Indian Economy Mixed Quiz: Set 92

The Twelfth Five-Year Plan (2012-17) had the theme "Faster, More Inclusive and Sustainable Growth". It continued the inclusive-growth idea of the Eleventh Plan (2007-12), whose theme was "Towards Faster and More Inclusive Growth", and added sustainability as a stated goal.

The L. C. Gupta Committee appointed by SEBI recommended the introduction of exchange traded derivatives, the law was amended to include derivatives in the definition of securities, and trading in index futures began on the Indian stock exchanges in June 2000; index options, stock options and stock futures followed in…

Interest on the public debt is the single largest item of the Union Government's revenue expenditure, taking roughly a third of it.

. 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.

Under Article 279A of the Constitution, the Union Finance Minister is the Chairperson of the GST Council. Article 279A was added by the Constitution (One Hundred and First Amendment) Act, 2016, which brought in the Goods and Services Tax.

Mining, option A, has 14.37 per cent, and electricity, option C, has 7.99 per cent, so the three add up to a hundred.

Under Article 270 of the Constitution, the taxes levied and collected by the Union, such as income tax, corporation tax, Union excise duties and the central GST, form a divisible pool that is shared with the States on the recommendation of the Finance Commission.

Under the Trade Marks Act of 1999 a registration lasts ten years from the date of application and may be renewed for further periods of ten years without any limit on the number of renewals, so a brand name can in practice be protected for as long as the business…

In 2015-16 China was India's largest trading partner by total trade, that is exports plus imports. India's trade with China that year was about US$ 70 billion, but most of it was imports of electronics, machinery and chemicals, so India ran its largest bilateral trade deficit with China.

The MRTP Act treated size itself as a danger and required large undertakings to obtain approval for expansion, which suited a controlled economy.

The Rangarajan Committee built its poverty line basket from all three parts named in the question. The expert group headed by C. Rangarajan was set up in 2012 and reported in 2014, to review the Tendulkar method.

The Export Credit Guarantee Corporation, founded in 1957 and first called the Export Risks Insurance Corporation, insures an Indian exporter against the commercial risk of a buyer failing to pay and the political risk of war, exchange restrictions or a ban in the buyer's country, and it also guarantees the…

PM MITRA stands for PM Mega Integrated Textile Region and Apparel Parks, a scheme of the Ministry of Textiles to build large, world-class textile parks.

The Broad-based Trade and Investment Agreement was the name given to the free trade agreement that India and the European Union began negotiating in 2007.

This statement is not correct, because at the equilibrium of a competitive firm marginal cost must be rising. A firm in perfect competition is a price taker, so the price it gets equals its marginal revenue.

The Nikkei 225 is the benchmark index of the Tokyo Stock Exchange and is named after Nihon Keizai Shimbun, the newspaper that has compiled it since the 1950s; it covers 225 leading Japanese companies.

The Social Market Economy, Soziale Marktwirtschaft, was the model on which West Germany rebuilt its economy after the Second World War.

NISHTHA stands for National Initiative for School Heads' and Teachers' Holistic Advancement, a programme to train school teachers and heads.

The First Plan (1951 to 1956) gave agriculture, community development and irrigation about a third of its outlay, the highest share in any Indian plan.

By the law of demand, a normal good is bought less when its own price rises, while the effect on the other good depends on two forces pulling in opposite directions.