ECONOMY Flashcards
BARGARH 2G BIO REFINERY SITE IS LOCATED IN?
ODISHA
WHAT IS UNIQUE ABOUT BARGARH 2G BIO REFINERY?
THE PLANT IS THE FIRST OF ITS KIND IN THE WORLD WITH RICE BASED 1G AND 2G BIO ETHANOL PRODUCTION.
HOW MUCH ETHANOL WILL BARGARH 2G BIO REFINERY PRODUCE?
100 KILOLITRES PER DAY OF 1G ETHANOL (FROM RICE GRAIN)
100 KILOLITRES PER DAY OF 2G ETHANOL (FROM RICE STRAW)
SCORES IS A GRIEVANCE REDRESSAL SYSTEM OF WHICH BOARD?
SEBI
1ST GENERATION BIO FUEL?
HIGH CARBON CONTENT.
MADE FROM EDIBLE ITEMS EG SUGAR, CORNSTARCH ETC.
2nd GENERATION BIO FUEL?
GHG CONTENT LESS THAN 1st GENERATION.
MADE FROM LEFTOVER OF FOOD CROPS eg RICE HUSK, WOOD CHIPS etc.
3rd GENERATION BIO FUEL?
CARBON NEUTRAL CO2 EMITTED=CO2 SEQUESTRATED.
PRODUCED USING MICROORGANISMS eg ALGAE.
4th GENERATION BIO FUEL?
MADE FROM GENETICALLY MODIFIED CROPS.
CARBON NEGATIVE.
WHAT IS 6-5-8 SYNDROME?
SATISFACTION WITH
6 PER CENT GROWTH
5 PERCENT INFLATION
8 PERCENT UNEMPLOYMENT
SOVEREIGN GOLD BOND SCHEME WAS LAUNCHED BY WHEN AND UNDER?
BY GOVERNMENT
IN NOVEMBER 2015
UNDER GOLD MONETIZATION SCHEME.
WHAT ARE SOVEREIGN GOLD BONDS?
THEY ARE GOVERNMENT SECURITIES DENOMINATED IN GRAMS OF GOLD.
OBJECTIVE OF SOVEREIGN GOLD BOND SCHEME?
1 TO REDUCE BUYING PHYSICAL GOLD.
2 TO MOBILIZE GOLD HELD BY HOUSEHOLDS AND FACILITATE ITS USE FOR PRODUCTIVE PURPOSES IN ORDER TO REDUCE THE COUNTRY’S RELIANCE ON THE IMPORT OF GOLD.
ISSUANCE OF SOVEREIGN GOLD BOND SCHEME IS DONE BY?
ISSUED BY RESERVE BANK OF INDIA ON BEHALF OF THE GOVERNMENT OF INDIA.
ISSUANCE FORM OF SOVEREIGN GOLD BONDS?
SOVEREIGN GOLD BONDS WILL BE ISSUED AS GOVERNMENT OF INDIA STOCK UNDER GOVERNMENT SECURITIES ACT, 2006. THE INVESTORS WILL BE ISSUED A CERTIFICATE OF HOLDING FOR THE SAME.
CONVERTIBILITY OF SOVEREIGN GOLD BONDS?
SGBs WILL BE ELIGIBLE FOR CONVERSION INTO DEMAT FORM.
ELIGIBILITY OF SOVEREIGN GOLD BOND SCHEME?
SGBs ARE RESTRICTED FOR SALE TO RESIDENT INDIVIDUALS, HUFs, TRUSTS, UNIVERSITIES AND CHARITABLE INSTITUTIONS.
MATURITY PERIOD OF SOVEREIGN GOLD BOND SCHEME?
TENOR IS OF 8 YEARS WITH AN OPTION OF PREMATURE REDEMPTION AFTER 5TH YEAR TO BE EXERCISED ON THE DATE ON WHICH INTEREST IS PAYABLE.
DENOMINATION IN SOVEREIGN GOLD BOND SCHEME?
DENOMINATION IN MULTIPLE OF GRAMS OF GOLD WITH A BASIC UNIT OF ONE GRAM.
