indian political, socio economic panorama & issues (national) MCQ section 7 Practice Questions Answers Test with Solutions & More Shortcuts
indian political, socio economic panorama & issues (national) PRACTICE TEST [7 - EXERCISES]
indian political, socio economic panorama & issues (national) MCQ section 1
indian political, socio economic panorama & issues (national) MCQ section 2
indian political, socio economic panorama & issues (national) MCQ section 3
indian political, socio economic panorama & issues (national) MCQ section 4
indian political, socio economic panorama & issues (national) MCQ section 5
indian political, socio economic panorama & issues (national) MCQ section 6
indian political, socio economic panorama & issues (national) MCQ section 7
Question : 41
Consider the following statements:
- National Mission for a Green India aims for afforestation at 10 million hectares of land over the next decade in order to increase and improve the country’s forest cover
- Union Government has merged Green India Mission (GIM) with the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) Scheme.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither of the above
Answer »Answer: (b)
By merging GIM with MGNREGA Scheme government seeks to increase 10 million hectares of forest cover.
Question : 44
On which of the following bills can President summon the joint sitting of two Houses of Parliament, in case of a deadlock?
- Ordinary Bill
- Money Bill
- Constitution Amendment Bill
- Finance Bill
a) 1 and 4 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 3 and 4 only
Answer »Answer: (a)
Rajya Sabha has limited power in case of money bill. Constitution Amendment Bill should be passed by both the Houses separately.
Question : 45
Which of the following are the guidelines issued by the Reserve Bank of India in November 2014 for Licensing of Payments Banks?
- Existing non-bank Pre-paid Payment Instrument (PPI) issuers, mobile firms and supermarket chains etc will be allowed to work as payment banks.
- Payment Banks will initially be restricted to hold a maximum balance of 1 lakh rupees per individual customer
- Payment Banks will not be allowed to issue ATM or debit cards.
- These banks will need to maintain the Cash Reserve Ratio (CRR) with the Reserve Bank of India.
a) 3 and 4 only
b) 1 and 3 only
c) 1, 2 and 4 only
d) 2, 3 and 4 only
Answer »Answer: (c)
Payment Banks will be allowed to issue ATM or debit cards but not credit cards.
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