Economy and Revenue of West Bengal

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Economy and Revenue of West Bengal: Overview

This topic covers concepts such as Basic Economics Terms and Concepts in West Bengal Economy, Economy before Independence of West Bengal, Unemployment in West Bengal, Consumer Price Index (CPI) of West Bengal, etc.

Important Questions on Economy and Revenue of West Bengal

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Slow economic development and relatively high unemployment - economic stagnation – coupled by rising prices are referred to as _____. 

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What is the expansion of term CPI in Economics?

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In 2014-15, the state's leather exports accounted for around _____% of India's total leather goods exports.

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Exports from West Bengal are estimated to have been around USD _____ billion in 2014-15.

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What do the basic economic concepts of supply and demand signify in the West Bengal economy?  

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Which of the following definitions of scarcity is accurate in the West Bengal economy?

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Which of the following was not a branch of economic reforms of 1991 in West Bengal?

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The economic reforms of 1991 introduced FEMA in West Bengal. What FEMA stands for?

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Except for which industry, the private sector in West Bengal is free to launch a new venture of business without getting licences as a result of the economic refrom 1991 policy?

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Which of the following was not the liberalisation step taken in the 1991 economic reforms in Bengal?

 

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The BoP crisis was over by the end of March _____ as a result of 1991 economic reforms, smart macroeconomic stabilisation policies, including rupee devaluation and other structural reforms.

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Which of the following statement(s) regarding the characteristics of the trend of employment in the organised sector of West Bengal is/are correct?

A. It is a sector where the employment terms are fixed and regular, and the employees get assured work.

B. Employees will not get any medical benefits.

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Which of the following statement(s) regarding the new industrial policy of 1978 in West Bengal is/are correct?

A. It gave priority to small and cottage industries.

B. It sought to “curtail the stranglehold of big houses, foreign multinational firms in the organised sector".

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Which of the following statement(s) regarding the economic reforms leading to the industrial sector in West Bengal is/are correct?

A. The DPEP project report pinpoints the critical problem with the existing system: limited accountability of schools owing to insufficient local supervision and control.

B. The problem is also highlighted by the experiment with Shishu Shiksha Kendras throughout the state. Initiated in August 1997, there are approximately 8,000 SSKs operating now.

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Which of the following statement(s) regarding the significance of the industrial sector in West Bengal is/are correct?

A. Manufacturing sector contributed only 9.11% to the state GSDP in 2008-09.

B. It contributed 15.45% to the GDP of India.

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Which of the following statement(s) regarding the manufacturing sector in West Bengal is/are correct?

A. In 1960, West Bengal was one of the 3 richest states in India.

B. There are close to 9 lakhs small scale enterprises (Registered & Unregistered) in the State, which accounts for 7% of- the total such units in the country

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Which of the following factor(s) is/are the most important for West Bengal's industrial sector to grow?

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The Jute industry occupies an important place in the national economy of India. Consider the following statements in this context:

1. Majority of world’s Jute Production is in India

2. Majority of the Jute Mills in India are in cooperative sector

3. Apart from West Bengal, Jute is produced in Bihar, Andhra Pradesh and Odisha also

Which among the above statements is / are correct?

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In which year the East India Company acquired the 'Diwani of Bengal'?

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 Consider the following

I. Introduced in Bombay and Madras. Munro and Charles Reed recommended its introduction in 1820 .

II. It was based on the scientific rent theory of Ricardo.

Which of the above statement (s) is/are related to the Permanent Settlement?