MCQs
Total Questions : 650
| Page 62 of 65 pages
Answer: Option D. -> All of the given options
Answer: (d)According to Prof. Kindleberger, Todaro, Lewis and Nurkse etc., agriculture makes its contribution to economic development in several ways, viz., By providing food and raw material to non-agricultural sectors of the economy, By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus, By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector, By earning valuable foreign exchange through the export of agricultural products, etc.
Answer: (d)According to Prof. Kindleberger, Todaro, Lewis and Nurkse etc., agriculture makes its contribution to economic development in several ways, viz., By providing food and raw material to non-agricultural sectors of the economy, By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus, By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector, By earning valuable foreign exchange through the export of agricultural products, etc.
Answer: Option D. -> None of these
Answer: (d)
LIC (Life Insurance Corporation, India) introduces its pension plan to offer individuals regular income during their old age. Pension also well-known as retirement plans are predominantly intended for the citizens who are disposed to make their old age financially secure.
Jeevan Kishore is a children’s plan under which the child becomes the owner of the policy automatically at the age of 18 yeaRs.Jeevan Chhaya is beneficial for a partner having less than a year old child (not an adopted child).
It makes provision for higher education/marriage of the child. Jeevan Sanchay is a without profit money-back plan available for the age group between 14 years and 58 yeaRs.LIC’s Jeevan Akshay- VI is a pension plan for people who are at present in their retirement age and have no pension.
Under this policy, LIC will pay the policyholders a reliable payment at normal time periods starting right after the holder pays a lump sum premium towards the cost of the policy. The annuitant can accept the payment as per his aspiration either monthly, quarterly, half-yearly or yearly.
Answer: (d)
LIC (Life Insurance Corporation, India) introduces its pension plan to offer individuals regular income during their old age. Pension also well-known as retirement plans are predominantly intended for the citizens who are disposed to make their old age financially secure.
Jeevan Kishore is a children’s plan under which the child becomes the owner of the policy automatically at the age of 18 yeaRs.Jeevan Chhaya is beneficial for a partner having less than a year old child (not an adopted child).
It makes provision for higher education/marriage of the child. Jeevan Sanchay is a without profit money-back plan available for the age group between 14 years and 58 yeaRs.LIC’s Jeevan Akshay- VI is a pension plan for people who are at present in their retirement age and have no pension.
Under this policy, LIC will pay the policyholders a reliable payment at normal time periods starting right after the holder pays a lump sum premium towards the cost of the policy. The annuitant can accept the payment as per his aspiration either monthly, quarterly, half-yearly or yearly.
Answer: Option C. -> a reverse flow of wealth from children to parents
Answer: (c)
Answer: (c)
Question 614. Which of the following is/are the functions of the National Development Council of India?
Select the correct answer using the codes given below?
- To prescribe guidelines for preparation of the national economic plan.
- To review the working of the national economic plan from time to time.
- To consider important questions of social and economic policy affecting national development
Select the correct answer using the codes given below?
Answer: Option D. -> 1, 2 and 3
Answer: (d)
The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on development matters in India, presided over by the Prime Minister.
The functions of the Council are
to prescribe guidelines for the formulation of the National Plan;
to consider the National Plan as formulated by the NITI Aayog;
to consider important questions of social and economic policy affecting national development; and
to review the working of the Plan from time to time and to recommend such measures as are necessary for achieving the aims and targets set out in the National Plan.
Answer: (d)
The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on development matters in India, presided over by the Prime Minister.
The functions of the Council are
to prescribe guidelines for the formulation of the National Plan;
to consider the National Plan as formulated by the NITI Aayog;
to consider important questions of social and economic policy affecting national development; and
to review the working of the Plan from time to time and to recommend such measures as are necessary for achieving the aims and targets set out in the National Plan.
Answer: Option B. -> Dadabhai Naoroji
Answer: (b)Dadabhai, known as the Grand old man, wrote the book ‘Poverty and Un-British Rule in India’ describing the theory of economic drain of India during British rule.
Answer: (b)Dadabhai, known as the Grand old man, wrote the book ‘Poverty and Un-British Rule in India’ describing the theory of economic drain of India during British rule.
Answer: Option D. -> Shikha Sharma – SBI
Answer: (d)
Answer: (d)
Answer: Option B. -> New Delhi
Answer: (b)The Indian Institute of Foreign Trade (IIFT) is an autonomous public business school established in 1963 by the government of India to help professionalize the country’s foreign trade management and increase exports by developing human resources, generating, analyzing and disseminating data. It is located in New Delhi, India.
Answer: (b)The Indian Institute of Foreign Trade (IIFT) is an autonomous public business school established in 1963 by the government of India to help professionalize the country’s foreign trade management and increase exports by developing human resources, generating, analyzing and disseminating data. It is located in New Delhi, India.
Answer: Option C. -> Those who cultivate the land of others
Answer: (c)
Agricultural labourers are those who cultivate the land of others but own no (or very little) land of their own. Owner cultivators are those who own and cultivate their own land.
Landowners are those who own land but do not cultivate it themselves. So basically, a cultivator is an agricultural labourer who tills the land of others.
Answer: (c)
Agricultural labourers are those who cultivate the land of others but own no (or very little) land of their own. Owner cultivators are those who own and cultivate their own land.
Landowners are those who own land but do not cultivate it themselves. So basically, a cultivator is an agricultural labourer who tills the land of others.
Answer: Option C. -> 10 kg
Answer: (c)When the Annapurna Scheme was launched in April 2000, the beneficiaries were to be given 10 Kg. of food grains per month free of cost. It aims at providing food security to meet the requirement of those Senior Citizens who through eligible have remained uncovered under the National Old Age Pension Scheme (NOAPS).
Answer: (c)When the Annapurna Scheme was launched in April 2000, the beneficiaries were to be given 10 Kg. of food grains per month free of cost. It aims at providing food security to meet the requirement of those Senior Citizens who through eligible have remained uncovered under the National Old Age Pension Scheme (NOAPS).
Answer: Option C. -> 1950
Answer: (c)
The Planning Commission is an institution in the Government of India, which formulates India’s five-year Plans, among other functions.
It 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 executive order.
The Planning Commission does not derive its creation from either the Constitution or statute but is an arm of the Central/Union Government.
Answer: (c)
The Planning Commission is an institution in the Government of India, which formulates India’s five-year Plans, among other functions.
It 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 executive order.
The Planning Commission does not derive its creation from either the Constitution or statute but is an arm of the Central/Union Government.
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