Indian economy miscellaneous


  1. The main objective of Antyodaya Programme is









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    Antyodaya Anna Yojana (AAY) is a centrally sponsored scheme which was launched in December 2000 for one crore of the poorest families. It is on the lookout for the 'poorest of the poor' by providing them 35 kilos of rice and wheat at Rs.2 per kg.

    Correct Option: C

    Antyodaya Anna Yojana (AAY) is a centrally sponsored scheme which was launched in December 2000 for one crore of the poorest families. It is on the lookout for the 'poorest of the poor' by providing them 35 kilos of rice and wheat at Rs.2 per kg.


  1. Which of the following is the largest employer in India?









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    Indian Railways not just runs the world's third largest railroad network but is also among the largest employers. As in 2012, it is the world's seventh largest employer in the world, according to Economist magazine, with over 1.4 million employees. It is ranked as largest employer after the US Defence Department, the Chinese army, Wal-Mart, China National Petroleum, State Grid of China and British health services.

    Correct Option: C

    Indian Railways not just runs the world's third largest railroad network but is also among the largest employers. As in 2012, it is the world's seventh largest employer in the world, according to Economist magazine, with over 1.4 million employees. It is ranked as largest employer after the US Defence Department, the Chinese army, Wal-Mart, China National Petroleum, State Grid of China and British health services.



  1. Fiscal policy is concerned with









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    Fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The two main instruments of fiscal policy are government taxation and changes in the level and composition of taxation and government spending can affect the following variables in the economy: Aggregate demand and the level of economic activity; the pattern of resource allocation; and the distribution of income.

    Correct Option: D

    Fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The two main instruments of fiscal policy are government taxation and changes in the level and composition of taxation and government spending can affect the following variables in the economy: Aggregate demand and the level of economic activity; the pattern of resource allocation; and the distribution of income.


  1. Banks in India were nationalised for the first time in the year –









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    The Government of India issued an ordinance ('Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969')) and nationalized the 14 largest commercial banks with effect from the midnight of July 19, 1969. These banks contained 85 percent of bank deposits in the country. A second dose of nationalization of 6 more commercial banks followed in 1980.

    Correct Option: C

    The Government of India issued an ordinance ('Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969')) and nationalized the 14 largest commercial banks with effect from the midnight of July 19, 1969. These banks contained 85 percent of bank deposits in the country. A second dose of nationalization of 6 more commercial banks followed in 1980.



  1. NABARD is the name of a









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    The National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector. It has been accredited with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India.”

    Correct Option: C

    The National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector. It has been accredited with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India.”