0

Economic and Social Development - 1

Description: Economic and Social Development - 1
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 Economy
Attempted 0/25 Correct 0 Score 0

NABARD is

  1. a board

  2. a department

  3. a bank

  4. a block


Correct Option: C
Explanation:

NABARD is a bank. It is the national bank for agriculture and rural development. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. 

As per the Budget Estimates 2010-11, fiscal deficit as a percentage of GDP was

  1. 4.5%

  2. 5·5%

  3. 6%

  4. 5%


Correct Option: B
Explanation:

As per the Budget Estimates 2010-11, fiscal deficit as a percentage of GDP was 5.5%. The fiscal deficit was estimated at Rs. 3.81 Lakh Crores which is 5.5% of GDP of Rs. 69.35 Lakhs Crores estimated by CSP at 2010-11 prices at that time according to the budget estimates.

Kutir Jyoti scheme is associated with

  1. providing electricity to rural families living below the poverty line

  2. promoting cottage industry in villages

  3. promoting employment among rural unemployed youth

  4. All of these


Correct Option: A
Explanation:

Kutir Jyoti scheme is associated with providing electricity to rural families living below the poverty line.

The new share Price Index (in dollar value) of Mumbai Share Market is

  1. Dolex

  2. Forex

  3. Sensex

  4. Urex


Correct Option: A
Explanation:

The new share Price Index (in dollar value) of Mumbai Share Market is Dolex. Dolex primarily serves the Hispanic community-based United States and is in this business since July 1996 and provides customers with low fees, payment to the beneficiary immediately, with the key moment of your receipt and works with banks and paying more competitive for the customer to pay less, and your family gets more.  

The basis of determining dearness allowance to employees in India is

  1. Standard of Living

  2. National Income

  3. Per Capita Income

  4. Consumer Price Index


Correct Option: D
Explanation:

The basis of determining dearness allowance to employees in India is Consumer Price Index. A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households. 

The Headquarters of Asian Development Bank (ADB) are at

  1. Tokyo

  2. Hong Kong

  3. Manila

  4. Singapore


Correct Option: C
Explanation:

The Headquarters of Asian Development Bank (ADB) are at Manila. The Asian Development Bank (ADB), based in Manila, Philippines, is dedicated to reducing poverty in Asia and the Pacific through loans and grants.  

Which pair is not correct?

  1. Rangrajan Committee — Balance of Payment

  2. Rekhi Committee — Simplification of Export and Import

  3. Nanjundappa Committee — Railway fare

  4. Goiporia Committee — Banking Service Improvements


Correct Option: B
Explanation:

Rekhi Committee — Simplification of Export and Import is incorrect. This statement is incorrect because Rekhi Committee represents the structure of indirect taxation and not the simplification of import or export.

Narsimham committee was related to

  1. Tax Structure Reforms

  2. High Education Reforms

  3. Planning Implementation Reforms

  4. Banking Structure Reforms


Correct Option: D
Explanation:

Narsimham committee was related to Banking Structure Reforms. Narsimham Committee I was formed in 1991 and the Narsimham Committee II were reformed in 1998 and are related to banking sector reforms. It recommended reduction in CRR, increase rate in CRR balances, redefining the private sector and many more. 

The Headquarters of World Bank are situated at

  1. New York

  2. Washington D.C

  3. Geneva

  4. Amsterdam


Correct Option: B
Explanation:

The Headquarters of World Bank are situated at Washington D.C. The World Bank's official goal is the reduction of poverty. According to the World Bank's Articles of Agreement as amended effective 16 February 1989, all of its decisions must be guided by a commitment to promote foreign investment, international trade, and facilitate capital investment. 

Indian Planning Commission was constituted in

  1. 1948

  2. 1949

  3. 1950

  4. 1951


Correct Option: C
Explanation:

Indian Planning Commission was constituted in 1950. After India gained independence, a formal model of planning was adopted, and the planning commission, reporting directly to the Prime Minister of India was established. Accordingly, the Planning Commission was set up on 15 March 1950, with Prime Minister Jawaharlal Nehru as the chairman. Planning Commission though is a non statutory as well extra constitutional body, i.e. has been brought by an executive order. 

The nationalisation of the major commercial banks took place in

  1. 1947

  2. 1956

  3. 1969

  4. 1980


Correct Option: C
Explanation:

The nationalisation of the major commercial banks took place in 1969. The nationalisation of banks in India took place in 1969 by Mrs. Indira Gandhi the then prime minister. It nationalised 14 banks then. These banks were mostly owned by businessmen and even managed by them.  

Nirmal Gram Puraskar is associated with

  1. Elementary Education

  2. Rural Drinking Water

  3. Enlarging Forests

  4. Total Sanitation Campaign


Correct Option: D
Explanation:

Nirmal Gram Puraskar is associated with Total Sanitation Campaign. NGP stands for Nirmal Gram Puraskar. To add vigour to the Total Sanitation Campaign (TSC), in June 2003, GoI initiated an incentive scheme for fully sanitized and open defecation free Gram Panchayats, Blocks, and Districts called the Nirmal Gram Puraskar. The incentive pattern is based on population criteria and it varies from Rs.50, 000 to Rs.50 lakh. 

“Operation Flood” programme was introduced in

  1. 1951

  2. 1970

  3. 1975

  4. 1985


Correct Option: B
Explanation:

“Operation Flood” programme was introduced in 1970. Operation Flood was a rural development programme started by India's National Dairy Development Board (NDDB) in 1970. One of the largest of its kind, the programme objective was to create a nationwide milk grid.

