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

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Questions : Which of the following statements are correct regarding Credit Suisse emerging consumer scorecard 2015?
  1. The scorecard was prepared by fifth annual Emerging Consumer Survey by the Credit Suisse Research Institute.
  2. India has topped the list among nine emerging economies.
  3. e-commerce share in India have increased to 32 per cent from 20 per cent in 2013.
Codes

(a) 1 and 3 only

(b) 2 and 3 only

(c) 1 and 2 only

(d) All of these

The correct answers to the above question in:

Answer: (d)

The survey provides insights regarding consumer sentiment and future consumption patterns in emerging economies. India improved itsrank from fourth to first.

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Question : 1

Which of the following are the features of Deen Dayal Upadhyaya Grameen Kaushalya Yojana?

  1. The minimum age for entry in skill development programme is 15 years.
  2. Private agencies will be promoted to impart skills to the rural youth
  3. Youth belonging to only Below the Poverty Line (BPL) households will be benefitted under the scheme.
Codes:

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) 1, 2 and 3

Answer: (c)

The scheme is not limited to the youth of BPL households.

Question : 2

Which of the following are the recommedations of the Law Commision headed by Justice A.P. Shah?

  1. To introduce “cooling off” period for retired judges before they accept the position offered by the government.
  2. To fix the same retirement age of 65 years for the judges of Supreme court and the High courts
  3. To fix the tenure of the Chief Justice of India to minimum two years
Choose the correct option from the codes given below:

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these

Answer: (d)

Justice A.P. Shah chaired Law Commission has recommended fixed tenure for CJI along with fixing 65 years as the retiring age for supreme court and High courts judges. It also suggested a cooling off period for judges before taking any government position post-retirement.

Question : 3

India signed loan agreement with ___________ for Mizoram State Roads Project (MSRP II).

a) World Bank

b) Asian Development Bank

c) International Monetary Fund

d) UNDP

Answer: (a)

India signed this agreement with World Bank, according to which soft loan window of World Bank, International Development Agency (IDA) will provide assistance of 107 million US dollars for the Project.

Question : 4

Consider the following statements:

  1. Six Indian women entrepreneurs and businesswomen have been named by Fortune as among the 50 ‘Power Businesswomen’ from Asia.
  2. Kiran Mazumdar Shaw is the MD of Shriram Capital.
  3. Shikha Sharma is the MD of Life Insurance Corporation of India (LIC).
Which of the statements given above is/are correct?

a) 1 and 3 only

b) All of the above

c) 1 and 2 only

d) None of the above

Answer: (d)

Six Indian women entrepreneurs and businesswomen have been named by Forbes magazine as among the 50 ‘Power Businesswomen’ from Asia. Kiran Mazumdar Shaw- Chairman & MD of Biocon. Shikha Sharma- CEO of Axis Bank.

Question : 5

Which one of the following has been appointed as the Governor of Kerala, the former Chief Justice of India?

a) Justice S.H. Kapadia

b) Justice Altamas Kabir

c) Justice P. Sathasivam

d) Justice K.G.Balakrishnan

Answer: (c)

Justice P.Sathasivam has been appointed as the Governor of Kerala, after the resignation of Mrs. Sheila Dixit, who was the former Chief Minister of Delhi.

Question : 6

Which of the following statements are correct regarding Sukanya Samridhi Yojna?

  1. It has been started under Beti Bachao Beti Padhao (BBBP) campaign.
  2. All the girls under 18 years of age can open Sukanya Samridhi Account.
  3. A minimum of ` 1000 needs to be deposited every year in the account.
  4. The government deposits ` 1000 every year in the account.
Codes

a) 1 and 4 only

b) 2, 3 and 4 only

c) 1, 2 and 3 only

d) All of these

Answer: (c)

A minimum of one thousand Rupees and maximum of One lakh fifty thousand rupees can be deposited annually, upon which interest of 9.1% will be accrued.

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