Indian Economy Mixed Quiz: Set 93

The Eleventh Five-Year Plan (2007–2012) carried the title "Towards Faster and More Inclusive Growth". The Eleventh Plan was prepared by the Planning Commission under Prime Minister Manmohan Singh, with Montek Singh Ahluwalia as Deputy Chairman.

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.

When a company quietly cuts the quantity in a pack but keeps the same price, the buyer pays more per unit; this hidden price rise is shrinkflation.

The urban half of the mission, including the construction of community and public toilets, solid waste management and the Swachh Survekshan ranking of cities, is with that ministry, and its second phase, SBM-Urban 2.0, was launched on 1 October 2021 for garbage free cities.

Money from selling the government's stake in public sector enterprises reduces its assets, so it is a capital receipt, not a revenue receipt.

Section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 permits the central or a state government to require proof of an Aadhaar number, or of having applied for one, for any subsidy, benefit or service whose expenditure is met from the Consolidated…

The Indian Institute of Entrepreneurship in Guwahati was set up in 1993, not 1999, while its stated aim is indeed training, research and consultancy for small and micro enterprises.

An ELSS is an equity mutual fund scheme that qualifies for the deduction allowed on specified savings, and each instalment is locked in for three years from the date of investment, which is the shortest lock-in among the instruments eligible for that deduction.

TRIPS stands for the Agreement on Trade-Related Aspects of Intellectual Property Rights. TRIPS was negotiated in the Uruguay Round and came into force with the World Trade Organization on 1 January 1995, binding every WTO member.

The index measures the short term change in the volume of production of the industrial sector and is published every month, with mining, manufacturing and electricity as its three sectors and a use-based classification into primary goods, capital goods, intermediate goods, infrastructure and construction goods, consumer durables and consumer non-durables.

The Union Government created a separate Ministry of Cooperation on 6 July 2021 to strengthen the cooperative movement under the vision "Sahkar Se Samriddhi" (prosperity through cooperation).

In the public sector the government owns the assets and provides the services, and the aim is public welfare rather than profit; in the private sector ownership rests with individuals or companies and profit is the motive.

PKVY was started to help farmers shift to chemical-free, organic cultivation. Paramparagat means traditional, and the scheme revives traditional, low-input farming.

The SENSEX tracks thirty large, well traded companies listed on the BSE. The name is short for Sensitive Index.

The Nirbhaya Fund is a non-lapsable corpus administered by the Department of Economic Affairs in the Ministry of Finance. The fund was announced in the Union Budget of 2013-14 with an initial corpus of 1,000 crore rupees, after the December 2012 Delhi gang-rape case that shocked the country.

The Statement on Industrial Policy of that date ended licensing for all industries except a short reserved list, cut back the industries kept for the public sector, removed the requirement of prior government approval for expansion by large firms under the monopolies law, and allowed foreign direct investment up to…

RCEP is a free trade agreement built around ASEAN and its FTA partners, and India chose to stay out of it.

The Atal Innovation Mission (AIM) was set up by NITI Aayog in 2016 as the Government of India's flagship programme to promote innovation and entrepreneurship.

The National Mission on Edible Oils - Oil Palm (NMEO-OP), approved in August 2021, gives special focus to these two areas because their high rainfall and humid climate suit oil palm.

The Second Plan put heavy and basic industries in the public sector, and its planners found it hard to balance industry with agriculture; but it was drafted under P. C. Mahalanobis, not K. N. Raj.