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
- RBI has lowered Statutory Liquidity Rate (SLR) by 0.50% in its June review.
- Reduction in SLR helps in increasing credit availability in the market
(a) 2 Only
(b) 1 and 2 Both
(c) 1 Only
(d) None
The correct answers to the above question in:
Answer: (b)
The reduction in SLR increases the liquidity in the market as banks have more money in hand and can provide more credit.
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Read more indian political socio economic panorama issues Based General Awareness Questions and Answers
Question : 1
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 »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 : 2
Cabinet Committee on Economic Affairs (CCEA) has recently approved four highway projects in which of the following states?
- Uttar Pradesh
- Madhya Pradesh
- Odisha
- Chhattisgarh
a) 1, 2 and 4 only
b) 3 and 4 only
c) 1, 2 and 3 only
d) All of these
Answer »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 : 3
Which of the following statement(s) is/are correct?
- The maximum limit for an MSME (Micro, Small and Medium Enterprises) in service sector is Rs. 10 crore
- The growth rate of MSMEs in 11th five year pln was more than 10%.
- MSMEs count for more than one-third of exports from India
a) 1 and 2 only
b) 1 and 3 only
c) 1 only
d) 2 and 3 only
Answer »Answer: (d)
The maximum limit for an MSME in service sector is Rs. 5 crore and for manufacturing is Rs 10 crore.
Question : 4
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
Answer »Answer: (a)
Wealth tax has been replaced with a 2% cess on super rich individuals
Question : 5
Which of the following statements are correct regarding Pradhan Mantri Gram Sadak Yojana?
- The scheme is fully funded by the central government.
- It is managed by the National Rural Roads Development Agency.
- The villages under Saansad Adarsh Gram Yojana will get priority in the selection of roads for new connectivity.
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only
d) All of these
Answer »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 : 6
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 »Answer: (c)
The book written by Hindol Senguptahas been shortlisted for the prestigious Hayek Prize-2015.
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