Indian Economy Mixed Quiz: Set 30

The Industrial Policy Resolution of 1956 divided industries into three schedules. Schedule A listed seventeen industries to be the exclusive responsibility of the state, such as arms, atomic energy, railways and heavy industry.

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

The older law had treated size itself with suspicion and required large firms to obtain the government's approval before expanding, setting up a new undertaking or merging; the reforms of 1991 removed that requirement, and the Act of 2002 replaced the law altogether, shifting attention from the size of a…

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.

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…

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.

In July 1944 delegates of forty four allied nations, including India, met at Bretton Woods in New Hampshire in the United States and agreed to create the International Monetary Fund for monetary cooperation and the International Bank for Reconstruction and Development for reconstruction lending, which is why the two are…

The law of variable proportions divides short run production into three stages. In stage one, increasing returns, both total and marginal product rise because the fixed factor is still under used.

The law of demand says that, other things remaining the same, a consumer buys more of a good when its price falls and less when the price rises, so price and quantity demanded move in opposite directions.

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

Reserves had been drained by years of current account deficits, by the rise in oil prices and the fall in remittances after the Gulf crisis, and by the withdrawal of deposits held by non-resident Indians, and at the worst point they could cover only a fortnight of imports.

The Index of Industrial Production (IIP) covers only three sectors: mining, manufacturing and electricity.

The Swachh Bharat Mission was launched on 2 October 2014, and its rural wing completed the first phase of toilet building with the declaration of open defecation free villages in 2019.

Money has a time value, so a rupee received years later is worth less than a rupee in hand, and every cash flow of a project is first brought to today's value before a decision is taken.

The IMF has its headquarters in Washington DC in the United States, and the World Bank Group stands across the street from it in the same city, which is why both are often described together as the Washington institutions.

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.

A demand curve is the picture of the demand function, which links the quantity a consumer buys to the price of the good, so statement I is correct.

By the middle of 1991 India's foreign exchange reserves had fallen to about one billion dollars, enough to pay for only about two weeks of imports, and the country stood close to default on its external payments.

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…

The WTO works from Geneva, where the GATT secretariat had been housed before it, and its head carries the title Director-General.