Sunday, October 26, 2014

Economy Snippets

NABARD was established under recommendations ofShivaraman Committee
The chairman of Fourteenth Finance CommissionY.V. Reddy
Banks of India were nationalised for the first time in the year1969
The main aim of devaluation is toEncourage exports
What is the tertiary sector of economic developmentService Sector?
Which state of India has highest Per capita incomeGoa
RBI was nationalised in the year1935
National Agriculture Insurance Scheme was introduced in1999
Short term finance is usually for a period of12 months
Who is the regulator of Insurance sector in IndiaIRDA
Who is the Census Commissioner for Census 2011?C. Chandramouli
The main rubber producing state in the country isKerala
The largest producer of Coffee in the country isKarnataka
At present, the number of nationalised banks in the country19
Project SANKALP is associated with the elimination ofAIDS
The central banking functions in India are performed by theReserve Bank of India
Development expenditure of the Central government does not includeDefence expenditure
Gilt-edged market meansMarket of Government Securities
Loss of equipment over time due to wear and tear is called asDepreciation
The association of the rupee with Pound Sterling as the intervention currency was broken in1992
On July 12, 1982, the ARDC was merged intoNABARD
If the Cash Reserve Ratio is lowered by the RBI, its impact on credit creation will be toIncrease it
In the state of India, the State Financial Corporation have given assistance mainly to developSmall and medium scale industries
States earn maximum revenue throughCommercial Taxes
The first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country isEssar Oil
The condition of indirect taxes in the country's revenue is approximately86%
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in1987
Of the gross tax revenue of the Union Government the indirect taxes account for nearly65 percent
The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called asStatutory 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 wasOudh Commercial Bank
The apex body for formulating plans and coordinating research work in agriculture and allied fields isIndian Council of Agricultural Research
Short-term finance is usually for a period ranging up toOne year
Paper currency first started in India in1861
Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to100%
The largest sponge iron producer in the world isIndia
National Rural Development Institute is situated atHyderabad
The bank which has the highest number of branches in the world isSBI
The Mumbai Stock Exchange was set up in1875
Rangarajan Committee is related toPublic Sector disinvestment
Raja Chellaiah Committee is related toTax Reforms
Malhotra Committee is related toInsurance Sector Reforms
Narasimham Committee is related toFinancial Sector Reforms
The principle means of transport of goods in India isRailways
India's place in the World Production of Sugar and Sugarcane isFirst
State with Highest Production of Wheat (2011-12) isUttar Pradesh
State with Highest Production of Rice (2011-12) isWest Bengal
State with Highest Production of Pulses (2011-12) isMadhya Pradesh
State with Highest Production of Total Food Grains (2011-12) isUttar Pradesh
State with Highest Production of total Oil Seeds (2011-12) isState with Highest Production of total Oil Seeds (2011-12) is
The policy of Family Planning was adopted by the government in1952
Bank Rate meansThe official rate of interest charged by the central bank of the country
The term MARKET in economics meansPresence of competition
Commercial banking system in India isBranch banking
Demand of commodity mainly depends onPower to purchase
CMD of Bharatiya Mahila Bank isUsha Ananthasubramanian
Mr. Cyrus Pallonji Mistry took over as the chairman of which industrial group recently?Tata Group

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