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

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

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

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

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

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

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

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

9-Currency Deutsche Mark belongs to Germany.

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

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

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

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

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

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

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

17-In 1970, the MRTP Act became effective.

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

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

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

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

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

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

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

25-The currency notes are printed in Nasik. 

Also, watch another article on Economy here

Watch Current Affairs section for here 

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