Indian Economy GK Questions with Answers – Page 45

The Sensex, or Sensitive Index, of the Bombay Stock Exchange is built from thirty large, well established and actively traded companies drawn from the main sectors of the economy, and it is weighted by free-float market capitalisation.

It was founded in 1875 as the Native Share and Stock Brokers’ Association, grew out of brokers meeting under a banyan tree in Bombay, and is the oldest stock exchange in Asia; it now stands on Dalal Street and its benchmark index is the Sensex.

SEBI first appeared in April 1988 as an administrative arrangement with no legal powers, and it became a statutory regulator when the Securities and Exchange Board of India Act was passed in 1992; the words quoted in the question are taken from the preamble of that Act, which speaks of…

Cyclical unemployment is the unemployment that a slump or depression in the economy creates: when demand falls, firms sell less, cut production and let workers go, and those jobs come back once demand recovers.

The Industrial Disputes Act was passed in 1947 and governs how disputes between employers and workmen, including matters that concern trade unions as well as individual workmen, are raised and settled.

The Mahatma Gandhi National Rural Employment Guarantee Act, 2005 promises every rural household at least 100 days of unskilled manual wage work in a financial year.

A.C. Pigou belongs to the welfare group of definitions, not the wealth group.

The repo rate is the rate at which the Reserve Bank lends short-term money to banks against government securities. When inflation keeps rising, the Reserve Bank raises this rate, so banks borrow less and charge more on their own loans, spending and demand cool down and prices rise more slowly.

The neonatal period is the first 28 completed days after birth, and the neonatal mortality rate counts the deaths in that period for every 1,000 live births in a year.

The International Bank for Reconstruction and Development (IBRD) is the oldest arm of the World Bank Group and the body people mean when they say 'World Bank'.

Statement I is right, because a government security, or G-Sec, is a tradeable debt instrument issued by the central government or by a state government and can be bought and sold in the secondary market before it matures.

NABARD started a pilot project on Joint Liability Groups in 2004-05 so that small, marginal and tenant farmers, who often till land they do not own, could borrow without the land papers a bank usually demands.

The Aatmanirbhar Bharat Rojgar Yojana was announced in October 2020 as part of the Aatmanirbhar Bharat package, to bring back the jobs lost during the Covid-19 lockdown.

SEBI is the regulator of the securities market, and protecting the interests of investors is the first duty written into its founding law.

E-Shakti was launched by NABARD in 2015 to put the accounts and records of self-help groups on a digital platform.

In the SDG India Index 2023-24, the fourth edition brought out by NITI Aayog in July 2024, the states' composite scores ran from 57 at the bottom to 79 at the top, with Uttarakhand and Kerala sharing the highest score of 79 and Bihar the lowest at 57.

The Smart Cities Mission was launched on 25 June 2015 by the Ministry of Housing and Urban Affairs for 100 cities, chosen through a two-stage City Challenge competition in which states nominated cities and the cities then sent in their own proposals.

India allows 100 per cent foreign direct investment through the automatic route in the construction, operation and maintenance of rail infrastructure projects.

India allows foreign direct investment of up to 100 per cent through the automatic route in railway infrastructure.

Special drawing rights are an international reserve asset created by the IMF and allotted to member countries in proportion to their quotas; a member can exchange them with other members for usable currencies.