Indian Economy Previous Year Questions (PYQ) with Answers – Page 9

The Pradhan Mantri Jeevan Jyoti Bima Yojana can be joined by anyone between 18 and 50 years of age who holds a savings bank account.

Interest paid on the government's past borrowing is the classic non-plan expenditure, because it is a committed charge the Centre must meet whatever its plans are.

Both statements state the same rule from opposite sides: national income is the value of final goods and services, and the value of intermediate goods is excluded so that the same output is not counted at every stage of production.

The law of demand says that, other things remaining equal, a rise in the price of a good reduces the quantity demanded and a fall in price raises it, so the two move in opposite directions.

NITI Aayog, the National Institution for Transforming India, was set up by a Cabinet resolution on 1 January 2015 and took the place of the Planning Commission, which had run since 1950.

SMILE stands for Support for Marginalised Individuals for Livelihood and Enterprise, the central scheme that covers the welfare of transgender persons and of people engaged in begging.

The Green Revolution rested on high yielding variety seeds, usually shortened to HYV seeds, which gave far more grain per hectare than the older local varieties when used with assured irrigation, chemical fertilizers and pesticides.

It places on the State the duty to raise the level of nutrition and the standard of living of its people and to improve public health, and a health assurance scheme such as Ayushman Bharat, which gives a cover of five lakh rupees a family a year for hospital treatment…

The Atal Pension Yojana, launched in 2015 and administered by the Pension Fund Regulatory and Development Authority, is open to a bank account holder between 18 and 40 years of age, who contributes until the age of 60 and then draws a guaranteed monthly pension of between one thousand and…

In 1989 the National Rural Employment Programme of 1980 and the Rural Landless Employment Guarantee Programme of 1983 were brought together into a single wage employment programme named the Jawahar Rozgar Yojana, which was run through the panchayats and remained the main rural employment programme of the early 1990s. Option…

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.

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.

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 standard classification the churning poor are those whose consumption crosses the poverty line and falls back below it again and again, the typical cases being small and marginal farmers and casual labourers whose earnings depend on the season.

The National Sample Survey Office carries out the large household surveys of consumption expenditure from which the number of people below the poverty line is worked out, and it now functions within the National Statistical Office under the Ministry of Statistics and Programme Implementation.

The poverty line in India is worked out from the consumption expenditure data that the NSSO collects through its large sample surveys.

Inventory investment, also called change in stock, measures the physical stock of goods a firm holds at the end of the year minus the stock it held at the start.

Rural cooperative credit societies were the microfinance structure already in place when India became independent.