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 Indian Economy 50 Flashcards |
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Fill in the blank: The planning era in India began with the launch of the First Five-Year Plan in ___. |
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1951 |
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True or False: The Reserve Bank of India was nationalized in 1955. |
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False. It was nationalized in 1949. |
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What is the full form of GDP? |
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Gross Domestic Product |
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Riddle: I am an economic system where both the government and private individuals participate in production and distribution. What am I? |
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Mixed Economy
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Card: 8 / 50 |
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Fill in the blank: The central bank of India is ___. |
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Reserve Bank of India (RBI)
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Which sector contributes the highest to India’s GDP? |
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Services sector |
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True or False: India follows a fixed exchange rate system. |
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False. India follows a managed floating exchange rate system. |
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Fill in the blank: The largest employer in India is the __ sector. |
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Agriculture
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What does "Inflation" refer to in economics? |
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The rise in the general price level of goods and services. |
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Riddle: I am the organization responsible for measuring inflation in India. What am I? |
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National Statistical Office (NSO)
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Card: 20 / 50 |
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True or False: The NITI Aayog replaced the Planning Commission in 2014. |
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False. It was replaced in 2015. |
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Fill in the blank: The Green Revolution in India was launched to improve ___. |
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Agricultural Production |
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Which year did India adopt economic liberalization and privatization? |
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1991 |
Card: 26 / 50 |
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Riddle: I am a tax imposed on imports and exports. What am I? |
Card: 27 / 50 |
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Customs Duty
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Fill in the blank: The largest producer of food grains in India is ___. |
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Uttar Pradesh
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Which is the largest public sector bank in India? |
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State Bank of India (SBI)
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True or False: The Atmanirbhar Bharat initiative aims at making India self-reliant. |
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True |
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What is the full form of MSME? |
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Micro, Small, and Medium Enterprises |
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Riddle: I am an economic measure of the total value of goods and services produced within a country's territory, adjusted for inflation. What am I? |
Card: 37 / 50 |
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Real GDP |
Card: 38 / 50 |
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Fill in the blank: The largest stock exchange in India is ___. |
Card: 39 / 50 |
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Bombay Stock Exchange (BSE)
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Card: 40 / 50 |
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True or False: India is the second-largest producer of rice in the world. |
Card: 41 / 50 |
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True |
Card: 42 / 50 |
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What does FDI stand for? |
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Foreign Direct Investment
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Riddle: I am the Indian government scheme launched to promote financial inclusion, ensuring every household has a bank account. What am I? |
Card: 45 / 50 |
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Pradhan Mantri Jan Dhan Yojana (PMJDY)
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Card: 46 / 50 |
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Fill in the blank: The Union Budget of India is presented every year by the __. |
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Finance Minister of India |
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Who prepares the Economic Survey of India? |
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The Ministry of Finance
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Completed! Keep practicing to master all of them. |
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