Indian Economy GK Questions with Answers – Page 13

Commercial paper and call money are correctly described; the statements on certificates of deposit and zero-coupon bonds are wrong. Commercial paper is an unsecured promissory note issued by companies to raise short-term funds, usually for 7 days to one year.

SEBI was set up in 1988 as a non-statutory body and was given statutory status and powers by the Securities and Exchange Board of India Act, 1992, after which it became the regulator of the securities market, with its head office in Mumbai; appeals from its orders lie to the…

NASDAQ opened in 1971 in the United States as the world's first electronic stock market, with quotations carried on a computer network instead of a trading floor, and it now lists most of the large American technology companies; its benchmark is the NASDAQ Composite.

It was established in 1602 by the Dutch East India Company, whose shares were traded there continuously, and it is therefore counted as the world's first stock exchange; the exchange is now part of Euronext.

KOSPI stands for the Korea Composite Stock Price Index and is the benchmark of the Korea Exchange, which handles the securities market of South Korea.

The DAX is the benchmark index of the Frankfurt Stock Exchange and tracks the largest German companies by market capitalisation and turnover.

The Hang Seng index records the leading shares of the Hong Kong Stock Exchange and has been published since 1969; it is one of the most quoted Asian indices along with the Nikkei of Tokyo and the KOSPI of Seoul.

The FTSE 100 began in 1984 and records the share prices of the hundred largest companies by market capitalisation listed in London; the name comes from the Financial Times and the Stock Exchange, which set up the index jointly, and it is read as the Footsie.

The Nikkei 225 is the benchmark index of the Tokyo Stock Exchange and is named after Nihon Keizai Shimbun, the newspaper that has compiled it since the 1950s; it covers 225 leading Japanese companies.

The Dow Jones Industrial Average tracks 30 large American companies and is quoted for the New York Stock Exchange; it was created by Charles Dow in 1896 and is the oldest index of share prices still in use, the broader American benchmark being the S&P 500 and the technology-heavy one…

The Sensex was launched in 1986 and its series was worked back to the base year 1978-79, for which the index value is taken as 100, so that a Sensex reading shows how many times the market has grown since that base.

The SENSEX, short for Sensitive Index, is composed of 30 large, well established and actively traded companies listed on the Bombay Stock Exchange, and since 2003 it has been calculated on the free-float market capitalisation method, which counts only the shares actually available for trading.

It was established in 1875 as the Native Share and Stock Brokers Association and functions from Dalal Street in Mumbai, which makes it the oldest stock exchange in Asia; it was also the first exchange in India to receive permanent recognition from the Government under the Securities Contracts (Regulation) Act…

The Consumer Protection Act requires a complaint to be filed within two years from the date on which the cause of action arose, that is from the date of the defect, the deficiency in service or the unfair trade practice complained of.

The Act of 2019 devotes a separate chapter to it, making a manufacturer, a product seller or a product service provider liable to pay compensation for harm caused by a defective product or a deficient service, whether the defect lies in manufacture, design, the deviation from specifications, a warranty or…

A cartel is a horizontal agreement, that is one between enterprises at the same level of the production or supply chain, to fix prices, limit or control output, share markets or territories, or rig bids in a tender.

Appeals from the Commission were earlier heard by the Competition Appellate Tribunal, and that work was transferred to the National Company Law Appellate Tribunal, from whose order a further appeal lies to the Supreme Court.

The MRTP Act treated size itself as a danger and required large undertakings to obtain approval for expansion, which suited a controlled economy.

National Consumer Day marks the day on which the Consumer Protection Act, 1986 received the assent of the President of India, and it is observed every year with campaigns on consumer rights and on the machinery available for redressal.

It is headed by a sitting or retired judge of the Supreme Court, hears complaints above the pecuniary limit prescribed for the State Commissions, and also hears appeals from them.