MINIMUM SIZE IN SOVEREIGN GOLD BOND SCHEME?
1 GRAM.
MAXIMUM LIMIT IN SOVEREIGN GOLD BOND SCHEME?
4 KG FOR INDIVIDUAL
4 KG FOR HUF
20 KG FOR TRUSTS AND SIMILAR ENTITIES PER FISCAL YEAR (APRIL-MARCH) NOTIFIED BY THE GOVERNMENT FROM TIME TO TIME.
ISSUE PRICE OF SOVEREIGN GOLD BOND SCHEME?
WILL BE FIXED IN INDIAN RUPEES ON THE BASIS OF THE SIMPLE AVERAGE OF THE CLOSING PRICE OF GOLD OF 999 PURITY PUBLISHED BY THE INDIAN BULLION AND JEWELERS ASSOCIATION LIMITED (IBJA) FOR LAST 3 WORKING DAYS OF THE WEEK PRECEDING THE SUBSCRIPTION PERIOD.
SALES CHANNEL OF SOVEREIGN GOLD BOND SCHEME?
- SCHEDULED COMMERCIAL BANKS EXCEPT: SMALL FINANCE BANKS, PAYMENT BANKS AND REGIONAL WON’T BE SELLING THESE BONDS.
- STOCK HOLDING CORPORATION OF INDIA LIMITED (SHCIL).
- CLEARING CORPORATION OF INDIA LIMITED (CCIL), DESIGNATED POST OFFICES (AS MAY BE NOTIFIED) AND
- RECOGNIZED STOCK EXCHANGES- NATIONAL STOCK EXCHANGE OF INDIA LIMITED AND BOMBAY STOCK EXCHANGE LIMITED EITHER DIRECTLY OR THROUGH AGENTS.
INTEREST RATE OF SOVEREIGN GOLD BOND SCHEME?
2.50 PERCENT PER ANNUM PAYABLE SEMI ANNUALLY ON THE NOMINAL VALUE.
CAN WE USE SGBs AS COLLATERAL FOR LOANS?
YES. THE LOAN TO VALUE (LTV) RATIO WILL BE AS APPLICABLE TO ANY ORDINARY GOLD LOAN, MANDATED BY THE RESERVE BANK FROM TIME TO TIME.
CAN TRADING BE DONE IN SOVEREIGN GOLD BOND?
SGBs SHALL BE ELIGIBLE FOR TRADING.
TAX TREATMENT OF SOVEREIGN GOLD BOND SCHEME?
INTEREST ON SGBs SHALL BE TAXABLE AS PER THE PROVISION OF THE INCOME TAX ACT, 1961.
CAPITAL GAINS TAX ARISING ON REDEMPTION OF SGB TO AN INDIVIDUAL IS EXEMPTED.
INDEXATION BENEFITS WILL BE PROVIDED TO LONG TERM CAPITAL GAINS ARISING TO ANY PERSON ON TRANSFER OF THE SGB.
WHAT IS OPEN MARKET SALE SCHEME?
UNDER OMSS FOOD CORPORATION OF INDIA SELLS SURPLUS STOCKS OF WHEAT AND RICE AT PREDETERMINED PRICES THROUGH E- AUCTION IN THE OPEN MARKET FROM TIME TO TIME.
AIM OF OPEN MARKET SALE SCHEME?
TO ENHANCE THE SUPPLY OF FOOD GRAINS, ESPECIALLY WHEAT DURING THE LEAN SEASON AND THEREBY MODERATE THE OPEN MARKET PRICES ESPECIALLY IN THE DEFICIT REGIONS.
FCI CONDUCTS A________ AUCTION TO CONDUCT OPEN MARKET SALE SCHEME IN THE OPEN MARKET USING THE PLATFORM OF_________?
WEEKLY AUCTION
COMMODITY EXCHANGE NCDEX- NATIONAL COMMODITY AND DERIVATIVES EXCHANGE LIMITED.
