Poverty is defined as:

• A monetary condition brought about by people's own laziness
• A monetary condition where people do not have enough to satisfy basic needs
• A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
• All of the above
Correct Option: C  [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

Remark:

"SEBI" stands for the:

• State Earnings Board of India
• Securities and Exchange Bank of India
• Securities and Exchange Board of India
• State Exchange Bank of India
Correct Option: C  [ Securities and Exchange Board of India ]

Remark: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992

When two or more persons working jointly on the basis of a common plan of action, then it is called:

• Co-operation
• Collaboration
• Co-ordination
• Consulting
Correct Option: B  [ Collaboration ]

Remark:

NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:

• 1st January, 2015
• 26th January, 2015
• 15th August, 2015
• None of the above
Correct Option: A  [ 1st January, 2015 ]

Remark:

When was National Bank of Agriculture and Rural Development (NABARD) established ?

• 6th Dec, 1947
• 6th Dec, 1982
• 5th Nov, 1982
• 7th Oct, 1982
Correct Option: C  [ 5th Nov, 1982 ]

Remark:

Which institution in India controls the monetary policy of Indian currency?

• Finance Commission
• The Finance Ministry of India
• The Reserve Bank of India
• None of the above
Correct Option: C  [ The Reserve Bank of India ]

Remark:

Fiscal policy is connected with:

• exports and imports
• issue of currency
• public revenue and public expenditure
• liquidity of money
Correct Option: C  [ public revenue and public expenditure ]

Remark:

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
Correct Option: A  [ lack of employment opportunities in rural areas ]

Remark:

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, popularly known as Black Money Act, 2015 came into effect from :

• 1st April, 2015
• 1st May, 2015
• 1st June, 2015
• 1st July, 2015
Correct Option: D  [ 1st July, 2015 ]

Remark:

Who was the head of the 10th Finance Commission?

• K.C. Pant
• Manmohan Singh
• Vasant Sathe
• Shiv Shankar
Correct Option: A  [ K.C. Pant ]

Remark: