Indian Economy Mixed Quiz: Set 82

A future is a standardised contract in which the exchange fixes the quantity, quality, delivery date and delivery centre, both parties deposit margin, positions are marked to market daily and a clearing corporation becomes the counterparty to both sides, so the risk of default is removed.

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.

Dholera lies in the Ahmedabad district of Gujarat, on the Gulf of Khambhat, and is the largest greenfield node of the Delhi Mumbai Industrial Corridor, planned as an industrial city with its own expressway link to Ahmedabad and an airport.

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 Forward Markets Commission was merged with SEBI on 28 September 2015, the Forward Contracts (Regulation) Act of 1952 was repealed by the Finance Act of 2015, and commodity derivatives were brought within the definition of securities under the Securities Contracts (Regulation) Act, 1956, so SEBI now regulates them.

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.

The Shendra-Bidkin Industrial Park lies near Chhatrapati Sambhajinagar, formerly Aurangabad, and is developed as the Aurangabad Industrial City, from which the short name AURIC comes.

A cartel is a horizontal agreement, that is one between enterprises at the same level of the production or supply chain, to fix prices, limit or control output, share markets or territories, or rig bids in a tender.

The Forward Markets Commission was set up in 1953 under that Act, with its office at Mumbai, and it regulated commodity futures trading until its merger with SEBI in 2015, after which the Act itself was repealed.

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.

The Amritsar Kolkata Industrial Corridor uses this line as its spine and plans integrated manufacturing clusters as its nodes across seven states.

Section 24 of the Reserve Bank of India Act, 1934 permits banknotes of denominations up to ten thousand rupees, so a note of a higher value would need an amendment of the Act by Parliament.

NCDEX, which began operations in 2003, is the exchange on which farm contracts such as guar seed, chana, castor seed, soybean, mustard, cotton and jeera are traded, and it is the reference point for agricultural futures prices in India.

These states made consolidation compulsory and completed it over most of their cultivated area, exchanging a farmer's scattered strips for one compact block, which made tube wells, tractors and field channels worth installing and so fed into the green revolution.

The correct answer is B, the Asian Development Bank, which prepared the conceptual development plan for the corridor and has financed its infrastructure in Andhra Pradesh.

Because resources are scarce and wants are unlimited, every economy must answer three questions, and these are called its central problems: what goods and in what quantity to produce, how to produce them, that is by which technique and combination of labour and capital, and for whom to produce, that…

Organised futures trading in India began with cotton at Bombay in 1875, and the association formed in that year is treated as the first organised futures market of the country; oilseeds, jute and bullion followed in the decades after.

The Visakhapatnam Chennai stretch was taken up as its first phase, with nodes at Visakhapatnam, Machilipatnam, Donakonda and Srikalahasti-Chittoor.

The Authority was created under the Warehousing (Development and Regulation) Act, 2007 to register warehouses and to regulate negotiable warehouse receipts, which allow a farmer to deposit produce in a registered warehouse, receive a receipt, raise a loan against it from a bank and sell the goods later instead of…

Its three nodes are Ponneri in Tamil Nadu, Tumakuru in Karnataka and Krishnapatnam in Andhra Pradesh, and the corridor is developed with Japanese cooperation to link the engineering and automobile cluster of Chennai with the electronics and machine tool cluster of Bengaluru.