Practice Quiz set 4 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   Consider the following statements in regard to inclusive development:
  1. As per the RBI guidelines public sector banks have to give loans to women SHGs at the interest rate of 7%.
  2. The initiative is to get benefit of interest rate subvention scheme under the Damini scheme.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The RBI directed public sector banks to provide loans to women self-help groups at a rate of 7% per annum so to get benefit of interest rate subvention scheme under the SGSYAajeevika scheme.

Q-2)   Consider the following statements:
  1. National Action Plan on Climate Change (NAPCC) was formed in 2010.
  2. The Capacity Building Scheme coordinates NAPCC.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

National Action Plan on Climate Change (NAPCC) consists of 8 government-backed missions, was formed in 2008.

The Capacity Building Scheme is designed to undertake and augment various activities including the Coordination of National Action Plan on Climate Change (NAPCC).

Q-3)   Modi Government relaunched the Kisan Vikas Patra (KVP) investment scheme to tap household savings for funding infrastructure development in the country.
Consider the following statements about this and pick the correct statement.
  1. The saving instrument will be available in the denomination of Rs. 1,000, Rs. 5,000, Rs. 10,000 and Rs. 50,000.
  2. There will be no upper ceiling on investment.
  3. No tax benefits would be available on these investments.
Which among the above is/are correct statements?

(a)

(b)

(c)

(d)

Explanation:

Q-4)   In order to comply with the TRIPS agreement, India enacted the Geographical Indications of goods. (Registration and protection) Act, 1999. The difference between a ‘Trade Mark’ and a geographical Indication is/are
  1. A trademark is an individual or a company’s right whereas a geographical indication cannot be licensed.
  2. A trademark can be licensed whereas a geographical indication is assigned to the agricultural goods/products and handicraft only.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Q-5)   Consider the following statements:
  1. Umesh Chandra Committee was set up by RBI to study the various issues relating to financial benchmarks.
  2. The Committee has recommended change in determining money market benchmark.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

RBI had set up a committee under its Executive Director P. Vijaya Bhaskar on June 28, 2013, to study the various issues relating to financial benchmarks.

The Committee has recommended a change in the way of determining the money market benchmarks so as to remove any possible scope for manipulation.

Q-6)   In the context of the Indian economy, consider the following pairs based on Term and Most Appropriate Description?
  1. Melt down - Fall in stock prices
  2. Recession - Fall in growth rate
  3. Slow down - Fall in GDP
Which of the pair(s) given above is/are correctly matched?

(a)

(b)

(c)

(d)

Explanation:

Q-7)   Consider the following statements regarding new Corporate Social Responsibility (CSR) rules:
  1. Companies to spend 2% of their 3 years average annual net profit on CSR activities.
  2. Surplus from CSR activities can become a part of the profit of the company.
  3. All CSR activities will have to be within India.
  4. The new rules will not be applicable to foreign companies registered in India.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

According to new Corporate Social Responsibility (CSR) rules, companies spend 2% of their 3 years average annual net profit on CSR activities.

Surplus from CSR activities cannot become a part of the profit of the company.

All CSR activities will have to be within India and the new rules will be applicable to the foreign companies registered in India.

Q-8)   Consider the following indicators :
  1. Life expectancy at birth
  2. Adult literacy rate
  3. Infant mortality rate
  Which of these are taken into account while preparing the Human Development Index in India?

(a)

(b)

(c)

(d)

Explanation:

The components are measured by four variables: GDP per capita, (PPP USD), literary rates (%), combined gross enrollment ratio, (%) and life expectancy at birth (years).

Q-9)   India’s largest solar power plant has been launched in which of the following states?

(a)

(b)

(c)

(d)

Explanation:

The Welspun Solar MP Project, the largest solar power plant in India, was launched at Neemuch, Madhya Pradesh.

The plant is set up at a cost of Rs. 1,100 crores on 305 hectares of land, will supply power at ` 8.05 kwh.

Q-10)   Consider the following statements :
  1. The Mid-day Meal Scheme is financed and managed by the Ministry of Human Resource Development.
  2. Mid-day Meal is connected to the right to food.
  3. It is the world’s largest school feeding programme.
Which of the above statements are correct?

(a)

(b)

(c)

(d)

Explanation:

The mid-day meal scheme is financed and managed by the Ministry of Human Resource Development.

It involves provision for free lunch on working days for children in primary and upper primary classes, encouraging poor children to attend school more regularly.

It is the world’s largest school feeding programme, reaching out to about 120,000,000 children.