100525 + Interview Questions in GENERAL QA IN GENERAL AWARENESS

1.	The budget broadly comprises: (i) revenue budget, and (ii) capital budget. Which of the following item or items is/are not covered under the revenue budget? I. Different proceeds of taxes and other duties levied by the government II. Interest and dividend on investments made by the government III. Expenditure on running government and various services IV. Market loans raised by the government (a) III and IV (b) II and III (c) only II (d) only IV
Answer» The correct option: (d) only IV

Discussion

2.	The existence of a Parallel Economy or Black Money:(a) makes the economy more competitive (b) makes the monetary policies less effective (c) ensures a better distribution of income and wealth (d) ensures increasing productive investment
Answer» (b) makes the monetary policies less effective

Discussion

3.	If the price of an inferior good falls, its demand:(a) rises (b) falls (c) remains constant (d) can be any of the above
Answer» (c) remains constant

Discussion

4.	After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the:(a) Wanchoo Committee (b) Rajah Chelliah Committee (c) Raj Committee (d) Narsimhan Committee
Answer» (b) Rajah Chelliah Committee

Discussion

5.	In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years ?1. Service tax2. Personal income tax 3. Excise duty4. Corporation tax
Answer» Correct Answer - Option 3 : Excise duty The correct answer is Excise duty. The share of the “Excise duty” which was 41.3% in 1991-92, declined to 25.1% in 2006-07. It is the most that have declined in the last 5 years. The contribution of Corporation tax has maximum share followed by income tax. Service tax - Service tax is a type of indirect tax that is levied on services rendered by an individual. It is an indirect tax since it is charged by the service provider from the person receiving the service in their business transactions. Personal income tax - A tax is a compulsory fee or financial charge levied by the government on an individual or institution to raise revenue. The total amount of tax collected is to be utilized under the various public schemes. The percentage of income tax a person has to pay depends on the income slabs he falls under. Excise Duty - Excise Duty is a type of indirect tax. These are imposed on the production or manufacturing of goods. Corporation tax - Corporate tax is levied on companies. It is levied on all types of companies such as private, limited, listed, and unlisted.

5.

In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years ?1. Service tax2. Personal income tax 3. Excise duty4. Corporation tax

Answer» Correct Answer - Option 3 : Excise duty

The correct answer is Excise duty.

The share of the “Excise duty” which was 41.3% in 1991-92, declined to 25.1% in 2006-07.
It is the most that have declined in the last 5 years.
The contribution of Corporation tax has maximum share followed by income tax.

Service tax - Service tax is a type of indirect tax that is levied on services rendered by an individual.
- It is an indirect tax since it is charged by the service provider from the person receiving the service in their business transactions.
Personal income tax - A tax is a compulsory fee or financial charge levied by the government on an individual or institution to raise revenue.
- The total amount of tax collected is to be utilized under the various public schemes.
- The percentage of income tax a person has to pay depends on the income slabs he falls under.
Excise Duty - Excise Duty is a type of indirect tax.
- These are imposed on the production or manufacturing of goods.
Corporation tax - Corporate tax is levied on companies.
- It is levied on all types of companies such as private, limited, listed, and unlisted.

Discussion

6.	The tax whose share in overall taxation revenue has gone up rapidly during the planning period is : (a) income tax (b) wealth tax (c) capital gains tax (d) tax on production
Answer» (d) tax on production

Discussion

7.	According to the law of demand, when: (a) price increases demand decreases (b) price decreases demand decreases (c) price increases demand increases (d) price decreases demand does not change
Answer» (a) price increases demand decreases

Discussion

8.	Which one of the following forms the largest share of deficit in Govt. of India budget?(a) Primary deficit (b) Fiscal deficit(c) Revenue deficit (d) Budgetary deficit
Answer» (b) Fiscal deficit

Discussion

9.	Which one of the following situations makes a firm most efficient?(a) Falling average costs (b) Rising average costs (c) Constant average costs (d) Lowest average costs
Answer» (d) Lowest average costs

Discussion

10.	Which one of the following organizations/agencies' are involved in drafting the Union Budget of India?(1) The Planning Commission only (2) The Comptroller and Auditor General only (3) Administrative Ministries only (4) (1) & (2) only (5) All (1), (2) & (3)
Answer» (3) Administrative Ministries only

Discussion

11.	What is meant by 'Underwriting', the term frequently used in financial sector?(1) Under valuation of the assets. (2) The Act of taking on a risk for a fee. (3) Giving a Guarantee that a loan will not become a bad loan. (4) The act of permission to float an IPO. (5) None of the above
Answer» (1) Under valuation of the assets.

