Answer is Option C. -> (i) & (ii) only Answer: (c)
Apart from the higher capital cost of providing telecom services in rural and remote areas, these areas also generate lower revenue due to lower population density, low income and lack of commercial activity.
Thus, normal market forces alone would not direct the telecom sector to adequately serve backward and rural areas. Keeping in mind the inadequacy of the market mechanism to serve rural and inaccessible areas on one hand and the importance of providing vital telecom connectivity on the other, most countries of the world have put in place policies to provide Universal Access and Universal Service to ICT.
The New Telecom Policy (of India)- 1999 (NTP'99) provided that the resources for meeting the Universal Service Obligation (USO) would be raised through a 'Universal Access Levy (UAL)', which would be a percentage of the revenue earned by the telecom operators under various licenses.
The Universal Service Support Policy came into effect from 01.04.2002. The Indian Telegraph (Amendment) Act, 2003 giving statutory status to the Universal Service Obligation Fund (USOF) was passed by both Houses of Parliament in December 2003.
USOF is under the Dept. of Telecommunication, Ministry of Communication and is being used to connect villages in rural areas under the BharatNet project. USOF provides widespread and non-discriminatory access to quality ICT services at affordable prices to people in rural and remote areas.
It provides an effective and powerful linkage to the hinterland thereby mainstreaming the population of rural and remote parts of the country. It ensures that universal services are provided in an economically efficient manner.
It also ensures that by developing hitherto unconnected areas, the benefits of inclusive growth are reaped by our nation, bringing in its wake rapid socio-economic development and improved standards of living.
Question 2. Consider the following statements:
Lack of adequate entrepreneurship and leadership in business.
Answer is Option A. -> Both 1 and 2 Answer: (a)
The Millenium Development Goals focus on developing countries.
There is one exception :
MDG number 8 on developing a global partnership for development, which includes commitments for developed countries to help developing countries.
An important difference is that the sustainable Development Goals are meant to apply to all countries, including developed countries.
Another difference is that the sustainable Development Goals are explicitly meant to include the three dimensions of sustainable development economic, social and environmental.
Question 4. Sunrise industries are industries :
Which are small scale industries
Which are well developed and have ample scope for future development.
Which improve exports performance of the country.
Which have high growth potential and meet future requirements of the economy.
Answer is Option D. -> Which have high growth potential and meet future requirements of the economy. Answer: (d)Sunrise industries are industries which have high growth potential and meet future requirements of the economy.
Question 5. Credit Rating Agencies are regulated by which ministry/ department/ agency?
Answer is Option C. -> Securities and Exchange Board of India Answer: (c)
Credit Rating Agencies (CRAs) are regulated by SEBI.
In light of the COVID-19 crisis, SEBI directed CRAs that, if the default by the companies (which are listed on the exchange and which has been provided Credit Rating by any of the CRAs) is solely due to COVID-19 LOCKDOWN then the CRAs should not recognize it as a DEFAULT and should not degrade their rating.
The definition of NPA is given by RBI for financial institutions regulated by RBI like banks and NBFCs. But some (financial institutions) like Mutual Funds, Exchange Traded Funds (ETFs), are also regulated by SEBI for which NPA definition has been given by SEBI.
Question 6. Which of the following is are not “Navaratna” company?
Answer is Option D. -> 2 and 3 Answer: (d)
Indian Oil Corporation is one of the seven Maharatna status companies of India.
Maharatna PSU has an investment ceiling from Rs 1,000 to Rs. 5,000 crores and can invest up to 15% of their net worth in a project.
AAI is a mini Ratna The Navaratna companies could invest up to Rs. 1,000 crores without explicit government approval.
Question 7. Consider the following statements with respect to India’s imports
Share of Gold imports in total merchandise imports has steadily decreased in the last decade
Share of Petroleum, Oil and Lubricants (POL) in total merchandise imports has steadily increased in the last decade
Select the correct answer using the code given below:
Answer is Option D. -> Neither (i) nor (ii) Answer: (d)
Share of Gold imports in total merchandise imports is around 6.4%.
Share of POL imports in total merchandise imports is round 26%.
But both shares have fluctuated.
Question 8. Which one of the following is correctly matched? Industry Status
Answer is Option A. -> Tertiary sector Answer: (a)
During the last decade, the tertiary sector has shown remarkable expansion.
In the last decade, India has expanded maximum in providing services like IT, Telecommunication, Healthcare, Tourism which is contributing around 60% to GDP.
Primary Sectors - Primary activities are those which are based on natural resources. It is called the Agriculture sector. Examples - Types of crops, livestock rearing dairy farming, fishing.
Secondary Sectors - Secondary sector follows primary activities in which the natural products are changed to manufacture. It is called the Industrial sector.
Tertiary Sectors - Activities that assist the development of primary and secondary sectors are carried out. Generally, services are involved like doctors, teachers, lawyers, administrators. New services like IT, software company etc. have become important Tertiary activities.
Question 10. Urgapur steel plant was set up in assistance of