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Match Column-A with Column-B and select the correct answer using the codes given below.

Column-A Column-B
a. Open general license 1. Employment
b. TRYSEM 2. External trade
c. Wholesale price index 3. Credit control
d. Cash-reserve ratio 4. Inflation

1. a-2, b-1, c-4, d-3
2. a-2, b-4, c-3, d-1
3. a-4, b-3, c-2, d-1
4. a-3, b-2, c-1, d-4

1 Answer

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Best answer
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

 

  • Open general license:
    • 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.
  • TRYSEM:
    • 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.
  • ​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.
  • 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%.

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