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

Questions : Which of the following statements is/are correct?
  1. The Union Cabinet has given its approval to constitute the 21st Law Commission of India (LCI).
  2. This will have a period of one year.
  3. The Law Commission of India (LCI) is a statutory and constitutional body.
Codes:

(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?

  1. It seeks to increase the FDI cap in insurance to 49%.
  2. Investment proposal beyond 26% to be approved by FIPB
  3. Voting rights of foreign partner is capped at 49%.
  4. The management control will be shared by the Indian and foreign investors.
Choose the correct option from the codes given below:

a) 1 and 4 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these

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: (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?

  1. Industrial Finance Corporation of India (IFCI) Limited will be the Sponsor this scheme.
  2. 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.
  3. Atleast 40% of beneficiaries will be women.
Codes

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these

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?

  1. It is an agency of Government of India working under the Ministry of Environment and Forests
  2. It was formed in the year 2002
  3. The primary objective of the agency is to reduce energy intensity in the economy.
  4. Presently, Ajay Mathur is the chairperson of the agency
Codes:

a) 2, 3 and 4 only

b) 1 and 3 only

c) 1, 2 and 3 only

d) All of these

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?

  1. Kerala
  2. Tamil Nadu
  3. Pudducherry
  4. Meghalaya
Codes:

a) 2 and 3 only

b) 2 and 4 only

c) 1 and 3 only

d) 2, 3 and 4 only

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: (b)

US based economist Arvind Subramanian has been selected as chief economic adviser.

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