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 : Consider the following Statements:
  1. Arun Jaitley is a member of the Board of Governors of the Asian Development Bank (ADB).
  2. Asian Development Bank is based in Phillippines.
Choose the correct statement/s using the following codes:

(a) 2 Only

(b) 1 and 2 Both

(c) 1 Only

(d) None

The correct answers to the above question in:

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.

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Read more indian political socio economic panorama issues Based General Awareness Questions and Answers

Question : 1

Which of the following Indian companies have achieved market capitalization of `5 lakh crore?

a) TCS

b) GAIL

c) ONGC

d) Reliance industries

Answer: (a)

TCS has become the first Indian company to achieve market capitalization of ` 5 lakh crore followed by ONGC at 3.5 lakh crore.

Question : 2

Which of the following are bird sanctuaries?

  1. Sur Sarovar (Keetham) lake
  2. Sultanpur
  3. Periyar
  4. Keoladeo National Park
Codes:

a) 3 and 4 only

b) 2 and 4 only

c) 1, 2 and 3 only

d) 1, 2 and 4 only

Answer: (d)

Periyar is a tiger reserve. Sur Sarovar was recently in news due a case in National Green Tribunal.

Question : 3

Which of the following statements are correct regarding Soil Health Card (SHC) scheme?

  1. The scheme aims to provide information to the farmers about nutrients present in the soil.
  2. It is sponsored jointly by centre and state in the ratio 75:25.
  3. According to health card report, soil nutrients will be provided to the farmers free of cost.
Codes:

a) 1 only

b) 2 and 3 only

c) 1 and 2 only

d) None of these

Answer: (a)

The scheme is fully sponsored by the central government. The scheme plans to target 14 crore farmers in next three years.

Question : 4

Which of the following statements are correct?

  1. Repo Rate (presently 8 percent) is the rate at which banks borrow funds from RBI.
  2. 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.
  3. Reverse Repo Rate is greater than Repo Rate.
Codes:

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these

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 : 5

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 : 6

‘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.

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