Indian Economy Mixed Quiz: Set 74

The MPI measures the overlapping deprivations each person faces across indicators of health, education and standard of living. The global MPI was developed in 2010 by the Oxford Poverty and Human Development Initiative and the UNDP.

It was established in 1875 as the Native Share and Stock Brokers Association and functions from Dalal Street in Mumbai, which makes it the oldest stock exchange in Asia; it was also the first exchange in India to receive permanent recognition from the Government under the Securities Contracts (Regulation) Act…

The new Act widened the definition of a consumer to cover online, teleshopping and multi-level marketing purchases, created the Central Consumer Protection Authority, introduced product liability and rules for electronic commerce, allowed mediation and e-filing, and renamed the three redressal bodies as Commissions.

The Consumer Protection Act, 1986 created a three-tier machinery and fixed a money limit for each tier: the district forum could hear a complaint where the value of the goods or services and the compensation claimed did not exceed twenty lakh rupees, the state commission took claims above that limit…

The SENSEX, short for Sensitive Index, is composed of 30 large, well established and actively traded companies listed on the Bombay Stock Exchange, and since 2003 it has been calculated on the free-float market capitalisation method, which counts only the shares actually available for trading.

Industrial corridors are linear development belts built along a transport spine to speed up industrial growth, but they do not link all State capitals.

The CCPA is a regulator created by that Act to protect the interests of consumers as a class, and not merely to decide an individual complaint.

PAHAL is the direct benefit transfer scheme for subsidy on cooking gas (LPG). PAHAL stands for Pratyaksh Hanstantrit Labh, meaning direct transferred benefit.

The Sensex was launched in 1986 and its series was worked back to the base year 1978-79, for which the index value is taken as 100, so that a Sensex reading shows how many times the market has grown since that base.

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.

It is headed by a sitting or retired judge of the Supreme Court, hears complaints above the pecuniary limit prescribed for the State Commissions, and also hears appeals from them.

Charles Fourier and Saint-Simon were French thinkers of the early nineteenth century who, with Robert Owen in Britain, argued that competition should be replaced by cooperative and planned communities in which property is held in common.

The Dow Jones Industrial Average tracks 30 large American companies and is quoted for the New York Stock Exchange; it was created by Charles Dow in 1896 and is the oldest index of share prices still in use, the broader American benchmark being the S&P 500 and the technology-heavy one…

This output-linked design is what distinguishes the PLI scheme from older industrial subsidies: a selected manufacturer receives an incentive, usually a percentage of the additional sales of eligible goods made in India, for a fixed number of years, so the payment follows production and sales actually achieved.

National Consumer Day marks the day on which the Consumer Protection Act, 1986 received the assent of the President of India, and it is observed every year with campaigns on consumer rights and on the machinery available for redressal.

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.

The Nikkei 225 is the benchmark index of the Tokyo Stock Exchange and is named after Nihon Keizai Shimbun, the newspaper that has compiled it since the 1950s; it covers 225 leading Japanese companies.

The MRTP Act treated size itself as a danger and required large undertakings to obtain approval for expansion, which suited a controlled economy.

The FTSE 100 began in 1984 and records the share prices of the hundred largest companies by market capitalisation listed in London; the name comes from the Financial Times and the Stock Exchange, which set up the index jointly, and it is read as the Footsie.

Appeals from the Commission were earlier heard by the Competition Appellate Tribunal, and that work was transferred to the National Company Law Appellate Tribunal, from whose order a further appeal lies to the Supreme Court.