MCQs
Total Questions : 650
| Page 6 of 65 pages
Answer: Option A. -> Stamp duty
Answer: (a)
The Constitution of India has a number of other provisions relevant to stamp duties.
Of these, Article 246 and the Seventh Schedule are relevant in regard to the legislative power to levy Stamp duties.
Article 268 states that stamp duties and such duties of excise on medicinal and toilet preparations as are mentioned in the Union List shall be levied by the Government of India but shall be collected
in the case where such duties are leviable within any Union territory, by the Government of India, and
in other cases, by the States within which such duties are respectively leviable.
It further states that proceeds in any financial year of any such duty leviable within any State shall not form part of the Consolidated Fund of India, but shall be assigned to that State.
Answer: (a)
The Constitution of India has a number of other provisions relevant to stamp duties.
Of these, Article 246 and the Seventh Schedule are relevant in regard to the legislative power to levy Stamp duties.
Article 268 states that stamp duties and such duties of excise on medicinal and toilet preparations as are mentioned in the Union List shall be levied by the Government of India but shall be collected
in the case where such duties are leviable within any Union territory, by the Government of India, and
in other cases, by the States within which such duties are respectively leviable.
It further states that proceeds in any financial year of any such duty leviable within any State shall not form part of the Consolidated Fund of India, but shall be assigned to that State.
Answer: Option B. -> Promotion of entrepreneurship among SC, ST and Women
Answer: (b)
Standup India was launched by Prime Minister Narendra Modi on 5 April 2016 to support entrepreneurship among women and SC & ST communities.
The scheme offers bank loans of between Rs.10 lakh and Rs.1 crore for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector.
Answer: (b)
Standup India was launched by Prime Minister Narendra Modi on 5 April 2016 to support entrepreneurship among women and SC & ST communities.
The scheme offers bank loans of between Rs.10 lakh and Rs.1 crore for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector.
Answer: Option A. -> market dealing in existing securities.
Answer: (a)
The gilt-edged market refers to the market for Government and semi-government securities, backed by the Reserve Bank of India (RBI). Government securities are tradeable debt instruments issued by the Government for meeting its financial requirements.
The term gilt-edged means 'of the best quality'. This is because the Government securities do not suffer from the risk of default and are highly liquid (as they can be easily sold in the market at their current price).
The open market operations of the RBI are also conducted in such securities.
Answer: (a)
The gilt-edged market refers to the market for Government and semi-government securities, backed by the Reserve Bank of India (RBI). Government securities are tradeable debt instruments issued by the Government for meeting its financial requirements.
The term gilt-edged means 'of the best quality'. This is because the Government securities do not suffer from the risk of default and are highly liquid (as they can be easily sold in the market at their current price).
The open market operations of the RBI are also conducted in such securities.
Answer: Option D. -> Fifth Five Year Plan (1974-79)
Answer: (d)
Garibi Hatao (Meaning “Abolish Poverty” in Hindi) was the theme and slogan of Indira Gandhi’s 1971 election bid.
The slogan and the proposed anti-poverty programs that came with it were designed to give Gandhi independent national support, based on rural and urban poor.
The fifth plan was prepared and launched by D.D. Dhar proposed to achieve two main objectives viz, ‘removal of poverty’ (Garibi Hatao) and ‘attainment of self-reliance’, through the promotion of high rate of growth, better distribution of income and very significant growth in the domestic rate of savings.
Answer: (d)
Garibi Hatao (Meaning “Abolish Poverty” in Hindi) was the theme and slogan of Indira Gandhi’s 1971 election bid.
The slogan and the proposed anti-poverty programs that came with it were designed to give Gandhi independent national support, based on rural and urban poor.
The fifth plan was prepared and launched by D.D. Dhar proposed to achieve two main objectives viz, ‘removal of poverty’ (Garibi Hatao) and ‘attainment of self-reliance’, through the promotion of high rate of growth, better distribution of income and very significant growth in the domestic rate of savings.
