General Awareness Questions

Dr Kailasavadivoo Sivanis an Indian space scientist and the chairperson of theIndian Space Research Organization.He is the former Director ofVikram Sarabhai Space Centerand Liquid Propulsion centre.He is joinedthis position Jan2018.

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

India has signed the USD 200 million loan agreement with World Bank for Assam Agribusiness and Rural Transformation project. The project will help the Assam government to facilitate agribusiness investments, increase agriculture productivity and market access, and enable small farm holders produce crops that are resilient to recurrent floods or droughts in the state.

The growth scenario in India shows that the services sector has become the most dominant in the later part of its growth process. The share of services sector in GDP increased from 28.5 per cent in 1950-51 to 39.6 per cent in 1990-91 and then to 52.6 per cent in 2014-15 while the share of primary sector declined from 56.4 per cent in 1950-51 to 33.4 per cent in 1990-91 and then to only 19.0 per cent in 2014-15.