the finalization of the ____ FiveYear Plan.
A
Fourth
12
Q
●Software Technology Park schemes provide facilitiesfor the IT industry, helping them undertakesoftware development and IT enabled services for____ exports that include professional services.
A
100%
13
Q
●____ retailing refers to the traditional formats of low-cost retailing, for example, the local kirana shops,owner manned general stores, paan/beedi shops,convenience stores, hand cart and pavementvendors, etc.
A
Unorganised
14
Q
●Although India is still a net importer, since ____ itsoverall balance of payments (i.e., including thecapital account balance) has been positive, largelyon account of increased foreign direct investmentand deposits from non-resident Indians.
A
1996-97
15
Q
●In India, External Commercial Borrowings are beingpermitted by the Government for providing anadditional source of funds to Indian corporates,with the _____ monitoring and regulating theseborrowings.
A
Ministry of Finance
16
Q
●Foreign direct investment is a measure of foreignownership of productive assets, such as factories,mines and land; increasing foreign investment canbe used as one measure of growing _____.
A
economic globalization
17
Q
●Foreign Investments in equity capital of an Indiancompany under the ____ Scheme are not withinthe ambit of FDI policy and are governed byseparate regulations of RBI/Securities andExchange Board of India.
A
Portfolio Investment
18
Q
●Under The Coinage Act, ____, the Government ofIndia is charged with the responsibility of theproduction and supply of coins to the ReserveBank of India.
A
1906
19
Q
●____ are financial institutions that provide bankingservices without meeting the legal definition of abank, i.e. one that does not hold a banking license.
A
NBFCs
20
Q
●_____ intervention in currency markets is solely todeliver low volatility in the exchange rates, andnot to take a view on the rate or direction of theIndian rupee in relation to other currencies.
A
RBI
21
Q
●The Indian money market is classified into: theorganised sector (comprising private, public andforeign owned commercial banks and cooperativebanks, together known as____); and theunorganised sector (comprising individual orfamily owned indigenous bankers or moneylenders and non-banking financial companies(NBFCs).
A
scheduled banks
22
Q
●The Hydrocarbons Vision - ____ lays down theframework which would guide the policiesrelating to the hydrocarbons sector.
A
2025
23
Q
●In economics, the inflation rate is a measure ofinflation, the rate of increase of a price index (forexample, a consumer price index); it is thepercentage ____ level over time.
A
rate of changein price
24
Q
●Foreign exchange reserves (also called Forexreserves) in a strict sense are only the foreigncurrency deposits and bonds held by centralbanks and monetary authorities; however, theterm in popular usage commonly includes foreignexchange and gold, SDRs and ____ positions.
A
IMF reserve
25
What appear on the company's balance sheet andinclude short term debt, accounts payable,accrued liabilities and other debts?
Currentliabilities
26
"●The Rabi crop is the spring harvest (also known asthe ""____"") in India and Pakistan; the main Rabicrops are: Wheat; Barley; Mustard; Sesame;Peas; Oats. Soyabean and groundnut are kharifcrops."
winter crop
27
●A domestic production subsidy is a payment made bya government to firms in a particular industrybased on the output or production; the subsidycan be specified either as an ____ subsidy (% ofthe value of production) or as a specific subsidy(dollar payment per unit of output).
ad valorem
28
●A Direct tax is a kind of charge, which is imposeddirectly on the taxpayer; the examples of directtax include ____ and income tax; one of theexamples of direct taxes include capital gains tax,personal income tax, tax on corporate income, andtax incentives.
property tax
29
●Which Indian state has the largest area and highestproduction of large brown cardamom in India?
Sikkim
30
●____ Expenditure is a generic term, which is used tocover all expenditure of Government not includedin the Plan; it includes both developmental andnon-developmental expenditure.
Non-Plan
31
●M3 is measure of the stock of money in the nationwith reference to which monetary targets are setby the Reserve Bank of India; it is also called____.
'Broad Money'
32
●Which country is the largest producer in the world ofmilk, cashew nuts, coconuts, tea, ginger, turmericand black pepper?
India
33
"●Which crop is the spring harvest (also known as the""winter crop"") in India and Pakistan?"
Rabicrop
34
●Nikkei 225 is a stock market index for which StockExchange?
Tokyo
35
●Under the 11th Plan period, 59,693 MW is slated tocome from thermal projects, whereas hydro andnuclear projects are expected to generate 15,267MW and ____, respectively.
3,380 MW
36
●The Finance Commission is established under whicharticle of the Constitution of India by thePresident?
Article 280
37
●The Sagarmala project was announced by the formerPrime Minister, A.B. Vajpayee, on August 14,2003 involving rapid capacity expansion andmodernisation of ____.
ports
38
●____ is loaned, in the call market, which can bedemanded for repayment on call, i.e., immediately.
Call Money
39
●A ____ is an international bond that is denominatedin a currency not native to the country where it isissued.
Eurobond
40
●____ (near-prime, non-prime, or second-chancelending) in finance means making loans that are inthe riskiest category of consumer loans and aretypically sold in a separate market from primeloans.
Subprime lending
41
●A ____ is a foreign-exchange agreement between twoparties to exchange aspects (namely the principaland/or interest payments) of a loan in onecurrency for equivalent aspects of an equal in netpresent value loan in another currency.
currency swap
42
●What is the name for the rate at which Reserve Bankof India (RBI) borrows money from banks?
Reverse Repo
43
●In economics and finance, ____ is the practice oftaking advantage of a price difference betweentwo or more markets: striking a combination ofmatching deals that capitalize upon the imbalance,the profit being the difference between the marketprices.
arbitrage
44
●A ____ is an investment fund open to a limited rangeof investors that undertakes a wider range ofinvestment and trading activities in addition totraditional long-only investment funds.
hedgefund
45
●Indian depository receipts (IDR) are derivativeinstruments like Global Depository Receipts(GDRs) and American depository receipts (ADRs)that have shares as the ____.
underlying assets
46
●Bank rate is the rate of interest which a central bankcharges on the loans and advances that it extendsto commercial banks and other financialintermediaries. By what other name is it alsoknown?
Discount rate
47
Removal of poverty was the foremost objective of theSixth Plan (___). The strategy adopted was tomove simultaneously towards strengthening theinfrastructure for both agriculture and industry.
1980-85
48
●There's a whole range of non-institutional lenders,such as mortgage companies, title companies,universities, _____ and individual investors suchas money lenders.
Pension funds
49
●In economics which curve depicts the relationshipbetween the price of a certain commodity, and theamount of it that consumers are willing and ableto purchase at that given price?
Demand curve
50
●The Organisation for Economic Co-operation andDevelopment (OECD) identifies three key factorsin considering whether a jurisdiction is a taxhaven: Nil or only nominal taxes; Protection ofpersonal financial information; and lack of ____.
Transparency
51
●Under Article ____ of the constitution, a statement ofestimated receipts and expenditure, called the'Annual Financial Statement', has to be placedbefore Parliament for each financial year.
112
52
●When the government fails to check inflation, it raisesincome tax and the corporate tax. Such a tax iscalled by what name which concerns with therevenue from taxation in the period of inflation?
Buoyancy
53
●What is the term for a tax on company's profit whichis a direct tax, calculated on profits after interestpayments and allowance (i.e., Capital allowance)have been deducted but before dividends areallowed for?
Corporation Tax
54
"●Maintaining a buffer stock is an importantconstituent of the government's food policy, asagriculture in India still remains dependent on thevagaries of nature. The buying is done by the FCIfrom the farmers at MSP, this buying is known as""____."""
captive buying
55
●Bhakra-Nangal Project is a joint venture of Punjab,Haryana and ___ state governments. It is thelargest multipurpose project of the country andthe highest gravity dam in the world.
Rajasthan
56
●Agricultural productivity may be defined as the totalagricultural output per unit area of cultivatedarea, per agricultural worker or per unit of inputin _____.
monetary values
57
●As per the Income Tax Act 1961, the assesse whosetotal income level is more than the maximumexemption limit, are under the domain ofchargeable Income Tax and he has to pay theIncome Tax at the rates stated in the provisions ofthe ___.
Finance Act
58
●In India, The ____ governments are empowered bythe state government to levy property tax, Octroiand charge users for public utilities like watersupply, sewage etc.
local
59
●As per which section of Income Tax Act, 1961 longterm capital gains on shares or securities ormutual funds on which Securities Transaction Tax(STT) has been deducted and paid, no tax ispayable?
Section 10(38)
60
"●The Agricultural Produce (Grading and Marking)Act, _____, empowers the Government to fixquality standards, known as ""AGMARK""standards and to prescribe terms and conditionsfor using the seal of 'AGMARK'."
1937
61
●The Scheme of Watershed Development Project inShifting Cultivation Areas was launched in sevenNorth-Eastern States during the ______Plan from1994-95 with 100 per cent Central assistance tothe State Plan.
Eighth
62
●___ of a country is a systematic record of all economictransactions completed between its residents andthe residents of remaining world during a year.
Balance of payment
63
●____ is a tax which is imposed on certain indigenousproduction (e.g., petroleum products, cigarettesetc.) of the country.
Excise Duty
64
●_____ is a market where the speculators buy sharesor commodities in anticipation of rising prices.
Bull Market
65
●The Central Government has established AppellateTribunal for Electricity under ____ of theElectricity Act, 2003 on 7 April 2004.
Section110
66
●_____ was the first person that originally conceivedthe idea of networking of the rivers about twocenturies ago, but idea of interlinking of Indianrivers was revived independently by M.Viveswarayya, K.L.Rao, and D.T.Dastur.
Arthur
67
●______ is a fund used for meeting emergencies wherethe Government cannot wait for an authorisationof the Parliament.
Contingency
68
●______ is a term used by stock exchange whichspecifies the particular stock or share which dealsin frequent and regular transactions. It helps thebuyers to obtain reasonably large amounts at anytime.
Active Market
69
●GDP was first developed by whom for a US Congressreport in 1934, who immediately said not to use itas a measure for welfare?
Simon Kuznets
70
●What is not a measurement of the standard of livingin an economy; however, it is often used as such anindicator, on the rationale that all citizens wouldbenefit from their country's increased economicproduction?
GDP per capita
71
●The Index of Sustainable Economic Welfare (ISEW)is an economic indicator intended to replace theGross Domestic Product, which is the mainmacroeconomic indicator of System of NationalAccounts (SNA). It is similar to which otherindicator?
Genuine Progress Indicator
72
●What is the term for a central bank regulation thatsets the minimum reserves each commercial bankmust hold (rather than lend out) of customerdeposits and notes?
