0

Economic and Social Development - 4

Description: Economic and Social Development - 4
Number of Questions: 25
Created by:
Tags: Economic and Social Development MPSC HPSC HSSC UPPSC TNPSC KPSC OPSC GPSC PPSC JKPSC UPSC CSAT Indian Economy General Knowledge
Attempted 0/25 Correct 0 Score 0

Comprehensive Crop Insurance Scheme was introduced in

  1. April 1985

  2. April 1988

  3. October 1992

  4. October 1993


Correct Option: A
Explanation:

Comprehensive Crop Insurance Scheme was introduced in April 1985. The Government of India had introduced the Comprehensive Crop Insurance Scheme with effect from 1st April 1985. This scheme was introduced with the active participation of State Governments. The Scheme was optional for the State Governments.  

Which state yields the highest production of milk in India?

  1. Haryana

  2. Rajasthan

  3. Punjab

  4. Uttar Pradesh


Correct Option: D
Explanation:

Uttar Pradesh yields the highest production of milk in India. UP is the largest contributor to the national milk production contributing around 18% of total milk production in the country. It has got the second highest cattle population and highest buffalo population in the country.  

Which of the following is not helpful in controlling money supply?

  1. Bank Rate

  2. CRR

  3. Free Market Policy

  4. Change in margin requirement


Correct Option: C
Explanation:

Free Market Policy is not helpful in controlling money supply. A free market is an economic system that allows supply and demand to regulate prices, wages, etc, rather than government.[1] Free markets contrast with controlled markets in which prices, supply or demand are directly or indirectly controlled by government. 

The apex organisation of industrial finance in India is

  1. IDBI

  2. ICICI

  3. RBI

  4. IFCI


Correct Option: A
Explanation:

The apex organisation of industrial finance in India is IDBI. 

Which of the following goods need not be imported in India?

  1. Cotton

  2. Iron ore

  3. Petroleum

  4. Machinery


Correct Option: B
Explanation:

Iron Ore need not be imported in India. Odisha is, after all, one of the country's biggest producers and exporters of iron ore - the critical input for making steel. As all the iron ore needs are met by it so it need not be imported in India. 

Tata Hydro Electric Project is a joint enterprise with

  1. Nepal

  2. Bangladesh

  3. Maldives

  4. Bhutan


Correct Option: D
Explanation:

Tata Hydro Electric Project is a joint enterprise with Bhutan. Tata hydroelectric project is jointly under membership of The Royal Government of Bhutan. 

Which of the rates is not determined by Reserve Bank of India?

  1. Bank Rate

  2. CRR

  3. PLR

  4. SLR


Correct Option: C
Explanation:

PLR is not determined by Reserve Bank of India. The prime lending rate is not determined by the RBI rather by the individual banks only. 

India's National Hydroelectric Power Corporation is establishing 'Tamarthi Power Project' in

  1. Myanmar

  2. Bangladesh

  3. Nepal

  4. Bhutan


Correct Option: D
Explanation:

India's National Hydroelectric Power Corporation is establishing 'Tamarthi Power Project' in Bhutan. NHPC is establishing this power project in Bhutan.

In which crop does India stand first in the world?

  1. Sugarcane

  2. Wheat

  3. Cotton

  4. Rice


Correct Option: A
Explanation:

India stands first in the world in Sugarcane. Before the 18th century, cultivation of sugar cane was largely confined to India. Sugarcane plantations, like cotton farms, were a major driver of large human migrations in the 19th and early 20th century. 

Under new GATT agreements, textile trade related to Multi-Fibre Arrangement (MFA) has to be abolished within

  1. 5 years

  2. 10 years

  3. 15 years

  4. 20 years


Correct Option: B
Explanation:

Under new GATT agreements, textile trade related to Multi-Fibre Arrangement (MFA) has to be abolished within 10 years. At the General Agreement on Tariffs and Trade (GATT) Uruguay Round, it was decided to bring the textile trade under the jurisdiction of the World Trade Organization. The Agreement on Textiles and Clothing provided for the gradual dismantling of the quotas that existed under the MFA. This process was completed on 1 January 2005. However, large tariffs remain in place on many textile products. 

SENSEX is related with the value of a few selected companies. The number of companies is

  1. 300

  2. 30

  3. 150

  4. 100


Correct Option: B
Explanation:

SENSEX is related with the value of a few selected companies. The number of companies is 30. The Sensex represents the composite value of shares of 30 selected companies traded on BSE. The Nifty represents the composite value of shares of 50 companies traded on NSE. 

The headquarters of EEC are in

  1. London

  2. Maastricht

  3. Washington

  4. Brussels


Correct Option: D
Explanation:

The headquarters of EEC are in Brussels. Brussels is considered to be the capital of the European Union, having a long history of hosting the institutions of the European Union within its European Quarter. The EU has no official capital, and no plans to declare one, but Brussels hosts the official seats of the European Commission, Council of the European Union, and European Council, as well as a seat officially the second seat but the most important one of the European Parliament. 

Which state has the greatest number of branches of public sector commercial banks?

  1. Karnataka

  2. U.P

  3. Gujarat

  4. Maharashtra


Correct Option: A
Explanation:

Karnataka has the greatest number of branches of public sector commercial banks. It has various branches of a commercial bank named Vijaya Bank i.e a public sector commercial bank. 

Which Indian Commercial Bank became the first in providing mobile ATM service?

