Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

• RBI
• SIDBI
• ICICI
• NABARD
Solution
Correct Option: B  [ SIDBI ]

Explanation:

In India, present trend of rapid urbanization is due to:

• lack of employment opportunities in rural areas
• influence of cinema and electronic media
• break up of joint family system
• abolition of zamindari tystem
Solution
Correct Option: A  [ lack of employment opportunities in rural areas ]

Explanation:

The highest body which approves the Five Year Plan in India is :

• Parliament
• Planning Commission
• National Development Council
• Finance Commission
Solution
Correct Option: C  [ National Development Council ]

Explanation:

What is the 'Repo rate' ?

• It is the rate at which International Aid Agencies lend to RBI
• It is the rate at which the banks lend to RBI
• It is the rate at which RBI borrows from the market
• It is the rate at which RBI lends to banks
Solution
Correct Option: D  [ It is the rate at which RBI lends to banks ]

Explanation:

Who wrote the book Planned Economy for India?

• Jawaharlal Nehru
• Indira Gandhi
• M. Visvesvaraya
• Mahatma Gandhi
Solution
Correct Option: C  [ M. Visvesvaraya ]

Explanation:

Scheme run under MGNREGA are sponsored :

• by the Central Government alone
• by the State Government alone
• partly by the Central Government and partly by the State Government
• by Centre, State and Panchayat bodies together
Solution
Correct Option: C  [ partly by the Central Government and partly by the State Government ]

Explanation:

"Swadesh Darshan" is:

• a scheme for development of tourism infrastructure
• related with transportation service for sightseeing in Tripura
• a Char Dham Yatra
• visit to a natural scenery
Solution
Correct Option: A  [ a scheme for development of tourism infrastructure ]

Explanation:

Which of the following is the role of Finance Commission ?

• Sharing of net proceeds of taxes between the Centre and States.
• Recommending principles for governing the grants-in-aid to the States by the Centre
• Recommendations on matters referred to it by the President for the interest of finance
• All of the above
Solution
Correct Option: D  [ All of the above ]

Explanation:

Parallel economy refers to:

• Traditional economy
• Black money
• Agriculture based economy
• Socialist economy
Solution
Correct Option: B  [ Black money ]

Explanation:

Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :

• Rs. 1 lac
• Rs. 1.5 lacs
• Rs. 2 lacs
• Rs. 2.5 lacs
Solution
Correct Option: A  [ Rs. 1 lac ]

Explanation: