391. HRIDAY scheme launched by Urban Development Ministry aims at
| Answer : Option D |
| Explanation : |
| National Heritage City Development and Augmentation Yojana (HRIDAY) was launched on 21 January 2015 with the aim of bringing together urban planning, economic growth and heritage conservation in an inclusive manner to preserve the heritage character of each Heritage City. The Scheme shall support development of core heritage infrastructure projects for heritage assets such as monuments, Ghats, temples etc. along with reviving certain intangible assets. |
392. The number of Nationalised Banks in India is
| Answer : Option B |
| Explanation : |
| On July 19, 1969, 14 commercial banks were nationalized, which got presidential approval on August 9, 1969. In 1980, in order to provide government more power and command over credit delivery, six more commercial banks in India were nationalized. If the associate banks of State Bank of India are counted, then the number goes to 27. |
393. Scheduled bank is a bank which is
| Answer : Option C |
| Explanation : |
| A scheduled bank, in India, refers to a bank which is listed in the 2ndSchedule of the Reserve Bank of India Act, 1934. Banks not under this Schedule are called non-scheduled banks. Scheduled banks are usually private, foreign, and nationalized banks operating in India. |
394. In Economics, production means
| Answer : Option A |
| Explanation : |
| All factors of production like land, labour, capital and entrepreneur are required in combination at a time to produce a commodity. Production means creation or an addition of utility. Factors of production (or productive 'inputs' or 'resources') are any commodities or services used to produce goods and services. |
395. 'Self Reliance' was the main objective of
| Answer : Option D |
| Explanation : |
| The sixth five year plan had long-term objectives of removal of poverty and the achievement of selfreliance. It also aimed at the achievement of economic and technological self reliance with the help of modernisation. |
396. Which of the following sets belong to Central tax ?
| Answer : Option B |
| Explanation : |
| Some of the taxes of the central government are: Taxes on income other than agricultural income; Duties of customs including export duties; Duties of excise on tobacco and other goods manufactured or produced in India except (i) alcoholic liquor for human consumption, and (ii) opium, Indian hemp and other narcotic drugs and narcotics, but including medicinal and toilet preparations containing alcohol or any substance; Corporation Tax; Taxes on capital value of assets, exclusive of agricultural land, of individuals and companies, taxes on capital of companies; Estate duty in respect of property other than agricultural land; etc. Central tax means taxes that are levied and collected by the central government. |
397. The largest share in our imports is from
| Answer : Option A |
| Explanation : |
| Large quantity of imports of India comes from OPEC countries like Saudi Arabia, Iran, Brazil, etc. Normally, this group accounts for more than 25 per cent of India's imports. As per the Economic Survey 2011-2012, United Arab Emirates and Saudi Arabia were the major exporters to India. India's foreign trade with developing countries has been on the rise. Share of these countries in India's import trade has increased to over 31 per cent. |
398. The proceeds of income tax go to
| Answer : Option A |
| Explanation : |
| The proceeds of income tax are compulsorily shareable between the Centre and the States. It is imposed and collected by the Central government but the proceeds are shared between the both. The share of the states in the net proceeds of income tax has varied from 55 per cent as under the First Finance Commission to 85 per cent as under the ninth Commission. regarding criterion for fixation of the shares of individual states, the percentage of the net proceeds of income tax assigned to them, the first to seventh finance commissions recognised 'population' and contribution to be the relevant factors. So a major portion of the proceeds of income tax goes tothe states. But, the truth is they are shared between the centre and the states. |
399. Agriculture should serve as an instrument of income, livelihood and opportunity to the local community - this statement was given by
| Answer : Option A |
| Explanation : |
| According to M.S. Swaminathan, agriculture must serve as an instrument of income and livelihood opportunity as well as of food production. He argues that the economic benefits of agro-processing and agribusiness should be taken to poor families through rural value-added enterprises and partnerships with the private sector. |
400. NTPC is a Central Public Sector Enterprise in which sector?
| Answer : Option C |
| Explanation : |
| NTPC Limited (previously known as National Thermal Power Corporation Limited) is an Indian PSU Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. NTPC's core business is generation and sale of electricity to stateowned power distribution companies and State Electricity Boards in India. |
401. Which one of the following is not considered as an infrastructure investment ? Investment in a
| Answer : Option B |
| Explanation : |
| Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function. The term typically refers to the technical structures that support a society, such as roads, bridges, water supply, sewers, electrical grids, telecommunications, and so forth, and can be defined as 'the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions.' Viewed functionally, infrastructure facilitates the production of goods and services, and also the distribution of finished products to markets, as well as basic social services such as schools and hospitals; for example, roads enable the transport of raw materials to a factory. So an investment in infrastructure does not include automobile industry which is a capital-based industry. |
402. In the budget figures of the Government of India, interest payments, subsidies, pensions, social services and the like are parts of the
| Answer : Option C |
| Explanation : |
| There are two components of expenditure – plan and non-plan. Of these, plan expenditures are estimated after discussions between each of the ministries concerned and the Planning Commission. Non-plan revenue expenditure is accounted for by interest payments, subsidies (mainly on food and fertilisers), wage and salary payments to government employees, grantsto States and Union Territories governments, pensions, police, economic services in various sectors, other general services such as tax collection, social services, and grants to foreign governments. |
403. The preparation of National Income Estimates is the responsibility of the
| Answer : Option B |
| Explanation : |
| The Central Statistical Organization (CSO) prepares national accounts, compiles and publishes industrial statistics and conducts economic census and surveys. The first official estimates of the national income, prepared by the CSO at constant prices with base year 1948-49, as well as at current prices, were brought out in 1956. |
404. Economic Survey in India is published officially, every year by the :
| Answer : Option A |
| Explanation : |
| The Economic Survey of India is a flagship annual document of the Ministry of Finance, Government of India. It reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy. |
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