Net Factor Income from Abroad (NFIA) refers to income generated by nationals abroad in the form of wages, salaries, rent, interest, dividend and profit. It has the following three components: (a) Net compensation of employees; (b) Net income from property i.e., rent, interest and income from entrepreneurship (that is, profits and dividends); and (c) Net retained earnings of the resident companies working in foreign countries. Profits earned by Indian banks functioning abroad come under ‘income from entrepreneurship.’

Correct Option: A

Net Factor Income from Abroad (NFIA) refers to income generated by nationals abroad in the form of wages, salaries, rent, interest, dividend and profit. It has the following three components: (a) Net compensation of employees; (b) Net income from property i.e., rent, interest and income from entrepreneurship (that is, profits and dividends); and (c) Net retained earnings of the resident companies working in foreign countries. Profits earned by Indian banks functioning abroad come under ‘income from entrepreneurship.’

Indian economy is an example of mixed economy, an economic system that contains a mixture of markets and economic planning, in which both the private sector and state direct the economy. It is a mixture of public ownership and private ownership; and market economies with strong regulatory oversight and governmental provision of public goods.

Correct Option: A

Indian economy is an example of mixed economy, an economic system that contains a mixture of markets and economic planning, in which both the private sector and state direct the economy. It is a mixture of public ownership and private ownership; and market economies with strong regulatory oversight and governmental provision of public goods.

Aditya Birla Retail Limited (ABRL), the retail arm of Aditya Birla Group company, operates two store formats - Supermarket and Hypermarket under the brand ‘more’. ABRL is the 4th largest supermarket chain in India after Future Group, Reliance Retail and D-Mart.

Correct Option: C

Aditya Birla Retail Limited (ABRL), the retail arm of Aditya Birla Group company, operates two store formats - Supermarket and Hypermarket under the brand ‘more’. ABRL is the 4th largest supermarket chain in India after Future Group, Reliance Retail and D-Mart.

According to the latest figures, in terms of export value (in lakhs), chilli occupied first place among spices in 2013-14 (estimated). The total value of chillies was 272,227.20 lakhs, Cumin: 160,006.00 lakh, Pepper: 94,002.34 lakh, etc (Data: Spices Board of India, Union Ministry of Commerce & Industry).

Correct Option: B

According to the latest figures, in terms of export value (in lakhs), chilli occupied first place among spices in 2013-14 (estimated). The total value of chillies was 272,227.20 lakhs, Cumin: 160,006.00 lakh, Pepper: 94,002.34 lakh, etc (Data: Spices Board of India, Union Ministry of Commerce & Industry).

In 1969, 14 major private commercial banks were nationalized. This was followed by a second phase of nationalization in 1980, when Government of India acquired the ownership of 6 more banks, thus bringing the total number of nationalized Banks to 20.

Correct Option: C

In 1969, 14 major private commercial banks were nationalized. This was followed by a second phase of nationalization in 1980, when Government of India acquired the ownership of 6 more banks, thus bringing the total number of nationalized Banks to 20.