Indian Economy Test 62

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Indian Economy Test 62

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Weekly Quiz Competition

Question 1
1 / -0

Consider the following statements
1. A Comprehensive Economic Partnership Agreement (CEPA) between India and Republic of Korea was signed in 2009 which came into force in 2010.
2. The India-Korea CEPA is India's first FTA with an OECD country and second comprehensive agreement signed by India, after the 2005 India-Sri lanka CECA.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 2
1 / -0

With reference to Pradhan Mantri Ujjwala Yojana consider the following statements.
$$1.$$ It aims at providing free of cost electricity connections BPL household.
$$2.$$ To provide free of cost LPG (cooking gas) connections to women from BPL households.
$$3.$$ Identification of BPL families will be made in consultation with the state Governments and the Union Territories.
Select the correct answer using the code given below.

A
Only $$1$$

B
Only $$2$$

C
$$1, 2$$ and $$3$$

D
$$2$$ and $$3$$

Solution

Pradhan Mantri Ujjwala Yojana was launched by the Prime Minister on May 1st, 2016 in Balia, Uttar Pradesh. The scheme provides a financial support of Rs. 1600 for each LPG connection to the eligible BPL households. The connections under the scheme will be given in the name of women-head of the households. So both the statements 2 and 3 are correct.
Question 3
1 / -0

Consider the following about National Knowledge Commission.
$$1$$. The Prime Minister of India, Dr. Manmohan Singh, constituted the National Knowledge Commission.
$$2$$. The commission was to recommend reform of the education sector, research labs, and intellectual property legislation.
$$3$$. The NKC website was launched in February $$2006$$.
Which of the statements given is/are true?

A
$$1$$ and $$2$$

B
$$2$$ and $$3$$

C
$$1$$ and $$3$$

D
$$1, 2$$ and $$3$$
Question 4
1 / -0

In India, Special Economic Zones were established to enhance:

A
Free trade

B
Foreign Investment

C
Employment

D
Technology Development
Question 5
1 / -0

Who was the head of the -10th Finance Commission?

A
Manmohan Singh

B
Vasant Sathe

C
Shiv-Shankar

D
K.C Pant
Question 6
1 / -0

Ujjivan Small Finance Bank Ltd has been given scheduled bank status by RBI Headquarters of Ujjivan Small Finance Bank is located in which of the following city?

A
Mumbai

B
Chennai

C
Trissur

D
Bengaluru
Question 7
1 / -0

Special Economic zones are ____________.

A
the places where industries can operate without any control

B
the places wherein any person can start any industry

C
the places where industries get certain tax advantages

D
the places wherein the national wherein the national labour laws do not apply

Solution

A special economic zone (SEZ) is an area in which business and trade laws differ from the rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade increased investment, job creation and effective administration.
Question 8
1 / -0

Which of the following city has been named world's most liveable city for a record seventh year in a row, according to the Economist Intelligence Unit's Global Liveability Report 2017?

A
Melbourne

B
London

C
Tokyo

D
New York
Question 9
1 / -0

Capital account convertibility signifies ________________________.

A
guaranteeing the right to investment to foreigners

B
ensuring the right of buyers to make international payments

C
ensuring free international movement of capital

D
ensuring the right of an individual to invest in foreign capital markets

Solution

Capital account convertibility is a feature of a nation's financial regime that centers on the ability to conduct transactions of local financial assets into foreign financial assets freely or at country determined exchange rates.
Question 10
1 / -0

Tick the correct option of GDP (Gross Domestic Product) contributed by service sector in the past:

A
During 2000-01 (GDP-65.54%)

B
During 1980-81 (GDP-50.00%)

C
During 1950-5 1 (GDP-34.63%)

D
During 2011-12 (GDP-57.00%)

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Re-Attempt Weekly Quiz Competition

Indian Economy Test 62

Result

Indian Economy Test 62

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Rank

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SHARING IS CARING

Question 1

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 2

Only $$1$$

Only $$2$$

$$1, 2$$ and $$3$$

$$2$$ and $$3$$

Solution

Question 3

$$1$$ and $$2$$

$$2$$ and $$3$$

$$1$$ and $$3$$

$$1, 2$$ and $$3$$

Question 4

Free trade

Foreign Investment

Employment

Technology Development

Question 5

Manmohan Singh

Vasant Sathe

Shiv-Shankar

K.C Pant

Question 6

Mumbai

Chennai

Trissur

Bengaluru

Question 7

the places where industries can operate without any control

the places wherein any person can start any industry

the places where industries get certain tax advantages

the places wherein the national wherein the national labour laws do not apply

Solution

Question 8

Melbourne

London

Tokyo

New York

Question 9

guaranteeing the right to investment to foreigners

ensuring the right of buyers to make international payments

ensuring free international movement of capital

ensuring the right of an individual to invest in foreign capital markets

Solution

Question 10

During 2000-01 (GDP-65.54%)

During 1980-81 (GDP-50.00%)

During 1950-5 1 (GDP-34.63%)

During 2011-12 (GDP-57.00%)

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