Cash reserve ratio
73
●Ensuring environmental sustainability of thedevelopment process through social mobilizationand participation of people at all level was one ofthe specific objectives of which five year Plan ofIndia?
Ninth Five Year Plan
74
●What is the process by which monetary authority of acountry, generally a central bank controls thesupply of money in the economy by exercising itscontrol over interest rates in order to maintainprice stability and achieve high economic growth?
Monetary policy
75
●The budget has to be passed by the Lok Sabha beforeit can come into effect on _____, the start ofIndia's fiscal year.
April 1
76
●What is the term for bank regulation that financialinstitutions and other regulated companies mustperform to identify their clients and ascertainrelevant information pertinent to doing financialbusiness with them?
Know your customer(KYC)
77
●What is the term for that system which consists ofnon-depository banks and other financial entitiesthat grew in size dramatically after the year 2000and play an increasingly critical role in lendingbusinesses the money necessary to operate?
Shadow Financial System
78
●A Working Group under ____ on NBFCs has, interalia, examined the issues related to the regulatorygaps and arbitrage opportunities that exist in theShadow Financial system.
Usha Thorat
79
●What is the term for computer language that enablesdocuments to be read electronically and promisesto web-enable the financial reporting process forboth preparers and consumers?
XtensibleBusiness Reporting Language (XBRL)
80
●Rupay, launched in 2011, is being tagged as India'sanswer to MasterCard and Visa. Which bankbecame the first to give out a batch of automatedteller machines (ATM)-cum-debit cards to UniqueIdentification (UID) number holders?
Bank ofIndia
81
●In the context of Indian economy, what is consideredto be the main determinant of the level of activityis in national income terms?
RealizedInvestment
82
●The first step towards electronic bond trading inIndia was the introduction of the RBIs NegotiatedDealing System. In which year NDS waslaunched?
2002
83
●The story of banking in India starts from Bank ofHindusthan established in ____ and it was firstbank at Calcutta under European management.
1770
84
●In economics, what term is used for a hypotheticalrepresentation of the relationship betweengovernment revenue raised by taxation and allpossible rates of taxation which is used toillustrate the concept of taxable income elasticity?
Laffer curve
85
●What deals with the technique where parentcompanies sell goods and services to subsidiaryentities at an inflated price to deliberately reduceprofits and tax liability?
Transfer Pricing
86
●What is the term for a mixed bag of commoditieswhich are essential and are price sensitive andaffect the rate of Inflation?
Sensitive Items
87
Which Industrial Policy Resolution was based uponthe Mahalanobis Model of growth whichsuggested that there should be an emphasis on theheavy industries?
Industrial Policy Resolution,1956
88
●Which was the fifth Public Sector Undertaking (PSU)of India to have been accorded the 'Maharatna'status?
Coal India Limited
89
●Which was the first act post independence whichempowered the government of India to takenecessary steps to regulate the pattern ofIndustrial development through licensing?
Industrial (Department and Regulation) Act, 1951
90
●Which formula was evolved in 1969 for determiningthe allocation of central assistance for state plansin India and was adopted for distribution of planassistance during Fourth and Fifth Five YearPlans?
Gadgil formula
91
●The logo of the Reserve Bank of India comprises a tigerwalking underneath a palm tree which has been fromthe gold Mohur issued by the ___ in the 19th century.
East India Company
92
●The immediate effect of devoting a larger share ofnational output to investment is that the economydevotes a smaller share to ____.
Consumption
93
●As per which article of the Constitution of India, Servicetax is levied by Union and collected and appropriatedby the Union and States. Service tax is a part ofCentral Excise in India?
Article 268-A
94
●The usual aim of open market operations in an economyis to control the short term interest rate and thesupply of base money in an economy, and thusindirectly control the total ___.
Money supply
95
●What is the term/expression for a financial institutionwhich provides capital to companies in the form ofshare ownership instead of loans?
Merchant Bank
96
●In terms of Section 22 of the Reserve Bank of India Act,the RBI has been given the statutory function of noteissue on a monopoly basis. The note issue in Indiawas originally based upon ____.
ProportionalReserve System
97
●Unlike Gross Domestic Product (GDP), which definesproduction based on the geographical location ofproduction, Gross National Product (GNP) allocatesproduction based on ____.
Ownership
98
●A currency is deemed convertible on the current accountif it can be freely converted into other convertiblecurrencies for purchase and sale of commodities andservices. Since which year has the Indian Rupee beenmade fully convertible currency on capital account?
1949
99
●What is the word for engaging in banking activities suchas accepting deposits or making loans at facilitiesaway from a bank's home office?
BranchBanking
100
●By using credit control methods the Reserve Bank ofIndia tries to maintain monetary stability. There aretwo types of methods of credit control: Quantitativecontrol to regulate the volume of total credit; andQualitative Control to regulate the ____.
Flow ofcredit
101
●The distribution of one rupee notes and coins and smallcoins all over the country is undertaken by theReserve Bank as agent of the Government. Thesystem as it exists today is known as the ____.
Minimum Reserve System
102
●The Eleventh Finance Commission of India wasappointed by the President on July 3, 1998 for theperiod 2000-05. It was chaired by whom?
