Questions

Q:

Which of the following is not a method of estimating national income?

A) Expenditure method B) Output method
C) D) Matrix method
 
Answer & Explanation Answer: C)

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Q:

Scheduled bank is a bank which is ....

A) Nationalised B) Not Nationalised
C) Based in foreign Country D) Included in the second schedule of RBI
 
Answer & Explanation Answer: D) Included in the second schedule of RBI

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Q:

Which committee was set up to review the concept of the poverty line?

A) S Tendulkar Committee B) Lakdawala Committee
C) Wanchoo Committee D) Dutt Committee
 
Answer & Explanation Answer: A) S Tendulkar Committee

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Q:

______________ scheme launched by the Central Government aims to spur social, economic and infrastructure development in rural areas by developing a cluster of 300 Smart Villages.

A) Soil Health Card B) Shyama Prasad Mukherji Rurban Mission
C) Pradhan Mantri Fasal Bima Yojana D) Pradhanmantri rojgar yojna
 
Answer & Explanation Answer: B) Shyama Prasad Mukherji Rurban Mission

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Q:

As per John Locke, an English philosopher and physician, which is not a Natural Right?

A) Liberty B) Equality
C) Property D) Right to Vote
 
Answer & Explanation Answer: D) Right to Vote

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Q:

Who appoints Chief Election Commissioner of India?

A) The President of India B) Prime Minister of India
C) Chief Justice of India D) Home Minister of India
 
Answer & Explanation Answer: A) The President of India

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Q:

Which among the following is an umbrella organization for all retail payments system in India?

A) RBI B) NPCI
C) SEBI D) NITI Aayog
 
Answer & Explanation Answer: B) NPCI

Explanation:

National Payments Corporation of India is the umbrella organisation for all retail payment systems in India, which aims to allow all Indian citizens to have unrestricted access to e-payment services

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Q:

India had signed an Open Skies agreement with which country which will allow designated airlines of both signatory countries to operate freely?

A) Singapore B) Russia
C) France D) Japan
 
Answer & Explanation Answer: D) Japan

Explanation:

India finalised an Open Skies Agreement with Japan, allowing designated airlines of both signatory countries to operate freely. This is likely to be formalised during Japanese Prime Minister Shino Abe’s visit to India later this month. The agreement may allow airlines from Japan to fly directly to Chennai and Bengaluru. All Nippon Airways, Japan Airlines and Air India are the only carriers that connect the two countries, now.

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