Indian economy miscellaneous


  1. The Reserve Bank of India









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    The agricultural policy of the Government of India envisages substantial credit flow to increase agricultural production and productivity. Banks provide term finance to farmers for development purposes and short term loans for production purposes. Besides, NABARD provides its refinance for the promotion of agriculture in India.

    Correct Option: D

    The agricultural policy of the Government of India envisages substantial credit flow to increase agricultural production and productivity. Banks provide term finance to farmers for development purposes and short term loans for production purposes. Besides, NABARD provides its refinance for the promotion of agriculture in India.


  1. Where is the biggest private sector power project in India located?











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    Tata Power, in March 2012, synchronized the second unit of its Maithon power project in Jharkhand. With this 525 megawatt (Mw) unit, the company has a total power generation capacity of 5,297 Mw, making it the country’s largest private sector power generating firm. The Maithon project's first unit was commissioned in September 2011. It is a 74:26 joint venture between Tata Power and Damodar Valley Corporation.

    Correct Option: E

    Tata Power, in March 2012, synchronized the second unit of its Maithon power project in Jharkhand. With this 525 megawatt (Mw) unit, the company has a total power generation capacity of 5,297 Mw, making it the country’s largest private sector power generating firm. The Maithon project's first unit was commissioned in September 2011. It is a 74:26 joint venture between Tata Power and Damodar Valley Corporation.



  1. What is the “Gram Samridhi Yojana” in replacment of









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    Jawahar Gram Samridhi Yojana (JGSY) is the restructured, streamlined and comprehensive version of the erstwhile Jawahar Rozgar Yojana (JRY). It was launched on 1st April, 1999. It has been designed to improve the quality of life of the rural poor by providing them additional gainful employment.

    Correct Option: B

    Jawahar Gram Samridhi Yojana (JGSY) is the restructured, streamlined and comprehensive version of the erstwhile Jawahar Rozgar Yojana (JRY). It was launched on 1st April, 1999. It has been designed to improve the quality of life of the rural poor by providing them additional gainful employment.


  1. The largest share in our imports is from









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    Large quantity of imports of India comes from OPEC countries like Saudi Arabia, Iran, Brazil, etc. Normally, this group accounts for more than 25 per cent of India's imports. As per the Economic Survey 2011-2012, United Arab Emirates and Saudi Arabia were the major exporters to India. India's foreign trade with developing countries has been on the rise. Share of these countries in India's import trade has increased to over 31 per cent.

    Correct Option: C

    Large quantity of imports of India comes from OPEC countries like Saudi Arabia, Iran, Brazil, etc. Normally, this group accounts for more than 25 per cent of India's imports. As per the Economic Survey 2011-2012, United Arab Emirates and Saudi Arabia were the major exporters to India. India's foreign trade with developing countries has been on the rise. Share of these countries in India's import trade has increased to over 31 per cent.



  1. The highest foreign exchanged earners have been the export of









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    The gems and jewellery sector is a major foreign exchange earner. At present, gems and jewellery is the second largest foreign exchange earner in the country surpassing even what was earned by the textile and apparel sector. The countries where demand is increasing for Indian jewellery include the UAE, the US, Russia, Singapore, Hong Kong, Latin America and China.

    Correct Option: B

    The gems and jewellery sector is a major foreign exchange earner. At present, gems and jewellery is the second largest foreign exchange earner in the country surpassing even what was earned by the textile and apparel sector. The countries where demand is increasing for Indian jewellery include the UAE, the US, Russia, Singapore, Hong Kong, Latin America and China.