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TISSNET > Indian Economy 4 > Flashcards

Indian Economy 4 Flashcards

1
Q

How many stock exchanges are there in India?

A

23

  • 2 national: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
  • 21 regional (RSE)
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2
Q

Which is India’s oldest stock exchange?

A

Bombay Stock Exchange (BSE)

  • also one of Asia’s oldest stocks
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3
Q

Who established the BSE?

A

The National Share and Stock Broker’s Association [1875]

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4
Q

Which is India’s leading stock exchange?

A

NSE

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5
Q

How many companies are listed in NSE?

A

1600

  • around 1328 companies are in active status
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6
Q

____ provides a modern, fully automated screen-based trading system, with over 2 lakh leading terminals.

A

NSE

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7
Q

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.

A

10th

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8
Q

____ is a credit rating agency in India.

A

CRISIL

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9
Q

Credit rating agency in Paris.

A

Fitch Group

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10
Q

Credit rating agency in New York.

A

S & P Group

Moody’s Investor Services

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11
Q

What falls under the plan expenditure?

A

Agriculture, rural development, irrigation and flood control, energy, transport and communication

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12
Q

What falls under the non-plan expenditure?

A

Interest payments, defense, subsidies

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13
Q

Who presents the Union Budget?

A

Finance Minister, on 1st Feb annually

  • Nirmala Sitharaman [current]
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14
Q

Who proposed the first budget in India?

A

John Maithai

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15
Q

Who was the only woman to hold the place as Finance Minister and present the budget in her capacity as PM?

A

Indira Gandhi

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16
Q

What are the types of Direct Taxes?

A 
Personal Income Tax
Wealth Tax
Corporation tax
Land Revenue
Stamp duties 
Registration charges
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17
Q

What are the types of Indirect Taxes?

A 
Excise duty
Customs duty 
Sales tax
Service tax
VAT
Entertainment tax
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18
Q

When was GST implemented in India?

A

1 Jan 2017

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19
Q

What are the taxes that GST replaced?

A

Sales, Service, Central Excise Duty

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20
Q

Who is the current chairman of the Finance Commission in India?

A

NK Singh

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21
Q

Who was the first chairman of the Finance Commission in India?

A

KC Niyogi

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22
Q

How many countries signed the agreement for the IMF in December, 1945?

A

29

23
Q

How many members did the IMF originally have?

A

45

24
Q

How many members does the IMF currently have?

A

190

25
Q

Which country holds the largest and smallest quota in the IMF?

A

US [largest]

Tuvalu [smallest]

26
Q

What is also called ‘paper gold’?

A

Special Drawing Rights

27
Q

Where was the World Bank created?

A

Bretton Woods Conference

28
Q

Who are the ‘twin sisters’ of Bretton Woods?

A

IMF & World Bank

29
Q

What is the official goal of the World Bank?

A

Reduction of poverty

30
Q

What is known as the ‘soft loan window’ of the IMF?

A

International Development Association (IDA)

31
Q

What is the role of the International Centre for Settlement of Investment Disputes (ICSID)?

A

For reconciliation of disputes in investment between member countries

  • 163 member states (162 UN member states plus Kosovo)
32
Q

How many members are there in the Multilateral Investment Guarantee Agency (MIGA)?

A

157 developing countries

25 industrialised countries

33
Q

Where are the headquarters of the World Trade Organization?

A

Geneva

34
Q

The WTO was constituted under this agreement in 1995.

A

Marrakesh Agreement

35
Q

How many members are in the WTO?

A

164 members

36
Q

Where was the first WTO ministerial conference held?

A

Singapore

37
Q

Where was the 11th WTO ministerial conference held?

A

Buenos Aires

38
Q

What is the aim of Asian Development Bank?

A

To accelerate economic and social development in Asian and Pacific regions

39
Q

Where are the headquarters of the Asian Development Bank?

A

Manila, Phillipines

40
Q

Who holds the largest portion of shares in the Asian Development Bank?

A

Japan [15.7%]

  • US holds 15.6%
  • India holds 6.4%
41
Q

Which states accounts for 9/10th of the national rubber production?

A

Kerala

42
Q

Who gave the first scientific estimates of National Income in India?

A

Dr. VKRV Rao

43
Q

Who was the first chairman of the National Statistical Commission [2005]?

A

SD Tendulkar

44
Q

Which country is the largest FDI investor in India since 2015?

A

Singapore

  • then Mauritius & Netherlands
45
Q

What was the other name for the Bombay Plan in 1944?

A

Plan of Economic Developmental for India

46
Q

Who is the current president of the ADB?

A

Masatsugu Asakawa

47
Q

The ‘cafeteria approach’ is associated with?

A

Family Planning

48
Q

India is the world’s largest producer of which crops?

A

Milk, pulses and jute

49
Q

In India, how many days of work should be called in for a person to be considered employed?

A

273

50
Q

Is GST a sales tax or VAT?

A

Both

51
Q

Which Indian Bank has maximum number of branches outside India?

A

SBI

52
Q

What is India’s rank in greenhouse gas emissions in the world?

A

3rd

53
Q

Which country is the largest emitter of greenhouse gases?

A

China

TISSNET (47 decks)

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