Discussion

12.	The highest weight in the revised Whole Sale Price Index, implemented from September 2010 is given to which of the following item?(1) Fuel (2) Food items (3) Manufactured items (4) Primary Articles (5) All of these
Answer» (2) Food items

Discussion

13.	Development is : (a) synonymous with economic growth (b) narrower than economic growth (c) wider than economic growth (d) not related to economic growth
Answer» (c) wider than economic growth

Discussion

14.	Which among the following formulates fiscal policy? (a) RBI (b) Finance Ministry (c) SEBI (d) Planning Commission
Answer» (b) Finance Ministry

Discussion

15.	Rate of growth of an economy is measured in terms of: (a) per capital income (b) industrial development(c) number of people who have been lifted above the poverty line (d) national income
Answer» (d) national income

Discussion

16.	Fiscal deficit in the Union Budget means:(a) the difference between current expenditure and current revenue (b) net increase in Union Government's borrowings from the Reserve Bank of India (c) the sum of budgetary deficit and net increase in internal and external borrowings (d) the sum of monetised deficit and budgetary deficit
Answer» (c) the sum of budgetary deficit and net increase in internal and external borrowings

Discussion

17.	In India GDP is higher than GNP because country's: (a) import > export (b) capital inflow > capital outflow (c) net factor income is negative (d) Govt. expenditure is more than it's income
Answer» (a) import > export

Discussion

18.	In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years?(a) Service tax (b) Personal income tax (c) Excise duty (d) Corporation tax
Answer» (c) Excise duty

Discussion

19.	National income ignores(a) sales of firm (b) salary of employees (c) exports of the IT sector (d) sale of land
Answer» (b) salary of employees

Discussion

20.	National Income total reveals: 1. Production side of the economy 2. Distribution side of the economy 3. Expenditure side of the economy Choose your answer from (a) 1 only (b) 2 only (c) 1, 2 and 3 (d) 3 only
Answer» The correct option: (b) 2 only

Discussion

21.	Consider the following statements relating to estimation of National Income : 1. Foreigners working in Indian Embassies are normal residents of India. 2. Foreigners working in the office of WHO, World Bank. UNO etc. located in India are not normal residents of India. 3. Indians working in foreign embassies in India are not normal residents of India. Which of the statements given above is/are correct?(a) 1 only (b) 1 and 2(c) 3 only (d) 1, 2 and 3
Answer» The correct option: (b) 1 and 2

Discussion

22.	CENVAT is associated with: (a) rate of indirect tax (b) rate of income tax (c) rate of direct tax (d) none of the above
Answer» (a) rate of indirect tax

Discussion

23.	Which of the following is not an indirect tax? (a) Land revenue (b) Customs duties (c) Entertainment tax (d) Sales tax
Answer» (a) Land revenue

Discussion

24.	The total value of goods and services, produced' in a country during a given period is(a) Disposable income (b) National income (c) Per capital income (d) Net national income
Answer» (b) National income

Discussion

25.	Consider the following statements about Sinking Fund:1. It is a method of repayment of public debt. 2. It is created by the government out of budgetary revenues every year.Which of the statements given above is/are correct?(a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2
Answer» The correct option: (c) Both 1 and 2

Discussion

26.	In the context of Indian economy, consider the following statements: 1. The growth rate of GDP has – steadily increased in the last five years. 2. The growth rate in per capital income has steadily increased in the last five years. Which of the statements given above is/are correct?(a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2
Answer» (d) Neither 1 nor 2

