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 : 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.
Codes:

(a) 3 and 4 only

(b) 1 and 3 only

(c) 1, 2 and 4 only

(d) 2, 3 and 4 only

The correct answers to the above question in:

Answer: (c)

Payment Banks will be allowed to issue ATM or debit cards but not credit cards.

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

Question : 1

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

Answer: (a)

One of the main deliverables of Mausam project is nomination of maritime cultural landscapes across the Indian Ocean as a trans-national property on the World Heritage List of UNESCO.

Question : 2

Which of the following statements are correct regarding Pradhan Mantri Kaushal Vikas Yojana (PMKVY)?

  1. It has been launched by the Ministry of Human Resource Development.
  2. The scheme will be implemented with an outlay of 1, 500 crore rupees.
  3. Centre and state will contribute the funds in the ratio of 75:25.
Codes:

a) 2 only

b) 1 and 2 only

c) 1 only

d) 1 and 3 only

Answer: (a)

The scheme will be implemented by the Ministry of Skill Development and Entrepreneurship with 100% contribution by the central government.

Question : 3

Which of the following statements are correct?

  1. The first Renewable Energy Global Investors Meet and Expo (Re-Invest) 2015 has been launched in New Delhi.
  2. Renewable sources contribute around 6% in the total power produced in India.
  3. After hydro power, solar power is the major contributor in India’s renewable energy production.
Codes:

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) None of these

Answer: (b)

Solar power is the second major contributor in India’s renewable energy production.

Question : 4

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
Codes:

a) 1 and 4 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 3 and 4 only

Answer: (a)

Rajya Sabha has limited power in case of money bill. Constitution Amendment Bill should be passed by both the Houses separately.

Question : 5

Which government has honoured Dr. Manmohan Singh with “Grand Cordon of the order of Paulownia Flowers”?

a) Thailand

b) China

c) Vietnam

d) Japan

Answer: (d)

Dr. Manmohan Singh has been honoured with the award for his contribution in boosting IndoJapanese ties.

Question : 6

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

a) Manipuri

b) Kathak

c) Kathakali

d) Bharatnatyam

Answer: (b)

Sitara Devi, who was the recipient of Sangeet Natak Academi Award, Padma shree and Kalidas Samman, died at the age of 94 on November 25, 2014.

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