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-A new ‘Liberalized Industrial Policy’ in India was announced in 1991 for the first time.
2-Central Statistical Organisation issues the data of estimation of India’s National income.
3-Community Development Program (CDP) started in the year 1952.
4-Dadabhai Naoroji is the first person to establish the National Income in India.
5-Planning in India derives its objective from Directive Principles of State Policy.
6-Jawaharlal Nehru introduced the concept of Five year plan.
7-Central Bank of India is the former name for Reserve Bank of India.
8-The terms ‘Micro Economics’ and ‘Macro Economics’ were coined by Ragnar Frisch.
9-Currency Deutsche Mark belongs to Germany.
10- UNCTAD (United Nations Conference on Trade and Development) organisation publishes the ‘World Investment Report’ annually.
11-The data of estimation of India’s National income is issued by Central Statistical Organisation.
12-Pradhan Mantri Gramodaya Yojana started in the year 2000.
13-Small industries Development bank of India is the founder of SME Rating Agency of India.
14-First, five year plan was based on Herold -Domar Model.
15-A closed-economy is the economy in which Neither imports nor Exports take place.
16-Foreign currency which has a tendency of quick migration is Hot Currency.
17-In 1970, the MRTP Act became effective.
18-Y.V. Reddy– the Chairman of 14th Finance Commission.
19-Excise duty is a tax levied on the Production of Goods.
20-Second Five year plan laid more stress upon Industrialisation.
21-The first wholly Indian Bank was set up in 1894.
22-Special Drawings Rights (SDRs) relate to the International Monetary Fund.
23-IDA is the Soft loan window of World Bank.
24-India opted for ‘Mixed Economy’ in Industrial Policy of 1948.
25-The currency notes are printed in Nasik.
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