Indian Economy Mixed Quiz: Set 64

The amendment of 2017 raised paid maternity leave for women in establishments covered by the Maternity Benefit Act from twelve weeks to twenty-six weeks for the first two children, and it also provided for a creche facility in establishments above a prescribed size and for work from home where the…

In 1793 he settled the land revenue of Bengal, Bihar and Odisha permanently with the zamindars, who were recognised as proprietors so long as they paid a demand fixed for ever, and the cultivator was left without any recorded right in the land.

Working with Alexander Read in the ceded districts and later as Governor of Madras, Munro settled the revenue directly with each cultivator, the ryot, who was recognised as the owner of his field so long as he paid, with the demand revised every twenty or thirty years.

In a capitalist or market economy the means of production are privately owned and nobody issues orders about production.

The Scottish economist published the Wealth of Nations in 1776 and is called the father of economics; he argued that if each person pursues his own interest in a free market, an invisible hand guides the outcome to the good of society, which became the classic defence of capitalism and…

Make in India was launched in 2014, not 2018, and fostering innovation is one of its stated objectives. Prime Minister Narendra Modi launched Make in India on 25 September 2014 to turn India into a global hub for design and manufacturing.

It empowers the Union, the State and local governments to collect statistics on economic, demographic, social, scientific and environmental matters, obliges the informant to furnish the information asked for, and bars the disclosure of the information of an individual informant for any purpose other than statistics; it was amended in…

As a member of the World Trade Organization, India had to protect geographical indications under the TRIPS Agreement, and the 1999 Act was passed for that purpose.

It is the round the clock emergency number for a child in need of care and protection, and it connects the caller to the child protection machinery under Mission Vatsalya and the Juvenile Justice Act.

The census is taken by the Office of the Registrar General and Census Commissioner of India, which works under the Ministry of Home Affairs, under the authority of the Census Act of 1948; the same office maintains the civil registration system of births and deaths.

Courts had begun to strike down zamindari abolition laws as a breach of the right to property, so Parliament inserted Articles 31A and 31B and created the Ninth Schedule, in which a law can be placed to put it beyond challenge on the ground that it takes away a fundamental…

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.

In such an economy the state owns and runs the industries that need very large capital or serve strategic and social purposes, regulates the rest by law, and leaves ordinary production to private enterprise, while keeping responsibility for welfare and employment.

The rupee symbol was adopted by the Union Cabinet on 15 July 2010 after a public competition, and the winning design by D. Udaya Kumar, then a research scholar at the Indian Institute of Technology Bombay, joins the Devanagari letter ra with the Roman capital R and carries two parallel…

The index measures the short term change in the volume of production of the industrial sector and is published every month, with mining, manufacturing and electricity as its three sectors and a use-based classification into primary goods, capital goods, intermediate goods, infrastructure and construction goods, consumer durables and consumer non-durables.

The scheme, launched in 2019, is a voluntary and contributory pension arrangement for small and marginal farmers between eighteen and forty years of age; the farmer contributes a monthly amount that depends on the age of entry, the Union government contributes an equal amount, and a pension of three thousand…

Mission Shakti is one of the three umbrella schemes of that ministry from 2021, along with Mission Vatsalya for child protection and Mission Poshan 2.0 for nutrition, and it has two parts, Sambal for safety and security and Samarthya for empowerment.

From 1978 the state government ran a campaign to enter the names of sharecroppers, known there as bargadars, in official records, which gave them a permanent and heritable right to cultivate and a legally fixed share of the crop, and it is quoted as the most effective tenancy reform in…

Marx published the first volume of Das Kapital in 1867; it analysed capital, surplus value and the exploitation of labour and became the basic text of what is called scientific socialism.

The Office of the Economic Adviser in the Department for Promotion of Industry and Internal Trade, which is a department of that ministry, compiles and releases the Wholesale Price Index every month, along with the index of eight core industries; the wholesale index covers primary articles, fuel and power and…