indian political, socio economic panorama & issues (national) MCQ section 5 MCQ Questions & Answers Detailed Explanation

Question : 1

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

a) 1, 2 and 4 only

b) 3 and 4 only

c) 1, 2 and 3 only

d) All of these

Question : 2

Which of the following statement(s) is/are correct?

1. The maximum limit for an MSME (Micro, Small and Medium Enterprises) in service sector is Rs. 10 crore
2. The growth rate of MSMEs in 11th five year pln was more than 10%.
3. 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

Question : 3

How many Central Public Sector Enterprises (CPSEs) have been decided to be closed down by the Union Cabinet?

a) 7

b) 8

c) 9

d) 10

Question : 4

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

a) 2 Only

b) 1 and 2 Both

c) 1 Only

d) None

Question : 5

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

Question : 6

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.

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these