indian political, socio economic panorama & issues (national) MCQ section 4 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. After acceptance of Mayaram panel report, any investment more than 10% would be treated as FDI
  2. Qualifies Foreign Investors (QFIs) are also a part of FDI.
Which of the above statement(s) is/are correct?

(a) 2 Only

(b) 1 and 2 Both

(c) 1 Only

(d) None

The correct answers to the above question in:

Answer: (c)

QFIs comes under Foreign Portfolio Investment (FPI).

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

Question : 1

Green PHABLET, a customised low-cost combination of phone and tablet computer, has been launched with the aim to empower

a) Hilly Areas

b) Women

c) Students

d) Farmers

Answer: (d)

The device aims to empower small farmers who own small plots of land by providing them with precise information related to agriculture and help them purchase inputs at lower prices.

Question : 2

The Union Government has set a target to achieve literacy rate in the country by 2017 :

a) 85%

b) 78%

c) 80%

d) 82%

Answer: (c)

The Union Government of India announced that it has set a target to achieve 80% literacy rate in the country by 2017. The literacy rate of the country at present is 74%.

Question : 3

Which of the following statements are correct?

  1. India has recently signed an agreement on Mutual Protection of Classified Information with France.
  2. The agreement has paved the way for deeper negotiation and enhancing defence cooperation.
Codes:

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 Nor 2

Answer: (a)

The agreement has been signed with Spain. It will deepen the defence cooperation between the two nations.

Question : 4

Which of the following are the features of the Insurance Laws (Amendment) Bill being introduced in the parliament?

  1. The bill allows 49% foreign stakes in insurance firms, which may include both foreign direct investment (FDI) and foreign portfolio investment.
  2. The limit for paid-up capital for health insurance firms is Rs 100 crore.
  3. The management of an insurance company can be in foreign hands.
Codes:

a) 1 and 2 only

b) 2 and 3 only

c) 1 only

d) All of these

Answer: (a)

The bill retains the condition that management and control of the company has to remain in Indian hands.

Question : 5

The first Indian to become the Chairperson of ICC is?

a) Lalit Modi

b) N. Srinivasan

c) Sunil Gavaskar

d) Kapil Dev

Answer: (b)

N. Srinivasan has been appointed as the first Chairman of ICC.

Question : 6

Which of the following statements is/are correct about ‘Swachh Bharat Kosh’?

  1. Funds will be used for improving cleanliness levels only in rural areas.
  2. It will be under the Ministry of Rural Development.
  3. Its functioning will be monitored on quarterly basis by Union Minister of Agriculture.
Which of the statements given above is/are correct?

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) None of the above

Answer: (d)

Funds will be used for improving cleanliness levels in rural and urban areas, including in schools. It will be under the Ministry of Finance and will be managed by a Governing Council headed by Expenditure Secretary.

Its functioning will be monitored on a quarterly basis by the Finance Minister and by the Prime Minister from time to time.

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