Indian Economy Quiz: Day 106

Answer: (d)

What is a Social Stock Exchange?

• The SSE would function as a separate segment within the existing stock exchange and help social enterprises raise funds from the public through its mechanism. It would serve as a medium for enterprises to seek finance for their social initiatives , acquire visibility and provide increased transparency about fund mobilisation and utilisation. Retail investors can only invest in securities offered by for-profit social enterprises (SEs) under the Main Board. In all other cases, only institutional investors and non-institutional investors can invest in securities issued by SEs.
• Any non-profit organisation (NPO) or for-profit social enterprise (FPSEs) that establishes the primacy of social intent would be recognised as a social enterprise (SE), which will make it eligible to be registered or listed on the SSE.

Answer: (d)

• DRE refers to the generation and distribution of electricity from renewable energy sources, such as solar, wind, hydro, geothermal, and biomass, through small-scale, decentralized systems.
• These systems are often installed in remote or rural areas where it is difficult or expensive to connect to a centralized power grid.
• DRE systems can range from individual rooftop solar panels to small-scale wind turbines, mini-hydro systems, and biomass generators.
• They are typically designed to serve a single household or community, rather than a large urban or industrial center.
• DRE systems are also known as off-grid or mini-grid systems, and they can be standalone or connected to a larger power grid.

Answer: (d)

• The G20 was formed in 1999 in the backdrop of the financial crisis of the late 1990s that hit East Asia and Southeast Asia in particular.
• Its aim was to secure global financial stability by involving middle-income countries

Answer: (c)

• Insider trading is when a company insider, an official, employee or a senior executive, takes advantage of unpublished price-sensitive information (UPSI) to trade in the company’s stock and make profits from such transactions.
• Front running is the illegal practice of purchasing a security based on advanced private information so as to benefit from the subsequent price movement.

Answer: (c)

QR-code Based Coin Vending Machine (QCVM).

• The pilot is initially planned to be rolled out at 19 locations in 12 cities across the country.
• With particular focus on ease and accessibility, the machines are intended to be installed at public places such as railway stations, shopping malls and marketplaces.
• QCVM is a cashless coin dispensation machine which would dispense coins against a debit to the customer’s bank account using UPI (Unified Payment Interface).
• Customers would be endowed the option of withdrawing coins in required quantities and denominations.

Answer: (b)

• The EU members have agreed to implement a minimum tax rate of 15% on big businesses in accordance with the Global Tax Agreement framed by the Organisation for Economic Cooperation and Development.
• Under the OECD’s plan, Governments will be equipped to impose additional taxes in case companies are found to be paying taxes that are considered too low. This is to ensure that big businesses with global operations do not benefit by domiciling themselves in tax havens in order to save on taxes.

Answer: (c)

• RuPay is a product of the National Payments Corporation of India, an umbrella organisation for operating indigenous retail payments and settlement systems in India. RuPay is India’s indigenous payment network.
• UPI LITE is a new payment solution that leverages a trusted technology to process low-value transactions that have been set at below INR 200. UPI 123PAY is an instant payment system for feature phone users who can use UPI payment service in a safe and secure manner.

Answer: (d)

• During 2022, China’s imports from India fell to $17.48 billion.
• Reasons for Rising Deficit The growth of the trade deficit with China can be attributed to two factors:

(a)A narrow basket of commodities mostly primary, that India exports to China;

(b)Market access impediments for most of India’s agri products and the sectors where India is competitive such as pharma, IT/ITES

Answer: (d)

Answer: (a)

• In a barter system where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature.
• Money eliminates the need for double coincidence of wants.

Answer: (b)

• The CPI basket comprises 448 items in rural and 460 items in urban.

Answer: (c)

Phillips Curve is an economic concept developed by A. W. Phillips argues that inflation and unemployment have an inverse and stable relationship.

Answer: (c)

• The Government merged the Central Statistical Organization (CSO) and National Sample Survey Organization (NSSO) into a single entity called the National Statistical Organization (NSO) as per the recommendation of the National Statistical Commission.
• The NSO is headed by the Chief Statistician of India.

Answer: (c)

Answer: (c)