Polity Quiz 18 – helloscholar

Question 1 of 24

1. Question

With reference to the Fourteenth Finance Commission, which of the following statements is/are correct? [2015]
1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent.
2. It has made recommendations concerning sectorspecific grants.
Select the correct answer using the code given below.

1 only
2 only
Both 1 and 2
Neither 1 nor 2

Question 2 of 24

2. Question

Convertibility of rupee implies [2015]

being able to convert rupee notes into gold
allowing the value of rupee to be fixed by market forces
freely permitting the conversion of rupee to other currencies and vice versa
developing an international market for currencies in India

Question 3 of 24

3. Question

The Government of India has established NITI Aayog to replace the [2015]

Human Rights Commission
Finance Commission
Law Commission
Planning Commission

Question 4 of 24

4. Question

With reference to ‘Financial Stability and Development Council’, consider the following statements: [2016]
1. It is an organ of NITI Aayog.
2. It is headed by the Union Finance Minister.
3. It monitors macroprudential supervision of the economy.
Which of the statements given above is/are correct?

1 and 2 only
3 only
2 and 3 only
1, 2 and 3

Question 5 of 24

5. Question

Regarding ‘Atal Pension Yojana’, which of the following statements is/are correct? [2016]
1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.
2. Only one member of a family can join the scheme.
3. Same amount of pension is guaranteed for the spouse for life after subscriber’s death.
Select the correct answer using the code given below.

1 only
2 and 3 only
1 and 3 only
1, 2 and 3

Question 6 of 24

6. Question

With reference to ‘Stand up India scheme’, which of the following statement is/are correct? [2016]
1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
2. It provides for refinance through SIDBI.
Select the correct answer using the code given below.

1 only
2 only
Both 1 and 2
Neither 1 nor 2

Question 7 of 24

7. Question

Pradhan Mantri MUDRA Yojana is aimed at [2016]

bringing the small entrepreneurs into formal financial system
providing loans to poor farmers for cultivating particular crops
providing pensions to old and destitute persons
funding the voluntary organizations involved in the promotion of skill development and employment generation

Question 8 of 24

8. Question

Which one of the following is a purpose of ‘UDAY’, a scheme of the Government? [2016]

Providing technical and financial assistance to start-up entrepreneurs in the field of renewable sources of energy
Providing electricity to every household in the country by 2018
Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time
Providing for financial turnaround and revival of power distribution companies

Question 9 of 24

9. Question

What is/are the purpose/purposes of ‘District Mineral Foundations’ in India? [2016]
1. Promoting mineral exploration activities in mineral-rich districts
2. Protecting the interests of the persons affected by mining operations
3. Authorizing State Governments to issue licences for mineral exploration
Select the correct answer using the code given below.

1 and 2 only
2 only
1 and 3 only
1, 2 and 3

Question 10 of 24

10. Question

‘SWAYAM’, an initiative of the Government of India, aims at [2016]

promoting the Self Help Groups in rural areas
providing financial and technical assistance to young start-up entrepreneurs
promoting the education and health of adolescent girls
providing affordable and quality education to the citizens for free

Question 11 of 24

11. Question

Regarding DigiLocker, sometimes seen in the news, which of the following statements is/are correct? [2016]
1. It is a digital locker system offered by the Government under Digital India Programme.
2. It allows you to access your e-documents irrespective of your physical location.
Select the correct answer using the code given below.

1 only
2 only
Both 1 and 2
Neither 1 nor 2

Question 12 of 24

12. Question

‘Mission Indradhanush’ launched by the Government of India pertains to [2016]

immunization of children and pregnant women
construction of smart cities across the country
India’s own search for the Earth-like planets in outer space
New Educational Policy

Question 13 of 24

13. Question

Consider the following statements: [2017]
1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.
2. NPCI has launched RuPay, a card payment scheme.
Which of the statements given above is/are correct?

