Indian Economy MCQs

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A share market Index shows how a specified portfolio of share prices is moving in order to give an indication of market trends. The BSE SENSEX is a free-float market capitalization-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange.

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The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Member of G7. The FATF has developed a series of Recommendations that are recognised as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction. Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

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After the global financial crisis of 2007, the G-20 has created an institution called Financial Stability Board to design sophisticated regulation measures for banks to prevent future bank failure. Beside this, the central banks of each country identify Domestic Systemically Important Banks (D-SIBs). While the Basel Committee on Banking Supervision (BCBS) started to identify big banks which are named as Global Systemically Important Banks (G-SIBs). The criteria for selecting D-SIBs are similar to that of G-SIFIs. In India, the RBI has identified SBI and ICICI as D-SIBs. The Financial Stability Board (FSB), in consultation with Basel Committee on Banking Supervision (BCBS) publishes the list of Global Systemically Important Banks (G-SIBs).

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Arundhati Bhattacharya is a retired Indian banker and former Chairman of the State Bank of India. She was the first woman to be the Chairman of State Bank of India.

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Appropriate technology is small-scale technology. It is simple enough that people can manage it directly and on a local level. Appropriate technology makes use of skills and technology that are available in a local community to supply basic human needs, such as iron ploughs instead of wooden ploughs.

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In India the white sugar industry is of considerable economic importance. Both area and production of sugarcane fluctuate considerably from year to year. The production of sugarcane during the last three decades more than doubled. The sugar produced are supplied by mills in the cooperative sector is the result that it has become one of the most expanding industry in the cooperative sector in recent years.

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As per the published Report of the Development Commissioner, Small Scale Industries (DCSSI), the sector encompasses about 32 lakh units, during 1998-99 which produce over 7500 different items for domestic as well as foreign markets, contributing to about 40per cent of the value added to the manufacturing sector.

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The main purpose of the proportional representation system is to assure the representation of all groups and ideologies. So, it is usually adopted in a multi-party system representing multiple ideologies.
 In a two party system, the seats are ultimately going to be divided between the two parties and there is negligible chance of leaving out a group as compared to the multi-party system.
So, first past the post can be adopted in two party system, avoiding the complexities of proportional representation.

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Merit goods are the goods that are provided generally by the government to certain sections of society. Unlike in the case of pure public goods, merit goods are not provided to the entire society; rather they are given to certain targeted people. They Have positive externalities Ex: health, education
 

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Cash crops are the crops produced for its commercial value rather than for use by the grower. Sugarcane, Oilseeds, Horticulture crops, Tea, Coffee, Rubber, Cotton, and Jute are some of the cash crops.