Indian Economy Mixed Quiz: Set 87

The Mahalanobis Model shaped the Second Five Year Plan (1956-61), the Plan Holiday followed in 1966-69, and the Rolling Plan came in 1978-80.

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Mumbai, and it regulated commodity futures trading until its merger with SEBI in 2015, after which the Act itself was repealed.

Banks can create credit only from money deposited with them, so when people keep more cash at home, less is lent and re-lent, and the multiplier falls.

The account is opened by a guardian in the name of a girl child before she completes ten years of age, deposits are made for the first fifteen years, and the account matures twenty-one years from the date it was opened; a part withdrawal is allowed for higher education after…

Higher interest on deposits encourages people to save rather than spend, which pulls money out of circulation and cools demand.

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.

Primary deficit is fiscal deficit minus interest payments, so it shows the borrowing a government needs for its current needs alone.

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.

Barley, finger millet, groundnut and sesamum are among the crops covered by Minimum Support Price, while areca nut, coffee and turmeric are not.

The National Bank for Agriculture and Rural Development was set up on 12 July 1982 under the NABARD Act, 1981, as the apex institution for credit to agriculture and rural development, taking over the work of the Reserve Bank's Agricultural Credit Department and Rural Planning and Credit Cell and of…

There is no Sustainable Development Goal by that name; employment comes under Goal 8, Decent Work and Economic Growth, and Goal 10 is Reduced Inequalities.

Launched on 13 October 2021, PM Gati Shakti is an institutional answer to the old complaint that a road is dug up soon after it is laid because a pipeline or a cable was planned separately.

Monopolistic competition is a market with many buyers and sellers, each seller offering a product that is slightly different from the others.

An amendment of the Reserve Bank of India Act in 1956 replaced the proportional reserve system with the Minimum Reserve System, under which the Bank must hold assets worth two hundred crore rupees against the note issue, of which gold must be not less than one hundred fifteen crore rupees…

A demographic dividend is the boost to economic growth that a country can get when the share of people of working age, roughly 15 to 64 years, rises above the share of dependants, children and the elderly.

A benami transfer records land in the name of a relative, a servant or a fictitious person while the real owner keeps control, and it was the commonest device used to stay within the family ceiling on paper while holding far more land in fact, which is one reason so…

Khushkhera, Bhiwadi and Neemrana lie in the Alwar and Khairthal-Tijara belt of north-eastern Rajasthan, close to the Delhi border and on the Delhi-Jaipur highway, and the region is already a cluster of automobile ancillary, electronics and Japanese-owned units.

Surge pricing is a form of dynamic pricing in which the price moves up when demand rises faster than the available supply.

Demographic dividend is the growth bonus a country gets when its working age group grows larger than its dependent population.

Soap is sold by many firms under different brands that buyers see as close but not perfect substitutes, which is the mark of monopolistic competition.