Economy One-Liners for various competitive examinations

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Economy One-Liners for various competitive examinations

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Here are some important Economy one-liners for students competing for various exams

Watch some of the important Economy Bits below.


1- The principal sources of revenue to the State Government in India is__?
2-The philosophy of ‘Laissez-faire’ is associated with?
3-When did India become a member of the International Monetary Fund (IMF)?
4-When was the National Bank for Agriculture and Rural Development (NABARD) set up?

5-Which Indian got Nobel Prize for Economics?
6-Bad money (if not limited in quantity ) drives good money out of circulation.” is the law known as__?

7-Name the oldest insurance company of India?
8-Where in India, coins are minted?
9-Short-term finance is usually for a period ranging up to?
10-The main source of National Income in India is__?
11-Who presented the first union budget of Independent India?
12-The difference between GNP & GDP is__?
13- Which plan is also known as ‘Gadgil Yojana’?
14-Which ministry formulates fiscal policy?
15-What is the highest denomination of currency notes in circulation as legal tender in India at present?

16-Brent Index is associated with __?
17-Who is the chairman of 14th Finance Commission?
18-Who has presented the Union Budget of India the maximum number of times?
19-Who is called the ‘Father of Economics’?
20-States earn maximum revenue through?


ANS-

1-Sales Tax
2-Industrial States
3-1947
4-1982
5-Amartya Sen
6-Gresham’s law
7-Oriental Life Insurance company
8-Mumbai, Calcutta & Hyderabad
9-12 months
10-Agricultural Sector
11-RK Shanmukham Chetty
12-Capital Depreciation
13- 3rd FYP
14-Finance Ministry
15- Rs 2000
16-Crude oil prices
17-Y. V. Reddy
18-Morarji Desai
19-Adam Smith
20-Commercial Taxes


Also, watch another article on Economy here

Watch Current Affairs section for here 

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