indian political, socio economic panorama & issues (national) MCQ section 7 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 : Consider the following statements:
  1. State-run insurance giant GIC will provide a Financial Assistance of Rs 1.5 lakh crore to Indian Railways for developing infrastructure.
  2. The investment will be done in the form of bonds issued by various railway entities such as the Indian Railways Finance Corporation (IRFC).
  3. There will be a 5-year moratorium in interest and loan repayment. The rate will be linked to a 10-year benchmark plus 10 basis points.
  4. From the Financial Year 2015-16 the financial assistance will be made available by LIC for over a period of 5 years as part of its commercial decision.
Which of the statements given above is/are correct?

(a) 2,3 and 4 only

(b) 3 only

(c) 1 ,2 and 3 only

(d) All of the above

The correct answers to the above question in:

Answer: (a)

State-run insurance giant LIC will provide a Financial Assistance of Rs 1.5 lakh crore to Indian Railways for developing infrastructure.

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Read more indian political socio economic panorama issues Based General Awareness Questions and Answers

Question : 1

Who among the following retired Judges of the Supreme Court is/was the first to be appointed as the Governor of a state in India?

a) Justice P. Sathasivam

b) Justice Fathima Beevi

c) Justice Mohammed Hidayatullah

d) Justice Lalit Mohan Sharma

Answer: (b)

Justice Fathima Beevi was the first retired judge of the supreme court to be appointed as the Governor of a state in India whereas Justice P. Sathasivam became the first retired CJI to hold the position of the Governor.

Question : 2

Who among the following are the members of the National Development Council (NDC)?

  1. Prime Minister
  2. Home Minister
  3. Finance Minister
  4. Attorney General of India
  5. Chief Ministers of all states
Codes:

a) 1, 2, 3 and 5 only

b) 1 and 3 only

c) 1, 2 and 3 only

d) All of these

Answer: (a)

NDC comprises of the Prime Minister, all cabinet ministers, and chief ministers and finance ministers of all states. New body replacing Planning Commission may become a part of NDC.

Question : 3

RBI has recently eased the restriction on export and import of bank notes of 1,000 and 500 denominations to which of the following countries?

  1. Bangladesh
  2. Bhutan
  3. Nepal
  4. Srilanka
Codes

a) 3 and 4 only

b) 2 and 3 only

c) 1 and 2 only

d) 2 and 4 only

Answer: (b)

RBI haslifted ban on carrying Indian bank notes of `1,000 and 500 denominations to and from Nepal, Bhutan.

Question : 4

Name the platform launched by the government in association with social networking service Twitter to facilitate direct communication between leaders, government agencies and citizens?

a) Social Samvad

b) Twitter Samvad

c) Twitter Samadhan

d) Pragati

Answer: (b)

The service was launched by Prime Minister Narendra Modi during afterhis meeting with Twitter Chief Executive Dick Costolo in New Delhi.

Question : 5

Who among the following is the chairman of the recently constituted 7th Pay Commission?

a) C. Rangarajan

b) Justice B.N.Srikrishna

c) Dr Rathin Roy

d) Justice Ashok Kumar Mathur

Answer: (d)

Justice Ashok Kumar Mathur former Supreme Court Justice Ashok Kumar Mathur has been appointed as the Chairman of the 7th Pay Commission.

Question : 6

Who has been appointed as the Managing Director of Renault Nissan Automotive India?

a) Akirai Sakurai

b) Carlos Ghosn

c) Colin Macdonald

d) Toshihiko Sano

Answer: (c)

Colin Macdonald has been appointed as the Managing Director of Renault Nissan Automotive India. He will replace Toshihiko Sano.

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