Economics (Part-vi) (Railway)

A hypermarket is a retail store that combines a department store and a grocery supermarket.

• The idea behind hypermarkets is to provide consumers with all the goods they require under one roof.

• Often a very large establishment, hypermarkets offer a wide variety of products such as appliances, clothing, and groceries.

Kudumbashree is the poverty eradication and women empowerment programme implemented by the State Poverty Eradication Mission (SPEM) of the Government of Kerala.

• The name Kudumbashree in Malayalam language means 'prosperity of the family'.

• Kudumbashree was set up in 1997.

In economies, factors of production are the resources people use to produce goods and services.

•  Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

The Karve Committee, also known as the village and small-scale industries committee, was set up in 1955.

It was set up to find out the potential of utilizing small scale industry for promoting rural development.

Repo rate can be defined as an amount of interest that is charged by the Reserve Bank of India while lending funds to the commercial banks.

• The word 'Repo' stands for 'Repurchasing Option' or 'Repurchase Agreement'.

• The reverse repo rate is the rate of interest that is provided by the Reserve bank of India while borrowing money from the commercial banks.

The Planning Commission was replaced with the NITI (National Institution for Transforming India) Aayog on 1 January, 2015.

• The Planning Commission was formed by the first Prime Minister of India Pandit Jawahar lal Nehru on March 15, 1950.

Securities and Exchange Board of India (SEBI) is a regulator of the securities market.

• SEBI is a statutory body that was established under the pro visions of the Security and Exchange Board of India Act 1992.

• SEBI comes under the control of the Ministry of Finance.

• The headquarters of SEBI is situated in Mumbai.