Indian Economy Mixed Quiz: Set 89

Mahalanobis. His model shaped the Second Five Year Plan (1956-61), which set India's path of heavy industrialisation, so he is called the architect of Indian planning.

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.

Both statements misdescribe the GDP deflator. The deflator is the ratio of nominal GDP to real GDP, multiplied by 100.

The NAV is the per unit book value of a scheme: take the market value of all the securities and cash the scheme holds, subtract its liabilities and accrued expenses, and divide by the number of units outstanding.

Foreign currency assets make up the largest part of India's foreign exchange reserves, but holding them is never free, so statement 2 is false.

It is headed by a sitting or retired judge of the Supreme Court, hears complaints above the pecuniary limit prescribed for the State Commissions, and also hears appeals from them.

Structural unemployment arises when the structure of the economy changes, through new technology or a lasting shift in what people buy, and workers' skills no longer match the jobs available.

The Export-Import Bank of India was set up in 1982 under the Export-Import Bank of India Act of 1981, as the country's apex institution for financing and promoting foreign trade; it lends to exporters, finances overseas buyers of Indian goods and operates the lines of credit extended by the Government…

These are the four pillars of human development set out by the economist Mahbub ul Haq, who led the team that prepared the first Human Development Report for the UNDP in 1990, working closely with Amartya Sen.

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…

The sub-prime crisis was the collapse of risky American home loans in 2007 and 2008 that set off the worldwide Great Recession.

A subsidy neither creates an asset for the government nor reduces any liability, so in the budget it is classified as revenue expenditure, and a large subsidy bill therefore widens the revenue deficit as well as the fiscal deficit.

All three are social security schemes, launched together by the Government of India on 9 May 2015 to give pension and insurance cover to ordinary people, especially in the unorganised sector.

It empowers the Union, the State and local governments to collect statistics on economic, demographic, social, scientific and environmental matters, obliges the informant to furnish the information asked for, and bars the disclosure of the information of an individual informant for any purpose other than statistics; it was amended in…

Statement 1 defines a price index correctly, but statement 2 gets the third year's inflation wrong. A price index such as the Consumer Price Index tracks the cost of a fixed basket of goods and services over time, compared with a base year whose value is set at 100.

The Securities and Exchange Board of India regulates the securities market and protects investors. SEBI was set up as a non-statutory body in 1988 and was given statutory powers by the SEBI Act of 1992, passed after the Harshad Mehta scam exposed how weak market supervision was.

The Gini coefficient is the standard single number used to show how unequally income or wealth is shared among the people of a country.

The Human Development Index of the UNDP has only three dimensions, and financial access is not one of them.

Blue growth means using the sea for economic progress without harming the health of the ocean. The idea, part of the wider blue economy, covers fisheries and aquaculture, shipping and ports, coastal tourism, offshore energy, seabed minerals and marine biotechnology.

Core inflation leaves out food and fuel, whose prices swing sharply with monsoons, harvests and world oil prices, so that it shows the steady, underlying trend of prices.