indian political, socio economic panorama & issues (national) MCQ section 6 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

Questions : Which of the following statements are correct about Surajkund International Crafts Mela, Faridabad?
  1. This year is the 29th edition of the fair.
  2. Jordan is the Partner Nation in the fair.
  3. The theme state of this year is Chhattisgarh.
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: (a)

Lebanon is the Partner Nation of this year’s fair.

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Question : 1

Which of the following country is the largest economy in Purchasing Power Parity (PPP)?

a) China

b) Luxemberg

c) USA

d) Switzerland

Answer: (a)

According to October 2014 update of the International Monetary Fund (IMF), China has overtook the US to become the world’s largest economy in Purchasing Power Parity (PPP) terms.

Question : 2

With reference to the government’s smart cities project, consider the following statements:

  1. There are four broad criteria and a total of 13 Subcriteria to determine smart cities
  2. The government will give 10 crore rupees each for the smart city plan
  3. The selected cities include 12 cities from Uttar Pradesh
  4. Jammu and Kashmir is not included in the plan
Which of the statements given above is/are correct?

a) 1, 3 & 4

b) 1 & 2 only

c) 2 & 4 only

d) 1, 2 & 3

Answer: (a)

Government will release two crore rupees each for the cities for the preparation of the smart city plan.

Question : 3

Which of the following statements are true regarding e-Biz portal launched by the Indian government recently?

  1. It has been launched by the Finance Ministry.
  2. It will provide single window facility for business transactions and other formalities.
  3. Initially, the portal will be launched in 10 pilot states.
Codes

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these

Answer: (d)

The single window facility will help in bringing transparency. It will improve ease of doing business in the country.

Question : 4

Consider the following statements:

  1. India ranked 78th globally in Global Talent Competitiveness Index (GTCI) 2014 list of 93 countries in terms of talent competitiveness of its human capital.
  2. This GTCI list was compiled by INSEAD business school in partnership with Adecco and Human Capital Leadership Institute of Singapore (HCLI).
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) None of the above

Answer: (b)

Question : 5

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
Codes

a) 2 and 3 only

b) 3 and 4 only

c) 1 and 2 only

d) 2 and 4 only

Answer: (c)

Kiran Mazumdar Shaw is founder and MD of Biocon andAkhila Srinivasan is MD of Shriram Life Insurance. The CEO and MD ofAxis Bank is Shikha Sharma.

Question : 6

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
Which of the statements given above is/are correct?

a) 2 only

b) 3 only

c) 1, 2 only

d) All of the above

Answer: (d)

PM Narendra Modi launched the ambitious ‘Pradhan Mantri Jan Dhan Yojana’ which aims to achieve comprehensive financial inclusion. Mr Modi had announced this scheme in his maiden Independence Day speech on August 15, 2014.

On the very first day, a record 1.5 Crore (15 million) bank accounts were opened under this scheme.

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