Indian Economy Mixed Quiz: Set 80

The investment multiplier equals 1 ÷ (1 − MPC), so the smaller the share of extra income people spend, the smaller the multiplier.

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

M3, called broad money, is the measure of money supply most commonly used by the RBI for analysis and policy.

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.

When a government runs a large fiscal deficit, it borrows heavily from the same pool of savings that businesses draw on.

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

Tax Inspectors Without Borders is a joint initiative of the United Nations Development Programme and the Organisation for Economic Co-operation and Development.

The Hang Seng index records the leading shares of the Hong Kong Stock Exchange and has been published since 1969; it is one of the most quoted Asian indices along with the Nikkei of Tokyo and the KOSPI of Seoul.

India has long imported apples from the United States, mainly the Washington apples sold in Indian cities.

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 National Career Service belongs to the Ministry of Labour and Employment, and it serves all job seekers, not only uneducated youth.

The survey was launched in 2017 in place of the earlier five-yearly employment and unemployment rounds of the National Sample Survey, and it reports the labour force participation rate, the worker population ratio and the unemployment rate on the three activity statuses, namely usual status, current weekly status and current…

The law of demand assumes buyers are not swayed by imitating others; the demonstration effect is in fact one of its exceptions.

Work through the expression in two steps. Adding depreciation to a net aggregate turns it gross, so NNP at market prices plus depreciation gives GNP at market prices.

The FATF sets the international standards that countries follow to fight dirty money and terror funding. The FATF is an inter-governmental body set up in 1989 at the G7 summit in Paris, and its secretariat is housed at the OECD in Paris.

Created under the Code of 2016, it registers and oversees insolvency professionals, insolvency professional agencies and information utilities, and makes the regulations under which the resolution process runs, which makes it both a regulator and a rule-maker.

The RBI's FI-Index is built from these three sub-indices. The RBI introduced the Financial Inclusion Index in August 2021 to measure how far financial inclusion has spread across the country.

Investors accept a lower coupon on a convertible bond in return for the option to become shareholders, and that option gives some protection against rising prices.

The Act guarantees at least 100 days of unskilled manual work, not skilled labour.

Statements 2 and 3 are correct; statement 1 is not. The SHG movement in banking was started by NABARD, not the State Bank of India.