indian political, socio economic panorama & issues (national) MCQ section 5 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 : What type of tax has been abolished with a CESS in this budget 2015-16?

(a) Wealth Tax

(b) Transaction Tax

(c) Income Tax

(d) Entertainment Tax

The correct answers to the above question in:

Answer: (a)

Wealth tax has been replaced with a 2% cess on super rich individuals

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Question : 1

Consider the following statements:

  1. RBI has lowered Statutory Liquidity Rate (SLR) by 0.50% in its June review.
  2. Reduction in SLR helps in increasing credit availability in the market
Which of the above statement(s) is/are correct?

a) 2 Only

b) 1 and 2 Both

c) 1 Only

d) None

Answer: (b)

The reduction in SLR increases the liquidity in the market as banks have more money in hand and can provide more credit.

Question : 2

In which country, has the Indian Prime Minister inaugurated the first of the eight Coastal Surveillance Radar Systems (CSRS) being set up by India?

a) Maldives

b) Seychelles

c) Mauritius

d) Sri Lanka

Answer: (b)

During PM’s visit to Seychelles the two nations signed four agreements for cooperation in hydrography, renewable energy, infrastructure development and hydro-graphic survey.

Question : 3

Cabinet Committee on Economic Affairs (CCEA) has recently approved four highway projects in which of the following states?

  1. Uttar Pradesh
  2. Madhya Pradesh
  3. Odisha
  4. Chhattisgarh
Codes

a) 1, 2 and 4 only

b) 3 and 4 only

c) 1, 2 and 3 only

d) All of these

Answer: (a)

CCEA has approved six laning of ChakeriAllahabad section and Handia-Varanasi section in UP, Baleshwar-Chandikhole section in Odisha and Raipur-Bilaspur section in Chhattisgarh.

Question : 4

Which of the following statements are correct regarding Pradhan Mantri Gram Sadak Yojana?

  1. The scheme is fully funded by the central government.
  2. It is managed by the National Rural Roads Development Agency.
  3. The villages under Saansad Adarsh Gram Yojana will get priority in the selection of roads for new connectivity.
Codes:

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these

Answer: (d)

The union government has recently revised the guidelines for the scheme. It accord priority in the selection of roads for new connectivity to those villages which are being developed under Saansad Adarsh Gram Yojana.

Question : 5

Who is the author of the book “Recasting India: How Entrepreneurship is Revolutionizing the World’s Largest Democracy”?

a) Chinu Modi

b) C.N. Ramachandran

c) Hindol Sengupta

d) James Grant

Answer: (c)

The book written by Hindol Senguptahas been shortlisted for the prestigious Hayek Prize-2015.

Question : 6

Which of the following is correct about SC & ST (Prevention of Atrocities) Amendment Bill 2014?

  1. The bill seeks to amend parent law i.e. the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act, 1989.
  2. It aims to prohibit the commission of offences against members of the SCs and STs and adds provisions for establishing special courts.
  3. The bill adds a new chapter dealing with the rights of victims and witnesses.
Codes:

a) 2 and 3 only

b) 1 and 2only

c) 2 only

d) All of these

Answer: (d)

Lok Sabha passed The Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Bill, 2014.

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