Indian Economy MCQs

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Money market securities are debt issues with maturities of one year or less. Treasury Bills, Certificate of Deposit as well as Commercial papers are money market instruments.

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The Kandla Special Economic Zone (KASEZ) was established in the year 1965 as the first Export Processing Zone in India. It is also the first special economic zone in India and in Asia. It is located in Kutch District of Gujarat.

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Tubewells provide the highest share of irrigation among artificial sources in India after rainfall. According to the 2015-16 Agricultural Census, tubewells accounted for about 46% of the net irrigated area. Tubewell irrigation is most prevalent in northern Indian states such as Uttar Pradesh and Punjab. Canals, rivers, and tanks contribute comparatively less to the total irrigated area.

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London is the world’s largest foreign exchange trading centre. In the Bank for International Settlements’ latest Triennial Central Bank Survey, it accounted for the biggest share of global FX turnover, ahead of New York, Singapore and Tokyo. The city’s dominance is supported by its strong financial infrastructure, concentration of major banks, and time-zone advantage, which allows trading overlap with both Asian and American markets.

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The term “Bretton Woods Twins” refers to the two institutions created at the Bretton Woods Conference in 1944: the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD). The IMF was set up to promote global monetary cooperation and stability, while the IBRD was established to help finance post-war reconstruction and development. The IBRD later became part of the World Bank Group.

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BOLT stands for Build, Own, Lease, Transfer. In this model, a private entity constructs and owns the infrastructure facility, leases it to a government or public sector agency for an agreed period, and afterward transfers ownership to the public authority. The model was adopted to attract private investment in public infrastructure in India from the 1990s and is used in sectors like transportation and power.

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Circular trading involves participants repeatedly buying and selling the same securities within a group. This creates fake market activity without changing ownership. Circular trading is banned under SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003. SEBI monitors for such patterns using price bands and volume filters. The practice is classified as market manipulation under Indian securities law.

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Chetan Bhagat worked as an investment banker at Goldman Sachs and Deutsche Bank in Hong Kong for about 11 years. He graduated from IIT Delhi in 1995 and IIM Ahmedabad in 1997. Bhagat wrote his first novel, Five Point Someone, while still an investment banker. He left banking after publishing his third novel in 2008.

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Austerity Budget is not a formal budget category used in the Indian Union Budget framework. In contrast, Gender Budget is used to highlight budgetary provisions for women-focused outcomes, while Performance Budget is a budgeting approach that links spending to targets and achievements. Outcome-based reporting has also been used in budget documents to track results and outputs. Therefore, the term not formally linked with Indian government budgets is Austerity Budget.

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ITDC is an hospitality, retail and Education company owned by Government of India, under Ministry of Tourism. Its headquarters is located in New Delhi.