Indian Economy GK Questions with Answers – Page 9

Narrow money, M1, is currency held by the public plus net demand deposits with commercial banks, the most liquid forms of money.

Personal Income is the part of National Income that actually reaches households, plus the transfers they receive. National Income counts all factor incomes earned in the economy, but not all of it is paid out to people.

Khushkhera, Bhiwadi and Neemrana lie in the Alwar and Khairthal-Tijara belt of north-eastern Rajasthan, close to the Delhi border and on the Delhi-Jaipur highway, and the region is already a cluster of automobile ancillary, electronics and Japanese-owned units.

Vikram Udyogpuri is an integrated industrial township developed near Ujjain in Madhya Pradesh as one of the state's two nodes in the Delhi Mumbai Industrial Corridor.

The National Industrial Corridor Development Corporation, which was earlier the Delhi Mumbai Industrial Corridor Development Corporation, is the implementing agency of the National Industrial Corridor Development Programme and functions under the Department for Promotion of Industry and Internal Trade in that ministry.

Its three nodes are Ponneri in Tamil Nadu, Tumakuru in Karnataka and Krishnapatnam in Andhra Pradesh, and the corridor is developed with Japanese cooperation to link the engineering and automobile cluster of Chennai with the electronics and machine tool cluster of Bengaluru.

The Visakhapatnam Chennai stretch was taken up as its first phase, with nodes at Visakhapatnam, Machilipatnam, Donakonda and Srikalahasti-Chittoor.

The correct answer is B, the Asian Development Bank, which prepared the conceptual development plan for the corridor and has financed its infrastructure in Andhra Pradesh.

The Amritsar Kolkata Industrial Corridor uses this line as its spine and plans integrated manufacturing clusters as its nodes across seven states.

The Shendra-Bidkin Industrial Park lies near Chhatrapati Sambhajinagar, formerly Aurangabad, and is developed as the Aurangabad Industrial City, from which the short name AURIC comes.

Dholera lies in the Ahmedabad district of Gujarat, on the Gulf of Khambhat, and is the largest greenfield node of the Delhi Mumbai Industrial Corridor, planned as an industrial city with its own expressway link to Ahmedabad and an airport.

The corridor's influence zone covers Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra, besides the National Capital Territory of Delhi, and about forty per cent of its length lies in Rajasthan and Gujarat together.

The Delhi Mumbai Industrial Corridor was conceived in 2006 as a project to be built with Japanese technical and financial cooperation, and Japanese agencies have funded both the Western Dedicated Freight Corridor and several of the corridor's nodes.

The Western Dedicated Freight Corridor, the spine of the Delhi Mumbai Industrial Corridor, runs about fifteen hundred kilometres from Dadri in Uttar Pradesh to the Jawaharlal Nehru Port near Navi Mumbai, which is India's largest container handling port.

The L. C. Gupta Committee appointed by SEBI recommended the introduction of exchange traded derivatives, the law was amended to include derivatives in the definition of securities, and trading in index futures began on the Indian stock exchanges in June 2000; index options, stock options and stock futures followed in…

Contango is the normal condition of a commodity market, because anyone holding goods until a future date must pay for storage, insurance and interest on the money locked up, and those carrying costs are added to the spot price to arrive at the futures price.

The Authority was created under the Warehousing (Development and Regulation) Act, 2007 to register warehouses and to regulate negotiable warehouse receipts, which allow a farmer to deposit produce in a registered warehouse, receive a receipt, raise a loan against it from a bank and sell the goods later instead of…

Organised futures trading in India began with cotton at Bombay in 1875, and the association formed in that year is treated as the first organised futures market of the country; oilseeds, jute and bullion followed in the decades after.

NCDEX, which began operations in 2003, is the exchange on which farm contracts such as guar seed, chana, castor seed, soybean, mustard, cotton and jeera are traded, and it is the reference point for agricultural futures prices in India.

The Forward Markets Commission was set up in 1953 under that Act, with its office at Mumbai, and it regulated commodity futures trading until its merger with SEBI in 2015, after which the Act itself was repealed.