Practice Quiz set 5 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   Government of India has launched a scheme of ‘Housing for All’ by the year

(a)

(b)

(c)

(d)


Q-2)   With reference to power sector in India, consider the following statements.
  1. Rural electrification has been treated as a basic minimum service under the Prime Minister’s Gramodaya Yojana.
  2. 100% Foreign Direct Investment in power is allowed without upper limit.
  3. The Union Ministry of Power has signed a memorandum of understanding with 14 states.
Which of these statement(s) is/are correct?

(a)

(b)

(c)

(d)


Q-3)   With reference to the schemes launched by the Union Government, consider the following statements.
  1. Ministry of Health and Family Welfare launched the Rashtriya Swasthya Bima Yojana.
  2. Ministry of Textiles launched the Rajiv Gandhi Shilpi Swasthya Bima Yojana.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)


Q-4)   Which of the following is the largest rural employment programme in India?

(a)

(b)

(c)

(d)


Q-5)   The Vedanta Aluminium Ltd (VAL) has commissioned a world’s first red mud powder plant in Odisha describing it as first of its kind in aluminium industry tackling major environmental hazards. Red mud powder has great usage in which industry?

(a)

(b)

(c)

(d)

Explanation:

Vedanta Aluminium Ltd (VAL) has commissioned a red mud powder producing unit at Lanjigarh Refinery in Odisha, describing it as first of its kind in aluminium industry tackling major environmental hazards. Red mud is a waste from alumina industry and it can easily be utilised in cement industry.


Q-6)   Consider the following statements:
  1. Nirbhaya Fund is a Rs. 1000 crores fund aimed at enhancing the safety and for empowerment of women.
  2. Mobile handset makers will have to introduce an SoS alert button to ensure that women in distress can be reached by the police in the minimum possible time.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Nirbhaya Fund is a 1000-crore fund aimed at enhancing the safety and empowerment of women.

It was named after Nirbhaya–the pseudonym given to the victim of the incident to hide her identity.

Mobile handset makers will have to introduce an SoS alert button to ensure that women in distress can be reached by the police in the minimum possible time.


Q-7)   Consider the following statements:
  1. Instant Money Transfer (IMT) scheme is launched by the Bank of India.
  2. It allows withdrawal of funds to individuals from its ATMs without an account in the bank.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The Bank of India (BoI) launched an Instant Money Transfer (IMT) scheme and became the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank.

In other words, the IMT scheme allows customers to withdraw cash without using either debit card or credit card at BoI’s IMT-enabled ATMs.


Q-8)   Consider the following statements with reference to Indira Gandhi National Old Age Pension Scheme (IGNOAPS).
  1. All persons of 60 years or above belonging to households below the poverty line in rural areas are eligible.
  2. The central assistance under this scheme is at the rate of Rs. 300 per month per beneficiary. Under the scheme, states have been urged to give matching amounts.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:


Q-9)   Consider the following statements:
  1. The “Nalanda Project” is a programme of Ministry of Culture.
  2. It involves awareness, orientation and development of faculties of minority institutions.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Nalanda Project is a faculty development programme of the Ministry of Minority Affairs, for awareness, orientation and development of faculties of minority universities/minority managed degree colleges (MMDCs) and higher educational institutions located in minority concentration areas in the country.


Q-10)   Consider the following statements:
  1. The Union government recently launched Independent Evaluation Office (IEO) to suggest radical changes in the government social sector initiatives.
  2. The IEO is an independent office.
  3. The IEO is chaired by Prime Minister.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The union government recently launched Independent Evaluation Office (IEO) to suggest radical changes in the government social sector initiatives.

The IEO is an independent office attached to the planning commission, under governing board chaired by the commission’s deputy chairman.