Indian Economy Quiz 6

Social infrastructure includes the construction and maintenance of facilities that support social services. These can include healthcare, education and Civil amenities.

Bank rate is the rate charged by the central bank (RBI) for lending funds to commercial banks. Lower bank rates can help to expand the economy by lowering the cost of funds for borrowers, and higher bank rates help to reign in the economy when inflation is higher than desired.

A non-resident Indian is classified as an individual who has gone out of India, or who stays outside India for employment or for carrying on business or any vocation.

The fourth Five-Year Plan was from 1969 to 1974. It targeted achieving self-reliance through progressive movement and achieving stable growth. During the implementation of this plan, then Prime Minister Indira Gandhi called the slogan 'GARIBI HATAO'.

Using Defence Strategies a seller or buyer protects his business or holdings from changing prices and takes action against it.

Stamp duty is levied by the Union and appropriated and planned by states. The central government requires stamp duty to be paid on several classes of transaction documents, primarily focused on securities, under the Indian Stamp Act, 1899.

Prime Minister is the ex-officio chairman of the NITI Aayog in India. NITI (National Institute For Transforming India) Aayog is a government think tank and is formed in 2015 after replacing Planning Commission.

Gandhiji believed that means Justify end. For Gandhi, the end is satya or truth which requires no justification and the means- ahimsa or non-violence must be justified not only with reference to the end but also in itself. Every act must be justified with reference to satya and ahimsa.

A bank rate is the interest rate a nation's central bank charges to its domestic banks to borrow money. In India, the RBI set the bank rate.

Interest on public debt is part of Transfer payments by the government. In economics, a transfer payment is a redistribution of income in the market system. Government debt is the debt owed by a central government. In the budget, it is listed among the transfer payments by the government.