WHO IS ALLOWED TO PARTICIPATE IN THE E- AUCTION OF OPEN MARKET SALE SCHEME?
STATE GOVERNMENTS/UNION TERRITORY ADMINISTRATORS ARE ALSO ALLOWED TO PARTICIPATE IN THE E- AUCTION IF THEY REQUIRE WHEAT AND RICE OUTSIDE THE TARGET PUBLIC DISTRIBUTION SCHEME AND ANY OTHER WELFARE SCHEMES.
HOW IS THE PRICE FIXED IN OPEN MARKET SALE SCHEME?
RESERVE PRICE IS FIXED BY THE GOVERNMENT AND THE BIDDERS CANNOT QUOTE LESS THAN THE RESERVE PRICE IN THE TENDERS FLOATED BY THE FCI.
HOW WHEAT AND RICE ARE OFFERED IN OPEN MARKET SALE SCHEME?
WHEAT AND RICE ARE BEING OFFERED FROM DEPOTS OF THE FCI ACROSS THE COUNTRY THROUGH THE E- AUCTION.
PRESENT FORM OF OPEN MARKET SALE SCHEME COMPRISES 3 SCHEMES AS UNDER?
1 SALE OF WHEAT TO BULK CONSUMERS/ PRIVATE TRADERS THROUGH E-AUCTION.
2 SALE OF WHEAT TO BULK CONSUMERS/ PRIVATE TRADERS THROUGH E- AUCTION BY DEDICATED MOVEMENT.
3 SALE OF RAW RICE GRADE A TO BULK CONSUMERS/ PRIVATE TRADERS THROUGH E- AUCTION.
WHAT IS GREEDFLATION?
MEANS (CORPORATE) GREED IS FUELING INFLATION.
INSTEAD OF WAGE PRICE SPIRAL, A PROFIT PRICE SPIRAL IS IN PLAY.
PURCHASING MANAGER’S INDEX IS COMPILED BY?
INFORMATION HANDLING SERVICES (IHS) MARKIT UNDER S&P GLOBAL.
WHAT IS PURCHASING MANAGERS INDEX?
IT IS A SURVEY BASED MEASURE CONSISTING OF MONTHLY REPORTS AND SURVEYS FROM PRIVATE SECTOR MANUFACTURING FIRMS.
WHY IS PURCHASING MANUFACTURING INDEX CONSIDERED GOOD LEADING INDICATOR OF ECONOMIC ACTIVITY?
BECAUSE IT IS GENERALLY RELEASED AT THE START OF EVERY MONTH.
IT IS CALCULATED SEPARATELY FOR THE MANUFACTURING AND SERVICE SECTORS.
WHAT ARE GOOMTIES? WHY IN NEWS?
A GOOMTY IS A SMALL CABIN AT LEVEL CROSSINGS OR NEAR STATIONS WHERE RAILWAY EQUIPMENT IS KEPT.
INDIAN RAILWAYS ISSUED A CIRCULAR TO ALL ZONES TO LAUNCH A MONTH LONG SAFETY DRIVE TO ENSURE THAT THE GOOMTIES LOCATED WITHIN THE RAILWAY STATION LIMITS ARE PROVIDED WITH DOUBLE LOCKS. (ODISHA TRIPLE TRAIN ACCIDENT- SUSPECTED REASON SHOWED SIGNALING INTERFERENCE.
INDUSTRIAL PARK RATING SYSTEM IS LAUNCHED BY?
DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE.
AIM OF INDUSTRIAL PARK RATING SYSTEM?
TO RATE INDUSTRIAL PARKS ACROSS FOUR PILLARS:
● INTERNAL INFRASTRUCTURE AND UTILITIES
● EXTERNAL INFRASTRUCTURE AND FACILITIES
● BUSINESS SUPPORT SERVICES
● ENVIRONMENTAL AND SAFETY MANAGEMENT.
INDUSTRIAL PARK RATING SYSTEM IS AN EXTENSION OF________?
INDIAN INDUSTRIAL LAND BANK (IILB) PLATFORM.
e-SARAS MOBILE APP IS CONCEPTUALIZED BY?
