Correct Answer - Option 1 : a-2, b-1, c-4, d-3
The correct answer is a-2, b-1, c-4, d-3.
Column-A |
Column-B |
a. Open general license |
External trade |
b. TRYSEM |
Employment |
c. Wholesale price index |
Inflation |
d. Cash-reserve ratio |
Credit control |
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Open general license:
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The OGEL is a one-time export license to be granted to a company for a specific period which is two years initially.
- The application for the grant of OGEL will be considered by the Department of Defence Production (DPP) on a case-to-case basis.
- For acquiring the licenses, the applicant is mandatory to have an Import-Export certificate.
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TRYSEM:
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Training of Rural Youth for Self-Employment (TRYSEM), scheme was started in 1979 with the objective to help unemployed rural youth between the age of 18 and 35 years to acquire skills for self-employment.
- Priority was given to SC/ST Youth and Women.
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Wholesale price index:
- The Wholesale Price Index represents the price of a basket of wholesale goods.
- WPI focuses on the price of goods that are traded between corporations.
- It does not concentrate on goods purchased by the consumers.
- The main objective of WPI is monitoring price drifts that reflect demand and supply in manufacturing, construction and industry.
- WPI helps in assessing the macroeconomic as well as microeconomic conditions of an economy.
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Cash-reserve ratio:
- CRR is an important tool of the Monetary Policy.
- Monetary Policy is the process of regulating the supply of money in an economy by the monetary authority of the country.
- A specific CRR is provided to each commercial bank in India by the RBI.
- The Reserve Bank of India is authorized to make monetary policy under the Reserve Bank of India Act, 1934, and can set the cash reserve ratio between 3% and 15%.