Test: Bihar Specific (Economy - III) - Software Development MCQ

The correct answer is Ayodhya.

Key Points

• Makhana Research Center in Darbhanga, Bihar, is planning to train farmers from Uttar Pradesh on cultivating Mithila Makhana.
• Agricultural University in Ayodhya is involved in this collaboration.
• The Makhana Research Center in Darbhanga is a leading institution in the field of Mithila Makhana research and development.
• The Agricultural University in Ayodhya is a well-respected institution with a strong focus on agricultural education and research.

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The correct answer is Rs. 4,768.

Key Points

• Urban areas in Bihar demonstrated the strong growth in average monthly per capita expenditure (MPCE).
• It increased by a significant 216.4% from Rs. 1,506 in 2011-12 to Rs. 4,768 in 2022-23.
• With the exception of Bihar, Gujarat, Punjab, and Delhi, rural areas across India showed faster growth in average MPCE compared to urban areas.
• This trend indicates a potential narrowing of the economic gap between rural and urban locations.
• The rise in MPCE reflects improving living standards and increased spending power. 
• Bihar's notable growth in urban areas could signal positive economic development and a rise in disposable income within the state.
  

Additional Information

• Kerala continues to hold the top spot for overall MPCE, with Rs. 5,924 in rural areas.
• Haryana leads the chart in urban MPCE with Rs. 7,911, followed by Karnataka and Tamil Nadu.

The correct answer is Option 4.

Key Points

• The Airports Authority of India (AAI) has started a facility for disabled passengers and passengers with difficulty walking at Patna Airport.
• Now disabled passengers or patients will not have any problem in boarding or disembarking the aircraft.
• The Ambulift facility has been started at AAI airports to facilitate barrier-free movement. 

Additional Information

•  The Ambulift is a specially designed vehicle that can lift passengers from the ground to the aircraft door and vice versa.
• It is equipped with a stretcher and a wheelchair, and can accommodate up to two passengers at a time.
• The Ambulift service is available at all AAI airports across India.
• To avail the service, passengers need to contact their airline at least 48 hours in advance of their flight.
• The airline will then make arrangements for the Ambulift to be available at the airport at the time of the passenger's flight.

The correct answer is 3%.

Key Points

The Bihar Budget Analysis 2024-25, presented by PRS Legislative Research, reveals interesting information regarding the state's targeted fiscal deficit. Here's a breakdown with additional details:

Targeted Fiscal Deficit:

• Percentage of GSDP: 3%
• Amount: Rs 29,095 crore
• Comparison: 
  • Lower than the revised estimate for 2023-24 (8.9% of GSDP) and the budgeted figure for the same year (3% of GSDP).
  • Within the limit mandated by the central government (3.5% of GSDP, of which 0.5% is available upon undertaking power sector reforms). 

Significance:

• Improvement from previous year: This targeted deficit indicates a positive step towards fiscal consolidation compared to the high deficit levels experienced in the previous year.
• Compliance with central government guidelines: Staying within the mandated limit ensures access to additional resources from the central government.
• Challenge of achieving target: It's important to consider that achieving this target depends on effective management of government spending and revenue generation.

Additional Information

• Revenue surplus: Projected to be Rs 1,121 crore in 2024-25, indicating a projected balance between revenue and expenditure, compared to the expected deficit in the previous year.
• Overall economic performance: The budget analysis also projects a 13.5% growth in Bihar's GSDP, suggesting both economic growth and efforts towards fiscal responsibility.

• The construction of a green GIS grid has begun at the PMCH campus in Patna.
• The project is expected to be completed in 18 months.
• The total construction cost is estimated at Rs 255.89 crore.
• This will be the first green grid substation in Bihar.
• The substation will benefit residents near PMCH and Patna University.
• The green GIS grid technology offers reduced maintenance, increased safety, and lower environmental impact.
• This project signifies Bihar's commitment to clean energy and sustainable development.

The correct answer is Rs 9.76 lakh crore.

Key Points

The Bihar Budget Analysis 2024-25, presented by PRS Legislative Research, paints a picture of the state's projected economic performance for the upcoming financial year. Here's a breakdown of key insights:

Gross State Domestic Product (GSDP):

• Projected GSDP: Rs 9.76 lakh crore (at current prices)
• Growth: 13.5% increase compared to the previous year
• Significance: This indicates positive economic growth for Bihar.

Fiscal Deficit:

• Targeted Deficit: 3% of GSDP (Rs 29,095 crore)
• Comparison: Lower than the revised estimate for 2023-24 (8.9% of GSDP) and the budgeted figure for the same year (3% of GSDP).
• Significance: This suggests that Bihar aims to reduce its fiscal deficit and achieve a more sustainable fiscal position.

