Economic and Social Development - 2

IRDP was introduced in the year 1978-79. Integrated rural development programme was introduced in Mizoram in 1978 at a very small scale. It is centrally sponsored programme funded by the central and the state governments on 50 : 50 bases. 

The service tax rate, as proposed in the Union Budget 2011-12, was 10%. 

Prime Minister's Employment Scheme has now been extended to both urban and rural areas. Prime Minister's Employment Generation Programme will be a Central Sector Scheme to be administered by the Ministry of Micro, Small and Medium Enterprises, MoMSME. At the State level, the Scheme will be implemented through State KVIC Directorates, State Khadi and Village Industries, Boards and District Industries Centres and banks. 

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";background:#fffbfb;mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">The 11^th plan period in India was <span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">2007-12. The economy of India is based in part on planning through its five-year plans, which are developed, executed and monitored by the Planning Commission. The tenth plan completed its term in March 2007 and the eleventh plan is currently underway. 

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">Margin requirements for debts are not a quantitative measure for credit control. Margin Debits is the dollar value of securities purchased on margin within an account. Margin debt carries an interest rate, and the amount of margin debt will change daily as the value of the underlying securities changes. 

24^th Febuary is celebrated as 'National Excise Duty Day'. Central Excise Day is celebrated all over India on 24^th February. Different states of the country conduct various types of programs on this day. The day marks the day of enactment of the Central Excise and Salt Act, 1944. 

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";background:#fffbfb;mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">KVIC (Khadi and Village Industry Commission) was established in the Second Five Year Plan.  Khadi and Village Industries (KVIC) were formed during the second five year plan by promulgation of an Act in the parliament with the aim to develop Khadi & Village Industries. The headquarters of the Commission is at Bombay & in each State they have an office to have close monitoring of implementation of their programmes.  

The sugar industrial sector got high rate of growth in its cooperative units. Cooperative sector is dominant in its sugar industry. The sugar industry has a turnover of Rs. 20,000 crore. It has been playing a significant role in overall socio-economic development of the state for the past six decades. 

'Kanya Vidyadhan Yojana' is operational in Uttar Pardesh. In order to encourage women education, the government of Uttar Pardesh implemented a new programme named Kanya Vidyadhan Yojana. Under the programme, an expenditure of Rs. 200 crores would be met out.

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";background:#fffbfb;mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">India Development Bond was issued in 1991-92 by SBI. The Indian development bond and the immunity scheme for the repartition of funds held abroad were introduced in the October 1991. The schemes proved to be highly successful as they mobilized $1.605 billion and $793 million respectively.  

The Fifth Five-Year Plan (1974-79) was suspended one year before the time schedule. The world economy was in a troublesome state when the Fifth Five-Year Plan was chalked out. This had a negative impact on the Indian economy. Prices in the energy and food sectors skyrocketed and as a consequence, inflation became inevitable. Therefore, the priority in the Fifth Five-Year Plan was given to the food and energy sectors. So, it was suspended one year before the time schedule.

Gold Bond Scheme includes minimum limit of gold deposit is 500 gm, no investigation of source of deposited gold and no upper limit of gold deposit. There has been a rush of gold imports into the countryand this is a major reason behind the ballooning of the trade deficit. It is interesting that the Government should be proposing a gold deposit scheme at such a juncture which has some of the objectives listed above. 

Cotton Industry in India is the most labour-oriented. Cotton plantations required vast labour forces to hand-pick cotton and it was not until the 1950s that reliable harvesting machinery was introduced in the South. During the early 20^th century, employment in the cotton industry fell as machines began to replace labourers and the South's rural labour force dwindled during the First and Second World Wars. 

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";background:#fffbfb;mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">National income on current prices is higher than that at constant prices because <span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">price increase is higher than increase in production. When the value of goods and services is found out by multiplying the quantity produced during one year by the prices prevailing in that year, we call it National income at Current Prices. On the other hand, when the value of goods and services is calculated by multiplying the quantity during one year with prices of the base year, we call it National Income at Constant Prices. 

'Open market operation' is a part of credit policy. Open market operation includes any of the purchases and sales of government securities and sometimes commercial paper by the central banking authority for the purpose of regulating the money supply and credit conditions on a continuous basis.

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";background:#fffbfb;mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">Presently (from Sept 2010) bank rate in India is <span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">6·0%. The interest rate that is charged by a country's central or federal bank on loans and advances to control money supply in the economy and the banking sector is the bank rate. This is typically done on a quarterly basis to control inflation and stabilize the country's exchange rates which is 6% presently.

<span new="style=font-size:" 10pt;="" line-height:="" 15.3333px;="">The <span class="apple-converted-space" style="font-family:" arial,="" verdana,="" sans-serif;="" font-size:="" 12px;="" line-height:="" normal;=""><span new="style=font-size:" 10pt;="" line-height:="" 15.3333px;="" font-family:="" arial;="">Eighth<span new="style=font-size:" 10pt;="" line-height:="" 15.3333px;=""> Five-Year Plan ensured higher growth rate than the targeted growth rate. The major objectives included in this plan were controlling population growth, poverty reduction, employment generation, strengthening the infrastructure, institutional building, tourism management, human resource development, involvement of Panchayat Raj, Nagar Palikas, NGOs and people. 

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";background:#fffbfb;mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">SJSRY scheme started on <span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">December 1, 1997. With a view to provide gainful employment to the urban unemployed or underemployed through encouraging the setting up of self-employment ventures or provision of wage employment, a new urban poverty alleviation programme, namely, Swarna Jayanti Shahari Rojgar Yojana (SJSRY) was launched on 01.12.1997 after subsuming the earlier three Urban Poverty Alleviation Schemes, namely Urban Basic Services for the Poor (UBSP), Nehru Rojgar Yojana (NRY) and Prime Ministers Integrated Urban Poverty Eradication Programme (PMI UPEP). 

<span style="font-size:" 13.3333px;="" line-height:="" 15.3333px;="">Option 3 is correct.

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";background:#fffbfb;mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">At present the share of Indian Foreign Trade in World Trade is <span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">from 0.5% to 1.0%. According to the latest information by the WTO, India's share in total world trade is from .5% to 1%. In 1950s, India's share in the world trade was 1.78% which was declined to 0.59% in 1990 and continues to remain around 0.60% till now.  

<span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";background:#fffbfb;mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">Tax Information Network (TIN), started in January 2004 is associated with <span style="font-size:10.0pt;line-height:115%;font-family:Arial;mso-fareast-font-family:"Times" new="" roman";mso-ansi-language:en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa="">Income Tax.TIN is an initiative by Income Tax Department of India (ITD) for the modernization of the current system for collection, processing, monitoring and accounting of direct taxes using information technology. TIN is a repository of nationwide Tax related information, and has been established by National Securities Depository Limited on behalf of ITD.