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Test: India Year Book - 2


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25 Questions MCQ Test Indian Economy (Prelims) by Shahid Ali | Test: India Year Book - 2

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Test: India Year Book - 2 - Question 1

Consider the following statements about Hindustan Aeronautics Limited (HAL):

  1. HAL is a Maharatna Company.
  2. Its expertise includes design, production, repair, overhaul and upgrade of aircraft, helicopters, aero-engines, accessories, avionics and systems.

Which of the above statements is/are correct?

Detailed Solution for Test: India Year Book - 2 - Question 1

Ans: b

Explanation: Hindustan Aeronautics Limited (HAL) is a Navratna Company and a premier aeronautical complex of South Asia. HAL’s expertise encompasses design, production, repair, overhaul and upgrade of aircraft, helicopters, aero-engines, accessories, avionics and systems.

Test: India Year Book - 2 - Question 2

 Which of the following is a Mini-Ratna company?

Test: India Year Book - 2 - Question 3

 Which of the following statements is NOT correct about Nirbhay?

Detailed Solution for Test: India Year Book - 2 - Question 3

Ans: b

Explanation: Nirbhay is India’s first indigenously designed and developed long range subsonic cruise missile having 1,000 km range and capable of carrying up to 300 kg warheads. It incorporates state-of-the-art inertial navigation system. Nirbhay was successfully flight tested on October 17, 2014.

Test: India Year Book - 2 - Question 4

Consider the following statements about ‘Padhe Bharat Badhe Bharat’:

  1. It is a nationwide sub-programme under the SSA.
  2. It was launched to create a natural and positive interest in mathematics related to their physical and social world.

Which of the above statements is/are correct?

Detailed Solution for Test: India Year Book - 2 - Question 4

Ans: c

Explanation: Another major initiative of the Government of India is a nationwide sub-programme under the SSA called ‘Padhe Bharat Badhe Bharat’. Launched in 2014, this programme has been planned in a twin track approach: (i) to improve language development by creating an enduring interest in reading and writing with comprehension; and (ii) to create a natural and positive interest in mathematics related to their physical and social world.

Test: India Year Book - 2 - Question 5

 Which of the following about ‘Saransh’ is correct?

Detailed Solution for Test: India Year Book - 2 - Question 5

Ans: c

Explanation: Saransh is a web portal launched by Central Board of Secondary Education of India, with the primary aim of promoting information and communication technologies in schools. The Human Resource Development Minister Smriti Irani launched the portal on 07th November, 2015. Saransh is a self-review tool for all CBSE affiliated schools and parents. This tool aims at bringing transparency to the educational system in India.

Test: India Year Book - 2 - Question 6

Electricity supply commenced in India, for the first time, in ______________ during 1897.

Detailed Solution for Test: India Year Book - 2 - Question 6

Ans: d

Explanation: Power development in India commenced at the end of the nineteenth century with the commissioning of electricity supply in Darjeeling during 1897, followed by the commissioning of a hydropower station at Sivasamudram in Karnataka during 1902.

Test: India Year Book - 2 - Question 7

When Rajiv Gandhi Grameen Vidyutikaran Yojana was launched?

Detailed Solution for Test: India Year Book - 2 - Question 7

Ans: c

Explanation: Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY): This scheme of Rural Electricity Infrastructure and Household Electrification was introduced in April, 2005 for providing access to electricity to all rural households over a period of four years.

Test: India Year Book - 2 - Question 8

Satluj Jal Vidyut Nigam Ltd. Is a joint venture between Government of India (GoI) and

Detailed Solution for Test: India Year Book - 2 - Question 8

Ans: b

Explanation: Satluj Jal Vidyut Nigam Ltd. (SJVN) was incorporated on May 24, 1988 as a joint venture of the Government of India (GoI) and the Government of Himachal Pradesh (GoHP) to plan, investigate, organize, execute, operate and maintain Hydro Electric Power Projects in Satluj basin in Himachal Pradesh and at any other place with equity contribution of GoI and GoHP as 75:25, respectively.