Discussion

27.	Which one among the following is not a component of fiscal policy?(a) Taxation policy (b) Public debt policy (c) Trade policy (d) Public expenditure policy
Answer» (c) Trade policy

Discussion

28.	The National Income is more at current prices than at constant prices because:(a) increase in price is equal to increase in production (b) increase in price is more than production (c) increase in production is more than increase in price (d) of decrease in production only
Answer» (c) increase in production is more than increase in price

Discussion

29.	Which one of the following is not a feature of "Value Added Tax"?(a) It is a multi-point destination-based system of taxation (b) It is a tax levied on value addition at each stage of transaction in the production distribution chain (c) It is a tax on the final consumption of goods or services and must ultimately be borne by the consumer (d) It is basically a subject of the Central Government and the State Governments are only a facilitator for its Successful implementation
Answer» (d) It is basically a subject of the Central Government and the State Governments are only a facilitator for its Successful implementation

Discussion

30.	A rapid increase in the rate of inflation is sometimes attributed to the "base effect". What is "base effect"?(a) It is the impact of drastic deficiency in supply due to failure of crops (b) It is the impact of the surge in demand due to rapid economic growth (c) It is the impact of the price levels of previous year on the calculation of inflation rate(d) None of the statements (a), (b) and (c) given above is correct in this context
Answer» (c) It is the impact of the price levels of previous year on the calculation of inflation rate

Discussion

31.	The first estimate of national income in India was made by: (a) Mahalanobis (b) V.K.R.V. Rao (c) Dadabhai Naoroji(d) Prof. Sheroi
Answer» (c) Dadabhai Naoroji

Discussion

32.	The principal source of revenue to the State Government in India is : (a) Income Tax (b) Sales Tax (c) State Excise Duties (d) Land Revenue
Answer» The principal source of revenue to the State Government in India is Sales Tax.

Discussion

33.	Which of the following is not shared by the Centre and the States? (a) Sales Tax (b) Corporation Tax (c) Income Tax (d) Union Excise Duties
Answer» Sales Tax is not shared by the Centre and the State.

Discussion

34.	The sum total of incomes received for the services of labour, land or capital in a country is called: (a) gross domestic product (b) national income (c) gross domestic income (d) gross national income
Answer» (b) national income

Discussion

35.	National income is the same as: (a) Net Domestic Product at market price (b) Net Domestic Product at cost factor (c) Net National Product at market price (d) Net National Product at factor cost
Answer» (d) Net National Product at factor cost

Discussion

36.	Which of the following is an indirect tax? (a) Corporation Tax (b) Excise Duty (c) Wealth Tax (d) Capital Gains Tax
Answer» (b) Excise Duty

Discussion

37.	As per the Industrial Dispute Act 1947 works committee is constituted if there are1. 50 or more workers2. 100 or more workers3. 150 or more workers4. 200 or more workers
Answer» Correct Answer - Option 2 : 100 or more workers The correct answer is 100 or more workers The Industrial Dispute Act of 1947 provides for Setting up of works committee in any industrial establishment with one hundred or more workers for consultation and to promote cordial relation. For every establishment employing twenty or more workmen a grievance redressal committee must be set up. Important Features of Industrial Dispute Act 1947 The Act applies to every industrial establishment carrying on any business, trade irrespective of the number of workmen employed therein. Also, every person employed in an establishment for hire including contract labour, a part-time employee is covered under this act. The act encourages arbitration over disputes between employers and employees. It provides for setting up of works committee in any industrial establishment with one hundred or more workers for consultation and to promote cordial relation. For every establishment employing twenty or more workmen a grievance redressal committee must be set up. Reasons for the dispute can be Demand for higher wages. Payment of bonus. Higher social security benefits. Demand for good and safer working conditions. Methods of dispute settlement are Conciliation - It is a non-binding procedure in which an impartial third party, the conciliator, assists the parties to a dispute in reaching a mutually agreed settlement of the dispute. Arbitration - In this, the dispute is submitted to an arbitral tribunal which makes a decision on the dispute that is binding on the parties. Adjudication - It involves intervention in the dispute by a third party appointed by the government for the purpose of deciding the nature of the final settlement. Depending on the nature of the dispute, the Act empowers the Government to refer the dispute to an appropriate authority which is Labour Court, Industrial Tribunal and National Tribunal. The right to strike and the lockout has been subjected to the restriction as provided in the act. The act prohibits strikes and lockout by workers in public utility services if the conciliation and arbitration proceedings are pending and it empowers the government to take adequate action. An employer who intends to close down an undertaking needs to inform the appropriate government at least sixty days before the date of closure. This is not applicable when: Less than fifty workmen are employed or were employed in the preceding twelve months. To the undertaking set up for construction work and projects. Any other exception provided by the government.

