FERA was replaced by ___.
- multiplier
- rivalrous (or unregulated common)
- Capital
- FEMA
Answer: FEMA
Foreign Exchange Management Act, passed in 1999.
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Answer: FEMA
Foreign Exchange Management Act, passed in 1999.
Answer: IDA
International Development Association.
Answer: working
Refers to the 15-59 years working-age population.
Answer: milk
Also famously known as the White Revolution in India.
Answer: public
Co-existence of government and private business entities.
Answer: 2003
Fiscal Responsibility and Budget Management Act.
Answer: Total receipts excluding borrowings
It indicates the total borrowing requirement of the government.
Answer: indirect
Levied on the supply of goods and services.
Answer: long
No collateral is required unlike the repo rate.
Answer: NDTL
Net Demand and Time Liabilities.
Answer: six
3 members from RBI and 3 external members nominated by Govt.
Answer: sustained decrease
The exact opposite phenomenon of inflation.
Answer: drives out
People tend to hoard good money and circulate bad money.
Answer: Demand deposits
M1 is the narrowest measure of money supply.
Answer: Population
Represents the average income per person in the country.
Answer: inflation
Real GDP uses base year prices to remove inflation effects.
Answer: National Income
It is the purest measure of a country's national income.
Answer: Total variable cost
TC is the sum of TFC and TVC.
Answer: isoquant
Marginal Rate of Technical Substitution.
Answer: short
Analyzes the effect of adding variable inputs to fixed ones.