indian political, socio economic panorama & issues (national) MCQ section 3 MCQ Questions & Answers Detailed Explanation
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The following question based on indian political, socio economic panorama & issues (national) topic of general awareness mcq
- The Union Cabinet has given its approval to constitute the 21st Law Commission of India (LCI).
- This will have a period of one year.
- The Law Commission of India (LCI) is a statutory and constitutional body.
(a) 1 and 3 only
(b) 2 and 3 only
(c) 1 only
(d) All of these
The correct answers to the above question in:
Answer: (c)
The 21st LCI will have a period of 3 years with effect from 1 September 2015 to 31 August 2018.
It is a non-statutory and non-constitutional body constituted by the Union Government from time to time.
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Read more indian political socio economic panorama issues Based General Awareness Questions and Answers
Question : 1
Which of the following statements are correct regarding Insurance Law (Amendment) Bill?
- It seeks to increase the FDI cap in insurance to 49%.
- Investment proposal beyond 26% to be approved by FIPB
- Voting rights of foreign partner is capped at 49%.
- The management control will be shared by the Indian and foreign investors.
a) 1 and 4 only
b) 2 and 3 only
c) 1 and 2 only
d) All of these
Answer »Answer: (c)
Voting rights of foreign partner is capped at 26%.Indian investors will retain the management control.
Question : 2
‘Vanaj’ which was recently conducted in New Delhi was a
a) National Food Fair
b) National Youth Festival
c) National Handicraft Fair
d) National Tribal Festival
Answer »Answer: (d)
The Ministry of Tribal Affairs held National Tribal Festival ‘Vanaj’ in New Delhi. The festival aimed to promote tribal culture and uplift the quality of tribal lives.
Question : 3
Which of the following statements are correct about Venture Capital Fund for Scheduled Castes Scheme?
- Industrial Finance Corporation of India (IFCI) Limited will be the Sponsor this scheme.
- Union Ministry of Social Justice and Empowerment will provide assistance of Rs. 15 crore each to 30 persons a year in the form of loan.
- Atleast 40% of beneficiaries will be women.
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only
d) All of these
Answer »Answer: (c)
There is no such provision in the scheme.
Question : 4
Which of the folloiwing statements regarding Bureau of Energy Efficiency (BEE) are correct?
- It is an agency of Government of India working under the Ministry of Environment and Forests
- It was formed in the year 2002
- The primary objective of the agency is to reduce energy intensity in the economy.
- Presently, Ajay Mathur is the chairperson of the agency
a) 2, 3 and 4 only
b) 1 and 3 only
c) 1, 2 and 3 only
d) All of these
Answer »Answer: (a)
Agency is an autonomous body under the Ministry of Power.
Question : 5
Which of the following states have female sex ratio more than 1000 per 1000 males?
- Kerala
- Tamil Nadu
- Pudducherry
- Meghalaya
a) 2 and 3 only
b) 2 and 4 only
c) 1 and 3 only
d) 2, 3 and 4 only
Answer »Answer: (c)
Tamil Nadu and Meghalaya have sex ratio less than 1000 females to 1000 males.
Question : 6
Who among the following has been appointed as Chief Economic Adviser of India?
a) SS Mundra
b) Arvind Subramanian
c) Urjit Patel
d) H R Khan
Answer »Answer: (b)
US based economist Arvind Subramanian has been selected as chief economic adviser.
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