Economy One-Liners for various competitive examinations

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Economy One-Liners for various competitive examinations


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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