Business/Economy,

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Economy

1- The core sector of Indian economy is Iron and Steel

2-The Chairman of Planning Commission is ‘The Prime Minister’.

3-‘Poverty Line’ means – The minimum level of per capita consumer expenditure

4-The ‘Big Push’ strategy was adopted for development of India’s- Second Plan

5-The oldest large scale industry in India is Cotton Textile

6-National Rural Development Institute is situated at Hyderabad

7-National Income estimates in India is prepared by  C.S.O.

8-Dalal street is situated at Mumbai

9-The value of Gold is determined in London

10-Diamond cutting is undertaken as a cottage industry in Gujarat

11-The former name of State Bank of India was Imperial Bank of India

12-Consumer Protection Act (CORPA) was implemented in 1986

13-RBI was nationalised on 1949

14- IDA  is known as Soft loan window of World Bank

15-Foreign currency which has a tendency of quick migration is called ‘Hot currency’.

16-The New Symbol of Indian Rupee is a blend of Devanagiri Ra and Roman

17-The bank which has the highest number of branches in the world is  State Bank of India

18-The former name of Reserve Bank of India was Central Bank of India

19-MRTP Act was implemented in 1970

20-Corporate Tax is imposed by Central Government.

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