DEENDAYAL ANTYODAYA YOJANA-NATIONAL RURAL LIVELIHOOD MISSION (DAY-NRLM), MINISTRY OF RURAL DEVELOPMENT.
PURPOSE OF e-SARAS APP?
● TO PROVIDE A PLATFORM FOR MARKETING OF PRODUCTS MADE BY WOMEN OF SELF HELP GROUPS.
● TO PROMOTE SPIRIT OF VOCAL FOR LOCAL.
e-SARAS FULFILLMENT CENTRE ARE MANAGED BY?
THE FOUNDATION FOR DEVELOPMENT OF RURAL VALUE CHAINS (FDRVC).
PURPOSE OF E-SARAS FULFILLMENT CENTRES?
● PROCESSING, PACKAGING AND SHIPPING OF PRODUCTS.
● HANDLING LOGISTICS REQUIRED.
NATIONAL RURAL LIVELIHOOD MISSION IS A RESTRUCTURED VERSION OF_______________?
SWARANAJAYANTI GRAM SWAROJGAR YOJANA (SGSY).
HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY IS CONDUCTED BY?
NATIONAL STATISTICAL OFFICE (NSO).
WHAT DOES HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY INTENDS TO?
IT IS INTENDED TO COLLECT INFORMATION ON THE CONSUMER SPENDING PATTERNS OF HOUSEHOLDS ACROSS THE COUNTRY, BOTH URBAN AND RURAL.
FREQUENCY OF HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY?
QUINQUENNIAL (EVERY 5 YEARS).
UTILITY OF HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY?
● MEASUREMENT OF POVERTY.
● ESTIMATION OF HOUSEHOLD MONTHLY PER CAPITA CONSUMER EXPENDITURE.
● WILL BE USED FOR REBASING THE GDP AND OTHER MACROECONOMIC INDICATORS SUCH AS RETAIL INFLATION BASED ON CPI.
WHAT IS SWAMIH INVESTMENT FUND?
THE SPECIAL WINDOW FOR AFFORDABLE AND MID-INCOME HOUSING (SWAMIH) INVESTMENT FUND IS A SOCIAL IMPACT FUND SPECIFICALLY FORMED FOR COMPLETING STRESSED AND STALLED RESIDENTIAL PROJECTS.
SWAMIH INVESTMENT FUND WAS LAUNCHED IN?
2019.
SWAMI INVESTMENT FUND IS SPONSORED BY?
MINISTRY OF FINANCE.
SWAMIH INVESTMENT FUND IS MANAGED BY?
SBICAP VENTURES LTD, A STATE BANK GROUP COMPANY.
WHAT IS THE NATURE OF FUNDING IN SWAMIH INVESTMENT FUND?
THIS FUNDING SHALL BE USED ONLY FOR COMPLETION OF THE STALLED PROJECT AND FOR PURPOSES AS APPROVED.
CRITERIA TO BE ELIGIBLE FOR FUNDING UNDER SWAMIH INVESTMENT FUNDING?
○ PROJECT STALLED OR LIKELY TO BE STALLED IF NO FUNDING IS MADE AVAILABLE.
○ AT LEAST 90% OF THE AVAILABLE FLOOR SPACE INDEX (FSI)/FLOOR AREA RATIO (FAR) IS BEING DEVELOPED AS AFFORDABLE HOUSING UNITS OR MID-INCOME HOUSING UNITS.
○ PROJECT HAS COMPLETED AT LEAST 30% OF THE CONSTRUCTION AND DEVELOPMENT.
○ PROJECT REQUIRES LAST MILE FUNDING – SUFFICIENT TO COMPLETE CONSTRUCTION.
○ PROJECT WHICH IS A PART OF A RERA REGISTERED PROJECT.
WHAT IS FL 2027?
IT IS A CHIPPING POTATO VARIETY.
WHY IS FL 2027 IS HIGHLY SUITABLE FOR THE MANUFACTURE OF CHIPS?