37.

As per the Industrial Dispute Act 1947 works committee is constituted if there are1. 50 or more workers2. 100 or more workers3. 150 or more workers4. 200 or more workers

Answer» Correct Answer - Option 2 : 100 or more workers

The correct answer is 100 or more workers

The Industrial Dispute Act of 1947 provides for

Setting up of works committee in any industrial establishment with one hundred or more workers for consultation and to promote cordial relation.
For every establishment employing twenty or more workmen a grievance redressal committee must be set up.

Important Features of Industrial Dispute Act 1947

The Act applies to every industrial establishment carrying on any business, trade irrespective of the number of workmen employed therein.
Also, every person employed in an establishment for hire including contract labour, a part-time employee is covered under this act.
The act encourages arbitration over disputes between employers and employees.
It provides for setting up of works committee in any industrial establishment with one hundred or more workers for consultation and to promote cordial relation.
For every establishment employing twenty or more workmen a grievance redressal committee must be set up.
Reasons for the dispute can be

Demand for higher wages.
Payment of bonus.
Higher social security benefits.
Demand for good and safer working conditions.

Methods of dispute settlement are

Conciliation - It is a non-binding procedure in which an impartial third party, the conciliator, assists the parties to a dispute in reaching a mutually agreed settlement of the dispute.
Arbitration - In this, the dispute is submitted to an arbitral tribunal which makes a decision on the dispute that is binding on the parties.
Adjudication - It involves intervention in the dispute by a third party appointed by the government for the purpose of deciding the nature of the final settlement.

Depending on the nature of the dispute, the Act empowers the Government to refer the dispute to an appropriate authority which is Labour Court, Industrial Tribunal and National Tribunal.
The right to strike and the lockout has been subjected to the restriction as provided in the act.
The act prohibits strikes and lockout by workers in public utility services if the conciliation and arbitration proceedings are pending and it empowers the government to take adequate action.
An employer who intends to close down an undertaking needs to inform the appropriate government at least sixty days before the date of closure. This is not applicable when:

Less than fifty workmen are employed or were employed in the preceding twelve months.
To the undertaking set up for construction work and projects.
Any other exception provided by the government.

Discussion

38.

Which one of the following Sun Temples is located in Patan, Gujarat ?1. Konark2. Modhera3. Martand4. Dakshinark

Answer» Correct Answer - Option 2 : Modhera

The correct answer is Modhera.

Sun temple at Modhera dates back to the early 11th century and was built by Raja Bhimdev I of the Solanki Dynasty in 1026.
- There is a massive rectangular stepped tank called the Surya Kund in front of it, perhaps the grandest temple tank in India.
- Every year, at the time of the equinoxes, the sun shines directly into this central shrine of the temple.

Sun Temple	State
Konark	Odisha
Martand	Jammu & Kashmir
Dakshinark	Gaya, Bihar

Discussion

39.	Which part of the Constitution deals with the Directive Principles of State Policy? (a) Part III (b) Part IV (c) Part V (d) Part II
Answer» Part IV part of the Constitution deals with the Directive Principles of State Policy.

