indian political, socio economic panorama & issues (national) MCQ section 6 MCQ Questions & Answers Detailed Explanation

Question : 1

With reference to IDFC Bank recently inaugurated by Prime Minister Narendra Modi in New Delhi, which of the following is/are not correct?

a) It was incorporated in 2007.

b) It founded a non-operative financial holding company (NOFHC) in 2014 to manage its five subsidiaries IDFC Bank, IDFC MF, IDFC Alternatives, IDFC IDF & IDFC Securities

c) It is an Indian Banking company with headquarters in Mumbai.

d) It was granted a universal banking license in July 2015 by the Reserve Bank of India (RBI).

Question : 2

Which of the following statements are correct regarding National Minorities Development and Finance Corporation (NMDFC)?

1. It works under the aegis of Ministry of Minority Affairs.
2. It is a public enterprise with centre holding 51% shares.
3. It provides loans at lower interest rates for self-employment to backward sections of the minority communities.
4. Muslims, Christians, Sikhs, Buddhists, Jains and Parsis are covered under this scheme.

a) 1, 3 and 4 only

b) 3 and 4 only

c) 1 and 2 only

d) All of these

Question : 3

Consider the following statements given below, and choose the Statement (s) which is/are correct?

1. National development and reform commission is an institution modelled on the Lines of Planning commission of Nepal.
2. Planning commission has been replaced with National development and Reform commission which will be more promising.

a) Only 2

b) Both 1 and 2

c) Only 1

d) Neither 1 nor 2

Question : 4

Which of the following statement(s) is/are regarding the Ninth Edition of the National Health Profile, 2013 are correct?

1. Percentage of Public Funds in health sector is more than 50%.
2. Uttar Pradesh reported the maximum number of foeticide and infanticide cases.

a) 2 Only

b) 1 and 2 both

c) 1 Only

d) None

Question : 5

Which among the following states has been awarded the 10th national award for excellent work in Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)?

a) Gujarat

b) Madhya Pradesh

c) Himachal Pradesh

d) Maharashtra

Question : 6

Consider the following statements:

1. The Reserve Bank of India (RBI) on 4 March 2015 has cut down repo rate by 25 basis points to 7.5 percent from 7.75 percent, with immediate effect.
2. RBI has Changed cash reserve ratio (CRR) to 4 percent.

a) 2, only

b) Both 1 and 2

c) 1 , only

d) None of the above