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
(a) National Food Fair
(b) National Youth Festival
(c) National Handicraft Fair
(d) National Tribal Festival
The correct answers to the above question in:
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.
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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 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 : 2
Which of the following statements are correct?
- Repo Rate (presently 8 percent) is the rate at which banks borrow funds from RBI.
- Cash Reserve Ratio (Presently 4 percent) is the portion of total deposits of customers which the commercial banks have to hold as reserves with RBI.
- Reverse Repo Rate is greater than Repo Rate.
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only
d) All of these
Answer »Answer: (c)
Reverse Repo Rate (presently 7 percent) is less than Repo Rate. RBI borrows money from the commercial banks at Reverse Repo Rate.
Question : 3
Consider the following Statements:
- Arun Jaitley is a member of the Board of Governors of the Asian Development Bank (ADB).
- Asian Development Bank is based in Phillippines.
a) 2 Only
b) 1 and 2 Both
c) 1 Only
d) None
Answer »Answer: (c)
Arun Jaitley has been appointed as the member of the Board of Governors of the Asian Development Bank (ADB). He replaced P. Chidambaram.
Question : 4
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 : 5
Which of the following statements is/are correct?
- 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
Answer »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.
Question : 6
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.
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