indian political, socio economic panorama & issues (national) MCQ section 7 MCQ Questions & Answers Detailed Explanation

Question : 1

On which of the following bills can President summon the joint sitting of two Houses of Parliament, in case of a deadlock?

1. Ordinary Bill
2. Money Bill
3. Constitution Amendment Bill
4. Finance Bill

a) 1 and 4 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 3 and 4 only

Question : 2

Which of the following are the guidelines issued by the Reserve Bank of India in November 2014 for Licensing of Payments Banks?

1. Existing non-bank Pre-paid Payment Instrument (PPI) issuers, mobile firms and supermarket chains etc will be allowed to work as payment banks.
2. Payment Banks will initially be restricted to hold a maximum balance of 1 lakh rupees per individual customer
3. Payment Banks will not be allowed to issue ATM or debit cards.
4. These banks will need to maintain the Cash Reserve Ratio (CRR) with the Reserve Bank of India.

a) 3 and 4 only

b) 1 and 3 only

c) 1, 2 and 4 only

d) 2, 3 and 4 only

Question : 3

China has expressed its readiness to work with India to link its ambitious Maritime Silk Road plans with India’s ______ Project.

a) Mausam

b) Indradhanush

c) Bullet Train

d) Udaan

Question : 4

Sitara Devi, was best known for which of the following dance?

a) Manipuri

b) Kathak

c) Kathakali

d) Bharatnatyam

Question : 5

Consider the following statements:

1. National Mission for a Green India aims for afforestation at 10 million hectares of land over the next decade in order to increase and improve the country’s forest cover
2. Union Government has merged Green India Mission (GIM) with the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) Scheme.

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither of the above

Question : 6

According to RBI, which of the following are the criteria to designate banks as Domestic Systemically Important Banks (D-SIBs)?

1. It should have a size beyond 1 per cent of GDP
2. Interconnectedness
3. lack of readily available substitutes
4. its complexity

a) 1 and 4

b) 2, 3 and 4

c) 1, 2 and 3

d) 1, 2, 3 and 4