The Industrial Investment Bank of India was earlier known as the
Answer: C
It was earlier the IRBI.
The Industrial Reconstruction Bank of India, itself a conversion of the Industrial Reconstruction Corporation, was renamed the Industrial Investment Bank of India in 1997, when it was freed from its exclusive concern with sick industrial units.
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The Maximum investment limit for Small-Scale Industries has been reduced to
Answer: C
The limit was set at Rs 1 crore.
Small-scale industry was defined by the ceiling on investment in plant and machinery, which was raised to Rs 3 crore in 1997 and then reduced back to Rs 1 crore in 1999. The MSMED Act of 2006 replaced this classification altogether.
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Novelis has been acquired and merged with
Answer: C
Novelis was acquired by Hindalco.
The Aditya Birla group company bought the Canadian aluminium rolling firm in 2007 for about $6 billion, then the largest overseas acquisition by an Indian company after Tata Steel's purchase of Corus. It made Hindalco the world's largest aluminium rolling company.
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Durgapur, Bhilai and Rourkela plants were set up during the _______ plan.
Answer: B
They were set up during the Second Plan.
Rourkela with German help, Bhilai with Soviet and Durgapur with British were all built between 1955 and 1959, giving effect to the Mahalanobis strategy of building heavy industry first.
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A very rapid growth in prices in which money loses to the point where even barter may be preferable is known as
Answer: D
This is hyper-inflation.
Prices rise so fast that money ceases to be a reliable store of value or unit of account, and people revert to barter or to a foreign currency. Germany in 1923 and Zimbabwe in 2008 are the standard examples; the cause in each case was the printing of money to finance a deficit.
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Which one of the following is a revamp of the Integrated Rural Development Programme?
Answer: D
It is the Swarnajayanti Gram Swarozgar Yojana.
Launched in 1999, it merged the IRDP and its allied schemes into a single self-employment programme built around self-help groups, credit and subsidy. It was itself restructured as the National Rural Livelihoods Mission in 2011.
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What is "Stagflation"?
Answer: D
Stagflation is inflation together with depression.
Prices rise while output stagnates and unemployment grows - a combination the Phillips curve said should not occur. The oil shocks of the 1970s produced it, and it is hard to treat, since curbing inflation deepens the slump and reviving output worsens inflation.
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The seventh plan gave maximum weightage to the sector of
Answer: A
The Seventh Plan gave the greatest weight to energy.
Running from 1985 to 1990 with the theme 'food, work and productivity', it allocated about 30 per cent of outlay to the energy sector, on the view that power shortages were the binding constraint on industrial growth.
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"Blue Revolution" is related to
Answer: C
The Blue Revolution relates to fisheries.
It refers to the rapid growth of fish production through aquaculture and inland fisheries, from the Fish Farmers Development Agencies of the 1970s to the present Pradhan Mantri Matsya Sampada Yojana. India is now the second largest fish producer in the world.
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Legal tender in India includes
Answer: D
Legal tender includes coins and bank notes.
Coins issued by the government are limited legal tender - beyond a certain amount they need not be accepted - while bank notes issued by the RBI are unlimited legal tender, carrying the Governor's promise to pay the bearer.
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