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Total Questions : 169 | Page 15 of 17 pages
Question 141. Consider the following statements in regard to inclusive development:
  1. As per the RBI guidelines public sector banks have to give loans to women SHGs at the interest rate of 7%.
  2. The initiative is to get benefit of interest rate subvention scheme under the Damini scheme.
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 A. -> 1 only
Answer: (a)The RBI directed public sector banks to provide loans to women self-help groups at a rate of 7% per annum so to get benefit of interest rate subvention scheme under the SGSYAajeevika scheme.
Question 142. Which one of the following is the objective of the National Watershed Development Project for rainfed areas of India?
  1.    Sustainable farming systems
  2.    Integrated watershed management
  3.    Reclamation of forest area
  4.    Both (a) and (b)
 Discuss Question
Answer: Option D. -> Both (a) and (b)
Answer: (d)
The scheme of the National Watershed Development Project for Rainfed Areas (NWDPRA) was launched in 1990-91 in 25 States and 2 Union Territories based on twin concepts of integrated watershed management and sustainable farming systems.
The objectives of the project include conservation, development and sustainable management of natural resources, enhancement of agricultural production and productivity in a sustainable manner, restoration of ecological balance in the degraded and fragile rainfed ecosystems by greening these areas through the appropriate mix of trees, shrubs and grasses, reduction in the regional disparity between irrigated and rainfed areas and; creation of sustained employment opportunities for the rural community including the landless.
Question 143. Match List-I with List-II and select the correct answer using the codes given below the lists.
List I
List II
A. Sarva Shiksha Abhiyan
1. 1987
B. Sakshar Bharat
2. 1988
C. Operation Blackboard
3. 2001
D. National Literacy Mission
4. 2009
Codes: A B C D
  1.    1 2 3 4
  2.    2 1 3 4
  3.    3 4 1 2
  4.    4 3 2 1
 Discuss Question
Answer: Option C. -> 3 4 1 2
Answer: (c)
Question 144. Unemployment problem leads to poverty because
  1.    people living below poverty line increase
  2.    it increases inflation
  3.    it leads to rise in interest rate
  4.    there is rapid increase in population
 Discuss Question
Answer: Option A. -> people living below poverty line increase
Answer: (a)
Question 145. Which one of the following is not a component of ‘Bharat Nirman’ launched in 2005-2006?
  1.    Rural housing
  2.    Rural sanitation
  3.    Rural roads
  4.    Drinking water
 Discuss Question
Answer: Option B. -> Rural sanitation
Answer: (b)
Question 146. The Ministry of Petroleum and Natural Gas has launched new consumer empowering initiatives. Which among the following are the initiatives?

  1. Sale of 5 kg LPG cylinders at market price

  2. Inter-Company LPG Portability scheme

  3. LPG cylinders resale by consumers

  4. None of the above


Which of the statements given above is/are correct?
  1.    1 and 3
  2.    1, 2 and 3
  3.    1 and 2
  4.    1 , 2, 3 and 4
 Discuss Question
Answer: Option C. -> 1 and 2
Answer: (c)
The Ministry of Petroleum and Natural Gas has launched two new consumer empowering initiatives. These are the sale of 5 kg LPG cylinders at market price and the Inter-Company LPG Portability scheme.
This scheme keeping in view the needs of a special group of consumers, like IT professionals, BPO employees, migrants who want LPG but in absence of proper proof of address (POA) cannot access the same.
Question 147. Which of the following plans is meant for constructing houses for rural people?
  1.    Indra Avas Yojana
  2.    PURA
  3.    None of the above
  4.    Ambedkar Avas Yojana
 Discuss Question
Answer: Option A. -> Indra Avas Yojana
Answer: (a)
Question 148. In the context of the Indian economy, consider the following pairs based on Term and Most Appropriate Description?

  1. Melt down - Fall in stock prices

  2. Recession - Fall in growth rate

  3. Slow down - Fall in GDP


Which of the pair(s) given above is/are correctly matched?
  1.    Only 1
  2.    1 and 3
  3.    1, 2 and 3
  4.    2 and 3
 Discuss Question
Answer: Option A. -> Only 1
Answer: (a)
Question 149. Consider the following statements:

  1. Lorenz curve represent economic inequality

  2. Kuznets curve represents the level of inequality associated with economic development


Select the correct answer using the code given below:
  1.    Both (i) & (ii)
  2.    (i) only
  3.    (ii) only
  4.    Neither (i) nor (ii)
 Discuss Question
Answer: Option A. -> Both (i) & (ii)
Answer: (a)
Lorenz curve was developed by Max O Lorenz in 1905 for representing inequality of the wealth distribution of a country or province.
The Lorenz curve is used to show what percentage of a nation's residents possess what percentage of that nation's wealth. While the Lorenz curve is most often used to represent economic inequality, it can be used to represent inequality in any system.
The Kuznets curve is a hypothetical curve that graphs economic inequality against per capita income over the course of economic development.
In the 1950s and 1960s, Simon Kuznets hypothesized that as an economy develops, market forces first increase then decrease the overall economic inequality of the society, which is illustrated by the inverted U-shape of the Kuznets curve.
Question 150. “Absence of minimum income to get the minimum needs of life” is concerned with which of the following types of poverty?
  1.    Relative poverty
  2.    Absolute poverty
  3.    Both (a) & (b)
  4.    None of the above
 Discuss Question
Answer: Option B. -> Absolute poverty
Answer: (b)
Absolute poverty is when you are unable to buy or pay for basic living needs such as basic food, water, simple housing, simple clothing.
Relative poverty is when you are unable to buy or pay for food, water, housing, clothing etc that others are able to spend.

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