Economy One-Liners for various competitive examinations

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Economy One-Liners for various competitive examinations

Economy
Economy

Thank You for landing the Economy and Business section page.

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

Watch some of the important Economy Bits below.


1-Adam Smith is called the Father of Economics.


2-Private Sector Mutual Funds in India were permitted in the year 1993.


3-Jawaharlal Nehru has introduced the concept of Five Year Plans in India.

Jawaharlal Nehru
Jawaharlal Nehru

 

 

 

 

 

 


4-India is self-sufficient in the production of which of the Milk.


5-M Visvesvaraya wrote the book ‘Planned Economy for India’.


6-World Bank classifies countries according to development based on Per capita income.


7-John Locke said that ‘Where there is no Law there will not be Liberty’.


8-Morarji Desai was the author of the chapter on ‘Objectives of Planned Development’ for the Third Five Year Plan.

 

 

Morarji Desai
Morarji Desai

 

 

 

 

 

 


9-Union Government Excise Duties taxes gives the highest annual yield.


10-Wool & Mutton pairs of goods is an example of Joint Supply.


11-Punjab National Bank and New Bank of India have been merged as per the recommendation of the Narasimhan Committee.


12-Agricultural farmers are not protected against inflation, but Salaried class, Industrial workers, and Pensioners are protected against inflation.


13- Dr. A P J Abdul Kalam advocated the ‘PURA’ model to eradicate rural poverty.

 

A P J Abdul Kalam
A P J Abdul Kalam

 

 

 

 

 

 

 


14-The Eighth Five-Year Plan has recognized human development as the core of all developmental efforts.


15-Pt. Jawahar Lal Nehru was the first Chairman of the Planning Commission.

 


16-PDS is the abbreviated name associated with food security.


17- RBI is the Banker of the Banks.


18-Recession: It is a reduction in demand and production/ investment over a short period of time.


19-Boom: The term refers to the rapid and all-round spurt in economic activity.


20-SDR-It is treated as artificial currency.


21- Rs 50 Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the ‘Parliament House’ depicted on it.

 

Mahatma Gandhi
Mahatma Gandhi

 

 

 

 

 

 


22-Eighth Five Year Plan had an actual growth rate higher than the targeted growth rate.


23-In India, single biggest employment is agriculture and allied activities.


24- Rs 100 Mahatma Gandhi series of currency notes issued by the RBI has ‘ecology’ depicted on it.


25-Insurance Companies issue ‘ULIP’.


Also, watch another article on Economy here

Watch Current Affairs section for here 

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