Economy One-Liners for various competitive examinations

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-There are 3 major sectors of Indian economy- the primary sector, the secondary and the tertiary sector.

2-Examples of Primary Sector are Agriculture and Allied Sector, Forestry, Fishing and Mining & Quarrying

3-Secondary Sector or Industrial sector- Manufacturing Electricity, Gas and Water Supply, Construction

4-Tertiary Sector or Service Sector-Trade, Hotels and Restaurants, Transport, Storage, Communication, Financing, (Banking Insurance), Real Estate and Business Services, Community, Social, Personal and other Service

5-National income measures the net value of goods and services produced in a country during a year and it also includes net earned foreign income

6-Per Capita Income- It is a measure of the amount of money that is being earned per person in a certain area.Per capita income of a country derived from National Income and population both

7-Gross National Product (GNP)- It refers to the money value of total output or production of final goods and services produced by the nationals of a country during a given period of time, generally a year.

8-The National Commission on Population was constituted on May 11, 2000, under the Chairmanship of the Prime Minister

9-Dadabhai, known as the Grand Old Man, wrote the book ‘Poverty and Un-British Rule in India’. The book describes the theory of economic drain of India during British rule.

10-GDP deflator is an economic metric that accounts for inflation by converting output measured at current prices into constant-collar GDP.

11-Infant mortality rate indicates the number of infant death under one year of age per 1000 live birth under one year of age.

12-In 1976, Government of India launched a planning scheme called ‘Economic Census and Surveys’

13-The family planning programme was officially launched in 1962

14-The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body. It helps in the decision making and deliberations on development matters in India, presided over by the Prime Minister.

15-Indian economy is increased by real per capita income

Also, watch another article on Economy here

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