Indian Economy Mixed Quiz: Set 91

The Second Plan (1956–61) was built on the model prepared by the statistician P. C. Mahalanobis, which gave priority to heavy and basic industries.

Contango is the normal condition of a commodity market, because anyone holding goods until a future date must pay for storage, insurance and interest on the money locked up, and those carrying costs are added to the spot price to arrive at the futures price.

Government spending adds to income more than an equal transfer, and its effect is smaller when money supply is not expanded alongside it.

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.

Income distance had the highest weight, followed by population, area and demographic change. The Fourteenth Finance Commission, chaired by Y.V.

Infrastructure needs loans of twenty years or more, while a commercial bank takes deposits for a few years, and the mismatch between the two had crippled infrastructure lending after earlier development finance institutions were converted into banks.

Invisibles are part of the current account of the balance of payments, not the capital account. The balance of payments records all of a country's transactions with the rest of the world and has two main parts.

Jim O'Neill, then an economist at Goldman Sachs, used the acronym BRIC in a paper of 2001 to describe Brazil, Russia, India and China, the four large economies he expected to grow into a major share of world output.

Milton Friedman put forward the natural rate of unemployment in his presidential address to the American Economic Association in 1967, published in 1968; Edmund Phelps reached a similar idea independently.

The mint of an Indian coin can be read from the small mark placed below the year of minting, and a five-pointed star stands for the Hyderabad mint.

UDAN is the regional connectivity scheme meant to grow regional air travel and make it affordable while keeping the routes viable for airlines.

Passed in 1978, it deleted the right to property from Part III and re-enacted it as Article 300A, under which no person may be deprived of property except by authority of law, so the protection is now a legal right enforceable through the ordinary courts rather than a fundamental right.

The Human Development Index, published by the United Nations Development Programme (UNDP) since 1990 and designed with the economist Mahbub ul Haq, measures three dimensions.

It inserted the words socialist, secular and integrity into the Preamble, so the description of India became a sovereign socialist secular democratic republic.

Monopolistic competition is a market with many sellers whose products are close substitutes but not exactly the same, such as different brands of soap, toothpaste or restaurant meals.

The government declared that 16 January, the day on which the Startup India Action Plan was released in 2016, would be celebrated as National Startup Day, and the National Startup Awards are associated with the same programme.

In Keynes's theory the level of employment in an economy is fixed by effective demand, the level of total spending at which aggregate demand equals aggregate supply.

The Insolvency and Bankruptcy Board of India was set up on 1 October 2016 under the Insolvency and Bankruptcy Code, 2016.

Allocation of resources through central planning is the mark of a socialist or command economy, not a capitalist one. In a capitalist economy, the means of production such as land, factories and capital are owned mainly by private individuals and firms.

. An Exchange-Traded Fund holds a basket of assets, such as the shares of an index, gold or bonds, and its units are listed and traded on a stock exchange like a share.