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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 4 of 24 pages
Question 31. Which of the following statements are correct about Kisan Vikas Patra Scheme?
  1. The investments could be made in the range of `1000 - `50,000.
  2. Tax rebate will be provided on the amount invested.
  3. The certificates can be used as pledged secuity to avail loans from banks.
  4. The certificates will carry a lock-in period of 2 years and 6 months.
Codes:
  1.    2 and 3 only
  2.    1, 2 and 3 only
  3.    1 and 2 only
  4.    3 and 4 only
 Discuss Question
Answer: Option D. -> 3 and 4 only
Answer: (d)There is no upper limit on the investment. Notaxbenefitswouldbeavailableontheseinvestments.
Question 32. Agricultural Biosecurity Bill, 2013 proposes to set up Agricultural Biosecurity Authority of India at
  1.    Bhopal
  2.    Ludhiana
  3.    Faridabad
  4.    Allahabad
 Discuss Question
Answer: Option C. -> Faridabad
Answer: (c)Agricultural Biosecurity Authority of India is proposed to be established at Faridabad. It will be headed by a Director General to be appointed by the central government.
Question 33. Consider the following statements:
  1. Prime Minister Narendra Modi on 14 March 2015 flagged off the first train from Thalaimannar to Madhu Road in North Sri Lanka.
  2. The rail project connects the Sri Lanka’s Jaffna province to capital Colombo and a branch line connects Thalaimannar to the main rail line.
Which of the statements given above is/are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither of the above
 Discuss Question
Answer: Option B. -> Both 1 and 2
Answer: (b)The North-South Rail link was completely destroyed by the Liberation Tigers of Tamil Eelam (LTTE) militants during the civil war in 1980s.
Question 34. The U.S. Chamber of Commerce’s Global Intellectual Property CenterCentre (GIPC) has released its third annual international intellectual property (IP) index list.What is India’s rank among them?
  1.    35th
  2.    30th
  3.    28th
  4.    29th
 Discuss Question
Answer: Option D. -> 29th
Answer: (d)
Question 35. The government in its budget has announced to open Horticulture university in:
  1.    Haryana and Andhra Pradesh
  2.    Telangana and Andhra Pradesh
  3.    Haryana and Telangana
  4.    Andhra Pradesh and Rajasthan
 Discuss Question
Answer: Option C. -> Haryana and Telangana
Answer: (c)The government has announced to open Horticulture universities in Haryana and Telangana and new agriculture universities in Andhra Pradesh and Rajasthan.
Question 36. Which of the following statements are correct?
  1. India’s first compressed natural gas (CNG) powered train was flagged off between Vadodara and Ahmedabad.
  2. It is based on dual fuel system- electricity power and CNG.
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)India’s first CNG powered train ran between Rewari and Rohtak and it will be based on dual fuel system- diesel and CNG.
Question 37. Dineshwar Sharma has been named as the new chief of
  1.    Central Bureau of Investigation (CBI)
  2.    Research and Analysis Wing (R&AW)
  3.    National Investigating Agency (NIA)
  4.    Intelligence Bureau (IB)
 Discuss Question
Answer: Option D. -> Intelligence Bureau (IB)
Answer: (d)Dineshwar Sharma will succeed Syed Asif Ibrahim to become the new IB chief.
Question 38. The Foreign Direct Investment (FDI) cap in defence sector has been increased to?
  1.    51%
  2.    49%
  3.    33%
  4.    26%
 Discuss Question
Answer: Option B. -> 49%
Answer: (b)The union government in its budget proposed to hike the FDI cap in defence and insurance to 49% from 26%.
Question 39. Which of the following statements regarding Ashtamudi lake are correct?
  1. It’s Clam governing council is the first fishery Certified in India by the Marine Stewardship Council
  2. It is the largest estuarine system in Kerala
  3. It is among the sites in Ramsar Wetland of International importance.
Codes:
  1.    2 and 3 only
  2.    1 and 3 only
  3.    1 and 2 only
  4.    All of these
 Discuss Question
Answer: Option B. -> 1 and 3 only
Answer: (b)Ashtamudi is the second largest estuarine system after Vembad in Kerala
Question 40. Consider the following statements
  1. Prime Minister Narendra Modi launched a scheme, ‘Beti Bachao, Beti Padhao’ (save the girl child, educate the girl child), on January 22 at Panipat in Haryana.
  2. With an initial corpus of `100 crore, the scheme has been launched in a hundred districts across the country.
Which of the statements given above is/are correct?
  1.    2 only
  2.    All of the above
  3.    1 only
  4.    Neither of the above
 Discuss Question
Answer: Option B. -> All of the above
Answer: (b)The scheme aims at making girls independent socially as well as financially through education. This approach of the Government can facilitate in generating awareness and improving the efficiency of delivery of welfare services meant for the women.

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