Indian Economy

The Government announced demonetisation of the old ₹500 and ₹1,000 notes on 8 November 2016.

The Green Revolution was introduced in India during the Third Five Year Plan period, with major high-yielding variety adoption accelerating in the late 1960s. The PDF key marks the Fourth Plan, so this item has a source-key discrepancy.

The standard unit of coin issued by the Vijayanagara Empire was the gold Pagoda. Other coins were of silver and copper and were called Jital, Pana, Kasu, etc

Black Revolution is related to the Crude oil production. Crude petroleum is originally found in black colour. It is also known as 'Black Gold' Petroleum is commonly called Black Gold.

The SEBI was given statutory recognition in 1992 on the recommendation of the Narasimham Committee. The Securities and Exchange Board of India (SEBI) SEBI received statutory status through the SEBI Act, 1992.

Sir Mokshagundam Visvesvaraya is known as the Father of Indian Economic Planning. The first five year plan was presented in the parliament by Prime Minister Jawaharlal Nehru in December 1951 Visvesvaraya's Planned Economy for India was published in 1934.

[71] Repo operations are part of the RBI's monetary-policy and liquidity-management framework.

Jamnagar in Gujarat is the largest petrochemical industrial center of India Jamnagar is a major petroleum-refining and petrochemical hub of Gujarat

Rainbow revolution is related to Agricultural Industries. It is an integrated development of crop cultivation, horticulture, forestry, fishery, poultry, animal husbandry The term is used for integrated agricultural development covering several allied activities

In India the estimates of national income are prepared by central statistical organization (C.S.O) Today national accounts are compiled by the National Statistical Office (NSO), which replaced the earlier CSO framework

The 'mid-day meal' scheme was started in 1995 to provide proper nourishment for students The scheme was launched in 1995; the national programme is now known as PM POSHAN

A demand draft is issued by a bank and is commonly called a banker’s cheque in this exam usage

A closed economy does not engage in international trade, so it has neither exports nor imports

Independent India's first budget was presented on November 26, 1947 by the then Finance Minister R K Shanmukham Chetty R. K. Shanmukham Chetty presented the first Budget of independent India on 26 November 1947

The Department of Commerce under the Ministry of Commerce and Industry is responsible for foreign trade policy

The Consolidated Fund of India is the account of the revenue the Government of India receives via income tax, Customs, central excise and the non-tax revenue and the expenses it makes, excluding exceptional items.

The Hindu rate of growth is a term referring to the low annual growth rate of the economy of India before the economic reforms of 1991. The term 'Hindu rate of growth' was coined by Indian economist Raj Krishna.

Lord Ripon is regarded as the father of local self-government in India. He was considered to have given the Indians the first taste of independence by establishing the Local Self Government in 1882.

Motor vehicle tax is primarily a state/local tax, not a source of Central Government tax revenue. Central taxes include income tax and customs duties.

A progressive tax is a tax in which the tax rate increases as the taxable amount increases.