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 : 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.
Codes

(a) 2 and 3 only

(b) 3 only

(c) 1 and 2 only

(d) All of these

The correct answers to the above question in:

Answer: (a)

IRDA is an autonomous statutory body. Insurance Regulatory and Development Authority was renamed as Insurance Regulatory and Development Authority of India on 30 December 2014.

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Question : 1

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.
Which of the statements given above is/are not correct?

a) 2 only

b) 1 & 2 only

c) 2 & 4 only

d) 3 only

Answer: (b)

India will be the second-biggest shareholder with 8.4 percent stake followed by Russia which will have a 6.5 percent stake.

Question : 2

The Current CRR is ______.

a) 4%

b) 5%

c) 6%

d) 7%

Answer: (a)

Question : 3

Consider the following statements:

  1. Union Government has released ‘Digital Gender Atlas for Advancing Girls Education’ a web-based tool for advancing girls education.
  2. It was unveiled by Department of Higher education of the Union Ministry of Human Resources Development (HRD) in New Delhi.
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither of the above

Answer: (c)

It was unveiled by the Department of School Education and Literacy in the Union Ministry of Human Resources Development (HRD) in New Delhi.

Question : 4

Which of the following statements are correct regarding Deendayal Upadhyay Shramev Jayate Karyakram?

  1. Apprentice Protsahan to be started
  2. Revamped Rashtriya Swasthya Bima Yojana (RSBY) for the workers in the unorganized sector will be implemented
  3. It provides portability for Employees’ Provident Fund Account Holders
Codes:

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of the above

Answer: (d)

The aim of the scheme is to create conducive environment for industrial development and doing business with ease

Question : 5

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

Answer: (d)

ICRISAT will assist Andhra Pradesh in making agriculture sustainable and profitable by increasing productivity of agriculture and allied sectors.

Question : 6

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

Answer: (b)

Union Government has approved 17 mega food parks for food processing across the country. The scheme aims at facilitating the establishment of a strong food processing industry in the country.

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