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- A few sellers, many buyers is the basic characteristic of Oligopoly.


2- In 1972 and 1973 respectively the cocking coals and non-cocking coal mines in India nationalized.


3-Minor ports like Kakinada, Machilipatnam, Bheemunipatnam, and Krishnapatnam are in Andhra Pradesh.


4- The fifth plans aimed at the removal of poverty and the attainment of self-reliance.


5-People belonging to 18-35 age group are eligible for training under TRYSEM scheme.


6-In terms of geographical area India occupies the seventh position in the world.


7-MS Swaminathan was the chief architect of Green Revolution that significantly improved the agricultural yield in the country.


8-The Mumbai Stock Exchange was set up in 1875.


9-TRYSEM was launched with the objective of helping the poor in rural areas to become self-employed.


10-Central Statistical Organization estimates the National Income in India.


11-NSDL stands for National Securities Depository Limited.


12-The Chota Nagpur Plateau famous for its mineral deposits is in Jharkhand.


13-V Kurien is known as the ‘Father of White Revolution.


14- Tea industry employs the largest number of women in India.


15-Maastricht Treaty provided for a common currency for the member countries of the European Community.


16- ‘Bulls and Bears’ are associated with the Stock Exchange market.


17-State Financial Corporations give assistance mainly to develop small and medium scale industries.


18-In the year 1952 was the policy of population planning adopted by the government of India.


19-The terms TRIPS and TRIMS are related to GATT.


20- In the year 1991 was the new liberalized industrial policy announced in India.


21-During the 3rd Five Year Plan, the annual growth rate of National Income was the lowest.


22-Chelliah Committee of 1992 deals with the overhauling of our tax system.


23- The value of goods and services produced in a country within a year is called gross national product at market prices.


24-In India, inflation is measured by national income deflation.


25-National income is the net domestic product at the market price.

 


Also, watch another article on Economy here

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