Indian Economy Mixed Quiz: Set 81

A change in a good's own price, with everything else fixed, moves the buyer up or down the same demand curve.

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

Crowding-in means that government spending pulls private investment in rather than pushing it out. When the government builds roads, railways, ports and power lines, it lowers the cost of doing business and raises demand for cement, steel and machinery.

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.

At the point where total utility is highest, marginal utility is zero but average utility is still positive, so the two cannot be equal.

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.

A derivative has no independent value of its own; it is a contract whose worth is drawn from the price of something else, which may be a commodity such as gold or crude oil, a share, a stock index, a currency or an interest rate.

The DAX is the benchmark index of the Frankfurt Stock Exchange and tracks the largest German companies by market capitalisation and turnover.

The Western Dedicated Freight Corridor, the spine of the Delhi Mumbai Industrial Corridor, runs about fifteen hundred kilometres from Dadri in Uttar Pradesh to the Jawaharlal Nehru Port near Navi Mumbai, which is India's largest container handling port.

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.

A monopolist restricts output and charges a higher price, so it does not produce the efficient level of output. A monopoly is a single seller of a product with no close substitutes and strong barriers to entry.

The National Monetisation Pipeline was released in August 2021 in two volumes, the second of which lists the assets ministry by ministry, with an aggregate monetisation potential of about six lakh crore rupees over four years from roads, power transmission, railways, pipelines, warehouses, stadiums and airports.

Opportunity cost is what you sacrifice by choosing one option, measured by the best option you did not take. Because resources such as time, money and land are scarce, choosing one use means giving up others.

The New Delhi Leaders' Summit of September 2023, held under India's presidency at Bharat Mandapam, admitted the African Union as a permanent member, so that the group now has a second regional organisation alongside the European Union.

An option gives its buyer the right, but not the obligation, to buy or sell the underlying asset at the strike price on or before a stated date, and for this right the buyer pays a premium to the seller, who is called the writer.

It is the umbrella scheme of the Ministry of Food Processing Industries for building modern infrastructure and an efficient supply chain from farm gate to retail outlet.

The Delhi Mumbai Industrial Corridor was conceived in 2006 as a project to be built with Japanese technical and financial cooperation, and Japanese agencies have funded both the Western Dedicated Freight Corridor and several of the corridor's nodes.

The quantity demanded falls by 50% while the price rises by 50%, and 50 divided by 50 gives a price elasticity of 1.

A call is the right to call the asset away from the seller, that is to buy it, and a buyer purchases a call when he expects the price of the underlying to rise above the strike price.

The corridor's influence zone covers Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra, besides the National Capital Territory of Delhi, and about forty per cent of its length lies in Rajasthan and Gujarat together.