1 only
2 only
Both 1 and 2
Neither 1 nor 2

Question 14 of 24

14. Question

Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’? [2017]

Mobile wallets will not be necessary for online payments
Digital currency will totally replace the physical currency in about two decades
FDI inflows will drastically increase
Direct transfer of subsidies to poor people will become very effective

Question 15 of 24

15. Question

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)? [2017]
1. It decides the RBI’s benchmark interest rates.
2. It is a 12-member body including the Governor of RBI and is reconstituted every year.
3. It functions under the chairmanship of the Union Finance Minister.
Select the correct answer using the code given below:

1 only
1 and 2 only
3 only
2 and 3 only

Question 16 of 24

16. Question

What is the purpose of setting up of Small Finance Banks (SFBs) in India? [2017]
1. To supply credit to small business units
2. To supply credit to small and marginal farmers
3. To encourage young entrepreneurs to set up business particularly in rural areas
Select the correct answer using the code given below:

1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3

Question 17 of 24

17. Question

Who among the following can join the National Pension System (NPS)? [2017]

Resident Indian citizens only
Persons of age from 21 to 55 only
All State Government employees joining the services after the date of notification by the respective State Governments
All Central Government employees including those of Armed Forces joining the services on or after 1st April, 2004

Question 18 of 24

18. Question

What is/are the most likely advantages of implementing ‘Goods and Services Tax (GST)’? [2017]
1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
2. It will drastically reduce the ‘Current Account Deficit’ of India and will enable it to increase its foreign exchange reserves.
3. It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future.
Select the correct answer using the code given below:

1 only
2 and 3 only
1 and 3 only
1, 2 and 3

Question 19 of 24

19. Question

With reference to the ‘Prohibition of Benami Property Transactions Act, 1988 (PBPT Act)’, consider the following statements: [2017]
1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction.
2. Properties held benami are liable for confiscation by the Government.
3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism.
Which of the statements given above is/are correct?

1 only
2 only
1 and 3 only
2 and 3 only

Question 20 of 24

20. Question

Consider the following statements: [2017]
1. Tax revenue as a per cent of GDP of India has steadily increased in the last decade.
2. Fiscal deficit as a per cent of GDP of India has steadily increased in the last decade.
Which of the statements given above is/are correct?

1 only
2 only
Both 1 and 2
Neither 1 nor 2

Question 21 of 24

21. Question

What is the aim of the programme ‘Unnat Bharat Abhiyan’? [2017]

Achieving 100% literacy by promoting collaboration between voluntary organizations and government's education system and local communities
Connecting institutions of higher education with local communities to address development challenges through appropriate technologies
Strengthening India's scientific research institutions in order to make India a scientific and technological power
Developing human capital by allocating special funds for health care and education of rural and urban poor, and organizing skill development programmes and vocational training for them

Question 22 of 24

22. Question

With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct? [2017]
1. It is an organ of NITI Aayog.
2. It has a corpus of Rs. 4, 00,000 crore at present.
Select the correct answer using the code given below:

1 only
2 only
Both 1 and 2
Neither 1 nor 2

Question 23 of 24

23. Question

Which of the following are the objectives of ‘National Nutrition Mission’? [2017]
1. To create awareness relating to malnutrition among pregnant women and lactating mothers.
2. To reduce the incidence of anemia among young children, adolescent girls and women.
3. To promote the consumption of millets, coarse cereals and unpolished rice.
4. To promote the consumption of poultry eggs.
Select the correct answer using the code given below:

1 and 2 only
1, 2 and 3 only
1, 2 and 4 only
3 and 4 only

Question 24 of 24

24. Question

What is the purpose of ‘Vidyanjali Yojana’? [2017]
1. To enable the famous foreign educational institutions to open their campuses in India.
2. To increase the quality of education provided in government schools by taking help from the private sector and the community.
3. To encourage voluntary monetary contributions from private individuals and organizations so as to improve the infrastructure facilities for primary and secondary schools.
Select the correct answer using the code given below:

2 only
3 only
1 and 2 only
2 and 3 only

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