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Development Test - 31

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Development Test - 31
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Weekly Quiz Competition
  • Question 1
    1 / -0
    National Social Assistance Programme is aimed at providing
    Solution

    The National Social Assistance Programme (NSAP) is a Centrally Sponsored Scheme of the Government of India that provides financial assistance to the elderly, widows and persons with disabilities in the form of social pensions. The main aim is To reach out to and provide social security to vulnerable sections of society, particularly those living below the poverty line.

  • Question 2
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    Which of the following state is the leading producer of Salt(Rock)?
    Solution

    Gujarat is the largest salt producer state of India and third largest in the world. The state contributes 76 percent to the total salt production in India, Kharaghoda,Bhavnagar, Porbandar and Rann of Kutch of Gujarat are major salt produced districts.

  • Question 3
    1 / -0
    Which of the following state is the leading producer of Sulphur?
    Solution

    Among the states, Haryana accounted for 41% of the total sulphur production and it was followed by Gujarat 23%, Maharashtra 13%, Uttar Pradesh 11%, West Bengal 10% and the remaining 2% production was contributed by Bihar and Assam.

  • Question 4
    1 / -0
    Stock Exchanges play, role in an economy which may be termed as 
  • Question 5
    1 / -0
    Singareni Coal mine is located in the state of
  • Question 6
    1 / -0
    Digboi Oil mine is located in the state of
    Solution

    Digboi. Crude oil was discovered here in late 19th century and first oil well was dug in 1866. Digboi is known as the Oil City of Assam where the first oil well in Asia was drilled. The first refinery was started here as early as 1901. The colonial era saw the first oilfield being developed by the Assam Oil Company, a private entity, in Digboi in Tinsukia district of Assam, where oil was discovered barely eight years after Edwin L Drake drilled the world's first oil well in 1859 in Titusville, Pennsylvania, US.

  • Question 7
    1 / -0
    Which of the following state is in the second place in the production of Quartz?
    Solution

    Quartz is a hard, crystalline mineral composed of silicon and oxygen atoms. The atoms are ... Quartz is the second most abundant mineral in Earth's continental crust, behind ... The transformation from α-quartz to β-quartz takes place abruptly at 573 °C ... with much of its production coming from the state of Rio Grande do Sul. The second state in quartz production is Rajasthan.

  • Question 8
    1 / -0
    Which among the following is not a Bretton Woods Institution?
    Solution

    The Bretton Woods system lasted between 1945 -1972. Its main objectives were to design a post-war monetary system that facilitates greater stability of the exchange rateswithout using the gold standard and to promote international trade and development. The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF). They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944. Their aims were to help rebuild the shattered postwar economy and to promote international economic cooperation hence OEDC does not come under BWI.

  • Question 9
    1 / -0
    Which of the following state is the leading producer of Laterite?
    Solution

    Andhra Pradesh was the leading state in laterite production contributing 77% of the total production, followed by Madhya Pradesh (11%), Karnataka (5%) and Gujarat (3%). Laterite soils are found mainly in the states of Karnataka, Kerala, Tamil Nadu, Madhya Pradesh and the hilly regions of Orissa and Assam.

  • Question 10
    1 / -0
    When there is one buyer and many sellers then that situation is called
    Solution

    In economics, a monopsony (mono: single) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one seller faces many buyers. As the only purchaser of a good or service, the monopsonist may dictate terms to its suppliers in the same manner that a monopolist controls the market for its buyers. It is also known as Single buyer Right. A single-payer universal health care system, in which the government is the only “buyer” of health care services, is an example of a monopsony. Another possible monopsony could develop in the exchange between the food industry and farmers.

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