Prof.A.M. Khusro
103
●The First Five-Year Plan (1951-1956) addressed, mainly,the agrarian sector, including investments in damsand irrigation. On which model was it based?
Harrod-Domar model
104
●Under which mechanism does the Reserve Bank of Indiaprovides to the States banking with it to help them totide over temporary mismatches in the cash flow oftheir receipts and payments?
Ways and MeansAdvances
105
●India's foreign exchange reserves is made up ofForeign currency assets (FCA) (US dollar, euro,pound sterling, Canadian dollar, Australian dollarand Japanese yen etc.) and ___.
Gold
106
●A rise in general level of prices may be caused by anincrease in the money supply, a decrease in theaggregate level of output and ____.
An increasein the effective demand
107
●The two main instruments of ____ are governmenttaxation and changes in the level and compositionof taxation and government spending can affectthe following variables in the economy.
Fiscalpolicy
108
●If the cash reserve ratio is lowered by the RBI, itsimpact on credit creation will be to:
increase it
109
●In the state of India, the State Financial Corporationhave given assistance mainly to develop:
medium and small-scale industries
110
●Which eminent economist of India authored'Changes in India's National Income-A StaticEconomy in Progress' (1954) and 'The NationalIncome of British India' (1941)?
V.K.R.V. Rao
111
●Import quotas, special licenses, unreasonablestandards for the quality of goods, bureaucraticdelays at customs, export restrictions, limiting theactivities of state trading, export subsidies,countervailing duties, etc are examples of:
Non-tariff barriers to trade
112
●Which term is applied in many countries to areference interest rate used by banks?
PrimeLending Rate
113
●In economics, what is a factor of proportionality thatmeasures how much an endogenous variablechanges in response to a change in someexogenous variable?
Multiplier
114
●What is the term for a market form in which amarket or industry is dominated by a small number of sellers and the decisions of onefirm influence, and are influenced by, thedecisions of other firms?
Oligopoly
115
"●Who stated that ""products are paid for withproducts"" and ""a glut can take place only whenthere are too many means of production applied toone kind of product and not enough to another?"
Jean-Baptiste Say
116
"●What is frequently thought of as a measure of total""investment"", in the sense of that portion ofcapital actually used for investment purposes andnot held as savings or consumed?"
Capitalformation
117
●Which marketing concept was first proposed as atheory to understand a pattern among successfuladvertising campaigns of the early 1940s?
Unique Selling Proposition (USP)
118
●By which process a firm can obtain the use of acertain fixed assets for which it must pay a seriesof contractual, periodic, tax deductible payments?
Leasing
119
●Which type of inflation rises as real gross domesticproduct rises and unemployment falls, as theeconomy moves along the Phillips curve?
Demand-pull inflation
120
●In economics, which graph depicts the relationshipbetween the price of a certain commodity and theamount of it that consumers are willing and ableto purchase at that given price?
Demand curve
121
●What is the term for a market form in which only onebuyer faces many sellers and is an example ofimperfect competition?
Monopsony
122
●Which organization holds securities either incertificated or un-certificated (dematerialized)form, to enable book entry transfer of securities?
Central Securities Depository
123
●An initial public offering (IPO) is the process throughwhich a privately held company issues shares ofstock to the public for the first time. Suchofferings are used by companies to:
Raiseexpansion capital
124
●Who explained rent as differential surplus whichindicates that rent is the surplus of revenue overcosts which arises due differences in the level offertility or usability of land?
David Ricardo
125
●Which plan followed the Mahalanobis model, aneconomic development model developed by theIndian statistician Prasanta ChandraMahalanobis?
Second Five Year Plan
126
●The Capital Gains Tax is another important form ofDirect Tax in India which is payable on capitalgains received upon the ___.
sale of assets
127
●Which economic law states that differing prices of atraded good will tend to equalize in the absence oftariffs, other barriers to trade and prohibitivelyhigh shipping rates?
Law of One Price
128
●Personal Income tax is another type of Direct Tax,which is under the Central Governmentcontrolled by the ___.
Central Board of DirectTaxes
129
●What is often used as a measure of the wealth of thepopulation of a nation, particularly in comparisonto other nations?
Per capita income
130
●Inter-State share in the federal tax pool in India isdecided by the recommendations of the FinanceCommission to the:
President of India
131
●In India, which government is empowered to levyproperty tax, Octroi and charge users for publicutilities like water supply, sewage etc?
LocalGovernment
132
●The leading state in the production of groundnut inthe country
Gujarat
133
●What is a foot loose industry?
Any industry whichcan locate virtually anywhere
134
●Which industry has no strong national orientation inits location requirements?
Foot loose industry
135
"●""Mahila Samridhi Yojana"" was launched on:"
October 2, 1993
136
●Nowadays, the thrust areas of human developmentare:
health, gender equity and genderempowerment
137
●How is the interest-level of a country affected byFDI?
It decreases
138
●A firm sells new shares worth Rs. 1000 directly toindividuals. This transaction will cause:
Noimpact on Gross National Product
139
●When was World Trade Organisation set up by themember countries of the United Nations topromote trade among countries?
1995
140
●What is International Development Association?
An affiliate of World Bank
141
●The first Indian private company to sign an accordwith Government of Myanmar for oil explorationin two offshore blocks in that country
Essar Oil
142
●Devaluation of currency leads to:
increase indomestic prices
143
●Foreign Direct Investment ceilings in the telecomsector have been raised from 74 percent to:
100per cent
144
●In which of the following sequences the change inquantity of money leads to change in price level inthe Keynesian models?
Change in quantity ofmoney - change in rate of interest - change ininvestment - change in employment and output -change in price level
145
●Determination of rate of exchange between rupee andforeign currencies freely by the market forces ofdemand and supply also means:
fullconvertibility of rupee
146
●The highest foreign exchanged earners have been theexport of:
gems and
147
eight countries of:
West Africa
148
●Tarapore committee was associated with
Fullcapital account convertibility
149
●The World Trade Organisation (WTO) was earlierknown as:
GATT
150
●The difference between visible exports and visibleimports is defined as:
balance of trade
151
●For International payments, the Indian currency islinked to:
American Dollar
152
●The main function of IMF is to:
Help to solvebalance of payment problems of memberscountries
153
●Value added tax was first introduced in:
France
154
●Financing of export and import of goods and servicesand Inspection of exported goods for qualityassurance are the functions of:
Exim Bank ofIndia
155
●The first export processing zone of the private sectorwas established at:
Surat
156
●Free trade policy refers to a policy where there is:
Absence of tariff
157
●J. J. Irani Committee was set up to suggest change in:
Companies Act
158
●A larger part of the fiscal deficit in the union budgetsis filled by:
Domestic borrowing
159
●BSE Sensex' is an index to measure ups and downs inthe share market. The number of companiescovered under the index are:
30
160
●The Small Industries Development Bank of India(SIDBI) provides refinance facilities under ARS.What is the full form of ARS?
AutomaticRefinance Scheme
161
●The chairman of the committee on pricing andtaxation of petroleum products was
C.Rangarajan
162
●National Housing Bank (NHB) has launched areverse mortgage scheme specially to help
Senior citizens
163
"●Index ""Residex"" is associated with:"
land prices
164
●The term 'Green GNP' emphasizes:
Sustainabledevelopment
165
●What is referred to as 'Depository Services'?
Anagency for safe-keeping of securities
166
●From which fund can the unanticipated expenditurebe met without the prior approval of theparliament?
Contingency Fund of India
167
●The first Indian Economist who won the Nobel Prizewas:
Amartya Sen
168
●In economics, ___ is a rise in the general level ofprices of goods and services in an economy over aperiod of time.
inflation
169
●The Consumer Price Index (CPI), the PersonalConsumption Expenditures Price Index (PCEPI)and the ___ deflator are some examples of broadprice indices.
GDP
170
●___ occurs when the annual inflation rate falls belowzero percent (a negative inflation rate), resultingin an increase in the real value of money -allowing one to buy more goods with the sameamount of money.
Deflation
171
●The term ___ is used in Keynesian economics to referto a situation where the demand for moneybecomes infinitely elastic, so that furtherinjections of money into the economy will notserve to further lower interest rates.
liquiditytrap
172
●The apex organisation for marketing cooperativesocieties at national level is:
NAFED
173
●The ___ Foundation's research in high-yieldingvarieties of seeds, their introduction after 1965and the increased use of fertilizers and irrigationare known collectively as the Green Revolution inIndia.
Rockefeller
174
"●India's low average growth rate from ___ wasderisively referred to as the Hindu rate of growth,because of the unfavourable comparison withgrowth rates in other Asian countries, especiallythe ""East Asian Tigers."""
1947-80
175
●Prime Minister Indira Gandhi nationalised ___ banksin 1969, followed by six others in 1980, and madeit mandatory for banks to provide 40% of theirnet credit to priority sectors like agriculture.
14
176
●The Indian rupee is accepted as legal tender in theneighbouring ___ and Bhutan, both of which peg their currency to that of the Indianrupee.
Nepal
177
●The RBI, the country's central bank was establishedon April 1, ___. It serves as the nation's monetaryauthority, regulator and supervisor of thefinancial system, manager of exchange control andas an issuer of currency.
1935
178
●____ is an economic benchmark and povertythreshold used by the government of India toindicate economic disadvantage and to identifyindividuals and households in need of governmentassistance and aid.
Below Poverty Line
179
●___ introduced Gateway Electronic Mail Service in1991, the 64 Kbit/s leased line service in 1992, andcommercial Internet access on a visible scale in1992.
Videsh Sanchar Nigam Limited
180
"●The economic development in India followedsocialist-inspired policies for most of itsindependent history, including state-ownership ofmany sectors; extensive regulation and red tapeknown as ""___."""
Licence Raj
181
"●The Indian Agricultural Research Institute,established in ___, was responsible for theresearch leading to the ""Indian Green Revolution""of the 1970s."
1905
182
●The second five-year plan focused on industry,especially heavy industry. Domestic production ofindustrial products was encouraged, particularlyin the development of the ___.
public sector
183
●___ was a period of political instability in India andhence no five year plan was implemented.Between 1990 and 1992, there were only AnnualPlans.
1989-91
184
●Modernization of industries was a major highlight ofthe ___ Plan. Under this plan, the gradual openingof the Indian economy was undertaken to correctthe burgeoning deficit and foreign debt.
Eighth
185
●Ninth Five Year Plan India ran through the periodfrom ___ with the main aim of attaining objectiveslike speedy industrialization, human development,full-scale employment, poverty reduction, andself-reliance on domestic resources.