Discussion

40.	The Best FIFA Football Awards 2018 (Women) was won byA. MartaB. Melanie BehringerC. Carli LloydD. Dzsenifer Marozsan
Answer» Correct Answer - A

Discussion

41.	The Best FIFA Football Awards 2018 (Men) was won byA. Luka ModricB. Lionel MessiC. Cristiano RonaldoD. Ronaldinho
Answer» Correct Answer - A

Discussion

42.	Tourist place Achalgarh is situated at1. Sirohi2. Udaipur3. Rajsamand4. Chittogarh
Answer» Correct Answer - Option 1 : Sirohi The correct answer is Sirohi. Tourist place Achalgarh is situated at Sirohi. Achalgarh Fort: Built by kings of the Parmar dynasty, the fort was again reconstructed at Achalgarh in 1452 AD by the Mewar king, Rana Kumbha. Rana Kumbha was the greatest ruler of Mewar. He built the famous victory tower Vijay Stambh at Chittor to commemorate his victory over Mahmud Khilji of Malwa The fort consists of the Achaleshwar Hamadev Temple and is dedicated to Lord Shiva. It is an example of Rajput Architecture. Rajput Architecture: Rajput palaces–built as inner citadels surrounded by the city and enclosed by a fortified wall as at Chittorgarh and Jaisalmer. Man Mandir, the largest palace in Gwalior, was built by Raja Man Singh Tomar (1486–1516). Some forts, such as those at Bharatpur and Deeg, were protected by a wide ditch filled with water surrounding the fort. Palaces of Jaisalmer, Bikaner, Jodhpur, Udaipur, and Kota represent the maturity of the Rajput style.

42.

Tourist place Achalgarh is situated at1. Sirohi2. Udaipur3. Rajsamand4. Chittogarh

Answer» Correct Answer - Option 1 : Sirohi

The correct answer is Sirohi.

Tourist place Achalgarh is situated at Sirohi.

Achalgarh Fort:
- Built by kings of the Parmar dynasty, the fort was again reconstructed at Achalgarh in 1452 AD by the Mewar king, Rana Kumbha.
- Rana Kumbha was the greatest ruler of Mewar. He built the famous victory tower Vijay Stambh at Chittor to commemorate his victory over Mahmud Khilji of Malwa
- The fort consists of the Achaleshwar Hamadev Temple and is dedicated to Lord Shiva.
- It is an example of Rajput Architecture.

Rajput Architecture:
- Rajput palaces–built as inner citadels surrounded by the city and enclosed by a fortified wall as at Chittorgarh and Jaisalmer.
- Man Mandir, the largest palace in Gwalior, was built by Raja Man Singh Tomar (1486–1516).
- Some forts, such as those at Bharatpur and Deeg, were protected by a wide ditch filled with water surrounding the fort.
- Palaces of Jaisalmer, Bikaner, Jodhpur, Udaipur, and Kota represent the maturity of the Rajput style.

Discussion

43.	The paragana in which maximum numbers of sun temples and statues are found in medieval Rajasthan is1. Banswara2. Dungarour3. Dhawalpuri4. Sirohi
Answer» Correct Answer - Option 1 : Banswara The correct answer is Banswara. The paragana in which the maximum numbers of sun temples and statues are found in medieval Rajasthan is Banswara. Banswara is a city in Banswara District in south Rajasthan in India. The state of Banswara was founded by Maharawal Jagmal Singh. It is named for the "bans" or bamboo forests in the area. It is also known as 'City of Hundred Islands', due to the presence of numerous islands on the Mahi River named "Chachakota" where the islands located, which flows through Banswara. Hence, option 1 is correct. Madareshwar Temple Banswara has a number of ancient Hindu and Jain temples, and In the past was known as Lodi Kashi or the city of temples. This famous temple of Lord Shiva is situated inside the natural cave of a high hill in the eastern part of the city. Shri Tripura Sundari Temple Tripura Sundari is the temple, devoted to Goddess Tripura Sundari or Turita Mata. This temple has a gorgeous idol of black stone having 18 hands and more important each hand carrying a different emblem. The Goddess is seen riding a tiger.

43.

The paragana in which maximum numbers of sun temples and statues are found in medieval Rajasthan is1. Banswara2. Dungarour3. Dhawalpuri4. Sirohi

Answer» Correct Answer - Option 1 : Banswara

The correct answer is Banswara.

The paragana in which the maximum numbers of sun temples and statues are found in medieval Rajasthan is Banswara.
- Banswara is a city in Banswara District in south Rajasthan in India.
- The state of Banswara was founded by Maharawal Jagmal Singh.
- It is named for the "bans" or bamboo forests in the area.
- It is also known as 'City of Hundred Islands', due to the presence of numerous islands on the Mahi River named "Chachakota" where the islands located, which flows through Banswara.
Hence, option 1 is correct.

Madareshwar Temple
- Banswara has a number of ancient Hindu and Jain temples, and In the past was known as Lodi Kashi or the city of temples.
- This famous temple of Lord Shiva is situated inside the natural cave of a high hill in the eastern part of the city.
Shri Tripura Sundari Temple
- Tripura Sundari is the temple, devoted to Goddess Tripura Sundari or Turita Mata.
- This temple has a gorgeous idol of black stone having 18 hands and more important each hand carrying a different emblem.
  - The Goddess is seen riding a tiger.

Discussion

44.	Vishnu Narayan Bhatkhande was a renowned figure in which art form?1. Hindustani Classical Music2. Marathi Theatre3. Early Indian Cinema4. Carnatic Music
Answer» Correct Answer - Option 1 : Hindustani Classical Music The correct answer is Hindustani Classical Music. Pandit Vishnu Narayan Bhatkhande was an Indian musicologist. He was responsible for writing the first modern treatise on Hindustani classical music. He started the famous Madhav music school in Gwalior, Madhya Pradesh in 1918 with the help of the Rajas of Gwalior. He reclassified Ragas into thaat system. He composed several Bandish which was like the grammar of ragas. He published a book called Swar Malika describing ragas. He also published Shri Mallakshaya Sangeetam in Sanskrit under his pen name Chatur Pandit.

44.

Vishnu Narayan Bhatkhande was a renowned figure in which art form?1. Hindustani Classical Music2. Marathi Theatre3. Early Indian Cinema4. Carnatic Music

Answer» Correct Answer - Option 1 : Hindustani Classical Music

The correct answer is Hindustani Classical Music.

Pandit Vishnu Narayan Bhatkhande was an Indian musicologist.
He was responsible for writing the first modern treatise on Hindustani classical music.
He started the famous Madhav music school in Gwalior, Madhya Pradesh in 1918 with the help of the Rajas of Gwalior.
He reclassified Ragas into thaat system.
He composed several Bandish which was like the grammar of ragas.
He published a book called Swar Malika describing ragas.
He also published Shri Mallakshaya Sangeetam in Sanskrit under his pen name Chatur Pandit.

Discussion

45.	Which of the following statements is/are not indicative of the difference between Fundamental Rights and Directive Principles?I. Directive Principles are aimed at promoting social welfare, while Fundamental Rights are for protecting individuals from State encroachment. II. Fundamental Rights are limitations on State action, while Directive Principles are positive instructions for the Government to work towards a just socioeconomic order. III. Fundamental Rights were included in the original Constitution, but Directive Principles were added by the first Amendment. IV. Fundamental Rights are amendable, but Directive Principles cannot be amended. (a) I and II (b) II and III (c) III and IV (d) I, II and III
Answer» The correct option: (c) III and IV

Discussion

46.	Which of the following rights conferred by the Constitution of India is also available to non-citizens?(a) Right to constitutional remedies (b) Freedom to speech (c) Freedom to move and settle in any part of the country (d) Freedom to acquire property
Answer» (b) Freedom to speech

Discussion

47.	The purpose of Directive Principles of State Policy is to(a) lay down positive instructions which would guide State Policy at all levels (b) implement Gandhiji's idea for a decentralized state (c) check the use of arbitrary powers by the government (d) promote welfare of the backward sections of the society
Answer» (a) lay down positive instructions which would guide State Policy at all levels

Discussion

48.	What is the best ever FIFA ranking attained by Indian Football team?A. `88^(th)`B. `89^(th)`C. `94^(th)`D. `97^(th)`
Answer» Correct Answer - C

Discussion

49.	The enforcement of Directive Principles depends most on : (a) the Courts (b) an effective opposition in Parliament (c) resources available to the Government (d) public cooperation
Answer» (c) resources available to the Government

Discussion

50.

Under National Food Security Act, 2013, the Food Security Scheme launched in Rajasthan will cover population of1. 3.02 crore2. 3.64 crore3. 4.02 crore4. 4.84 crore

Answer» Correct Answer - Option 4 : 4.84 crore

The Correct Answer is 4.84 crore.

In Rajasthan,4.84 crore people were supposed to be directly benefited from the proposed national food security Act, 2013.
Out of this, the Act aimed to cater to almost 3.96 crore people in rural Rajasthan and 92.29 lakh population in urban areas.

As per the provisions, eligible households shall be entitled to food grains at a subsidised price not exceeding Rs 3 per kg for rice, Rs 2 per kg for wheat and Rs 1 per kg for coarse grains for a period of three years from the date of commencement of the Act.

National Food Security Act (NFSA), 2013
- It was Notified on 10th September 2013.
- Objective: To provide for food and nutritional security in the human life cycle approach, by ensuring access to adequate quantities of quality food at affordable prices to people to live a life with dignity.
- Coverage: 75% of the rural population and up to 50% of the urban population for receiving subsidized foodgrains under the Targeted Public Distribution System (TPDS).
- Eligibility: Priority Households to be covered under TPDS, according to guidelines by the State government.
- Households covered under existing Antyodaya Anna Yojana.

Discussion

Explore topic-wise InterviewSolutions in Current Affairs.

The existence of a Parallel Economy or Black Money:(a) makes the economy more competitive (b) makes the monetary policies less effective (c) ensures a better distribution of income and wealth (d) ensures increasing productive investment

If the price of an inferior good falls, its demand:(a) rises (b) falls (c) remains constant (d) can be any of the above

After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the:(a) Wanchoo Committee (b) Rajah Chelliah Committee (c) Raj Committee (d) Narsimhan Committee

In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years ?1. Service tax2. Personal income tax 3. Excise duty4. Corporation tax

The tax whose share in overall taxation revenue has gone up rapidly during the planning period is : (a) income tax (b) wealth tax (c) capital gains tax (d) tax on production

According to the law of demand, when: (a) price increases demand decreases (b) price decreases demand decreases (c) price increases demand increases (d) price decreases demand does not change

Which one of the following forms the largest share of deficit in Govt. of India budget?(a) Primary deficit (b) Fiscal deficit(c) Revenue deficit (d) Budgetary deficit

Which one of the following situations makes a firm most efficient?(a) Falling average costs (b) Rising average costs (c) Constant average costs (d) Lowest average costs

Which one of the following organizations/agencies' are involved in drafting the Union Budget of India?(1) The Planning Commission only (2) The Comptroller and Auditor General only (3) Administrative Ministries only (4) (1) &amp; (2) only (5) All (1), (2) &amp; (3)

What is meant by 'Underwriting', the term frequently used in financial sector?(1) Under valuation of the assets. (2) The Act of taking on a risk for a fee. (3) Giving a Guarantee that a loan will not become a bad loan. (4) The act of permission to float an IPO. (5) None of the above

The highest weight in the revised Whole Sale Price Index, implemented from September 2010 is given to which of the following item?(1) Fuel (2) Food items (3) Manufactured items (4) Primary Articles (5) All of these

Development is : (a) synonymous with economic growth (b) narrower than economic growth (c) wider than economic growth (d) not related to economic growth

Which among the following formulates fiscal policy? (a) RBI (b) Finance Ministry (c) SEBI (d) Planning Commission

Rate of growth of an economy is measured in terms of: (a) per capital income (b) industrial development(c) number of people who have been lifted above the poverty line (d) national income

In India GDP is higher than GNP because country's: (a) import &gt; export (b) capital inflow &gt; capital outflow (c) net factor income is negative (d) Govt. expenditure is more than it's income

In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years?(a) Service tax (b) Personal income tax (c) Excise duty (d) Corporation tax

National income ignores(a) sales of firm (b) salary of employees (c) exports of the IT sector (d) sale of land

National Income total reveals: 1. Production side of the economy 2. Distribution side of the economy 3. Expenditure side of the economy Choose your answer from (a) 1 only (b) 2 only (c) 1, 2 and 3 (d) 3 only

