Indian Economy Test 34

Result

Indian Economy Test 34

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Weekly Quiz Competition

Question 1
1 / -0

Consider the following statements
$$1.$$ ISE is a national level stock exchange.
$$2.$$ It aims to address the needs of small companies and retail investors.
Which of the above statements is/ are correct?

A
Only $$1$$

B
Only $$2$$

C
Both $$1$$ and $$2$$

D
Neither $$1$$ nor $$2$$
Question 2
1 / -0

When did the Lead Bank Scheme to reduce the development gap between different regions of the country launched in India?

A
Towards the end of First Five Year Plan

B
Towards the close of the second Five Year Plan

C
Towards the close of the Plan Holiday in Indian economy

D
Towards the end of the Eighth Five Year Plan

Solution

Lead Bank Scheme was launched in 1969 towards the end of the Plan Holiday of 1966-1969 with the objectives of addressing the problem of unemployment, poverty and raising the living standard of the poor. Under the scheme, each district was assigned to different banks (private and public) to act as a consortium leader to coordinate the efforts of all banks in the district in matters like credit planning and branch expansion.
Question 3
1 / -0

Which of the following Development Financial Institutions in India has started the Soft Loan Scheme for the Modernisation of the Industrial sector in the country since $$1980s$$?

A
State Finance Corporations

B
Industrial Development Bank of India

C
Industrial Credit and Investment Corporation of India

D
None of the above
Question 4
1 / -0

Which of the following is the main objective of the Service Area Approach Programme launched in India?

A
To accelerate the process to open bank branches in the urban areas

B
To device a new strategy for rural leading to bring economic growth in rural areas

C
To formulate new device to enhance the transparency and functioning of bank branches

D
Both 'a' and 'c' correct

Solution

Service Area Approach was introduced in 1989 and was basically an improved version of the area approach of the Lead Bank Scheme. Under this approach, each commercial bank was designated to serve 15-25 villages for planned and orderly development of the rural and semi-urban areas.
Question 5
1 / -0

Consider the following items:
(1) Food products
(2) Energy
Which of the items given above are mainly responsible for the Core Inflation?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2

Solution

Core inflation excludes commodities which experience sudden spikes and transitory price changes. Such commodities include food and energy which are not included in the measurement of core inflation.
Question 6
1 / -0

Which one of the following factors leads to the Agflation in an economy?

A
Inflation led by rises in the Black economy

B
Deflation led by declines in agricultural commodity prices

C
Inflation led by rises in agricultural commodity prices

D
None of the above

Solution

Agflation is a condition wherein prices of agricultural commodities rises due to increase in demand for human consumption and as an alternative fuel. The term is formed from the combination of 'agriculture' and 'inflation'.
Question 7
1 / -0

Which one of the following is the main aim of the Dr. Ambedkar National Scholarship Scheme for meritorious students?

A
To assist meritorious students belonging to Other Backward Classes for enabling them to pursue higher studies

B
To assist meritorious students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue higher studies

C
To assist meritorious students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue lower primary education

D
To assist meritorious girl students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue primary education

Solution

A scholarship scheme to assist SC and ST students whose family income is not more than one lakh annually, Dr. Ambedkar National Scholarship Scheme is meant to encourage meritorious students for higher studies. It is a one time grant.
Question 8
1 / -0

Consider the following statements about Rajiv Gandhi Scheme for Empowerment of Adolescent Girls SABLA:
1. It covers the adolescent girls in the age group of 11-18.
2. Under the scheme, adolescent girls will be provided Take Home Ration (THR).
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

Solution

The SABLA scheme is targeted at adolescent girls in the age group of 11-15 and 15-18 years. It aims to foster self-development, health, hygiene, education and sexual health among this age group. To provide nutrition, the girls are provided with Take Home Ration (THR).
Question 9
1 / -0

Which one of the following is the main objective of the Ujjawala Scheme launched for women and children in India?

A
To prevent the trafficking, rescue, rehabilitation, reintegration, and repatriation of women and children

B
To assist women and children below 6-years to attain self-sufficiency in the health-care and nutrition

C
To prevent women from becoming victims to maternal mortality and infant mortality in the society

D
None of the above

Solution

Ujjawala scheme has been in effect since April 2016. It intends to protect women and children who are vulnerable to commercial sexual exploitation. It strives to prevent trafficking, rescue, rehabilitate and reintegrate women and children who were victims of commercial sexual exploitation.
Question 10
1 / -0

Consider the following statements:
(1) Headline inflation is a measure of the total inflation within an economy.
(2) Headline inflation is affected by areas of the market which may experience sudden inflationary spikes such as food, vegetables or energy.
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

Solution

Headline inflation encompasses all commodities and is a measure of the total inflation in the economy. Commodities such as food or energy which are much volatile and exhibit inflationary spikes compared to other commodities are also included in this measure.

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Re-Attempt Weekly Quiz Competition

Indian Economy Test 34

Result

Indian Economy Test 34

Score

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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

Towards the end of First Five Year Plan

Towards the close of the second Five Year Plan

Towards the close of the Plan Holiday in Indian economy

Towards the end of the Eighth Five Year Plan

Solution

Question 3

State Finance Corporations

Industrial Development Bank of India

Industrial Credit and Investment Corporation of India

None of the above

Question 4

To accelerate the process to open bank branches in the urban areas

To device a new strategy for rural leading to bring economic growth in rural areas

To formulate new device to enhance the transparency and functioning of bank branches

Both 'a' and 'c' correct

Solution

Question 5

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Solution

Question 6

Inflation led by rises in the Black economy

Deflation led by declines in agricultural commodity prices

Inflation led by rises in agricultural commodity prices

None of the above

Solution

Question 7

To assist meritorious students belonging to Other Backward Classes for enabling them to pursue higher studies

To assist meritorious students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue higher studies

To assist meritorious students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue lower primary education

To assist meritorious girl students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue primary education

Solution

Question 8

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Solution

Question 9

To prevent the trafficking, rescue, rehabilitation, reintegration, and repatriation of women and children

To assist women and children below 6-years to attain self-sufficiency in the health-care and nutrition

To prevent women from becoming victims to maternal mortality and infant mortality in the society

None of the above

Solution

Question 10

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Solution

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