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201.

What is the purpose of the "Samanvay" portal launched by the Ministry of Rural Development?A. Providing a nomination facility under a social security scheme.B. Promoting bank finance to start a new business (an entrepreneurial venture).C. Monitoring the progress and implementation of the Parliament Model Village Scheme.D. Monitoring the progress and implementation of "Pradhan Mantri Jan Dhan Yojana".1. C2. B3. A4. D

Answer» Correct Answer - Option 1 : C

The correct answer is Monitoring the progress and implementation of the Parliament Model Village Scheme.

  • Union Ministry of Rural Development has launched the ‘SAMANVAY’ web portal to monitor the progress and implementation of the Sansad Adarsh Gram Yojana (SAGY) for the development of Gram Panchayats.
  • It was launched by Union Rural Development Minister Chaudhary Birender Singh.
  • SAMANVAY web portal consists a compilation of all Government schemes of both Centra and State governments for Gram Panchayats.
  • The purpose of this portal is to help Member of Parliament (MPs) to utilise relevant schemes in the planning and implementation of SAGY.
  • It will act as a database for compiled and mapped information on various gram panchayat related activities through various schemes undertaken by the Centre and State Governments.
  • In SAMANVAY, around 1800 state schemes from across all states have been documented.
202.

Arrange the contribution of the following sources of electricity generation to the total electricity generation in ascending order:1. Nuclear Energy2. Hydro Energy3. Thermal Energy4. New and Renewable energyChoose the correct code-1.1<2<4<32.1<4<2<33.2<1<4<34.1<2<3<4

Answer» Correct Answer - Option 1 :

1<2<4<3


The correct answer is 1<2<4<3.

  • In India, in 2018, thermal sources accounted for 82 percent of the power generation capacity.
  •  Hydel power accounted for 8.5 percent.
  • While nuclear power accounted for only 2.5 percent.
  • India’s energy policy encourages three energy sources — solar, hydel, and wind — as they do not rely on fossil fuel and, hence, avoid carbon emissions.
  • This has not resulted in faster growth of electricity produced from these sources.
  •  At present, nuclear energy accounts for only 2.5 percent of the total energy consumption.

  • The Nationally Determined Contributions of India under the Paris Climate deal are the targets of India which it strikes to furnish. 
  • NDCs of India are as follows-
    • To reduce the carbon emission by 33-35% compared to 2005 levels.
    • To ensure 40% of its electricity shall be generated through renewable sources.
    • To create 2.5-3 billion tonnes of additional carbon sink through forests.

  •  NITI Aayog has launched the India Component of the Nationally Determined Contributions (NDC)–Transport Initiative for Asia (TIA).
  •  It is in collaboration with Germany and has a duration of 4 years.
203.

Which of the following are termed as non-conventional sources of energy:1. Solar energy2. Wind energy3. Tidal energyChoose the correct code-1.  1 and 2 only2. 2 and 3 only3. 1 and 3 only4. All of the above

Answer» Correct Answer - Option 4 : All of the above

The correct answer is All of the above.

  • There are commercial and non-commercial sources of energy.
    •  Commercial sources are coal, petroleum and electricity as they are bought and sold.
    •  Non-commercial sources of energy are fuelwood, agricultural waste and dried dung. These are non-commercial as they are found in nature/forests.
  • While commercial sources of energy are generally exhaustible (with the exception of hydropower), non-commercial sources are generally renewable.

  • More than 60 per cent of Indian households depend on traditional sources of energy for meeting their regular cooking and heating needs.
  • Both commercial and non-commercial sources of energy are known as conventional sources of energy.
  •  There are three other sources of energy which are commonly termed as non-conventional sources — solar energy, wind energy and tidal power.
  •  Being a tropical country, India has almost unlimited potential for producing all three types of energy if some appropriate cost-effective technologies are used. Even cheaper technologies can be developed.
204.

Consider the following statements regarding human capital and physical capital1. Physical capital is tangible whereas human capital is intangible. 2. Human capital benefits both the owner and society.Which of the statements given above is/are correct?1. Only 12. Only 23. Both 1 and 24. Neither 1 nor 2

Answer» Correct Answer - Option 3 : Both 1 and 2

The correct answer is Both 1 and 2.

  • Physical capital is tangible and can be easily sold in the market like any other commodity.
  • Human capital is intangible; it is endogenously built in the body and mind of its owner.
  • Human capital is not sold in the market; only the services of the human capital are sold and, hence, there arises the necessity of the owner of the human capital to be present in the place of production. Hence both statements are true.

  • Nature of benefits flowing from human capital are different from that of physical capital. Human capital benefits not only the owner but also the society in general. This is called external benefit.