CENVAT is associated with: (a) rate of indirect tax (b) rate of income tax (c) rate of direct tax (d) none of the above

Which of the following is not an indirect tax? (a) Land revenue (b) Customs duties (c) Entertainment tax (d) Sales tax

The total value of goods and services, produced' in a country during a given period is(a) Disposable income (b) National income (c) Per capital income (d) Net national income

Consider the following statements about Sinking Fund:1. It is a method of repayment of public debt. 2. It is created by the government out of budgetary revenues every year.Which of the statements given above is/are correct?(a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2

Which one among the following is not a component of fiscal policy?(a) Taxation policy (b) Public debt policy (c) Trade policy (d) Public expenditure policy

The National Income is more at current prices than at constant prices because:(a) increase in price is equal to increase in production (b) increase in price is more than production (c) increase in production is more than increase in price (d) of decrease in production only

The first estimate of national income in India was made by: (a) Mahalanobis (b) V.K.R.V. Rao (c) Dadabhai Naoroji(d) Prof. Sheroi

The principal source of revenue to the State Government in India is : (a) Income Tax (b) Sales Tax (c) State Excise Duties (d) Land Revenue

Which of the following is not shared by the Centre and the States? (a) Sales Tax (b) Corporation Tax (c) Income Tax (d) Union Excise Duties

The sum total of incomes received for the services of labour, land or capital in a country is called: (a) gross domestic product (b) national income (c) gross domestic income (d) gross national income

National income is the same as: (a) Net Domestic Product at market price (b) Net Domestic Product at cost factor (c) Net National Product at market price (d) Net National Product at factor cost

Which of the following is an indirect tax? (a) Corporation Tax (b) Excise Duty (c) Wealth Tax (d) Capital Gains Tax

As per the Industrial Dispute Act 1947 works committee is constituted if there are1. 50 or more workers2. 100 or more workers3. 150 or more workers4. 200 or more workers

Which one of the following Sun Temples is located in Patan, Gujarat ?1. Konark2. Modhera3. Martand4. Dakshinark

Which part of the Constitution deals with the Directive Principles of State Policy? (a) Part III (b) Part IV (c) Part V (d) Part II

The Best FIFA Football Awards 2018 (Women) was won byA. MartaB. Melanie BehringerC. Carli LloydD. Dzsenifer Marozsan

The Best FIFA Football Awards 2018 (Men) was won byA. Luka ModricB. Lionel MessiC. Cristiano RonaldoD. Ronaldinho

Tourist place Achalgarh is situated at1. Sirohi2. Udaipur3. Rajsamand4. Chittogarh

The paragana in which maximum numbers of sun temples and statues are found in medieval Rajasthan is1. Banswara2. Dungarour3. Dhawalpuri4. Sirohi

Vishnu Narayan Bhatkhande was a renowned figure in which art form?1. Hindustani Classical Music2. Marathi Theatre3. Early Indian Cinema4. Carnatic Music

Which of the following rights conferred by the Constitution of India is also available to non-citizens?(a) Right to constitutional remedies (b) Freedom to speech (c) Freedom to move and settle in any part of the country (d) Freedom to acquire property

What is the best ever FIFA ranking attained by Indian Football team?A. `88^(th)`B. `89^(th)`C. `94^(th)`D. `97^(th)`

The enforcement of Directive Principles depends most on : (a) the Courts (b) an effective opposition in Parliament (c) resources available to the Government (d) public cooperation

Under National Food Security Act, 2013, the Food Security Scheme launched in Rajasthan will cover population of1. 3.02 crore2. 3.64 crore3. 4.02 crore4. 4.84 crore

Which one of the following organizations/agencies' are involved in drafting the Union Budget of India?(1) The Planning Commission only (2) The Comptroller and Auditor General only (3) Administrative Ministries only (4) (1) & (2) only (5) All (1), (2) & (3)

In India GDP is higher than GNP because country's: (a) import > export (b) capital inflow > capital outflow (c) net factor income is negative (d) Govt. expenditure is more than it's income