  1. ICICI Bank

  2. HDFC Bank

  3. SBI

  4. IDBI Bank

  5. PNB


Correct Option: A
Explanation:

ICICI bank became the first in providing mobile ATM service. First rural branch and ATM launched in Uttar Pradesh at Delpandarwa, Hardoi.  ICICI Bank launched iMobile, a breakthrough innovation in banking where practically all internet banking transactions can now be simply done on mobile phones. 

What is ‘Open Sky Scheme’?

  1. Tax free policy

  2. Free economy policy

  3. Export promotion scheme of Civil Aviation Ministry

  4. Import policy

  5. None of these


Correct Option: C
Explanation:

‘Open sky scheme’ is export promotion scheme of Civil Aviation Ministry. Open skies is an international policy concept that calls for the liberalization of the rules and regulations of the international aviation industry especially commercial aviation in order to create a free-market environment for the airline industry. 

The oil refinery established at Panipat belongs to

  1. Public Sector

  2. Joint Sector

  3. Co-operative Sector

  4. Private Sector


Correct Option: A
Explanation:

The oil refinery established at Panipat belongs to Public sector. Three major public sector projects include the Indian Oil Corporation oil refinery, the National Fertilizers Limited plant and the thermal power station at Panipat. 

According to the latest amendment in Banking Regulation Act, nationalised bank can release a share of total paid up capital upto a maximum ceiling of

  1. 40%

  2. 49%

  3. 51%

  4. 100%


Correct Option: B
Explanation:

According to the latest amendment in Banking Regulation Act, nationalised bank can release a share of total paid up capital upto a maximum ceiling of 49%. It enables the nationalised banks to increase or decrease the authorised capital with approval from the Central Government and the Reserve Bank without being limited by the ceiling of a maximum of three thousand crores of rupees. 

Which agency/organisation is not related to U.N.O.?

  1. World Meterological Organisation (WMO)

  2. Universal Postal Union (UPU)

  3. International Finance Corporation (IFC)

  4. International Confederation of Free Trade Union (ICFTU)


Correct Option: D
Explanation:

International Confederation of Free Trade Union (ICFTU) is not related to U.N.O. The International Confederation of Free Trade Unions (ICFTU) was an international trade union. It came into being on 7 December 1949 following a split within the World Federation of Trade Unions (WFTU), and was dissolved on 31 October 2006 when it merged with the World Confederation of Labour (WCL) to form the International Trade Union Confederation (ITUC). 

'Golden Handshake Scheme' is associated with

  1. inviting foreign companies

  2. private investment in public enterprises

  3. voluntary retirement

  4. establishing joint enterprises


Correct Option: C
Explanation:

'Golden Handshake Scheme' is associated with voluntary retirement. A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement.

The minimum number of women needed for making a 'Working Group' under DWCRA programme is

  1. 10

  2. 20

  3. 15

  4. No minimum limit


Correct Option: A
Explanation:

The minimum number of women needed for making a 'Working Group' under DWCRA programme is 10. The special scheme for Development of Women and Children in Rural Areas (DWCRA) aims at strengthening the gender component of IRDP. It was started in the year 1982-83, on a pilot basis, in 50 districts and has now been extended to all the districts of the country.

National Renewal Fund was constituted with the objective of

  1. Establishment of small units

  2. Renewal of mines

  3. Rehabilitation of workers removed due to modernisation of industries

  4. Modernisation of industries


Correct Option: C
Explanation:

National Renewal Fund was constituted with the objective of rehabilitation of workers removed due to modernisation of industries. The main scope of it is to provide assistance to cover the costs of retraining and redeployment of employees arising as a result of modernisation, technology upgradation and industrial restructuring. 

Which of the following is not a member of SAARC?

  1. Nepal

  2. Myanmar

  3. Bangladesh

  4. Pakistan

  5. Bhutan


Correct Option: B
Explanation:

Myanmar is not a member of SAARC. Its seven founding members are Sri Lanka, Bhutan, India, Maldives, Nepal, Pakistan and Bangladesh. Afghanistan joined SAARC in 2007. 

National Income estimates in India is prepared by

  1. C.S.O.

  2. Planning Commission

  3. Finance Ministry

  4. RBI


Correct Option: A
Explanation:

National Income estimates in India are prepared by C.S.O. Since 1955 these estimates are prepared by Central Statistical Organisation. The C.S.O has divided the Indian economy into three basic sectors for the purpose of evaluation of data.  

The largest importer country of Indian textiles is

  1. Singapore

  2. USA

  3. Germany

  4. Italy


Correct Option: B
Explanation:

The largest importer country of Indian textiles is USA. The composition of imports of clothing and textiles by USA in 2003 was 80 percent (US $ 71 bn) and 20 percent (US $ 18 bn), respectively. Asia was the principal sourcing region for imports of both textiles and clothing by USA. Latin American region stood at second position with a share of 12 percent (US $ 2.2 bn) and 26 percent (US $ 18.5 bn), respectively, for textiles and clothing imports, by USA. 

The leading Indian company in field of M-cap is

  1. ONGC

  2. Reliance Industries Ltd.

  3. State Bank of India

  4. Indian Oil


Correct Option: B
Explanation:

The leading Indian company in field of M-cap is Reliance Industries Ltd. Reliance Industries Limited (RIL) (BSE: 500325, NSE: RELIANCE, LSE: RIGD) is an Indian conglomerate company headquartered in Mumbai, Maharashtra, India. RIL is one of the largest publicly traded company in India by market capitalisation. 

- Hide questions