Indian Economy Mixed Quiz: Set 29

Consumption of fixed capital is the national income term for depreciation, the fall in the value of machines, buildings and other fixed assets as they are used up or become obsolete over the year.

Coal India, the largest coal producing company in the world, was granted Maharatna status in 2011 and remains on the list.

TISCO, now Tata Steel, is owned and run by private shareholders, which is what makes an enterprise part of the private sector.

It is the micro-finance scheme under which women borrow small sums at a concessional rate of interest, so the rebate in interest is built into the scheme itself.

The Planning Commission was set up in March 1950 by a resolution of the Union Cabinet, so it was neither a constitutional nor a statutory body.

The National Housing Bank is one of the central nodal agencies through which the Centre passes the interest subsidy of the Credit Linked Subsidy Scheme of Pradhan Mantri Awas Yojana (Urban) down to the lenders.

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.

The marginal product of a variable factor first rises, reaches a peak and then falls, so the curve traced out is an inverted U. This is the law of variable proportions at work.

The Goods and Services Tax was announced for the first time in the Union Budget for 2006-07, presented by the then Finance Minister P. Chidambaram, who proposed 1 April 2010 as the date for rolling it out.

All four of these countries sit in the G20, so this is the only group in which no name falls outside the forum.

The Act provides that a buyer shall pay on or before the date agreed in writing and that in no case may the period exceed forty five days from the day the goods were delivered or the service rendered and accepted.

The Reserve Bank of India publishes four measures of money supply, and M3 is the one called broad money, also known as aggregate monetary resources.

It is the sale of a part of the government's equity in a public enterprise, either to the public through the stock market or to institutional and strategic buyers; when a majority holding is sold and management also passes to the buyer, it is called a strategic sale.

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.

Under the Regional Connectivity Scheme called UDAN, which stands for Ude Desh ka Aam Nagrik and was launched in 2016, the fare on a subsidised seat is capped at about 2,500 rupees for an hour of flight on a fixed-wing aircraft, and the difference between that fare and the cost…

Competition policy in India rests on the Competition Act of 2002, which was passed on the advice of the Raghavan Committee after liberalisation, and it replaced the older monopolies law.

The World Trade Organization came into being on 1 January 1995 as the successor to the General Agreement on Tariffs and Trade, and India, which had been a party to GATT since 1948, became a member of the WTO on that very first day, which makes it a founding member.

A monopolist is the only seller of a good that has no close substitute, so buyers cannot shift away easily when the price rises and the demand curve the firm faces is steeper, that is less elastic.

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.

SIDBI was set up in 1990 as the principal financial institution for the promotion, financing and development of micro, small and medium enterprises, and it works mainly by refinancing banks and other lenders rather than by lending directly to every unit.