Indian Economy Mixed Quiz: Set 77

KOSPI stands for the Korea Composite Stock Price Index and is the benchmark of the Korea Exchange, which handles the securities market of South Korea.

Mutual funds in India are registered with and regulated by the Securities and Exchange Board of India under the SEBI (Mutual Funds) Regulations, 1996, which lay down the three-tier structure of sponsor, trustees and asset management company, the scheme categories, the cap on the expense ratio and the disclosures a…

PAHAL, the direct benefit transfer scheme for cooking gas, was begun in fifty-four districts in November 2014 and extended to the whole country from 1 January 2015; the consumer buys the cylinder at the market price and the subsidy is credited to his bank account, and the Give It Up…

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 Unit Trust of India was established in 1963 by an Act of Parliament and launched its first scheme, Unit Scheme 1964 or US-64, in the following year; it held a monopoly of the business until 1987.

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…

It was established in 1602 by the Dutch East India Company, whose shares were traded there continuously, and it is therefore counted as the world's first stock exchange; the exchange is now part of Euronext.

Direct Benefit Transfer began on that date in a small group of districts and for a limited number of schemes, and was then extended across the country and to hundreds of central schemes, paying scholarships, pensions, wages and subsidies into the beneficiary's own bank account.

The budget documents group food, fertiliser and petroleum together as the major subsidies, because they are the three largest explicit subsidy payments made by the central government.

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.

The AMC is appointed by the trustees, is registered with SEBI and runs the schemes from day to day: it employs the fund managers, decides which securities to buy and sell, and is paid a management fee out of the scheme.

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…

NASDAQ opened in 1971 in the United States as the world's first electronic stock market, with quotations carried on a computer network instead of a trading floor, and it now lists most of the large American technology companies; its benchmark is the NASDAQ Composite.

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 Act divides the covered population into priority households, who receive five kilograms of grain for each member every month, and Antyodaya Anna Yojana households, which are the poorest and receive thirty-five kilograms for the whole household every month.

The logo of Make in India is a lion in mid-stride, drawn out of cogwheels or gears, the gears standing for manufacturing and industry and the lion for courage and strength; it is derived from the Ashoka emblem in spirit and was unveiled with the programme in September 2014.

An ELSS is an equity mutual fund scheme that qualifies for the deduction allowed on specified savings, and each instalment is locked in for three years from the date of investment, which is the shortest lock-in among the instruments eligible for that deduction.

SEBI was set up in 1988 as a non-statutory body and was given statutory status and powers by the Securities and Exchange Board of India Act, 1992, after which it became the regulator of the securities market, with its head office in Mumbai; appeals from its orders lie to the…

Under this scheme a fixed subsidy is announced for each nutrient contained in a phosphatic or potassic fertiliser, and the manufacturer is free to fix the selling price, the aim being to encourage a balanced use of nutrients in the soil.

An ETF is listed on a stock exchange and traded through a broker in a demat account at prices that move during market hours, which is what separates it from every other kind of scheme.