376. Kutir Jyoti Scheme is associated with
| Answer : Option D |
| Explanation : |
| The Government launched Kutir Jyoti Programme on occasion of Nehru Centenary Year (1988-89) for extending single point light connection to the households of rural poor families below poverty line. These were to include Harijan and tribal families. The programme had come under criticism for rampant increase in transmission & distribution (T&D) losses. |
377. Which is NOT a measure undertaken by government to check inflation ?
| Answer : Option D |
| Explanation : |
| One of the important fiscal measures undertaken by governments to check inflation is to cut personal consumption expenditure. It is done by raising the rates of personal, corporate and commodity taxes and even levying new taxes. The government can also reduce unnecessary expenditure on non-development activities in order to curb inflation. |
378. The measure of a worker's real wage is
| Answer : Option D |
| Explanation : |
| A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. While differences in earnings or incomes may be misleading indicators of worker welfare, real wage rates are comparable across time and location. Nominal wages are not sufficient to tell us if workers gain since, even if wages rise, the price of one of the goods also rises when moving to free trade. The real wage represents the purchasing power of wages- that is, the quantity of goods the wages will purchase. |
379. Operating Surplus arises in the
| Answer : Option C |
| Explanation : |
| Operating surplus is an accounting concept used in national accounts statistics (such as United Nations System of National Accounts (UNSNA) and in corporate and government accounts. It is the balancing item of the Generation of Income Account in the UNSNA. It may be used in macroeconomics as a proxy for total pre-tax profit income, although entrepreneurial income may provide a better measure of business profits. In UNSNA,'implicit (imputed) rents' on land owned by the enterprise and the 'implicit (imputed) interest' chargeable on the use of the enterprise's own funds are excluded from operating surplus. |
380. The Annapurna Scheme was implemented in the year
| Answer : Option C |
| Explanation : |
| The Annapurna Scheme was launched by the Ministry of Rural Development on April 1, 2000 as a 100 per cent Centrally Sponsored Scheme aiming at providing food security to meet the requirement of those destitute senior citizens who though eligible have remained uncovered under the National Old Age Pension Scheme (NOAPS). From 2002-2003, this scheme was transferred to State Plan along with the NSAP. Indigent senior citizens or 65 years of age or above who though eligible for old age pension under the National Old Age Pension Scheme (NOAPS) but were not getting the pension were covered under the Scheme. 10 kgs of foodgrains per person per month was supplied free of cost under the scheme. |
381. The 'break-even' point is where
| Answer : Option A |
| Explanation : |
| Break-even is the point of balance between making either a profit or a loss. In economics & business, specifically cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal:there is no net loss or gain, and one has 'broken even'. A profit or a loss has not been made, although opportunity costs have been 'paid', and capital has received the risk-adjusted, expected return. |
382. The theory of distribution relates to which of the following?
| Answer : Option A |
| Explanation : |
| In economics, distribution theory is the systematic attempt to account for the sharing of the national income among the owners of the factors of production- land, labour, and capital. Traditionally, economists have studied how the costs of these factors and the size of their return-rent, wages, and profits- are fixed. The theory of distribution involves three distinguishable sets of questions. First, how is the national income distributed among persons? Second, what determines the prices of the factors of production? Third, how is the national income distributed proportionally among the factors of production? |
383. Which from the following is not true when the interest rate in the economy goes up ?
| Answer : Option B |
| Explanation : |
| Interest rates are the main determinant of investment on a macroeconomic scale. The current thought is that if interest rates increase across the board, then investment decreases, causing a fall in nationalincome. However, the Austrian School of Economics sees higher rates as leading to greater investment in order to earn the interest to pay the depositors. Higher rates encourage more saving and thus more investment and thus more jobs to increase production to increase profits. Higher rates also discourage economically unproductive lending such as consumer credit and mortgage lending. |
384. Which one is not the main objective of fiscal policy in India?
| Answer : Option A |
| Explanation : |
| Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is used to stabilize the economy over the course of the business cycle. Fiscal policy is the sister strategy to monetary policy through which a central bank influences a nation's money supply. |
385. What situation would result if Government expenditure exceeds the Government revenue on Current Account?
| Answer : Option C |
| Explanation : |
| The excess of overall government expenditure both on capital and current account over the estimated government receipts both from tax and non-tax sources is termed as fiscal deficit. Fiscal deficit is a kind of budget deficit where government expenditure exceeds over its income during the course of a financial year. |
386. 'Law of demand' implies that when there is excess demand for a commodity, then
| Answer : Option B |
| Explanation : |
| The Law of demand states that the quantity demanded and the price of a commodity are inversely related, other things remaining constant. That is, if the income of the consumer, prices of the related goods, and preferences of the consumer remain unchanged, then the change in quantity of good demanded by the consumer will be negatively correlated to the change in the price of the good. When there is excess demand of the commodity the price starts rising and it continues to rise till equilibrium price is reached. |
387. In Centre-State financial relations in India, Gadgil Formula is used in
| Answer : Option A |
| Explanation : |
| The Gadgil formula was evolved in 1969 for determining the allocation of central assistance for state plans in India. It was adopted for distribution of plan assistance during Fourth and Fifth Five Year Plans. It was named after the then deputy chairman of the Planning Commission Dr. D R Gadgil. |
388. Fixed Foreign Exchange Rate can be changed by
| Answer : Option A |
| Explanation : |
| The Reserve Bank of India has the responsibility of maintaining fixed exchange rates with all other member countries of the International Monetary Fund. Besides maintaining the rate of exchange of the rupee, the Reserve Bank has to act as the custodian of India's reserve of international currencies. It operates the exchange control system. |
389. Which Bank was merged in the Punjab National Bank in February, 2003 ?
| Answer : Option A |
| Explanation : |
| In February 2003, the Punjab National Bank took over Nedungadi Bank, the oldest private sector bank in Kerala. At the time of the merger with PNB, Nedungadi Bank's shares had zero value, with the result that its shareholders received no payment for their shares. It was first private sector commercial bank to be set up in South India. The bank was incorporated in 1913 and in 1965 it took over selected assets and liabilities of the Coimbatore National Bank Ltd. NOTE : On 15 February 2017, the Union Cabinet approved the merger of 5 associate banks with SBI. Finally, the five associate banks, along with Bharatiya Mahila Bank, merged with SBI on 31 March 2017. With effect from April 1, 2017; all the branches of Associates Banks viz State Bank of Patiala, State Bank of Hyderabad, State Bank of Bikaner & Jaipur, State Bank of Mysore and State Bank of Travancore, will function as branches of STATE BANK OF INDIA (SBI). On 7 October 2014, Arundhati Bhattacharya became the first woman to be appointed Chairman of the bank. She is serving as present chairman of SBI. |
390. What is the name of portal launched by RBI recently to check illegal money collection?
| Answer : Option C |
| Explanation : |
| The Reserve Bank of India (RBI), in August 2016, launched the Sachet portal to curb illegal collection of money by companies. This website will enable public to obtain information regarding entities who accept deposits, lodge complaints and also share information regarding illegal acceptance of deposits. |
Sponsored Links
ssc online
Todaysprint