Test: India Year Book - 2 - Question 9

Ethanol Blended Petrol (EBP) Programme was extended to entire India except

Detailed Solution for Test: India Year Book - 2 - Question 9

Ans: d

Explanation: The Government had started the Ethanol Blended Petrol (EBP) Programme in 2003. In 2006, the same was extended to the entire country, except the north-eastern states, Jammu and Kashmir, Andaman and Nicobar Islands and Lakshadweep.

Test: India Year Book - 2 - Question 10

Coal India Limited (CIL) is a ‘Maha Ratna’ company under the Ministry of Coal with headquarters at _________

Detailed Solution for Test: India Year Book - 2 - Question 10

Ans: d

Explanation: Coal India Limited (CIL) is a ‘Maha Ratna’ company under the Ministry of Coal, Government of India with headquarters at Kolkata, West Bengal.

Test: India Year Book - 2 - Question 11

Which of the following s NOT correct about The Biological Diversity Act?

Detailed Solution for Test: India Year Book - 2 - Question 11

Ans: b

Explanation: The Biological Diversity Act, 2002 came into force in 2003. The Act extends to the whole of India. The objectives of the Act are conservation, sustainable utilization and fair and equitable sharing of benefits arising out of the use of biological resources and associated knowledge. The Act is being implemented in three-tiered institutional structures. The NBA is a body corporate established in accordance with the provisions of Section 8 of the Biological Diversity Act, 2002, at Chennai in 2003. It is an autonomous, statutory and regulatory organization which is intended to implement the provisions of Biological Diversity Act, 2002.

Test: India Year Book - 2 - Question 12

Which of the following coral reefs areas is NOT identified for intensive conservation and management in India?

Detailed Solution for Test: India Year Book - 2 - Question 12

Ans: c

Explanation: The four major coral reefs areas identified for intensive conservation and management in India are: i) Gulf of Mannar; ii) Gulf of Kutch; iii) Lakshadweep; and iv) Andaman and Nicobar Islands.

Test: India Year Book - 2 - Question 13

Which of the following states is NOT covered under project Elephant?

Detailed Solution for Test: India Year Book - 2 - Question 13

Ans: a

Explanation: The project Elephant is being mainly implemented in 16 states/union territories, viz. Andhra Pradesh, Arunachal Pradesh, Assam, Chhattisgarh, Jharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, Nagaland, Odhisa, Tamil Nadu, Tripura, Uttarakhand, Uttar Pradesh and West Bengal.

Test: India Year Book - 2 - Question 14

In which state Mansar- Surinsar wetland is situated which has been included in Prime Minister’s Reconstruction Plan?

Detailed Solution for Test: India Year Book - 2 - Question 14

Ans: a

Explanation: Under the Prime Minister ’s Reconstruction Plan, three wetlands namely Tso Morari in Laddakh, Mansar- Surinsar in Jammu and Wullar in Srinagar were identified from Jammu and Kashmir

Test: India Year Book - 2 - Question 15

Consider the following statements about Pradhan Mantri Jeevan Jyoti BimaYojana:

  1. It covers both natural and accidental death risk.
  2. The sum assured is Rs. 1 lakh.

Which of the above statements is/are correct?

Detailed Solution for Test: India Year Book - 2 - Question 15

Ans: a

Explanation: Pradhan Mantri Jeevan Jyoti BimaYojana to cover both natural and accidental death risk of Rs. 2 lakh at premium of Rs. 330 per year for the age group of 18-50.

Test: India Year Book - 2 - Question 16

 India’s foreign exchange reserves comprise foreign currency assets (FCAs), gold, SDRs and Reserve Tranche Position with ________

Detailed Solution for Test: India Year Book - 2 - Question 16

Ans: c

Explanation: India’s, foreign exchange reserves comprise foreign currency assets (FCAs), gold, SDRs and Reserve Tranche Position (RTP) in the IMF.

Test: India Year Book - 2 - Question 17

Which of the following about Forward Markets Commission is NOT correct?

