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MCQs

Total Questions : 169 | Page 14 of 17 pages
Question 131. Consider the following statements :

  1. The Mid-day Meal Scheme is financed and managed by the Ministry of Human Resource Development.

  2. Mid-day Meal is connected to the right to food.

  3. It is the world’s largest school feeding programme.


Which of the above statements are correct?
  1.    1 and 2
  2.    2 and 3
  3.    1 and 3
  4.    1, 2 and 3
 Discuss Question
Answer: Option C. -> 1 and 3
Answer: (c)
The mid-day meal scheme is financed and managed by the Ministry of Human Resource Development.
It involves provision for free lunch on working days for children in primary and upper primary classes, encouraging poor children to attend school more regularly.
It is the world’s largest school feeding programme, reaching out to about 120,000,000 children.
Question 132. Consider the following statements:

  1. Umesh Chandra Committee was set up by RBI to study the various issues relating to financial benchmarks.

  2. The Committee has recommended change in determining money market benchmark.


Which of the statements given above is/are correct?
  1.    1 only
  2.    1 and 2
  3.    2 only
  4.    None
 Discuss Question
Answer: Option C. -> 2 only
Answer: (c)
RBI had set up a committee under its Executive Director P. Vijaya Bhaskar on June 28, 2013, to study the various issues relating to financial benchmarks.
The Committee has recommended a change in the way of determining the money market benchmarks so as to remove any possible scope for manipulation.
Question 133. Which of the following statements are true regarding the findings of the Periodic Labour Force Survey (PLFS) Report 2017-18:

  1. Overall Labour Force Participation Rate is 36.9%

  2. Labour Force Participation Rate of females is 17.5%

  3. The unemployment rate is 6.1%


Select the correct answer using the code given below:
  1.    (ii) & (iii) only
  2.    (i) & (ii) only
  3.    (i) & (iii) only
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Answer: (d)
As per the PLFS 2017-18, 6.1% of India’s labour force are unemployed.
Labour Force Participation Rate (LFPR) of females is 17.5% and LFPR for males is 55.5%. And overall LFPR is 36.9%
Question 134. In order to comply with the TRIPS agreement, India enacted the Geographical Indications of goods. (Registration and protection) Act, 1999. The difference between a ‘Trade Mark’ and a geographical Indication is/are

  1. A trademark is an individual or a company’s right whereas a geographical indication cannot be licensed.

  2. A trademark can be licensed whereas a geographical indication is assigned to the agricultural goods/products and handicraft only.


Which of the statement(s) given above is/are correct?
  1.    Only 1
  2.    2 and 3
  3.    1, 2 and 3
  4.    1 and 2
 Discuss Question
Answer: Option D. -> 1 and 2
Answer: (d)
Question 135. How many poor families will be provided with how much medical insurance per family in 2018-19?
  1.    10 crore and 3 lakh
  2.    10 crore and 5 lakh
  3.    3 crore and 10 lakh
  4.    5 crore and 5 lakh
 Discuss Question
Answer: Option B. -> 10 crore and 5 lakh
Answer: (b)
Question 136. Which one of the following is true for ‘Swajal dhara’ scheme?
  1.    It is owned by the state government
  2.    It is owned by state government and local bodies
  3.    It is owned by the central government and the local community
  4.    It is owned by the central government
 Discuss Question
Answer: Option C. -> It is owned by the central government and the local community
Answer: (c)
Question 137. Bhoothalingam Committee was formed with the purpose of:
  1.    Giving recommendations on Minimum Wage and argued for adoption of National Floor Level Minimum Wage
  2.    Giving recommendations on revisiting forest laws in India and argued for merging all the existing forest laws into single law
  3.    Giving nationwide poverty estimates using PPP as basis
  4.    Of estimating unemployment data in India
 Discuss Question
Answer: Option A. -> Giving recommendations on Minimum Wage and argued for adoption of National Floor Level Minimum Wage
Answer: (a)
The idea of a national level minimum wage has been debated since the enactment of the Minimum Wages Act 1948 in India.
The main argument against a national minimum wage has been the existence of wide disparities in economic development and large variations in the cost of living between regions and states.
Bhoothalingam Committee, 1978, argued for the adoption of the National Floor Level Minimum Wage to ensure a uniform wage for all workers and enhance protection of the most vulnerable workers and eliminate arbitrariness in the determination of the level of minimum wages for different States and occupations.
Recommendations were mainly for the organized sector.
Question 138. ‘Skill Development Initiative’ has been operationalised in
  1.    February, 2005
  2.    May, 2007
  3.    April, 2010
  4.    March, 2005
 Discuss Question
Answer: Option B. -> May, 2007
Answer: (b)
Question 139. Which of the following are included in the category of direct tax in India?
  1. Corporation tax
  2. Tax on income
  3. Wealth tax
  4. Customs duty
  5. Excise duty
Select the correct answer using the codes given below
  1.    1, 2 and 3
  2.    2 and 3
  3.    1, 2, 4 and 5
  4.    1, 3, 4 and 5
 Discuss Question
Answer: Option A. -> 1, 2 and 3
Answer: (a)Corporation Tax, Wealth Tax and Income Tax are in the category of direct tax.
Question 140. Consider the following statements:

  1. The RBI has announced the ‘Depositor Education and Awareness Fund Scheme, 2014’.

  2. The Depositor Education and Awareness Fund Scheme will utilize unclaimed bank deposits for education and awareness of depositors.

  3. The scheme will be funded by the Centre for depositor’s education.


Which among the above is/ are correct statements?
  1.    1, 2 and 3
  2.    1 and 2
  3.    2 and 3
  4.    None
 Discuss Question
Answer: Option B. -> 1 and 2
Answer: (b)
RBI has decided to utilize unclaimed bank deposits that are estimated at Rs. 3,650 crore for education and awareness of depositors.
The apex bank has announced the ‘Depositor Education and Awareness Fund Scheme, 2014’ for this purpose.

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