Indian Economy GK Quiz and Answers

Detailed Solution. The correct answer is RBL Bank. RBI has authorized RBL Bank to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC).

Singapore maintains its spot as the world's most expensive city, tying with Zurich, Switzerland. This is the ninth time in 11 years that Singapore has topped the list.

The Kotak IndiGo 'Ka-ching' credit card comes in two variants -- 6E Rewards and 6E Rewards XL. The credit card was launched by IndiGo chief commercial officer William Boulter and Kotak Mahindra Bank president for consumer assets Ambuj Chandna at the Delhi airport.

• About:
  
  • It is an assessment and benchmarking of health security and related capabilities across 195 countries.
  • It has been developed in partnership by the Nuclear Threat Initiative (NTI) and the Johns Hopkins Center.
    
    • NTI is a nonprofit global security organization focused on reducing nuclear and biological threats imperiling humanity.
    • Johns Hopkins Center was created to recognize the crucial role of communication in public health.

The human development concept was developed by economist Mahbub ul Haq. At the World Bank in the 1970s, and later as minister of finance in his own country, Pakistan, Dr. Haq argued that existing measures of human progress failed to account for the true purpose of development—to improve people's lives.

Hiralal Chaudhuri and Dr. Arun Krishnsnan are known as Father of Blue revolution. The Blue Revolution in India was launched during the 7th Five Year Plan (1985-1990) during the sponsorship of the Fish Farmers Development Agency (FFDA) by the Central Government of India.

Explain: -For Welfare Economics and Social Choice Theory, Amartya Sen, in 1998 was awarded the Noble Prize. Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. ... The field of welfare economics is associated with two fundamental theorems.

Expl:- Labour Intensive Technique will be chosen in Labour Surplus Economy because in such economy labour cost is low.

Explain: -The Surplus earned by a factor other than land in the short period is referred as quasi-rent.

Explain: -With increase in rate of interest there is decrease in consumption level i.e. there is inverse relation between rate of interest and consumption level.