Indian Economy Mixed Quiz: Set 57

The Second Plan put its stress on basic and heavy industries, not on consumer goods, which were left mainly to small and cottage industries.

Necessities and luxuries are matched correctly, but an inferior good has a negative income elasticity, not a positive one. Income elasticity of demand is the percentage change in quantity demanded divided by the percentage change in income.

The Finance Minister announced Sovereign Green Bonds in the Union Budget speech of 1 February 2022, as part of the government's overall market borrowing.

PM-KISAN pays each eligible landholding farmer family two thousand rupees every four months, that is six thousand rupees a year, straight into an Aadhaar-seeded bank account; the whole cost is borne by the Union government because it is a central sector scheme.

The neem layer releases nitrogen slowly, so crops take up more of it and less is lost. Plain urea dissolves fast and much of its nitrogen is lost by leaching into groundwater and as gases.

The committee headed by the industrialist Baba Kalyani submitted its report on the special economic zone policy in 2018, arguing that the zones should be judged by the economic activity and employment they create rather than by exports alone, and recommending a new framework of employment and economic enclaves serving…

Saubhagya, the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, was launched to give an electricity connection to every household in the country.

Banking and insurance create no physical product; they support production and trade by providing credit, moving money and covering risk, and such support activities are the core of the tertiary or service sector.

The nature of the good, its substitutes and its share in the budget decide how strongly demand reacts to price; the growth of income in the economy does not.

When people keep more of their money in banks instead of as cash, banks can lend more, so each rupee of reserve money creates more money in the economy.

On the frontier all resources are already fully used, so more of one good can be produced only by giving up some of the other.

The all-India Index of Industrial Production is compiled with 2011-12 as its base year, a revision announced in 2017 that replaced the older 2004-05 base.

The Code on Wages, 2019 was passed by Parliament, received the President's assent and was notified in the Gazette of India on 8 August 2019.

Asia takes the largest share of India’s exports, close to half of the total, far ahead of any other continent.

It was the first law on the subject and gave village credit societies a legal form, following the recommendation of the Famine Commission and the study of European land banks by Frederick Nicholson, with the German Raiffeisen societies as the model.

Statement 1 is right because when the United States Federal Reserve tightens, returns there become attractive and portfolio money flows out of emerging markets, which is capital flight.

The Rashtriya Gokul Mission was launched to conserve and develop indigenous cattle and buffalo breeds scientifically, and it matters most to the small farmers and landless labourers who keep most of these animals.

Section 22 of the Reserve Bank of India Act, 1934 confers on the Reserve Bank the sole right to issue banknotes in India, and the Issue Department of the Bank keeps this function separate from its banking business.

Benami property can be confiscated by the Central Government, but the Act covers transactions the owner is unaware of and it does provide an appeal.

The Atal Innovation Mission (AIM) was set up in 2016 by NITI Aayog as the Government of India's flagship programme to promote innovation and entrepreneurship.