Indian Economy 4 Flashcards
How many stock exchanges are there in India?
23
- 2 national: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
- 21 regional (RSE)
Which is India’s oldest stock exchange?
Bombay Stock Exchange (BSE)
- also one of Asia’s oldest stocks
Who established the BSE?
The National Share and Stock Broker’s Association [1875]
Which is India’s leading stock exchange?
NSE
How many companies are listed in NSE?
1600
- around 1328 companies are in active status
____ provides a modern, fully automated screen-based trading system, with over 2 lakh leading terminals.
NSE
BSE figures among the world’s _____ largest exchanges in terms of cumulative market capitalisation of all companies listed on its platform, as per the latest data from the World Federation of Exchanges.
10th
____ is a credit rating agency in India.
CRISIL
Credit rating agency in Paris.
Fitch Group
Credit rating agency in New York.
S & P Group
Moody’s Investor Services
What falls under the plan expenditure?
Agriculture, rural development, irrigation and flood control, energy, transport and communication
What falls under the non-plan expenditure?
Interest payments, defense, subsidies
Who presents the Union Budget?
Finance Minister, on 1st Feb annually
- Nirmala Sitharaman [current]
Who proposed the first budget in India?
John Maithai
Who was the only woman to hold the place as Finance Minister and present the budget in her capacity as PM?
Indira Gandhi
What are the types of Direct Taxes?
Personal Income Tax Wealth Tax Corporation tax Land Revenue Stamp duties Registration charges
What are the types of Indirect Taxes?
Excise duty Customs duty Sales tax Service tax VAT Entertainment tax
When was GST implemented in India?
1 Jan 2017
What are the taxes that GST replaced?
Sales, Service, Central Excise Duty
Who is the current chairman of the Finance Commission in India?
NK Singh
Who was the first chairman of the Finance Commission in India?
KC Niyogi
How many countries signed the agreement for the IMF in December, 1945?
29
How many members did the IMF originally have?
45
How many members does the IMF currently have?
190
Which country holds the largest and smallest quota in the IMF?
US [largest]
Tuvalu [smallest]
What is also called ‘paper gold’?
Special Drawing Rights
Where was the World Bank created?
Bretton Woods Conference
Who are the ‘twin sisters’ of Bretton Woods?
IMF & World Bank
What is the official goal of the World Bank?
Reduction of poverty
What is known as the ‘soft loan window’ of the IMF?
International Development Association (IDA)
What is the role of the International Centre for Settlement of Investment Disputes (ICSID)?
For reconciliation of disputes in investment between member countries
- 163 member states (162 UN member states plus Kosovo)
How many members are there in the Multilateral Investment Guarantee Agency (MIGA)?
157 developing countries
25 industrialised countries
Where are the headquarters of the World Trade Organization?
Geneva
The WTO was constituted under this agreement in 1995.
Marrakesh Agreement
How many members are in the WTO?
164 members
Where was the first WTO ministerial conference held?
Singapore
Where was the 11th WTO ministerial conference held?
Buenos Aires
What is the aim of Asian Development Bank?
To accelerate economic and social development in Asian and Pacific regions
Where are the headquarters of the Asian Development Bank?
Manila, Phillipines
Who holds the largest portion of shares in the Asian Development Bank?
Japan [15.7%]
- US holds 15.6%
- India holds 6.4%
Which states accounts for 9/10th of the national rubber production?
Kerala
Who gave the first scientific estimates of National Income in India?
Dr. VKRV Rao
Who was the first chairman of the National Statistical Commission [2005]?
SD Tendulkar
Which country is the largest FDI investor in India since 2015?
Singapore
- then Mauritius & Netherlands
What was the other name for the Bombay Plan in 1944?
Plan of Economic Developmental for India
Who is the current president of the ADB?
Masatsugu Asakawa
The ‘cafeteria approach’ is associated with?
Family Planning
India is the world’s largest producer of which crops?
Milk, pulses and jute
In India, how many days of work should be called in for a person to be considered employed?
273
Is GST a sales tax or VAT?
Both
Which Indian Bank has maximum number of branches outside India?
SBI
What is India’s rank in greenhouse gas emissions in the world?
3rd
Which country is the largest emitter of greenhouse gases?
China
