Indian Economy Quiz 7

Net investment is the total amount of money that a company spends on capital assets, minus wear and tear (cost of the depreciation) of those assets.

The services sector is the largest sector of India. Gross Value Added (GVA) at current prices for the services sector is estimated at 96.54 lakh crore INR in 2020-21. The services sector accounts for 53.89% of total India's GVA of 179.15 lakh crore Indian rupees. With GVA of ₹46.44 lakh crore, the Industry sector contributes 25.92%. While Agriculture and allied sector share 20.19%.

The estimate of National Income in India was, for the first time, prepared by Dada Bhai Naoroji in 1876 for the year 1867-68.

In economics, Gresham's law is a monetary principle stating that “bad money drives out good”. For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.

India Brand Equity Foundation (IBEF) is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India in 2003 with the objective of promoting and creating international awareness of the Made in India label in markets overseas and to facilitate dissemination of knowledge of Indian products and services.

When the government disinvests its shares to the extent of 4 to 5 percent to meet the deficit in the budget, this is termed deficit privatization or token privatization.

Bull and bear are related to the Stock market. The share broker who sells shares in the apprehension of falling prices of shares is called Bear. A 'bull' by definition is an investor who buys shares because they believe the market is going to rise; whereas a 'bear' will sell shares as they believe the market is going to turn negative.

Devaluation reduces the cost of a country's exports, rendering them more competitive in the global market, which, in turn, increases the cost of imports.

A free good is a good that is not scarce, and therefore is available without limit. A free good is available in as great a quantity as desired with zero opportunity cost to society.

NationCal Mineral Development Corporation (NMDC) is a Navratna Company. The Navratna Companies are Public Sector Enterprises (PSEs) that can invest up to ₹. 1000 crore or 15% of their net worth on a single project without seeking approval from the government. List of Navratna Companies: BEL, CCIL, EIL, HAL, MTNL, NALCO, NBCC, NMDC, NLCIL, OIL, PFC, RINL, REC and SCI.