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The contribution of the primary sector to the GDP of India is :
The Correct answer is At times increasing and at a times decreasing over the years
The Correct answer is At times increasing and at a times decreasing over the years
See lessCentral Government has unveiled a new series of consumer price index for industrial workers (CPI – IW) with _____as the base year.
The correct answer is 2016 . Minister of State (I/C) for Labour& Employment Shri Santosh Kumar Gangwar, in the presence of ShriApurva Chandra, Secretary L&E and Shri DPS Negi, Senior Labour& Employment Advisor and Director General, Labour Bureau released the new series of Consumer Price Index for InRead more
The correct answer is 2016 .
Minister of State (I/C) for Labour& Employment Shri Santosh Kumar Gangwar, in the presence of ShriApurva Chandra, Secretary L&E and Shri DPS Negi, Senior Labour& Employment Advisor and Director General, Labour Bureau released the new series of Consumer Price Index for Industrial Worker (CPI-IW) with base year 2016, beingcompiled and maintained by Labour Bureau, an attached office of Ministry of Labour& Employment.
The new series of CPI(IW) with base 2016=100 will replace theexisting series with base2001=100.
This will help in measurements of macroeconomic indicators of the Indian economy.
He added the improvements made in it, incorporating international standards and practices, will make it more comparable at international level.
As per the recommendations of International Labour Organisation (ILO), Index Review Committee (IRC) and National Statistical Commission (NSC), the base year of price index numbers should be revised at frequent intervals generally not exceeding 10 years to reflect the changes that take place in the consumption pattern of consumers.
The CPI-IW is compiled as per international best practices & guidelines of ILO.
See lessRobinhood effect is related to which of the following ?
The correct answer is Income redistribution . The Robin Hood effect is an economic occurrence where income is redistributed so that economic inequality is reduced. The effect is named after Robin Hood, said to have stolen from the rich to give to the poor. Objectives of Income Redistribution The corRead more
The correct answer is Income redistribution .
The Robin Hood effect is an economic occurrence where income is redistributed so that economic inequality is reduced. The effect is named after Robin Hood, said to have stolen from the rich to give to the poor.
Objectives of Income Redistribution
The core objectives of the Robin Hood effect are highlighted below;
The redistribution of wealth and income in an economy.
To create a reduction in economic inequality and provide more opportunities for those who are less well-off in society.
To relieve the burdens of the poor and make them gain more financial stability at the expense of the rich, such as a reduction in taxes paid by the poor and increase in taxes paid by the wealthy.
The Robin Hood effect also support that provision of public services funded by the tax paid by the rich, such provisions will be benefited by the poor members of the society.
See lessOut of the four concepts of money supply used in India, M1, M2, M3, and M4, the post office savings are included in :
The correct answer is M2 and M4 only . The circulating money involves the currency, printed notes, money in the deposit accounts and in the form of other liquid assets. RBI publishes figures for four alternative measures of money supply, viz. M1, M2, M3 and M4. M1 = CU + DD M2 = M1 + Savings depositRead more
The correct answer is M2 and M4 only .
The circulating money involves the currency, printed notes, money in the deposit accounts and in the form of other liquid assets.
RBI publishes figures for four alternative measures of money supply, viz. M1, M2, M3 and M4.
M1 = CU + DD
M2 = M1 + Savings deposits with Post Office savings banks
M3 = M1 + Net time deposits of commercial banks
M4 = M3 + Total deposits with Post Office savings organisations (excluding National Savings Certificates)
CU= is currency (notes plus coins) held by the public and
DD= is net demand deposits held by commercial banks.
The word ‘net’ implies that only deposits of the public held by the banks are to be included in money supply.
The interbank deposits, which a commercial bank holds in other commercial banks, are not to be regarded as part of the money supply.
M1 and M2 are known as narrow money. M3 and M4 are known as broad money.
These gradations are in decreasing order of liquidity.
M1 is the most liquid and easiest for transactions whereas M4 is the least liquid of all.
M3 is the most commonly used measure of the money supply. It is also known as aggregate monetary resources.
See lessThe Insurance Regulatory and Development Authority (IRDAI) is which type of body ?
The correct answer is Statutory Body . A statutory body or authority means a non-constitutional body which is set up by a parliament. Statutory bodies are authorized to pass the law and take the decision on the behalf of a state or country. ... Example of a statutory body is SEBI i.e. Securities andRead more
The correct answer is Statutory Body .
A statutory body or authority means a non-constitutional body which is set up by a parliament. Statutory bodies are authorized to pass the law and take the decision on the behalf of a state or country. … Example of a statutory body is SEBI i.e. Securities and Exchange Board of India,
See lessDeforestation is not a direct cause of :
The Correct answer is Species Invasion
The Correct answer is Species Invasion
See lessThe succession where the community increases its diversity and complexity with time is called :
The Correct answer is Progressive Succession
The Correct answer is Progressive Succession
See less