Indian Economy Quiz 6

The Government of India (Ministry of Finance) has the sole right to mint coins. The responsibility for coinage vests with the Government of India in terms of the Coinage Act 1906. The Reserve Bank puts the coins into circulation on behalf of the Government of India.

₹50 among Mahatma Gandhi Series of currency notes issued by the RBI has a drawing of the Parliament House depicted on it.

The Green accounting system is a type of accounting that attempts to factor environmental costs into the financial results of operations. The main objective of green accounting is to assist businesses to understand environmental goals are as important as financial goals.

Disposable Personal Income (DPI) is how much money a person has to spend after taxes and any other mandatory withholdings are taken from their pay-check.

A mixed economy is partly run by the government and partly as a free market economy. In a mixed economy, government controls part of the economy with restriction and licensing requirements, which includes involvement in such areas as education, courts, roads, hospital care, and postal delivery. The government's role in a mixed economy can also include financial policies, such as monetary and fiscal policies.

Classical economics or classical political economy is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. Its main thinkers are held to be Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill.

Commission for Agricultural Costs and Prices (CACP) is a decentralised agency of the Government of India. It was established in 1965 as the Agricultural Prices Commission, and was given its present name in 1985.

Antyodaya Anna Yojana (AAY) is the sponsored scheme of Government of India to provide highly subsidised food to millions of the poorest families. The scheme was implemented in 2000. AAY scheme covers the poorest of the poor by supply of food and other important commodities for their daily needs.

A trade bloc is a group of nations that has reached a set of special agreements regarding their economic relationships with each other.

The Damodar Valley Corporation is the first Public Sector Corporation of independent India. The Corporation came into existence on 7th July, 1948 as the first multipurpose river valley project of independent India. It is an Indian governmental organization which operates in the Damodar River area of West Bengal and Jharkhand states of India.