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MCQs

Total Questions : 169 | Page 2 of 17 pages
Question 11. Consider the following statements regarding the activities that would be considered in the new Corporate Social Responsibility (CSR) rules for companies.

  1. Livelihood enhancement and rural development projects

  2. Promoting preventive health care and sanitation as well as making safe drinking water available

  3. Working towards the protection of national heritage, art and culture

  4. Setting up public libraries


Which of the statements given above is/are correct?
  1.    2 and 3
  2.    1 and 2
  3.    1, 2 and 3
  4.    1, 2, 3 and 4 all
 Discuss Question
Answer: Option D. -> 1, 2, 3 and 4 all
Answer: (d)
New Corporate Social Responsibility (CSR) rules will apply to companies with at least Rs. 5 crores net profit, or Rs. 1, 000 crores turnover or `500 crores net worth.
As part of the new Companies Act, these new CSR rules came into effect on April 1, 2014.
Question 12. Consider the following statements:
  1. Rashtriya Kishor Swasthya Karyakram is country’s first comprehensive adolescent health programme.
  2. It covers boy and girls in the age of 13 to 19 years.
Which of the statements given above is/are correct?
  1.    2 and 3
  2.    1 and 2
  3.    1 only
  4.    1, 2 and 3
 Discuss Question
Answer: Option C. -> 1 only
Answer: (c)Rashtriya Kishor Swasthya Karyakram is country’s first comprehensive adolescent health programme. It covers boys and girls in the age of 10 to 19 years in urban and rural areas.
Question 13. Consider the following statements regarding expenditure done by the General Government:

  1. Expenditure on education is around 3%

  2. Expenditure on health is around 1.5%


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)
General Government means, central and state combined.
Question 14. The value of money varies
  1.    directly with the, interest rate
  2.    directly with the volume of employment
  3.    directly with the price level
  4.    inversely with the price level
 Discuss Question
Answer: Option D. -> inversely with the price level
Answer: (d)
The variation in the value of money is always accompanied by the opposite variation in the price of commodities and services.
In brief, the value of money varies inversely with the price level. It is reciprocal of the price level.
Vm =1/p (where Vm denotes the value of money and p stands for price level).
Question 15. When did the Community Development Programme start in India?
  1.    1958
  2.    1952
  3.    1951
  4.    1955
 Discuss Question
Answer: Option B. -> 1952
Answer: (b)
Question 16. Poverty Gap is defined as:

  1. It is the ratio by which the mean income of the poor falls below the poverty line as a proportion of the poverty line

  2. It is used to reflect the intensity of poverty


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)
Poverty gap is the ratio by which the mean income of the poor falls below poverty line as a proportion of poverty line.
Poverty gap is used to reflect the intensity of poverty.
Question 17. Which of the following statements are true regarding ‘replacement level fertility’?
  1.    It is the level of fertility at which a population exactly replaces itself from one generation to another
  2.    It is the level of fertility at which population remains constant
  3.    It is the level of fertility at which population growth remains constant
  4.    None of the above
 Discuss Question
Answer: Option A. -> It is the level of fertility at which a population exactly replaces itself from one generation to another
Answer: (a)
Question 18. Consider the following statements:

  1. Members of Parliament Local Area Development Scheme (MPLADS) is a scheme formulated by the Government of India on 23 December 1993.

  2. MPLADS allows members of Parliament for spending up to 2 crores per year on local area development.


Which of the statements given above is/are correct?
  1.    2 only
  2.    1 and 2
  3.    1 only
  4.    None
 Discuss Question
Answer: Option C. -> 1 only
Answer: (c)
Members of Parliament Local Area Development Scheme (MPLADS) is a scheme formulated by the Government of India on 23 December 1993.
MPLADS allows members of Parliament for spending on local area development. It started as Rs. 1 crore per constituency each year, then grew to Rs. 2 crores and now is Rs. 5 crores.
Question 19. Consider the following statements :

  1. National Mission for Sustaining the Himalayan Ecosystem (NMSHE) was launched during the 12th Plan.

  2. NMSHE covers 10 states.


Which of the statements given above is/are correct?
  1.    2 only
  2.    1 only
  3.    1 and 2 both
  4.    None
 Discuss Question
Answer: Option B. -> 1 only
Answer: (b)
NMSHE was launched during the 12th Plan to sustain the Himalayan ecosystem, continuously assess its health status.
The NMSHE covers 12 Himalayan states of
Jammu and Kashmir,
Himachal Pradesh,
Uttarkhand,
Sikkim,
Arunachal Pradesh,
Nagaland,
Manipur,
Mizoram,
Tripura,
Meghalaya,
Assam and
West Bengal.
Question 20. The concept which tries to ascertain the actual deficit in the revenue account after adjusting for expenditure of capital nature is termed as
  1.    revenue deficit
  2.    fiscal deficit
  3.    effective revenue deficit
  4.    primary deficit
 Discuss Question
Answer: Option C. -> effective revenue deficit
Answer: (c)
Effective Revenue Deficit is basically a revenue deficit excluding expenditure on capital generation from grants from the Centre to the states.
It signifies the number of capital receipts that are being used for the actual consumption expenditure of the Government.
It is a new term introduced in the Union Budget 2011-12. It has now become a new fiscal parameter.

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