indian political, socio economic panorama & issues (national) MCQ section 4 MCQ Questions & Answers Detailed Explanation

Question : 1

Which of the following statements are correct regarding Insurance Regulatory and Development Authority of India (IRDA)?

1. It is an advisory body.
2. It was created by an act passed in 1999.
3. The headquarter of IRDA is located in Hyderabad.

a) 2 and 3 only

b) 3 only

c) 1 and 2 only

d) All of these

Question : 2

Consider the following statements about the approval of the ratification and submitting of theArticles ofAgreement (AoA) of the Asian Infrastructure Investment Bank (AIIB) by the government.

1. India will be the second-biggest shareholder with 18.4 percent stake.
2. Russia will have a 16.5 percent stake.
3. AIIB will help India to raise and avail resources for its infrastructure and sustainable development projects.
4. It will enable India to play a prominent role in the governance of a multilateral institution.

a) 2 only

b) 1 & 2 only

c) 2 & 4 only

d) 3 only

Question : 3

The Current CRR is ______.

a) 4%

b) 5%

c) 6%

d) 7%

Question : 4

Which among the following states has recently signed a pact with the International Crop Research Institute for the Semi-Arid Tropics (ICRISAT) to boost sustainable farming in the state?

a) Maharashtra

b) Rajasthan

c) Madhya Pradesh

d) Andhra Pradesh

Question : 5

How many Mega food parks were approved by union government for food processing across the country in 2015?

a) 18

b) 17

c) 16

d) 15

Question : 6

Which among the following insurance companies has announced an insurance plan to have life cover upto the age of 100 years?

a) MaxBupa

b) IDBI Federal

c) ICICI Lombard

d) LIC