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NABARD Grade A Economics & Social Issues (ESI ) Daily Quiz Questions Set- 7

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Q.1) What of the following committees was constituted by the Reserve Bank of India for suggesting a roadmap on full convertibility of Rupee on Capital Account?

[a] Mayaram Committee [b] Narasimhan Committee [c] Tarapore Committee [d] Raghurajan Committee [e] M B Shah Committee

 

Q.2) Which of the following portals has been launched by the Ministry of Women and Child Development to ease the process of filing sexual harassment complaints at the workplace both for the public as well as the private sector?

[a] Sahayak [b] Sahayata [c] e-Box [d] e-complaint [e] SHe-Box

 

Q.3) In which of the following years was the first important industrial policy statement made that laid down the foundation of mixed economy whereby the private and public sector was accepted as important components in the development of industrial economy of India?

[a] 1945 [b] 1952 [c] 1948 [d] 1950 [e] 1946

 

Q.4) Which of the following is/are correct regarding the Industries (Development and Regulation) Act (IDRA)?

1. It was enacted in the year 1956.

2. IRDA gave wide powers to the government to regulate industry in a number of ways.

3. The government had the power to regulate the capacity (output) and the prices of the products manufactured by the industries as well.

4. The expansion of industries did not require the permission of the government.

[a] 1 and 3 [b] 2 and 3 [c] 2, 3 and 4 [d] 1 and 4 [e] 1, 2, 3, 4

 

Q.5) Which of the following is/are incorrect regarding the Sukanya Samriddhi Yojana?

[a] The Union Government launched the Sukanya Samriddhi Yojana as part of the Beti Bachao, Beti Padhao Scheme in the year 2015. [b] The account for a girl child can be opened till she becomes 14 years old. [c] The account shall mature on completion of a period of 21 years from the date of its opening. [d] After the girl becomes 18 years old, 50% of the amount can be withdrawn for the purpose of higher education. [e] The maximum amount that can be deposited in a year is Rs.1,50,000.

 

Q.6) In which of the following years was the Employees’ Provident Funds and Miscellaneous Provisions Act passed by the Government of India?

[a] 1952 [b] 1956 [c] 1950 [d] 1961 [e] 1955

 

Q.7) The Gender Inequality Index (GII) is released as part of which of the following reports?

[a] Global Economic Prospects [b] World Social Protection Report [c] World Employment and Social Outlook [d] Human Development Report [e] World Economic Outlook

 

Q.8) Which of the following statement(s) is/are incorrect with regard to the Special Economic Zone (SEZ)?

[a] The Special Economic Zone Act was enacted in the year 2005. [b] Private entities cannot setup SEZ. [c] For setting up of a sector specific SEZ, the minimum area requirement is 100 hectares.

d] For the SEZ, the Government acquires vast land tracts and gives to the developers. The basic condition involves that 25% of the area of the SEZ must be used only for export related activities.

[e] None of the above

 

Q.9) Which of the following is the correct definition for ‘Balance of Trade’?

[a] The difference between exports of goods and imports of goods is known as the Balance of Trade. [b] The difference between exports of goods/services and imports of goods/services is known as the Balance of Trade. [c] The difference between exports of services and imports of services is known as the Balance of Trade. [d] The difference between the inward and outward remittances. [e] None of the above

 

Q.10) Which of the following constitute Capital Account?

1. Foreign Loans

2. Foreign Direct Investment

3. Private Remittances

4. Portfolio Investment

[a] 2 and 3 [b] 1 and 4 [c] 1, 2 and 4 [d] 1, 3 and 4 [e] 1, 2, 3 and 4

 

 

ANSWER:-

1)[c] Tarapore Committee

2)[e] SHe-Box

3)[c] 1948

4)[b] 2 and 3

5)[b] The account for a girl child can be opened till she becomes 14 years old.

6)[a] 1952

7)[d] Human Development Report

8)[b] Private entities cannot setup SEZ.

9)[a] The difference between exports of goods and imports of goods is known as the Balance of Trade.

10)[c] 1, 2 and 4[c] 1, 2 and 4

 

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