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.

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1-A new ‘Liberalized Industrial Policy’ in India was announced in 1991 for the first time.

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2-Central Statistical Organisation issues the data of estimation of India’s National income.

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3-Community Development Program (CDP) started in the year 1952.

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4-Dadabhai Naoroji is the first person to establish the National Income in India.

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5-Planning in India derives its objective from Directive Principles of State Policy.

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6-Jawaharlal Nehru introduced the concept of Five year plan.

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7-Central Bank of India is the former name for Reserve Bank of India.

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8-The terms ‘Micro Economics’ and ‘Macro Economics’ were coined by Ragnar Frisch.

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9-Currency Deutsche Mark belongs to Germany.

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10- UNCTAD (United Nations Conference on Trade and Development) organisation publishes the ‘World Investment Report’ annually.

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11-The data of estimation of India’s National income is issued by Central Statistical Organisation.

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12-Pradhan Mantri Gramodaya Yojana started in the year 2000.

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13-Small industries Development bank of India is the founder of SME Rating Agency of India.

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14-First, five year plan was based on Herold -Domar Model.

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15-A closed-economy is the economy in which Neither imports nor Exports take place.

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16-Foreign currency which has a tendency of quick migration is Hot Currency.

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17-In 1970, the MRTP Act became effective.

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18-Y.V. Reddy– the Chairman of 14th Finance Commission.

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19-Excise duty is a tax levied on the Production of Goods.

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20-Second Five year plan laid more stress upon Industrialisation.

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21-The first wholly Indian Bank was set up in 1894.

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22-Special Drawings Rights (SDRs) relate to the International Monetary Fund.

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23-IDA is the Soft loan window of World Bank.

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24-India opted for ‘Mixed Economy’ in Industrial Policy of 1948.

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25-The currency notes are printed in Nasik. 

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