1997 to 2002
186
●India was under ___-based policies from 1947 to1991. The economy was characterised by extensiveregulation, protectionism, and public ownership,leading to pervasive corruption and slow growth.
social democratic
187
●Jawaharlal Nehru, the first prime minister, alongwith the statistician ___, carried on by IndiraGandhi formulated and oversaw economic policy.
Prasanta Chandra Mahalanobis
188
●India is the second largest producer and the largestconsumer of silk in the world, with the majority ofthe production taking place in Karnataka State,particularly in ___.
Mysore
189
●The Indian money market is classified into: theorganised sector (comprising private, public andforeign owned commercial banks and cooperativebanks, together known as ___); and theunorganised sector.
scheduled banks
190
●India was under social democratic-based policiesfrom ___. The economy was characterised byextensive regulation, protectionism, and publicownership, leading to pervasive corruption andslow growth.
1947 to 1991
191
●___ can be measured by Gross National Product(GNP), Gross Domestic Product (GDP), GrossNational Income (GNI), Net National Product(NNP) and Net National Income (NNI).
NationalIncome
192
●___ is defined as the market value of all goods andservices produced in one year by labour andproperty supplied by the residents of a country.
Gross National Product
193
●The Central Statistical Organisation (CSO) located inDelhi with a wing at ___, is responsible forformulation and maintenance of statisticalstandards, work pertaining to national accounts,industrial statistics, consumer price indices, etc.
Kolkata
194
●The National Sample Survey (NSS) was set up in ___for conducting large-scale sample surveys to meetthe data needs of the country for the estimation ofnational income and other aggregates.
1950
195
●The NSSO undertakes the fieldwork of the AnnualSurvey of Industries (ASI) under statutoryprovisions of the Collection of Statistics Act, ___(Central Rule, 1959) in the whole country exceptfor the State of Jammu & Kashmir.
1953
196
●___ is an economic benchmark and poverty thresholdused by the government of India to indicateeconomic disadvantage and to identify individualsand households in need of government assistance and aid.
Below Poverty Line
197
●The ___ Five-Year Plan sought to promote a patternof development, which would ultimately lead tothe establishment of a socialistic pattern of societyin India.
Second
198
●The highest inflation that India has ever seen in thepast two centuries is 53.8%, in the famine year of___.
1943
199
●Steel, mining, machine tools, water,telecommunications, insurance, and electricalplants, among other industries, were effectivelynationalized in the mid-___.
1950s
200
●Elaborate licences, regulations and the accompanyingred tape, commonly referred to as Licence Raj,were required to set up business in India between1947 and ___.
1990
201
●___ is the total market value of all final goods andservices produced by residents in a country duringa given period (gross national product or GNP)minus depreciation.
Net national product
202
●___ is defined as the sum of incomes accruing tofactors of production, supplied by normalresidents of the country before deduction of directtaxes.
National Income
203
●Keeping in view the large-scale import of foodgrainsin 1951 and inflationary pressures on theeconomy, the First Plan (___) accorded the highestpriority to agriculture including irrigation andpower projects.
1951-56
204
●___ is also called as demand-pull or excess demandinflation. This type of inflation occurs when totaldemand for goods and services in an economyexceeds the supply of the same.
Wage inflation
205
●The ___ method gives us national income or nationalproduct based on the final value of the produceand the origin of the produce in terms of theindustry.
Production
206
●___ is a basic measure of a country's overall economicoutput. It is the market value of all final goodsand services made within the borders of a countryin a year.
GDP
207
●The ___ provides statistical information to objectivelyand realistically, assess and evaluate, the change inthe growth, composition and structure of theorganised manufacturing sector.
Annual Surveyof Industries
208
●The main aims of the ___ Five Year Plan were anincrease of 25 per cent in the national income; andrapid industrialisation with particular emphasison the development of basic and heavy industries.
2nd
209
●Removal of poverty was the foremost objective of theSixth Plan (___). The strategy adopted was tomove simultaneously towards strengthening theinfrastructure for both agriculture and industry.
1980-85
210
●The Government at the Centre in June 1991, decidedthat the ___ Five-Year Plan would commence on 1April 1992 and that 1990-91 and 1991-92 shouldbe treated as separate Annual Plans.
Eighth
211
●A ____ price index measures a price change for aconstant market basket of goods and services fromone period to the next within the same area (city,region, or nation).
consumer
212
●A Centrally Sponsored Scheme on National FoodSecurity Mission has been launched in the country toenhance the production of rice, wheat and pulses by10, 8 and 2 million tonnes respectively by the end ofthe ____ Plan.
11th
213
●The Technology Mission on Oilseeds was launched bythe Central Government in ____ to increase theproduction of oilseeds to reduce import and achieveself-sufficiency in edible oils.
1986
214
●The major plantation crops include coconut, arecanut, oilpalm, cashew, tea, coffee and rubber; the minorplantation crops include ____.
cocoa
215
●Urea, the most consumed fertiliser, is subsidised underthe New Urea Pricing Scheme, whereas P&Kfertilisers, which are decontrolled, are covered underthe ____ Scheme.
Concession
216
●Farm Machinery Training and Testing Institutes (FMTand TIs) have been established at Budni (MadhyaPradesh), Hissar (Haryana), ____ (Andhra Pradesh)and at Biswanath Chariali (Assam).