Additional Information

• Revenue Surplus: Projected to be Rs 1,121 crore in 2024-25, marking a significant improvement compared to the expected revenue deficit of Rs 35,530 crore in 2023-24.
• Receipts: Estimated to grow by 5.7% compared to the revised estimates of the previous year, indicating an increase in revenue collection.

The correct answer is Rs 1,121 crore.

Key Points

• The estimated amount (in crore rupees) of revenue surplus in Bihar for 2024-25 is Rs 1,121 crore.
• This information is found on the first page of the document "Bihar Budget Analysis 2024-25" under the heading "Budget Highlights".
• It highlights that this surplus represents 0.1% of the state's Gross State Domestic Product (GSDP).

Additional Information

• Economic Growth: The GSDP of Bihar for 2024-25 is projected to be Rs 9.76 lakh crore, reflecting a growth of 13.5% compared to the previous year. This indicates a positive outlook for the state's economy.
• Fiscal Deficit: The government is targeting a fiscal deficit of 3% of GSDP for 2024-25, which translates to Rs 29,095 crore. This suggests they aim to maintain a balance between spending and revenue generation.
• Expenditure: Compared to the revised estimates of 2023-24, the expenditure (excluding debt repayment) in 2024-25 is expected to decrease by 12%. This might indicate a focus on streamlining spending or a conservative budget approach.
• Revenue: Receipts (excluding borrowings) for 2024-25 are estimated at Rs 2,27,238 crore, showing an increase of 5.7% over the revised estimates of 2023-24. This suggests the government is expecting a modest rise in revenue streams.
• Shift from Deficit: It's important to note that Bihar is expected to move from a revenue deficit in 2023-24 (as per revised estimates) to a revenue surplus in 2024-25. This signifies a significant improvement in managing their income and expenditure.

• 2400 MW thermal power station will be built in Pirpainti, Bhagalpur, Bihar.

• The project is being undertaken in collaboration with Coal India, with an estimated expenditure of Rs 20,000 crore.
• Sanjeev Hans, Chairman cum Managing Director of Bihar State Power Holding Company Limited, has approved the project.
• The thermal power plant will span across 1020.60 acres of land acquired with the assistance of Coal India.
• Energy Minister Bijendra Prasad Yadav expressed optimism that the project will enhance electricity availability in Bihar.

Additional Information

• Sanjeev Hans mentioned that the project was finalized during discussions with Coal India representatives.
• Coal India expressed interest in establishing a coal-based electric thermal station in Peerpainti, utilizing the coal reserves in the region.
• The project will be jointly operated by the electricity company of Bihar and Coal India, utilizing the acquired land valued at Rs 2,000 crore.

• The trade mark for "Bihar Tea" has been approved in Kishanganj district of Bihar. 

• Kishanganj District Officer Tushar Singla expressed happiness over this approval.
• The approval gives Bihar tea a unique identity, benefiting tea producers in Kishanganj district.
• Tea cultivation in Bihar spans approximately 5600 hectares, with Kishanganj being a major district.
• Local farmers Raj Karan Daftari and Rajiv Lochan ji played a significant role in initiating tea cultivation in Kishanganj.
• The approval aims to boost employment opportunities and halt migration by promoting local tea production.
• The Agriculture Department of Bihar has urged offices to utilize tea from Bihar-based producers, including Rajwadi Tea, Imran Tea and Agro Factory, Donk Tea, and Mala Green Tea Factory in Kishanganj.

The correct answer is Option 2.
Key Points

• Bihar has a rich tradition of handloom weaving, with various regions known for their unique textiles and techniques.
• However, the industry faces challenges like competition from power looms and difficulty in reaching wider markets.
• The government's initiative in Muzaffarpur aims to address these issues by strengthening the local Handloom Weavers Cooperative Society.

Important Points

• Focus: The government is focusing on the Muzaffarpur Handloom Weavers Cooperative Society. This suggests a potential two-pronged approach:
  • Strengthening the Society: By providing resources or improving infrastructure, the society can better support its members (weavers) and promote collective marketing.
  • Promoting Muzaffarpur Handloom: Registering the society with the Handloom Mark creates a distinct identity for Muzaffarpur's handloom products.
• Handloom Mark: This is a Government of India certification that assures the quality and authenticity of handwoven products.
  • It acts as a mark of trust for consumers and can potentially fetch higher prices for weavers.
  • The passage mentions UID (Unique Identification Number) as a possible criterion for weavers to be eligible for the Handloom Mark. This could ensure traceability and responsible sourcing.