○ LOW EXTERNAL DEFECTS
○ HIGH DRY MATTER/HIGH SOLID CONTENT AND
○ STABLE SUGARS.
WHAT IS PPV&FR ACT?
● THE PROTECTION OF PLANT VARIETIES AND FARMERS RIGHT’s AUTHORITY (PPVFRA) THAT PROVIDES AN EFFECTIVE FRAMEWORK TO CONSERVE AND ENCOURAGE THE DEVELOPMENT OF VARIOUS PLANT VARIETIES.
WHAT IS THE MAXIMUM VALIDITY PERIOD UNDER PPV&FR ACT DURING WHICH NOBODY ELSE COULD COMMERCIALLY PRODUCE, SELL, MARKET, DISTRIBUTE, IMPORT OR EXPORT IT WITHOUT THE BREEDERS AUTHORISATION- WAS _____ YEARS FROM THE DATE OF REGISTRATION AND EXTENDABLE UP TO ?
6 YEARS AND EXTENDABLE UP TO 15 YEARS.
WHAT IS WPI?
WHOLESALE PRICE INDEX IS AN INDICATOR THAT DETERMINES THE AVERAGE CHANGE IN THE PRICE OF GOODS THAT ARE SOLD IN BULK IN A WHOLESALE MARKET.
USE OF WHOLESALE PRICE INDEX?
USEFUL IN CALCULATING THE CHANGE IN COMMODITY PRICES AT DIFFERENT STAGES BEFORE IT REACHES THE RETAILER.
IS WHOLESALE PRICE INDEX CALCULATED FOR GOODS AND SERVICES?
NO IT IS CALCULATED ONLY FOR GOODS.
WPI DATA IS PUBLISHED BY?
OFFICE OF ECONOMIC ADVISOR, DEPARTMENT OF PROMOTION OF INDUSTRY AND INTERNAL TRADE (DPIIT), UNDER THE MINISTRY OF COMMERCE AND INDUSTRY.
BASE YEAR FOR WPI?
2011-12.
ITEMS INCLUDED IN WHOLESALE PRICE INDEX?
697 ITEMS DIVIDED INTO THREE CATEGORIES.
○ PRIMARY ARTICLES: 22.62%
○ FUEL AND POWER: 13.15%
○ MANUFACTURED GOODS: 64.23%.
AIM OF MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER)?
TO DEVELOP END TO END ORGANIC VALUE CHAINS IN NORTH EASTERN STATES.
NODAL MINISTRY FOR MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER)?
MINISTRY OF AGRICULTURE AND FARMERS WELFARE.
MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER) IS A CENTRAL___________ SCHEME AND IS A SUB MISSION UNDER____________?
CENTRAL SECTOR SCHEME.
SUB MISSION UNDER NATIONAL MISSION FOR SUSTAINABLE AGRICULTURE (NMSA).
BENEFICIARY STATES UNDER MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER)?
ARUNACHAL PRADESH, ASSAM, MANIPUR, MEGHALAYA, MIZORAM, NAGALAND, SIKKIM AND TRIPURA.
IMPLEMENTATION OF MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER) AT CENTRAL AND STATE LEVEL?
NATIONAL LEVEL- THE MISSION STRUCTURE AT GOVERNMENT OF INDIA LEVEL WILL COMPRISE OF NATIONAL ADVISORY COMMITTEE (NAC), ECSTATIC COMMITTEE (EC), MISSION MONITORING COMMITTEE (MMC).
STATE LEVEL: IT WILL BE IMPLEMENTED BY THE STATE LEVEL EXECUTIVE COMMITTEE (SLEC) AND EXECUTED THROUGH A DESIGNATED STATE LEAD AGENCY IN THE FORM OF STATE ORGANIC COMMODITY BOARD OR ORGANIC MISSION.
DO CUCUMBER MOSAIC VIRUS (CMV) AND TOMATO MOSAIC VIRUS (ToMV) BELONG TO SAME FAMILY OR SPREAD SIMILARLY?