Garladinne
217
●The Industrial Policy Resolution of ____ gave the publicsector a strategic role in the economy and categorisedindustries which would be the exclusiveresponsibility of the State or would progressivelycome under State control and others.
1956
218
●In August 2008, the government took a decision toremove the licensing requirement under theIndustries (Development & Regulation) Act, ____ forlocation of industries.
1951
219
●The International Monetary Fund was created in ____,originally with 45 members, with a goal to stabilizeexchange rates and assist the reconstruction of theworld's international payment system.
July 1945
220
●India is a founder member of the International MonetaryFund. ____ is the ex-officio Governor on the Boardof Governors of the IMF and Governor, RBI isIndia's Alternate Governor.
Finance Minister
221
●India has been borrowing from the World Bank throughInternational Bank for Reconstruction andDevelopment and ____ for various developmentprojects.
International Development Association
222
●The ____ Bank, an international Partnership of 63member countries, was established in 1966 with itsheadquarters at Manila, Philippines, with India as afounder member.
Asian Development
223
●India started borrowing from Asian Development Bank'sOrdinary Capital Resources in 1986 for developmentin the Energy, Transport and Communications,Finance, Industry and Social ____ sectors.
Infrastructure
224
●The coins commonly in circulation in India are 1, 2, 5and 10 rupees. The coins are minted at the fourlocations of the India Government Mints at Mumbai,Kolkata, Hyderabad, and ____.
Noida
225
●Under The Coinage Act, ____, the Government of Indiais charged with the responsibility of the productionand supply of coins to the Reserve Bank of India.
1906
226
●Under Section ____ of the Reserve Bank of India Act,the Bank has the sole right to issue bank notes ofall denominations.
22
227
"●An initial public stock offering (IPO) referred tosimply as an ""offering"" or ""floatation,"" is when acompany (called the issuer) issues common stockor shares to the public for the ____ time."
first
228
●Currency notes in India are printed at the Currency NotePress, Nasik, Bank Note Press, Dewas, BharatiyaNote Mudra Nigam (P) Limited presses at Salboniand Mysore and at the Watermark PaperManufacturing Mill, ____.
Hoshangabad
229
●____Convertibility is a monetary policy that centersaround the ability to conduct transactions of localfinancial assets into foreign financial assets freelyand at market determined exchange rates.
CapitalAccount
230
●Operation ____ of India, the world's largestintegrated dairy development program, attemptedto establish linkages between rural milk producersand urban consumers by organizing farmer-owned and -managed dairy cooperative societies.
Flood
231
●____ Manufacturing is the second largest source foremployment in India after agriculture andaccounts for about 26% of manufacturing output.
Textile
232
●The Industrial Policy Resolution of ____ marked thebeginning of the evolution of the Indian IndustrialPolicy which not only defined the broad contoursof the policy; it delineated the role of the State inindustrial development both as an entrepreneurand as authority.
1948
233
●Software Technology Parks of India (STPI) is agovernment agency in India, established in ____under the Ministry of Communications andInformation Technology that manages theSoftware Technology Park scheme.
1991
234
●Financial ____ are financial services company thatoffers customers a wide variety of financialproducts, generally including insurance, stocks,bonds, real estate services, and annuities.
Supermarkets
235
"●A ____ entity is a legal entity where income ""flowsthrough"" to investors or owners, that is theincome of the entity is treated as the income of theinvestors or owners."
flow-through
236
●The Securitisation and Reconstruction of FinancialAssets and Enforcement of Security Interest Act,____ (SARFAESI) empowers Banks / FinancialInstitutions to recover their non-performing assetswithout the intervention of the Court.
2002
237
●____ refers to the process that a large financialservice provider (bank, insurer, investment house)uses to assess the eligibility of a customer toreceive their products (equity capital, insurance,mortgage, or credit).
Underwriting
238
●The purpose of ____ is to create an internationalstandard that banking regulators can use whencreating regulations about how much capitalbanks need to put aside to guard against the typesof financial and operational risks banks face.
Basel II
239
●____ banking refers to banking in which bankinginstitutions execute transactions directly withconsumers, rather than corporations or otherbanks.
Retail
240
●The ____ crop is the autumn harvest (also known asthe summer or monsoon crop) in India andPakistan, usually sown with the beginning of thefirst rains in July, during the south-west monsoonseason.
Kharif
241
●Under the ____ Operation, the Reserve Bank of Indiabuys or sells government bonds in the secondarymarket.
Open Market
242
●____ is a reduction in the value of a currency withrespect to those goods, services or other monetaryunits with which that currency can be exchanged.
Devaluation
243
●Bank rate, also referred to as the ____ rate, is the rateof interest which a central bank charges on theloans and advances that it extends to commercialbanks and other financial intermediaries.
discount
244
●The Cenvat scheme is principally based on system ofgranting credit of duty paid on inputs and inputservices. A manufacturer or service provider hasto pay excise duty and service tax as per normalprocedure on the basis of '____ Value'.
Assessable
245
●The term ___ is used in Keynesian economics to referto a situation where the demand for moneybecomes infinitely elastic, so that furtherinjections of money into the economy will notserve to further lower interest rates.
liquiditytrap
246
●_____ are Government loans raised from the public,Government borrowings from the Reserve Bankand treasury bills, divestment of equity holding inpublic sector enterprises, loans received fromforeign Governments and bodies, securitiesagainst small savings, State provident funds, andspecial deposits.
