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Indian Economy

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Indian economy miscellaneous
  1. What is CRISIL?








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    CRISIL is the Credit Rating Agency of India. CRISIL's majority shareholder is Standard and Poor's (S&P).

    Correct Option: D

    CRISIL is the Credit Rating Agency of India. CRISIL's majority shareholder is Standard and Poor's (S&P).

  1. According to the data studied by Planning commission in 2011-12, how much the population of India falls under the poverty line?








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    According to the data studied by Planning Commission in 2011-12, 21.9% of the population of India falls under the poverty line.

    Correct Option: B

    According to the data studied by Planning Commission in 2011-12, 21.9% of the population of India falls under the poverty line.

  1. FEMA (Foreign Exchange Management Act) was finally implemented in the year








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    FEMA (Foreign Exchange Management Act) was finally implemented in the year 2002 to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and maintenance of promoting the orderly development and maintenance of foreign exchange market in India". It replaced Foreign Exchange Regulation Act (FERA).

    Correct Option: C

    FEMA (Foreign Exchange Management Act) was finally implemented in the year 2002 to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and maintenance of promoting the orderly development and maintenance of foreign exchange market in India". It replaced Foreign Exchange Regulation Act (FERA).

  1. The Planning Commission fixed the baseline of poverty per capita per month in city areas to








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    The Planning Commission fixed the baseline of poverty per capita for rural areas using the Tendulkar methodology at ₹ 816 per capita per month and ₹ 1,000 per capita per month in urban areas.

    Correct Option: D

    The Planning Commission fixed the baseline of poverty per capita for rural areas using the Tendulkar methodology at ₹ 816 per capita per month and ₹ 1,000 per capita per month in urban areas.

  1. The BPL formula was suggested for the evaluation of poverty in the chairmanship of








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    Prof. Tendulkar's pioneering contribution was his extensive work on poverty and estimation of people below poverty line (BPL). A committee was formed by government of India in 2009, with Tendulkar as Chairman to 'report on methodology of estimation of poverty'. In 2009, this committee came out with a new method to calculate poverty.

    Correct Option: A

    Prof. Tendulkar's pioneering contribution was his extensive work on poverty and estimation of people below poverty line (BPL). A committee was formed by government of India in 2009, with Tendulkar as Chairman to 'report on methodology of estimation of poverty'. In 2009, this committee came out with a new method to calculate poverty.