Which of these is a credit rating agency in India?

  1. ICRA

  2. CRISIL

  3. CARE

  4. All of these


Correct Option: D
Explanation:

ICRA, CRISIL and CARE all are credit rating agencies in India. All of these are credit rating agencies sponsored by all India Financial Institutions, Banks and have tie ups with many international agencies.  

Agriculture growth rate in year 2010-11 stood at

  1. 4·0%

  2. 6.4%

  3. 5·4%

  4. 5.8%


Correct Option: C
Explanation:

Agriculture growth rate in year 2010-11 stood at 5.3%. India's annual agriculture growth rate slumped in the January-March quarter to a nine-year low of 5.3 percent as the manufacturing sector contracted and a fall in the rupee to a record low suggests the economy remains under pressure in the current quarter. 

'SAPTA' is related to

  1. Environment

  2. Education

  3. Security

  4. Trade


Correct Option: D
Explanation:

'SAPTA' is related to trade. In December 1991, the Sixth Summit held in Colombo approved the establishment of an Inter-Governmental Group (IGG) to formulate an agreement to establish a SAARC Preferential Trading Arrangement (SAPTA) by 1997. 

Tax-GDP ratio in 2010-11 was

  1. 9.4%

  2. 10·2%

  3. 11·7%

  4. 13·3%


Correct Option: A
Explanation:

Tax-GDP ratio in 2010-11 was 9.4%. The latest estimates for FBR tax collections as percentage of GDP suggest an increase from 9.1% in 2008-9 to 9.4% in 2009-10. In 2010-11 budgets MoF said FBR collection will increase from 9.4 % to 9.8 % GDP. The gross Tax/ GDP ratio was 10.6%.

Why did India export Gold to Bank of England U.K. in 1991?

  1. To meet foreign exchange crisis.

  2. India returned U.K. gold.

  3. For investments in British companies.

  4. India returned gold taken as loan from U.K.


Correct Option: A
Explanation:

India export Gold to Bank of England U.K. in 1991 in order to meet foreign exchange crisis. By 1967, India had started having balance of payments problems. By the end of 1990, it was in a serious economic crisis. The government was close to default, its central bank had refused new credit and foreign exchange reserves had reduced to such a point that India could barely finance three weeks' worth of imports. India had to airlift its gold reserves to pledge it with International Monetary Fund (IMF) for a loan. 

Which part of the divided UTI is working as Mutual Fund under SEBI rules?

  1. UTI-I

  2. UTI-II

  3. Both of these

  4. None of these


Correct Option: B
Explanation:

UTI-II is working as Mutual Fund under SEBI rules. UTI-II was brought under SEBI rules and regulations while UTI-I was brought under direct government control since its schemes offered guaranteed returns. 

SJSRY belongs to

  1. Rural areas

  2. Urban areas

  3. Semi-urban areas

  4. All of these


Correct Option: B
Explanation:

SJSRY belongs to urban areas. SJSRY is SWARAN JAYANTI SHAHRI ROJGAR YOJNA. The key objective of the scheme was to provide gainful employment to the urban unemployed or underemployed through the setting up of self-employment ventures. 

Crude oil production in India during 2009-10 has been estimated at

  1. 32·20 million tonnes

  2. 34·21 million tonnes

  3. 35·43 million tonnes

  4. 37·98 million tonnes


Correct Option: D
Explanation:

Crude oil production in India during 2009-10 has been estimated at 37·98 million tones. The domestic crude oil production during 2009-10 has increased by 7 per cent over the last year and a guess is made that it is about 37.98 million tones. 

Railways declared year 2007-08 as

  1. a year of Safety

  2. a year of Cleanliness

  3. a year of Customer Service

  4. a year of Prosperity


Correct Option: B
Explanation:

Railways declared year 2007-08 as a year of Cleanliness. Year 2007 was declared as the 'Cleanliness Year' which is a special campaign to ensure cleanliness in station complexes, passenger trains, railway lines, waiting rooms etc.   

CRISIL

  1. Evaluates the credit documents of a company

  2. Provides financial assistance to industries

  3. Provides finances for rural areas

  4. Promotes exports


Correct Option: A
Explanation:

CRISIL evaluates the credit documents of a company. CRISIL IS A GLOBAL ANALYTICAL COMPANY PROVIDING RATINGS, RESEARCH, AND RISK AND POLICY ADVISORY SERVICES. It is a credit rating agency in India which checks the credit documents of a company. 

On the recommendations of Kelkar Committee, no new RRB (Regional Rural Bank) has been established since

  1. April 1987

  2. April 1988

  3. April 1989

  4. April 1990


Correct Option: A
Explanation:

On the recommendations of Kelkar Committee, no new RRB (Regional Rural Bank) has been established since April 1987. RRB's are working in all states of the country except of Sikkim and Goa. At present 196 RRBs are working in the country. Since April1987, no new RRB has been opened according to the Kelkar Committee. 

Government covered all districts of the country in National Rural Employment Guarantee Programme (NREGP), w.e.f.

  1. April 1, 2008

  2. January 1, 2008

  3. April 1, 2009

  4. March 31, 2008


Correct Option: D
Explanation:

Government covered all districts of the country in National Rural Employment Guarantee Programme (NREGP), w.e.f. March 31, 2008. National Rural Employment Guarantee Programme aims at enhancing the livelihood security of people in rural areas by guaranteeing hundred days of wage-employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work. 

- Hide questions