Page 210 - DECO502_INDIAN_ECONOMIC_POLICY_ENGLISH

Indian Economic Policy

Notes average wages per worker per annum was the highest ` 62,809. Within the Corporate sector, wages
in the pull sector were the highest at ` 70,720 and the private at ` 58,966. Since the public sector is a
pace sector improving the level of wages, it provides to lead the followed by to private sector.
Self-Assessment

1. Choose the correct option:
(i) India’s central bank the Reserve Bank of India (RBI) in its April-June quarter monetary policy
review left the key policy rates unchanged. Which of the following facts are not true with
regards to this?
I. The repo rate remained unchanged at 8 percent while the reverse repo rate remained
stable at 7 percent
II. Cash Reserve Ratio (CRR) - the amount of total deposits that banks are required to keep
with the central bank - also remained unchanged at 5.25
III. The statutory liquidity ratio (SLR) - the percentage of total deposits that banks need to
invest in the government bonds was changed to 23 percent from the erstwhile 24 percent
IV. RBI also cut its economic growth outlook for the fiscal year 2012-13 to 6.5 percent, from
the earlier projection of 7.3 percent
(a) I & III (b) Only II (c) III & IV (d) Only IV
(ii) As per the a report by Ernst & Young and Event & Entertainment Management Association
(EEMA), which interviewed CEOs of 32 Indian events and activation companies, the organised
events and activation market in India is expected to grow by what percent over the next two
years, powered by weddings, sports and higher spends on below-the-line promotional events?
(a) 50% (b) 55% (c) 53.33% (d) 46%
(iii) According to the quarterly report on ‘Public debt management’ prepared by the Department
of Economic Affairs (DEA) under the Ministry of Finance, India’s public debt rose by what
per cent to 3752576 crore rupees during the first quarter (April-June) of fiscal year 2012?
(a)4% (b) 4.9% (c) 5.6% (d) 7.1%
(iv) Exports from Special Economic Zones (SEZs) grew by what per cent to Rs 118321.56 crore
during the first quarter (April-June) of the fiscal 2012-13?
(a) 51% (b) 57.5% (c) 64% (d) 73%
(v) The Union government on 30 July 2012 introduced national certification standards for organic
textiles to boost the demand for organic textiles in major markets, including Europe and
Japan. With respect to the above statement which of the following is not true?
I. The Indian Standards for Organic Textiles (ISOT) launched by Commerce, Industry and
Textiles Minister Anand Sharma is to be included under the National Programme for
Organic Productions (NPOP)
II. The NPOP includes norms for organic production and processing of agriculture crops
along with certification standards
III. In 2011 India exported certified organic products to various countries in Europe, Asia
and the US worth Rs 2000 crore
IV India with the introduction of the national certification standards thus took over the
long-standing position of the Global Organic Textiles standards (GOTS), which are private
standards prevailing in the organic textiles industry
(a) I & IV (b) II & III (c) Only IV (d) Only III
(vi) Where was the first cotton mill of India was established in 1857?
(a) Mysor (b) Madras (c) Surat (d) Bombay

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