Detailed Solution for Test: India Year Book - 2 - Question 17

Ans: b

Explanation: Forward Markets Commission (FMC) headquartered at Mumbai, is a regulatory authority for commodity futures market in India. It is a statutory body set-up under Forward Contracts (Regulation) Act, 1952. The commission functions under the administrative control of the Ministry of Finance, Government of India.

Test: India Year Book - 2 - Question 18

In which of the following sector 100% FDI is not allowed?

Detailed Solution for Test: India Year Book - 2 - Question 18

Ans: c

Explanation: In power exchanged 49% FDI is allowed.

Test: India Year Book - 2 - Question 19

Which of the following was chairman of the seventh pay commission?

Detailed Solution for Test: India Year Book - 2 - Question 19

Ans: d

Explanation: The Seventh Central Pay Commission comprises the following: Chairman – Justice Shri Ashok Kumar Mathur; Member – Shri Vivek Rae; Member-Dr. Rathin Roy; Secretary-Smt. Meena Agarwal.

Test: India Year Book - 2 - Question 20

The Central Pension Accounting Office is an attached office under 

Detailed Solution for Test: India Year Book - 2 - Question 20

Ans: a

Explanation: The Central Pension Accounting Office (CPAO) was established from 1990 for payment and accounting of Central (Civil) pensioners and pension to Freedom Fighters, etc. CPAO is an attached office under the Controller General of Accounts.

Test: India Year Book - 2 - Question 21

 When the proposal to introduce a national level Goods and Services Tax (GST) was first mooted by the Finance Minister in the Budget Speech

Detailed Solution for Test: India Year Book - 2 - Question 21

Ans: a

Explanation: The proposal to introduce a national level Goods and Services Tax (GST) by April 1, 2010 was first mooted by the Finance Minister in the Budget Speech for the Financial Year 2006-07.

Test: India Year Book - 2 - Question 22

Which of the following statements is NOT correct about Swavalamban Scheme?

Detailed Solution for Test: India Year Book - 2 - Question 22

Ans: c

Explanation: To encourage the workers in the unorganized sector to save voluntarily for their old age, an initiative called Swavalamban Scheme was launched in 2010. It is a co-contributory pension scheme whereby the Central Government would contribute a sum of Rs. 1,000 per annum in each NPS account opened having a saving of Rs. 1,000 to Rs. 12,000 per annum. Government will provide contribution for five years to the beneficiaries who register in the year 2010-11, 2011-12 and 2012- 13.

Test: India Year Book - 2 - Question 23

In which of the following country LIC has no branch office?

Detailed Solution for Test: India Year Book - 2 - Question 23

Ans: d

Explanation: The LIC has branch Offices in Fiji, Mauritus and United Kingdom.

Test: India Year Book - 2 - Question 24

 Micro Units Development and Refinance Agency Bank has been set-up  

Detailed Solution for Test: India Year Book - 2 - Question 24

Ans: d

Explanation: Micro Units Development and Refinance Agency Bank (MUDRA Bank), is a new institution set-up by the Government of India for development of micro units and refinance of MFIs to encourage entrepreneurship in India and provide the funding to the non corporate small business sector.

Test: India Year Book - 2 - Question 25

Consider the following statements:

  1. The Ministry of corporate affairs has a three tier organizational structure.
  2. Registrars of Companies (RoCs) are vested with the primary duty of registering companies in states only.

Which of the above statements is/are correct?

Detailed Solution for Test: India Year Book - 2 - Question 25

Ans: a

Explanation: The Ministry of corporate affairs has a three tier organizational structure with the headquarters at New Delhi, seven offices of Regional Directors at Ahmedabad, Chennai, Guwahati (presently functioning at Shillong), Hyderabad, Kolkata, Mumbai, and NOIDA. Registrars of Companies (RoCs) are vested with the primary duty of registering companies in states and union territories and ensuring that such companies comply with statutory requirements under the Companies Act. These offices function as a registry of records, relating to the companies registered with them, these records are available for inspection by the public on payment of prescribed fees.

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