Answer: Option C. -> Socialist system
Answer: (c)
In India, a planned economy is based on the socialist system in which all have equal opportunities to education, healthcare, non-exploitation, equality of wealth etc.
The concept was borrowed from Russia and is based on achieving directive principles mentioned in our constitution.

Answer: Option D. -> Borrowings and other liabilities
Answer: (d)
According to the 2016-17 budget, Borrowings and other liabilities contribute a maximum of about 21% of total government earnings. It is followed by Corporation Tax (19%) and Income Tax (14%).
Corporation tax and income tax together constitute one-third of the total government earnings.

Answer: Option C. -> IDBI Bank
Answer: (c)
The Industrial Development Bank of India (IDBI) was established in 1964 by the government of India under an act of the Indian Parliament called the IDBI Act.
On December 15, 2003, the Indian Parliament approved the conversion of the Industrial Development Bank of India’s (IDBI) into a universal bank. The government’s move was significant given the fact that the Development Financial Institution (DFI) had been struggling to sustain its growth in recent times.
In India, the Development Financial Institutions were established and developed by the Government of India and Reserve Bank of India (RBI) to meet the specific needs of the industry and were traditionally engaged in long term financing, as their main objective was to take care of the investment needs of industries and to contribute to a better industrial climate.

Answer: Option A. -> A.N. Cairncross
Answer: (a)

Answer: Option A. -> 2 only
Answer: (a)Indian Economy is highly dependent on agriculture because still the maximum population stays in rural area.

Answer: Option B. -> final goods and services produced in an economy in a year.
Answer: (b)
GDP is defined as the value of all final goods and services produced in an economy in a year.
The total quantity of goods produced in an economy during the year is multiplied by their current prices to get the GDP.

Answer: Option C. -> Money market
Answer: (c)Money market helps in securing short-term loans to meet working capital requirements through the system of finance bills, commercial papers, etc. it plays crucial role in financing both internal as well as international trade.

Answer: Option C. -> 4 only
Answer: (c)Deficit financing is a pragmatic tool of economic development and has been used by Indian govt. to obtain necessary resources to finance the five year plans.

Answer: Option D. -> Agricultural Sector
Answer: (d)Agriculture sector has a high rate of disguised unemplyment. The surplus labours in agriculture sector forms ‘disguised unemployment’.

Answer: Option A. -> IFCI
Answer: (a)
A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themselves. In some cases, the servicers of the underlying debt are also given ratings.
CRISIL is the most influential and largest credit rating agency among all the credit rating agencies in India. ICRA Limited (ICRA) is one of India’s premier financial information services companies. It offers credit rating information and professional financial consulting services across India, as well as in the Asia-Pacific region through its subsidiaries.
CARE Ratings commenced operations in April 1993 and over nearly two decades, it has established itself as the second-largest credit rating agency in India.
The government established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector.