Indian Economy GK Questions with Answers – Page 25

The electronic National Agriculture Market was launched on 14 April 2016 to connect regulated mandis across the States on a single internet platform, so that a trader sitting anywhere can bid for a lot after it is assayed, which widens the market for the farmer and reduces the hold of…

Set up in 1965 as the Agricultural Prices Commission and renamed in 1985, it is an attached office of the Ministry of Agriculture and Farmers Welfare that studies costs of production and recommends the minimum support price for the mandated crops; the final decision is taken by the Cabinet Committee…

The scheme was launched on 19 February 2015 from Suratgarh in Sri Ganganagar district, and it gives every holding a card showing the status of the main nutrients and the physical properties of the soil, with crop-wise advice on fertiliser and manure, renewed on a fixed cycle so that the…

The scheme fixed a uniform maximum premium for the farmer: two per cent of the sum insured for kharif food and oilseed crops, one and a half per cent for rabi food and oilseed crops, and five per cent for annual commercial and horticultural crops, with the balance of the…

PM-KISAN pays each eligible landholding farmer family two thousand rupees every four months, that is six thousand rupees a year, straight into an Aadhaar-seeded bank account; the whole cost is borne by the Union government because it is a central sector scheme.

The National Mission for Saffron, meant to revive saffron cultivation in Jammu and Kashmir through better corms, irrigation and a spice park, runs as a sub-scheme of the Rashtriya Krishi Vikas Yojana, the umbrella fund started in 2007 that lets States plan their own agricultural projects.

PM-KISAN was announced in the interim budget of February 2019 and formally launched on 24 February 2019 from Gorakhpur in eastern Uttar Pradesh, with the first instalment released there, although the scheme was given effect from 1 December 2018.

The Fifth Plan (1974–79) made removal of poverty, or Garibi Hatao, and self-reliance its main aims. Garibi Hatao was the slogan with which Indira Gandhi's Congress won the 1971 Lok Sabha election.

The real interest rate is the nominal rate minus the rate of inflation: 24 minus 10 gives 14 percent. The nominal interest rate is the rate written on the loan, here 24 percent a year.

Rubber products are not among the Eight Core Industries tracked by the Index of Eight Core Industries.

This statement is false, because lending and advancing loans is the main business of most NBFCs. A Non-Banking Financial Company is a company registered under the Companies Act whose principal business is loans and advances, buying shares and securities, leasing, hire-purchase, insurance or chit funds.

Retail investors can bid for government securities in primary auctions, and NDS-OM is the RBI's trading platform for them, but CDSL was not promoted by the RBI.

Household savings reach the government through many channels, and dated securities sold in auctions make up the bulk of the Centre's internal debt.

The capital budget records capital receipts and capital expenditure, and all three items fall in it. The Union Budget has two parts.

The MPC fixes the policy repo rate, the RBI's benchmark rate, but it has six members and is chaired by the RBI Governor.

Expansionary policies, fiscal stimulus and higher purchasing power all raise aggregate demand, which is what drives demand-pull inflation. Demand-pull inflation happens when total demand for goods and services runs ahead of what the economy can supply, described as too much money chasing too few goods.

Buying new technology creates a lasting asset, so it is capital expenditure; debt and equity are ways of raising money, not kinds of expenditure.

Amber, blue and green boxes are the categories in which the WTO Agreement on Agriculture classifies farm subsidies. The Agreement on Agriculture came out of the Uruguay Round and took effect with the WTO in 1995.

Statement 1 states the FRBM Review Committee's target correctly and statement 3 is Article 293(3), while statement 2 swaps the figures.

The reserve tranche is the part of a member's IMF quota that it can draw on at any time, without conditions.