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ECONOMIC NEWS MCQs

World Political, Indian Political, Ocio Economic Panorama And Issues (national), Socio Economic Panorama And Issues (international)

Total Questions : 240 | Page 2 of 24 pages
Question 11. Which of the following statements is/are correct about Consumer Protection Bill, 2015?

  1. The new bill seeks to replace Consumer Protection Act, 1986 in order to deal with consumer protection and safety.

  2. Central Consumer Protection Authority (CCPA) is a non-regulatory authority.

  3. Consumer Protection Act (CPA), 1986 was amended twice in 1991 and 1993 respectively.


Codes:
  1.    2 and 3only
  2.    1 and 2 only
  3.    1 only
  4.    All of these
 Discuss Question
Answer: Option C. -> 1 only
Answer: (c)
Central Consumer Protection Authority (CCPA) is an apex regulatory authority. It was amended thrice earlier in 1991, 1993 and 2002
Question 12. Who was elected as the Deputy Speaker of the Lok Sabha on 13 August 2014?
  1.    D. Subramaniam
  2.    M. Thambidurai
  3.    M. Venkateshwar
  4.    V. Rameshwar
 Discuss Question
Answer: Option B. -> M. Thambidurai
Answer: (b)M. Thambidurai represents AIADMK in the Lok Sabha. He was elected unanimously as almost all parties moved motions for his election, including the Congress.
Question 13. Telangana government launched ‘Grama Jyothi’ across the state. The scheme is aimed at:
  1. Comprehensive development of rural areas allowing planning and execution of works by villages themselves
  2. Improving the Human Development Index (HDI) by addressing core issues such as drinking water and sanitation, health and nutrition, education, infrastructure etc.
  3. Empowering women.
  4. Empowering gram panchayats.
Which of the statements given above is/are correct?
  1.    1, 2 & 4
  2.    1 & 2 only
  3.    2 & 4 only
  4.    1, 2 & 3
 Discuss Question
Answer: Option A. -> 1, 2 & 4
Answer: (a)
Question 14. What is the purpose of establishing Kaya Kulp Council?
  1.    To give recommendations to improve Air India
  2.    To give recommendations to improve to working of National Highway Authority of India
  3.    To give recommendations to improve the Indian Railways
  4.    To give recommendations to enhance the role of waterways in transportation
 Discuss Question
Answer: Option C. -> To give recommendations to improve the Indian Railways
Answer: (c)Kaya Kulp Council is an innovation council constituted by the Ministry of Railways to recommend ways to improve and transform the Indian Railways. The council will be headed by Ratan Tata.
Question 15. According to Union Finance Ministry, which of the following states/UTs have achieved 100% financial inclusion under Jan Dhan Yojana?
  1. Kerala
  2. Punjab
  3. Chandigarh
  4. Daman & Diu
  5. Lakshadweep
  6. Goa
Codes:
  1.    1, 3, 5 and 6 only
  2.    2, 3 and 4 only
  3.    1, 2, 4 and 6 only
  4.    1, 4, 5 and 6 only
 Discuss Question
Answer: Option A. -> 1, 3, 5 and 6 only
Answer: (a)The Ministry has declared that Goa, Kerala, Chandigarh, Puducherry and Lakshadweep have became the states/UTs to achieve 100% finacial inclusion.
Question 16. For which crop,has the Central Government has asked to relax quality norms for procurement on 7th Apr’15?
  1.    Rice
  2.    Pulses
  3.    Maize
  4.    Wheat
 Discuss Question
Answer: Option D. -> Wheat
Answer: (d)If quality of wheat is affected due to unseasonal rains or any other reason, relaxation in the norms is considered.
Question 17. Which of the following statements are correct regarding National Optical Fibre Network (NOFN)?
  1. It is the largest rural connectivity project of its kind in the world.
  2. It has been launched by the Ministry of Information Technology and Communications
  3. Vellore has become first district in India to have high speed Rural Broadband Network
Codes
  1.    1 and 3 only
  2.    2 and 3 only
  3.    1 and 2 only
  4.    All of these
 Discuss Question
Answer: Option C. -> 1 and 2 only
Answer: (c)Idukki district of Kerala has become first district in India to have high speedRuralBroadband Network i.e. National Optical Fibre Network (NOFN) internet connectivity.
Question 18. Which of the following statements are correct?
  1. Recently, President’s rule has been imposed in Jammu and Kashmir
  2. It was imposed under Article 356 of the Indian constitution.
Codes:
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither 1 Nor 2
 Discuss Question
Answer: Option D. -> Neither 1 Nor 2
Answer: (d)Governor’s Rule has been imposed in Jammu and Kashmir under Section 92 of J&K Constitution.
Question 19. Which of the following pairs are correct matched? Adventure Sport/ State martial arts
  1. Dahi Handi : Madhya Pradesh
  2. Gatka : Punjab
  3. Kalaripayattu : Kerala
  4. Varma Kalai : Tamil Nadu
Codes:
  1.    2, 3 and 4 only
  2.    1 and 4 only
  3.    1, 2 and 3 only
  4.    All of these
 Discuss Question
Answer: Option A. -> 2, 3 and 4 only
Answer: (a)Maharashtra government has recently declared Dahi Handi as an adventurous sport.
Question 20. Consider the following statements:
  1. NTPC has emerged as the country’s biggest company in terms of annual revenue as per an annual list of Fortune 500 companies in India- 2014.
  2. This year’s list of the country’s 500 largest corporations was compiled by the global business magazine Fortune’s Indian edition.
Which of the statements given above is/are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    None of the above
 Discuss Question
Answer: Option A. -> 2 only
Answer: (a)State-run Indian Oil Corp (IOC) has emerged as the country’s biggest company in terms of annual revenue as per an annual list of Fortune 500 companies in India- 2014. IOC topped the list with annual revenue of Rs 4, 75, 867 crore.

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