Capital receipts
247
●____ refer to capital expenditures on construction ofcapital projects and acquisition of assets like land,buildings machinery and equipment.
Capitalpayments
248
●Tax revenues constitute taxes like income tax,corporate tax, ____, customs, service and otherduties that the Government levies.
Excise
249
●All expenditure of the Government is incurred fromthe ____ and no amount can be withdrawn fromthe fund without authorisation of the Parliament.
Consolidated Fund
250
●______ is a fund used for meeting emergencies wherethe Government cannot wait for an authorisationof the Parliament.
Contingency Fund
251
●______ comprises actions taken by the central bankto regulate the level of money or liquidity in theeconomy, or change the interest rates.
MonetaryPolicy
252
●Incorporated in _____, the National Stock Exchangeis one of the largest and most advanced stockmarkets in India. The NSE is the world's thirdlargest stock exchange in terms of transactions.
1992
253
●The Securities and Exchange Board of India (SEBI),established in _____, regulates the stock marketsand other securities markets of the country.
1992
254
"●____, or the overlapping concepts of ""practical"" and""technical"" monopoly, is an extreme case of failureof competition as a restraint on producers."
Natural monopoly
255
●____ used in the production process include suchprimary factors of production as labour services,capital (durable produced goods used inproduction, such as an existing factory), and land(including natural resources).
Inputs
256
●Prices and quantities have been described as the mostdirectly observable attributes of goods producedand exchanged in a ___.
market economy
257
●____ markets is a term used for a situation wherebuyers and sellers do not know enough about eachother's positions to price goods and servicesproperly.
Incomplete
258
●The ____ sector of the economy involves thetransformation of raw or intermediate materialsinto goods e.g. manufacturing steel into cars, ortextiles into clothing.
Secondary
259
●The ____ sector of the economy is a way to describe aknowledge-based part of the economy whichtypically includes services such as informationgeneration and sharing and other knowledge-based services.
quaternary
260
●A government bond is a bond issued by a nationalgovernment, and often denominated in thecountry's domestic currency, whereas bondsissued by national governments in foreigncurrencies are normally referred to as ____ bonds.
sovereign
261
●Government bonds are sometimes regarded as ____bonds, because national governments can, up to apoint, raise taxes, reduce spending, or simplyprint more money to redeem the bond at maturity.
risk-free
262
●____ is normally the largest GDP component in theeconomy, consisting of private (household finalconsumption expenditure) in the economy.
Consumption
263
●The international standard for measuring GDP iscontained in the book System of NationalAccounts, which was prepared by representativesof the IMF, European Union, Organization forEconomic Co-operation and Development, UnitedNations and ___.
World Bank
264
(usually the ____ dollar).
United States
265
●_____ has emerged as a leading sugar producer in thecountry and produces more than one-third of thetotal production of the sugar in the country.
Maharashtra
266
●Presently, the major centres of the ____ industry areAhmedabad, Bhiwandi, Sholapur, Kolhapur,Nagpur, Indore and Ujjain which are all locatedclose to the producing regions.
cotton textile
267
●In 1937, the Steel Corporation of Bengal wasconstituted in association with IISCO and set upanother iron and steel producing unit at ____(West Bengal).
Burnpur
268
●Atomic Energy Commission was established in 1948,progress could be made only after theestablishment of the Atomic Energy Institute atTrombay in 1954 which was renamed as theBhabha Atomic Research Centre in ____.
1967
269
●At present, India produces about three-fifth of ____production of the world. West Bengal accounts forabout three-fourth of the production in thecountry.
jute
270
●The oldest bank still in existence in the entire world isMonte dei Paschi di Siena, headquartered inSiena, ____, which has been operatingcontinuously since 1472.
Italy
271
●Since the advent of EFTPOS (____), direct credit,direct debit and internet banking, the cheque haslost its primacy in most banking systems as apayment instrument.
Electronic Funds Transferat Point of Sale
272
●Mobile banking (also known as M-Banking,mbanking, ____ Banking etc.) is a term used forperforming balance checks, account transactions,payments etc. via a mobile device such as a mobilephone.
SMS
273
●The maximum amount of money the banking systemcan legally generate with each dollar of reserves iscalled the (theoretical) ____ and is calculated asthe reciprocal of the minimum reserve.
moneymultiplier,
274
●The types of commercial bank money that tend to bevalued at lower amounts are classified in thenarrow category of M1 while the types ofcommercial bank money that tend to exist inlarger amounts are categorized in M2 and M3,with ____ having the largest.
M3
275
●____ has four subsidiary companies, viz. HotelCorporation of India Ltd. (HCI), Air IndiaCharters Ltd. (AICL), Air India Air TransportServices Ltd. (AIATSL), and Air IndiaEngineering Services Ltd (AIESL).
Air India
276
●The managements of Delhi and Mumbai Airportshave been taken over by the two separate JVCsnamely Delhi International Airport Limited andMumbai International Airport Limitedrespectively, with effect from 3rd May ____.
2006
277
●The major ports of Kolkata, Paradip,Visakhapatnam, Chennai, Ennore and Tuticorinare on the Eastern coast of India while the ports ofCochin, New Mangalore, Mormugao, Mumbai,Jawaharlal Nehru at Navasheva and ____ are onthe Western Coast.
Kandla
