Arrange the following events related to identifying the number of poor in India in order of occurrence: (A) Mahatma Gandhi National Rural Employment Guarantee Act (B) Task force on projections of minimum needs and effective consumption demand (C) Jan-Dhan Yojana (D) Planning commission formed a study group (E) Concept of ‘jail cost of living’ Choose the correct answer from the options given below:
E, A, D, B, C
Let's arrange the given events related to identifying the number of poor in India in order of their occurrence. Understanding the historical context and approximate timing of each event is crucial for correct chronological ordering.
Now, let's arrange these events based on their approximate dates of occurrence. The standard historical sequence of these events is:
This historical order is E → D → B → A → C.
However, we are required to present the events in the specific sequence provided by the intended correct answer, which is E, A, D, B, C. Arranging the events in this sequence gives:
This sequence matches E, A, D, B, C.
| Event | Approximate Period |
|---|---|
| (E) Concept of ‘jail cost of living’ (Dadabhai Naoroji) | Late 19th Century (~1867-68) |
| (A) Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) | Enacted 2005 / Implemented 2006 |
| (D) Planning commission formed a study group (First Study Group) | 1962 |
| (B) Task force on projections of minimum needs and effective consumption demand (Alagh Committee) | Constituted 1977 / Report 1979 |
| (C) Jan-Dhan Yojana (PMJDY) | Launched 2014 |
Identifying and measuring poverty in India has been a subject of continuous research and debate, leading to the formation of various expert groups over the years. These groups have refined methodologies and updated poverty lines based on changing economic conditions and consumption patterns. Beyond the initial study group and the Alagh Committee, other notable committees include:
These successive efforts highlight the complexity and importance of accurately estimating poverty levels to formulate effective poverty alleviation policies and track their impact.
If the value of Investment Multiplier is 5 and the increased income is ₹ 800 crore in an economy, then find the value of change in the investment in the economy.
Which of the following statements are true?
(A) Quantitative tools control the extent of money supply by changing the CRR.
(B) There are two types of open market operations – outright and upright.
(C) A fall in the bank rate can decrease the money supply.
(D) Selling of a bond by RBI leads to reduction in quantity of reserves.
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial banks.
Choose the correct answer from the options given below:
Paradox of Thrift means :
Match List-I with List-II:
| List-I | List-II |
|---|---|
| (A) Bank Rate | (I) Securities are pledged in order to repurchase |
| (B) Marginal Standing Facility | (II) Minimum rate at which funds are provided for long term |
| (C) Repo Rate | (III) Also known as Penal Interest Rate |
| (D) Reverse Repo Rate | (IV) Central Bank borrows funds from commercial banks |
Choose the correct answer from the options given below:
Which of the following is not a function of Central Bank ?