  • Human Capital Index is released by World Bank.
  • As part of  World Development Report (WDR), the World Bank has launched a Human Capital Project (HCP).
  • India ranked 116th among 174 countries in 2020 Human Capital Index.
  • Human Capital Index has three components-
    • Survival
    • Expected years of quality adjusted school
    • Health Environment

  • UNDP releases Human Development Index.
  • India was ranked 129 out of 189 countries on the 2019 Human Development Index (HDI).
205.

Which of the following is an economic system in which capital goods are owned by private individuals or businesses and the production of goods and services is based on supply and demand in the general market ?1. Mixed Economy2. Communist Economy3. Capitalistic Economy4. State Economy

Answer» Correct Answer - Option 3 : Capitalistic Economy

The Correct Answer is Capitalistic Economy.

 

  • Capitalism is an economic system in which private individuals or businesses own capital goods.
  • The production of goods and services is based on supply and demand in the general market.
  • The purest form of capitalism is free market or laissez-faire capitalism.
  • Here, private individuals are unrestrained.
  • They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services.

 

  • Mixed Economy
    • A mixed economic system is a system that combines aspects of both capitalism and socialism.
    • A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
  • Communist Economy
    • Communist Economy advocates for a classless system in which the means of production are owned communally and private property is nonexistent or severely curtailed.
206.

______ in India can be classified as rural or urban.1. Private commercial banks2. Public commercial banks3. Development banks4. Co-operative banks

Answer» Correct Answer - Option 4 : Co-operative banks

The correct answer is Co-operative banks.

  • Co-Operative Banks are small financial institutions that offer lending facilities to small businesses in both urban and non-urban regions.
    • These are monitored and regulated by the Reserve Bank of India (RBI) and come under the Banking Regulations Act, 1949 as well as the banking laws act, 1965.
    • These Banks have been opened with the motto of ‘no-profit-no-loss’ and thus, do not seek profitable ventures and customers only.
    • Farmers can avail of agricultural loans on minimum interest rates from the Co-operative Banks.
    • Providing easy and accessible loans and credit benefits in the rural areas with scarce banking facilities.
    • The annual profit earned is spent on financial reserves and required resources and a part of it is distributed among the Co-operative members, as per the prescribed limitations.
    • It has also been advised that a special committee must be assigned only to monitor the proper functioning of these financial entities.

​ 

  • Private commercial banks
    • Private Sector Commercial Banking is a category of banking that aims to provide privileged services to its customers.
    • Private Sector Commercial Banks are financial institutions that primarily owned and operated by high-net-worth private individuals and business organizations. 
  • Public commercial banks
    • These banks are those financial institutions that have at least 51% of their ownership being held by the central government.
    • The management control is also in the hands of the union government.
    • State Bank of India, PNB, Bank of India are some examples.
  • Development banks
    • Development banks are specialized financial institutions.
    • They provide medium and long-term finance to the industrial and agricultural sectors.
    • They provide finance to both the private and public sectors.
207.

In August 2020, the Cabinet Committee on Economic Affairs declared the Fair and Remunerative Price of ______ per quintal for sugarcane for the marketing year starting October 2020.1. Rs. 2752. Rs. 2653. Rs. 2554. Rs. 285

Answer» Correct Answer - Option 1 : Rs. 275

The correct answer is Rs. 275.

  • The decision to increase the Fair and Remunerative Price (FRP) of sugarcane for the 2020-21 marketing year (October-September) was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA).
  • The government had fixed sugarcane FRP at Rs 275 per quintal for the current 2019-20 marketing year.
  • The FRP has been fixed in line with the recommendation of the Commission of Agricultural Costs and Prices (CACP), a statutory body that advises the government on the pricing policy for major farm produce.
  • The FRP, which is determined under Sugarcane (Control) Order, 1966, is the minimum price that sugar mills have to pay to sugarcane farmers.
  • Major sugarcane producing states such as Uttar Pradesh, Punjab and Haryana fix their own sugarcane price called 'state advisory prices.
208.

As per the Human Development Report 2015, consider the following statements:A. India ranks 130 out of 188 countries.B. HDI is based on the indices for life expectancy, education, and PCI.C. In comparison to other nations in the BRICS, India has the lowest rank.Which of the statements given above is/are correct?1. A and B only2. B and C only3. B only4. A, B and C

Answer» Correct Answer - Option 4 : A, B and C

The correct answer is A, B and C.

  • Human Development Report 2015  is released by the United Nations Development Programme (UNDP). 
  • India's rank is 130 out of 188 countries. Hence statement A is correct.
  • The Human Development Index(HDI) is a summary measure for assessing long-term progress in three basic dimensions of human development:-
    • A long and healthy life:-  It is measured by life expectancy
    • Access to knowledge:- It  is measured by mean years of education among the adult population
    • A decent standard of living:- it is measured by Gross National Income per capita expressed in constant 2011 international dollars converted using purchasing power parity rates.
    • Hence statement B is correct.
    • India's rank is lowest in the Human Development Index among BRICS nations. Brazil (75), Russia (50), China (90) and South Africa (116). Hence statement C is correct.