Economy One-Liners for various competitive examinations

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Economy One-Liners for various competitive examinations


Thank You for landing the Economy and Business section page.

Here are some important Economy one-liners for students competing for various exams

Watch some of the important Economy Bits below.

1-In India, almost 60-70% of the total population still resides in the rural area.

2-India is a mixed economy

3-A person who has worked for 3 months or less but for less than 6 months of the reference period in any economic activity is termed as marginal worker

4-Green shoot is a term used colloquially and propagandistically to indicate signs of economic recovery during an economic downturn

5-  National product at factor cost is equal to the net domestic product at factor cost + Net Factor Income from Abroad.

6-The total of national income measures the flow of goods and services in an economy.

7-The National Commission on Population was constituted on May 11, 2000, under the Chairmanship of the Prime Minister Shri Atal Bihari Vajpayee

8-Current Economic Census is Sixth Economic Census held in 2013.

9-The family planning programme was officially launched in 1962

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

11-Federal Public Service Commission was set up under the Government of India Act, 1935.

12-The portfolio system in the Executive was introduced by the Indian constitution council act, 1861.

13-The Government of India in February 2000, announced the National Population Policy (NPP)

14-First HDR report was published in 1990.

15-Planning in India starts in the 1930s

16- M. Visvesvaryya, in his book ‘Planned Economy of India’, advocates the necessity of planning in the country much before Independence i.e in 1934

17-Gandhian Plan was put forward by S.N. Agrawal (1944).

18-Formation of NITI Aayog in 2015

19- In 1947 Economic Programme Committee was set up under the chairmanship of Jawaharlal Nehru.

20-NITI Aayog has Prime Minister as its chairman, one Vice-Chairman cum chief-executive officer, 5 fulltime members and 2 part-time members, apart from 4 central government ministers.

Also, watch another article on Economy here

Watch Current Affairs section for here 

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