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Q:

Micro Credit or Micro Finance is a novel approch to banking with the poor. In this approach bank credit is extended to the poor through:

A) Self Help Groups B) Anganwadi
C) Co- operative Credit Societies D) Reserve Bank of India
 
Answer & Explanation Answer: A) Self Help Groups

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Filed Under: Indian Economy

Q:

Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets freely and at market determined exchange rates?

A) Capital Account Convertibility B) Financial Deficit Management
C) Mimimum Support Price D) Restrictive Trade Practices
 
Answer & Explanation Answer: A) Capital Account Convertibility

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Q:

An objective of the National Food Security Mission is to increase the production of certain crops through area expansion and productivity enhancement in a sustainable manner in the identified districts of the country. What are those crops?

A) Rice and Wheat only B) Rice, Wheat and pulses only
C) Rice, Wheat, Pulses and oil seeds only D) Rice, Wheat, Pulses, oil seeds and vegetables
 
Answer & Explanation Answer: B) Rice, Wheat and pulses only

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Filed Under: Indian Economy

Q:

The prices at which the government purchases food grains for maintaining the Public Distribution system (PDS) and for building up buffer - stock is known as :

A) minimum support prices B) procurement prices
C) issue prices D) ceiling prices
 
Answer & Explanation Answer: B) procurement prices

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Filed Under: Indian Economy

Q:

The Swarnjayanti Shahari Rojgar Yojana which came into operation  from 1.12.1997 aims to provide gainful employment to the urban unemployed or under employed poor but does NOT Include:

A) Nehru Rojgar Yojana B) Urban Basic Service Programme
C) Prime Minister's Integrated Urban poverty Eradication Programme D) Prime Minister's Rojgar Yojana
 
Answer & Explanation Answer: D) Prime Minister's Rojgar Yojana

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Filed Under: Indian Economy

Q:

Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country?

A) Inflation B) Sensex
C) SLR D) Human Development Index (HDI)
 
Answer & Explanation Answer: D) Human Development Index (HDI)

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Filed Under: Indian Economy

Q:

Which of the following Schemes was launched to promote basic education in India and attract children in School going age to attend the classes?

A) Pulse Polio Abhiyan B) Operation Flood
C) Mid-Day Meal Schema D) Operation Black Board
 
Answer & Explanation Answer: C) Mid-Day Meal Schema

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Filed Under: Indian Economy

Q:

The money which Government of India spends on the development of infrastructure in country comes from which of the following sources?

I. Loan from world Bank/ADB etc

II. Taxes collected  from the people 

III. Loan from RBI

A) only I B) only II
C) only III D) All I,II and III
 
Answer & Explanation Answer: D) All I,II and III

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Filed Under: Indian Economy