Answer: Option D. -> Rule of Law, Regulatory Efficiency, Inflation, Foreign Direct Investment
Answer: (d)
The economic freedom of a country is calculated using the Economic Freedom Index that focuses on four key aspects of the economic environment over which governments typically exercise policy control:
Rule of law (property rights, freedom from corruption);
Government size (fiscal freedom, government spending);
Regulatory efficiency (business freedom, labour freedom, monetary freedom); and
Market openness (trade freedom, investment freedom, financial freedom).
Answer: (d)
The economic freedom of a country is calculated using the Economic Freedom Index that focuses on four key aspects of the economic environment over which governments typically exercise policy control:
Rule of law (property rights, freedom from corruption);
Government size (fiscal freedom, government spending);
Regulatory efficiency (business freedom, labour freedom, monetary freedom); and
Market openness (trade freedom, investment freedom, financial freedom).
Answer: Option B. -> Co-existence of public and private sector
Answer: (b)
Answer: (b)
Answer: Option B. -> Nationalised Commercial Bank
Answer: (b)
Regional Rural Banks (RRBs) were set up as government-sponsored, regional based rural lending institutions under the Regional Rural Banks Act, 1976.
Every RRB is owned by three entities with their respective shares as follows:
Central Government (50%);
State government (15%);
.Sponsor bank (35%).
Each Regional Rural Bank is sponsored by a Public-Sector Bank.
Answer: (b)
Regional Rural Banks (RRBs) were set up as government-sponsored, regional based rural lending institutions under the Regional Rural Banks Act, 1976.
Every RRB is owned by three entities with their respective shares as follows:
Central Government (50%);
State government (15%);
.Sponsor bank (35%).
Each Regional Rural Bank is sponsored by a Public-Sector Bank.
Answer: Option C. -> These seeds contain genetically engineered properties to prevent further multiplication
Answer: (c)
The Indian government banned the import of terminator seeds on fears the seeds would threaten traditional crops and put the well-being of Indian farmers at risk. The technology would have serious implications on crop biodiversity.
It may lead to the gradual extinction of traditional varieties. Crop related wild varieties, important for natural evolution for crop species would be affected by cross-contamination. Inserting terminator genes into crops would prevent them from producing fertile seeds.
Answer: (c)
The Indian government banned the import of terminator seeds on fears the seeds would threaten traditional crops and put the well-being of Indian farmers at risk. The technology would have serious implications on crop biodiversity.
It may lead to the gradual extinction of traditional varieties. Crop related wild varieties, important for natural evolution for crop species would be affected by cross-contamination. Inserting terminator genes into crops would prevent them from producing fertile seeds.
Answer: Option D. -> Agriculture
Answer: (d)
The First Five-Year Plan (1951–1956), based on the Harrod-Domar model, addressed, mainly, the agrarian sector, including investments in dams and irrigation.
The total planned budget of Rs.2069 crore was allocated to seven broad areas:
irrigation and energy (27.2 percent),
agriculture and community development (17.4 percent),
transport and communications (24 percent),
industry (8.4 percent),
social services (16.64 percent),
land rehabilitation (4.1 percent), and
for other sectors and services (2.5 percent).
Answer: (d)
The First Five-Year Plan (1951–1956), based on the Harrod-Domar model, addressed, mainly, the agrarian sector, including investments in dams and irrigation.
The total planned budget of Rs.2069 crore was allocated to seven broad areas:
irrigation and energy (27.2 percent),
agriculture and community development (17.4 percent),
transport and communications (24 percent),
industry (8.4 percent),
social services (16.64 percent),
land rehabilitation (4.1 percent), and
for other sectors and services (2.5 percent).
Question 60. Consider the following statements in regard to the GDP of a country :
Which of the statements given above is/are correct?
- Real GDP is calculated by keeping inflation into consideration.
- Nominal GDP is calculated on the basis of the prices of goods and services produced in the current year.
Which of the statements given above is/are correct?
Answer: Option B. -> Both 1 and 2
Answer: (b)
Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e., inflation or deflation).
Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region.
Answer: (b)
Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e., inflation or deflation).
Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region.
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