INDIAN ECONOMY QUIZ 13

National Payment Corporation of India (NPCI)............

1. is an umbrella organization for all retail payments system in India.
2. is the nodal body for Bharat Bill Payment System.

iii. has launched Rupay, a new card payment system.

Assertion (A): Jharkhand, Chattisgarh, Orissa are poverty ridden states of India.

Reason (R): These states are rich in mineral resources.

Rearrange the origin of money in a sequential order:

1. Cheque
2. Metallic money

iii. Commodity money

1. Paper money

Codes:

Which of the following statements is/are correct?

1. 'Smart City Mission' is based on area based strategy, whereas, AMRUT adopts a project based approach.
2. Under the Smart City Mission, cities will be selected through a 'City Challenge Competition.

iii. AMRUT provides state governments the flexibility to design schemes.

Pradhan Mantri Kaushal Vikas Yojana.

1. Shall be implemented through Public-Private partnerships.
2. Will be implemented through National Skill Development Corporation.

Which of the following statements regarding the Essential Commodities Act, 1955 is/are not correct?

1. Stockholding limits for commodities under the act are imposed by state governments and UTS.
2. Stockholding of pulses is not regulated under the act.

Assertion (A): Financial inclusion is desirable to help weaker sections of society in the country.

Reason (R): Investment activity needs to be promoted to facilitate access to development benefits to masses.

Codes:

Which of the following pair/s in respect of Scheme is/are correctly matched.

1. Swadhar: addresses socioeconomic empowerment of all women.
2. Saksham: addresses women livelihood.

iii. Swayamsiddha: addresses women victims of trafficking.

The advantages of Mid Day Meal scheme is/are………

1. Reducing drop-out rates in schools.
2. Encouragement of children, belonging to disadvantaged sections, to attend school.

iii. Nutritional support to children in drought affected areas during summer vacations.

1. Enhanced employment opportunities for women.

Assertion (A): In the heydays of planning Amartya Sen advocated the adoption of capital intensive technique for Indian economy. Reason (R): India was a relatively labour abundant country.

Sukanya Samriddhi Scheme ........

1. Has been launched as sub-scheme under Pradhanmantri Jan Dhan Yojana.
2. Ensures to open account under the scheme in both commercial banks and post offices.

iii. Does not allow for withdrawal from the account before the girl child has reached 18 years of age.

Which of the following statements is/are correct regarding 'Indira Gandhi Matritva Sahyog Yojana?

1. It aims to provide cash assistance to pregnant women to meet their health and nutrition needs.
2. It compensates for wage loss to mother during pregnancy and period of lactation.

iii. All organized sector employees are excluded from the scheme.

Arrange these statements according to their implementation:

1. Commission on agricultural costs and prices.
2. The Foodgrains enquiry committee.

iii. State trading of food grain.

1. Food grain policy committee.

Codes:

................is/are not Capital account/s with reference to Balance of Payments (BOP),

1. External Commercial Borrowings
2. Portfolio Investment

iii. Personal Income

1. Non-Resident Deposits

Fiscal reform measures in India included

1. Increasing Tax-GDP ratio
2. Expenditure Management

iii. Managing revenue deficit and fiscal deficit.

1. Increasing liquidity in the economy

Find the correct combination from the given codes:

Which of the following statements is/are correct?

1. While a debenture is an ownership capital, a share capital is the credit to the company,
2. While interest is paid on debentures, dividend is paid on shares.

Which of the following statements is/are correct regarding Monetary Transmission?

1. It refers to the process by which a central bank's monetary policy decisions are passed on to the financial markets.
2. Rising Non Performing Assets (NPAs) and higher returns on small savings schemes may hinder effective monetary transmission.

iii. Lowering help of CRR and SLR requirements may ensure effective monetary transmission.

Assertion (A): Gold standard was finally given up after the Second World War.

Reason (R): Countries had different rates of inflation.

Codes:

The rights recognized under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 are...............

1. Right to hold and live in the forest land for habitation or for self-cultivation for livelihood.
2. Right of ownership, access to collect, use and dispose of minor forest produce.

iii. Right to protect, regenerate or conserve or manage any community forest resource.

1. Right to convert forest villages into revenue villages.

Accredited Social Health Activist (ASHA) workers........

1. Are community health workers instituted by Ministry of Women and Child Development.
2. Is mandatory that ASHA workers must be qualified up to 10 standard.

iii. Are authorized to perform minor operations in case of emergency.

Which of the following is/are the reasons for unbalanced urbanization in India?

1. Uncontrolled growth of population has made plans for public facilities ineffective.
2. Real estate businesses are focusing on basic infrastructure for the public rather than building high-end luxury homes.

Assertion (A): Indian economy is on a higher growth trajectory in the Post-Reforms era.

Reason (R): Trade is an engine of growth.

Universal Service Obligation Fund (USOF) ..........

2003. has been accorded statutory status under Indian Telegraph (Amendment) Act, 2003.
2004. Funds Bharat Net project.

Which of the following statements  is/are correct regarding Sarva Shiksha Abhiyan?

1. It aims to bridge all gender and social category gaps at both primary and elementary level.
2. It provides for establishment of early childhood care and education centers in schools.

iii. It aims recruitment of 50% women teachers. 

1. The governing council of the scheme will be chaired by Minister of Human Resource and Development.

Competition Act, 2002:

1. Prohibits such Mergers and Acquisitions as may adversely affect the competition within India.
2. Does not apply to public sector enterprises.

iii. Replaced the Monopoly and Restrictive Trade Practices Act, 1969.

Which of the following statements is/are correct regarding Gender Budgeting in India?

1. It is an accounting exercise that demarcates a separate budget for women.
2. To institutionalize gender budgeting, all central Ministries/Departments are required to set up Gender Budgeting Cells.

iii. Ministry of Women and Child development is the nodal agency for gender budgeting in India.