HAVE SIMILAR NAMES AND CAUSE SIMILAR DAMAGE TO CROPS, BUT THEY BELONG TO DIFFERENT VIRAL FAMILIES AND SPREAD DIFFERENTLY.
WHAT PERCENTAGE OF CROP LOSS DOES TOMATO MOSAIC VIRUS AND CUCUMBER MOSAIC VIRUS CAUSE?
ALMOST 100% CROP LOSS UNLESS PROPERLY TREATED ON TIME.
TOMATO MOSAIC VIRUS HOSTS INCLUDE?
○ TOMATO
○ TOBACCO
○ PEPPERS
○ ORNAMENTAL PLANTS.
CUCUMBER MOSAIC VIRUS HOST POOL?
○ CUCUMBER
○ MELON
○ EGGPLANT
○ TOMATO
○ CARROT
○ LETTUCE
○ CUCURBITS (MEMBERS OF GOURD FAMILY)
○ SOME ORNAMENTALS.
TRANSMISSION OF TOMATO MOSAIC VIRUS?
SPREAD MAINLY THROUGH INFECTED SEEDS, SAPLINGS, AGRICULTURAL TOOLS AND OFTEN, THROUGH THE HANDS OF NURSERY WORKERS WHO HAVE FAILED TO SANITIZE THEMSELVES PROPERLY BEFORE ENTERING THE FIELDS.
TRANSMISSION OF CUCUMBER MOSSAIC VIRUS?
SPREAD BY APHIDS, WHICH ARE STICKING INSECTS.
CONDITION OF HIGH TEMPERATURE FOLLOWED BY INTERMITTENT RAIN- ALLOW APHIDS TO MULTIPLY.
CMV TOO CAN SPREAD THROUGH HUMAN TOUCH BUT CHANCES OF THAT ARE EXTREMELY LOW.
WHAT ARE THE WAYS TO CONTROL CUCUMBER MOSAIC VIRUS AND TOMATO MOSAIC VIRUS?
○ FOLLOW BIOSAFETY STANDARDS IN NURSERIES, AND COMPULSORY SEED TREATMENT.
○ CHECKING OF THE TRAYS OF SAPLINGS BEFORE PLANTING, AND DISCHARGING ANY VISIBLE INFECTED MATERIAL.
○ CLEARING THE FIELDS OF WEEDS AND PLANT MATERIAL BEFORE FRESH PLANTING.
○ SPRAYING QUICK ACTING INSECTICIDE OR MINERAL OILS ON THE PLANTS TO KILL THE APHIDS.
WHAT IS DEEP SEA MINING?
DEEP SEA MINING IS AN EMERGING INDUSTRY THAT AIMS TO EXTRACT MINERALS FROM THE OCEANS SURFACE, INCLUDING MANGANESE NODULES, SEAFLOOR MASSIVE SULPHIDES AND COBALT CRUSTS.
TYPES OF DEEP SEA MINING?
○ TAKING DEPOSIT RICH POLYMETALLIC NODULES OFF THE OCEAN FLOOR.
○ MINING MASSIVE SEAFLOOR SULPHIDE DEPOSITS.
○ STRIPPING COBALT CRUSTS FROM ROCK.
REGULATION OF DEEP SEA MINING?
○ INTERNATIONAL SEABED AUTHORITY (ISA) IS CURRENTLY ACCEPTING MINING PERMIT APPLICATION FROM COMPANIES AND COUNTRIES.
○ STATES SHOULD APPLY TO ISA REGARDLESS OF WHETHER OR NOT THEY HAVE SIGNED OR RATIFIED THE UNITED NATIONS CONVENTION ON THE LAWS OF THE SEAS.
○ COUNTRIES MANAGE THEIR OWN MARITIME TERRITORY AND EXCLUSIVE ECONOMIC ZONES, WHILE THE HIGH SEAS AND THE INTERNATIONAL OCEAN FLOOR ARE GOVERNED BY THE UNITED NATIONS CONVENTION ON THE LAWS OF THE SEAS (UNCLOS).