Copyright @ 2010-2017. All rights reserved.
0 of 5 questions completed
Questions:
Click on ‘Start Test’ button to start the Quiz.
All the Best!
You have already completed the test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 scores, (0)
You have completed the test!
Which one of the following was the main theme of the Five-Year Plan prepared by Prof. P C Mahalanobis?
Ans) A
Exp)
• The Second Five Year Plan (1956-61) was conceived in an atmosphere of economic stability. It was felt agriculture could be accorded lower priority. The Plan Focussed on rapid industrialization-heavy & basic industries. It advocated huge imports through foreign loans.
• In this plan, a simple aggregative Harrod Domar Growth Model was again used for overall projections, and the strategy of resource allocation to broad sectors as agriculture & Industry was based on two & four sector Model prepared by Prof. P C Mahalanobis. Therefore, this plan is also called Mahalanobis Plan.
Ans) A
Exp)
• The Second Five Year Plan (1956-61) was conceived in an atmosphere of economic stability. It was felt agriculture could be accorded lower priority. The Plan Focussed on rapid industrialization-heavy & basic industries. It advocated huge imports through foreign loans.
• In this plan, a simple aggregative Harrod Domar Growth Model was again used for overall projections, and the strategy of resource allocation to broad sectors as agriculture & Industry was based on two & four sector Model prepared by Prof. P C Mahalanobis. Therefore, this plan is also called Mahalanobis Plan.
With reference to the Micro, Small & Medium Enterprises in India, consider the following statements:
1. Both the manufacturing enterprises and service enterprises are parts of this sector.
2. As per the revised classification, organizations with an annual turnover of 19 crores will be considered as Micro Enterprises.
Which of the statements given above is/are correct?
Ans) A
Exp)
In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two classes, they are Manufacturing Enterprises and Service Enterprises. Hence, statement 1 is correct.
Statement 2 is incorrect.
Ans) A
Exp)
In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two classes, they are Manufacturing Enterprises and Service Enterprises. Hence, statement 1 is correct.
Statement 2 is incorrect.
Under Ordinary Capital Resource, loans are offered at near-market terms to better off borrowing countries by
Ans) B
Exp)
The Asian Development Bank’s development assistance is financed via 4 main channels:
1. Ordinary Capital Resources (OCR): loans offered at near-market terms to better-off borrowing countries.
2. The Asian Development Fund (ADF), offering loans at very low-interest rates and grants to ADB's poorest borrowing countries.
3. Technical Assistance (mostly grants); and
4. Innovation and Efficiency Initiative (IEI) which are new financing instruments intended to provide ADB clients and operational teams with additional alternatives to help finance development projects.
5. ADB’s central objective is to improve the welfare of the people in Asia and the Pacific, particularly its poorest inhabitants.
Ans) B
Exp)
The Asian Development Bank’s development assistance is financed via 4 main channels:
1. Ordinary Capital Resources (OCR): loans offered at near-market terms to better-off borrowing countries.
2. The Asian Development Fund (ADF), offering loans at very low-interest rates and grants to ADB's poorest borrowing countries.
3. Technical Assistance (mostly grants); and
4. Innovation and Efficiency Initiative (IEI) which are new financing instruments intended to provide ADB clients and operational teams with additional alternatives to help finance development projects.
5. ADB’s central objective is to improve the welfare of the people in Asia and the Pacific, particularly its poorest inhabitants.
Which one of the following best describes the term ‘debt trap’?
Ans) D
Exp)
• A debt trap is a situation in which a borrower is led into a cycle of re-borrowing, or rolling over, their loan payments because they are unable to afford the scheduled payments on the principal of a loan. These traps are usually caused by high-interest rates and short terms.
• Many of the highly indebted countries (HICs) in sub-Saharan Africa fall under this category. India was very close to a similar situation in early 2000.
• Many countries (such as Sri Lanka, Pakistan) are also facing the problem of Debt trap on account Chinese infrastructure expansion policy of One Belt One Road.
• Source) Indian Economy: Ramesh Singh, Chapter: External sector of India.
Ans) D
Exp)
• A debt trap is a situation in which a borrower is led into a cycle of re-borrowing, or rolling over, their loan payments because they are unable to afford the scheduled payments on the principal of a loan. These traps are usually caused by high-interest rates and short terms.
• Many of the highly indebted countries (HICs) in sub-Saharan Africa fall under this category. India was very close to a similar situation in early 2000.
• Many countries (such as Sri Lanka, Pakistan) are also facing the problem of Debt trap on account Chinese infrastructure expansion policy of One Belt One Road.
• Source) Indian Economy: Ramesh Singh, Chapter: External sector of India.
The ‘PAHAL’ initiative of the Government of India is related to
Ans) C
Exp)
• Direct Benefit Transfer for LPG consumer (DBTL) scheme namely, ?PAHAL’, was initiated by the government to rationalize subsidies based on approach to cut subsidy leakages.
• The Direct Benefit Transfer of LPG (DBTL) or PAHAL (Pratyaksh Hanstantrit Labh) scheme was earlier launched on June 1, 2013.
• It required the consumer to mandatorily have an Aadhaar number for availing LPG Subsidy. The government has comprehensively reviewed the scheme and after examining the difficulties faced by the consumer substantively modified the scheme. The modified scheme was re-launched in the rest of the country on 1.1.2015
Ans) C
Exp)
• Direct Benefit Transfer for LPG consumer (DBTL) scheme namely, ?PAHAL’, was initiated by the government to rationalize subsidies based on approach to cut subsidy leakages.
• The Direct Benefit Transfer of LPG (DBTL) or PAHAL (Pratyaksh Hanstantrit Labh) scheme was earlier launched on June 1, 2013.
• It required the consumer to mandatorily have an Aadhaar number for availing LPG Subsidy. The government has comprehensively reviewed the scheme and after examining the difficulties faced by the consumer substantively modified the scheme. The modified scheme was re-launched in the rest of the country on 1.1.2015