Economy -Important Bits 1- The establishment of the Tata Iron and Steel Company (TISCO) at Jamshedpur in 1907 was the 1st effort at large scale production of iron and steel in India. 2- The 1st modern industry to develop in India was the cotton textile industry. 3- The 1st bank of limited liability managed … Read more
Gold Coin and Bullion Scheme Gold Monetisation Programme also includes Indian Gold coin and Bullion. Important Facts – It is the first Indian minted gold coin, having National Emblem of Ashoka Chakra on one sideand Mahatma Gandhi on other side. Coin’s Denomination – 5 and 10 gram Bullion – 20 gram MMTC (Metals and Mineral … Read more
Finance Commission Of India Finance Commission Year of Establishment Chairman Operational Period First 1951 … Read more
Economy & Business -Quick Facts 1. Debt Recovery Tribunal is headed by a presiding officer to handle cases of Rs. 10 lacs and above 2. Debt Recovery Tribunal deals with – Bank loan recovery cases 3. The Banking Ombudsman is appointed by – Reserve Bank of India 4. The commission which decides the distribution … Read more
Economy 1-Recommendations of the 13th Fiance Commission have become operational for the period ?- 2010-2015 2-Index ‘Residex’ is associated with ? – Land Prices 3-Zero-based Budgeting is the process of budget making after re-evaluating every item of expenditure in every financial year. 4-VAT is imposed on ? – All stages between production and final … Read more
Key Features of Budget 2015-2016 INTRODUCTION * Credibility of Indian economy has been re-established in the last nine months. * Indian economy about to take-off on a fast growth trajectory. * Most growth forecasts have upgraded Indian economic growth while downgrading global economic growth. * Economically empowered States are equal partners to Indian economic growth. … Read more
Economic Survey 2014-15 highlights Following are the highlights of Economic Survey 2014-15 presented by Finance Minister Arun Jaitley in Parliament * GDP growth seen at 8.1–8.5 per cent in 2015-16 * Double digit growth trajectory; 8–10 per cent GDP in coming years * Inflation shows declining trend during April-December * Current Account Deficit (CAD) to … Read more
Business/Economy, 1-______ Government will train over 50,000 employees as part of its Key Result Area (KRA) programme to enhance their performance in competence with corporate sector ? Rajasthan Gujarat Maharashtra Madhya Pradesh None of These Ans- Maharashtra 2- ______ acquired Silicon Valley-based startup Reduce Data, a programmatic display advertising platform ? Flipkart PayTM Amazon Snapdeal … Read more
Economy Multiple Questions & Answers 1-Pradhanmantri Bharat Jodo Pariyojana is related to— (A) Communication (B) Social Integration (C) Linking of Rivers (D) Development of Highways Ans- Development of Highways 2-SJSRY belongs to— (A) Urban areas (B) Rural areas (C) Semi-urban areas (D) All of these Ans-Urban areas 3-‘Big Digital TV DTH’ is the new broadcasting … Read more
Indian Economy -Facts File 1- India’s Index of Industrial Production (IIP) grew by 3.8 per cent in June 2015 compared to 2.5 per cent in May, 2015. The growth was largely due to the boost in manufacturing growth, which was 4.6 per cent in June compared to 2.9 per cent in the previous month. 2- … Read more