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

Question : 1

Recently, Reserve Bank of India has imposed monetary penalty on two banks due to violation of Know Your Customer (KYC norms). Which of the following are those banks?

a) ICICI Bank and State Bank of Patiala

b) State Bank of Patiala and Yes Bank

c) ICICI Bank and Bank of Baroda

d) HDFC Bank and IDBI Bank

Question : 2

Consider the following statements about 'Pradhan Mantri Jan Dhan Yojana'.

1. It was launched on 15th August 2014.
2. Every individual who opens a bank account will become eligible to receive an accident insurance cover of up to ` 1 Lakh for his entire family.
3. An additional ` 30,000 life insurance cover will be provided for those opening bank accounts before January 26, 2015

a) 2 only

b) 3 only

c) 1, 2 only

d) All of the above

Question : 3

Below mentioned women are included in Asia’s 50 Power Businesswomen 2015 list released by Forbes. Which of the following pairs are correctly matched? Businesswomen Associated with

1. Arundhati Bhattacharya StateBank ofIndia
2. Chanda Kochchar ICICI Bank
3. Kiran Mazumdar Shaw Axis Bank
4. Akhila Srinivasan Biocon

a) 2 and 3 only

b) 3 and 4 only

c) 1 and 2 only

d) 2 and 4 only

Question : 4

Which of the following are the correct features of the Small Factories (Regulation of Employment and Conditions of Services) Bill, 2014?

1. The factories covered under the bill will have to register within 60 days of commencement of business
2. The employer can pay to employee through cash, cheque or account transfer
3. The chief inspector will be authorised to cancel the registration of a factory
4. The sacking procedure has been eased

a) 1, 3 and 4 only

b) 2 and 4 only

c) 1 and 2 only

d) All of the above

Question : 5

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 : 6

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