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 : The Foreign Investment Promotion Board (FIPB) has recently cleared 74% foreign holding in which of the following bank?

(a) HDFC

(b) ICICI

(c) Axis Bank

(d) Yes Bank

The correct answers to the above question in:

Answer: (a)

Banks can have upto 49% foreign investment without regulatory approval, but above that the banks require approval from RBI and FIPB.

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Question : 1

Which of the following statements are correct about Asian Infrastructure Investment Bank (AIIB)?

  1. The headquarter of the bank will be in Beijing.
  2. India is among the founding member of the bank.
  3. Japan will be the second largest share holder of AIIB after China.
Codes:

a) 2 and 3 only

b) 1 and 3 only

c) 1 and 2 ony

d) All of these

Answer: (c)

Japan will be the second largest share holder of AIIB after China.

Question : 2

Which of the following statements are correct?

  1. India and Nepal has signed an agreement to construct hydropower plant on Arun River which flows through Nepal and India.
  2. Satluj Jal Vidyut Nigam will construct this mega power plant
  3. 22 per cent of the power generated from the plant could be used by Nepal free of cost.
Codes:

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) None of these

Answer: (b)

Arun river flows through China and Nepal.

Question : 3

Consider the following statements about the recently signed a Memorandum of Understanding (MoU) for constructing a Petroleum Product Pipeline between India and Nepal:

  1. It will be built from Raxaul in India to Amlekhgunj in Nepal.
  2. The 41 km pipeline (39 km in India and 2 km in Nepal) will initially supply Petrol, Diesel and Kerosene.
  3. This would be the first transnational petroleum pipeline in South Asia.
  4. It will be constructed by Indian Oil Corporation at a cost of 200 crore rupees from its own budget.
Which of the statements given above is/are not correct?

a) 1, 3 & 4

b) 2 only

c) 2 & 4 only

d) 1, 2 & 3

Answer: (b)

The 41 km pipeline (2 km in India and 39 km in Nepal) will initially supply Petrol, Diesel and Kerosene.

Question : 4

A new 24×7 channel called Arun Prabha is proposed to be started which would act as a platform?

a) for cultural and linguistic identity of the North-East.

b) to showcase success of the Indians all over the world.

c) for culture of tribal people all over India.

d) for all art forms related to Indian culture.

Answer: (a)

Arun Prabha, which would be a 24x7 channel, will act as a platform for cultural and linguistic identity of the North-East

Question : 5

Which of the following statements are correct about “Make in India” campaign?

  1. All Central government services to be integrated with an e-Biz single window online portal
  2. Expert group from DIPP and FICCI to be set up to propose reforms to the Centre and states.
  3. States are recommended to initiate the selfcertification
  4. Home Ministry to provide all security clearances to investment proposals within 3 months.
Codes:

a) 3 and 4 only

b) 2 and 4 only

c) 1, 2 and 3 only

d) All of these

Answer: (d)

Make in India campaign focus to make investments hassle-free and reduce time in giving clearance to various projects.

Question : 6

Which state has become first to fix minimum educational qualification for panchayat polls?

a) Karnataka

b) Kerala

c) Gujarat

d) Rajasthan

Answer: (d)

Rajasthan state legislative assembly passed the Panchayati Raj Amendment Bill 2015 fixing minimum educational qualifications for contesting Panchayat polls in the state.

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