ECONOMY SNIPPETS

ECONOMY SNIPPETS

NABARD was established under recommendations of	Shivaraman Committee
The chairman of Fourteenth Finance Commission	Y.V. Reddy
Banks of India were nationalised for the first time in the year	1969
The main aim of devaluation is to	Encourage exports
What is the tertiary sector of economic development	Service Sector?
Which state of India has highest Per capita income	Goa
RBI was nationalised in the year	1935
National Agriculture Insurance Scheme was introduced in	1999
Short term finance is usually for a period of	12 months
Who is the regulator of Insurance sector in India	IRDA
Who is the Census Commissioner for Census 2011?	C. Chandramouli
The main rubber producing state in the country is	Kerala
The largest producer of Coffee in the country is	Karnataka
At present, the number of nationalised banks in the country	19
Project SANKALP is associated with the elimination of	AIDS
The central banking functions in India are performed by the	Reserve Bank of India
Development expenditure of the Central government does not include	Defence expenditure
Gilt-edged market means	Market of Government Securities
Loss of equipment over time due to wear and tear is called as	Depreciation
The association of the rupee with Pound Sterling as the intervention currency was broken in	1992
On July 12, 1982, the ARDC was merged into	NABARD
If the Cash Reserve Ratio is lowered by the RBI, its impact on credit creation will be to	Increase it
In the state of India, the State Financial Corporation have given assistance mainly to develop	Small and medium scale industries
States earn maximum revenue through	Commercial Taxes
The first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country is	Essar Oil
The condition of indirect taxes in the country's revenue is approximately	86%
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in	1987
Of the gross tax revenue of the Union Government the indirect taxes account for nearly	65 percent
The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called as	Statutory Liquid Ratio (SLR)
How many banks were nationalized in 1969?	14
In India, the first bank of limited liability manages by Indians and founded in 1881 was	Oudh Commercial Bank
The apex body for formulating plans and coordinating research work in agriculture and allied fields is	Indian Council of Agricultural Research
Short-term finance is usually for a period ranging up to	One year
Paper currency first started in India in	1861
Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to	100%
The largest sponge iron producer in the world is	India
National Rural Development Institute is situated at	Hyderabad
The bank which has the highest number of branches in the world is	SBI
The Mumbai Stock Exchange was set up in	1875
Rangarajan Committee is related to	Public Sector disinvestment
Raja Chellaiah Committee is related to	Tax Reforms
Malhotra Committee is related to	Insurance Sector Reforms
Narasimham Committee is related to	Financial Sector Reforms
The principle means of transport of goods in India is	Railways
India's place in the World Production of Sugar and Sugarcane is	Second
State with Highest Production of Wheat (2011-12) is	Uttar Pradesh
State with Highest Production of Rice (2011-12) is	West Bengal
State with Highest Production of Pulses (2011-12) is	Madhya Pradesh
State with Highest Production of Total Food Grains (2011-12) is	Uttar Pradesh
State with Highest Production of total Oil Seeds (2011-12) is	Madhya Pradesh
The policy of Family Planning was adopted by the government in	1952
Bank Rate means	The official rate of interest charged by the central bank of the country
The term MARKET in economics means	Presence of competition
Commercial banking system in India is	Branch banking
Demand of commodity mainly depends on	Power to purchase
CMD of Bharatiya Mahila Bank is	Usha Ananthasubramanian
Mr. Cyrus Pallonji Mistry took over as the chairman of which industrial group recently?	Tata Group