National Institute of Technology Tiruchirappalli
Question : The organization responsible for estimating poverty in India is:
Option 1: Reserve Bank of India
Option 2: Ministry of Finance
Option 3: Planning Commission (now NITI Aayog)
Option 4: Central Statistical Office
Correct Answer: Planning Commission (now NITI Aayog)
Solution : The correct answer is (c) Planning Commission (now NITI Aayog)
The Planning Commission was responsible for formulating India's five-year plans and monitoring their implementation. It also used to estimate poverty in India, using data from the National Sample Survey Office (NSSO). The NSSO conducts surveys on household consumption expenditure, which is used to calculate the poverty line.
In 2014, the Planning Commission was replaced by NITI Aayog. NITI Aayog is still responsible for estimating poverty in India. The latest poverty estimates were released by NITI Aayog in 2019. The estimates showed that the poverty ratio in India had declined from 21.9 % in 2011-12 to 17.9 % in 2017-18.
Question : Which organisation measures the Gross Domestic Product in India?
Option 1: RBI
Option 2: NITI Aayog
Option 3: SBI
Option 4: Central Statistics Office
Correct Answer: Central Statistics Office
Solution : The correct option is the Central Statistics Office.
The Central Statistics Office (CSO) in India, operating under the Ministry of Statistics and Programme Implementation, is entrusted with the task of calculating and disseminating economic data such as Gross Domestic Product (GDP). This government agency is responsible for collecting and distributing a wide range of statistical information in the country.
Question : Which agency is responsible for maintaining health infrastructure in India?
Option 1: WHO (World Health Organization)
Option 2: UNICEF (United Nations International Children's Emergency Fund)
Option 3: NITI Aayog (National Institution for Transforming India)
Option 4: Ministry of Health and Family Welfare
Correct Answer: Ministry of Health and Family Welfare
Solution : The correct answer is (D) Ministry of Health and Family Welfare
The Ministry of Health and Family Welfare in India is primarily responsible for maintaining health infrastructure in the country. It is a government ministry that formulates and implements policies related to health and family welfare, including the development and maintenance of healthcare infrastructure. The ministry oversees various aspects of healthcare, including the establishment and management of healthcare facilities, allocation of resources, implementation of health programs, and coordination with other stakeholders in the healthcare sector. Its role is crucial in ensuring the availability, accessibility, and quality of health infrastructure across the country.
Question : Financial institutions other than banks can be crucial in assisting individuals, small firms, and farmers who want to enter the home market. These financial firms can assist in providing credit and investments to persons who are typically not helped by traditional banks, giving them an opportunity to improve their lives. Rural property is supported and encouraged through a variety of ways that do not just rely on agricultural channels. In India, one such financial organization is?
Option 1: State Bank of India
Option 2: National Bank for Agriculture and Rural Development
Option 3: NITI Ayog
Option 4: NGOs
Correct Answer: National Bank for Agriculture and Rural Development
Solution : An apex regulatory agency for the overall regulation of regional rural banks and apex cooperative banks in India is the National Bank for Agriculture and Rural Development. It is governed by the Ministry of Finance of the Indian Government. Under this rural property is supported and encouraged through a variety of ways that do not just rely on agricultural channels. Hence option b is the correct answer.
Question : Which organisation is associated with the estimation of the poverty line in India?
Option 1: NITI Aayog
Option 2: Reserve Bank of India
Option 3: Indian Council of Agricultural Research
Option 4: National Sample Survey Organisation
Correct Answer: National Sample Survey Organisation
Solution : The correct answer is the National Sample Survey Organisation.
The National Sample Survey Organisation's consumer expenditure surveys serve as the basis for measuring poverty. A household is considered impoverished if its expenditures fall below a designated poverty threshold. The Indian government's primary institution for estimating poverty was the former Planning Commission.
Question : Which government agency in India is responsible for entrepreneurship development?
Option 1: RBI (Reserve Bank of India)
Option 2: SEBI (Securities and Exchange Board of India)
Option 3: NITI Aayog
Option 4: SIDBI (Small Industries Development Bank of India)
Correct Answer: SIDBI (Small Industries Development Bank of India)
Solution : The answer is (d). SIDBI (Small Industries Development Bank of India) is responsible for entrepreneurship development in India.
SIDBI is a government-owned bank that provides financial and non-financial assistance to small and medium enterprises (SMEs). It also promotes entrepreneurship through various schemes and programs.
Here are some of the schemes and programs that SIDBI offers to promote entrepreneurship:
Entrepreneurship Development Programme (EDP)
Seed Capital Assistance Scheme (SCAS)
Micro Units Development and Refinance Agency (MUDRA) Scheme
Stand-Up India Scheme
These schemes and programs provide financial assistance, training, and mentoring to aspiring entrepreneurs. They help to create a conducive environment for entrepreneurship in India and to promote the growth of SMEs.
Question : Economic Survey in India is published officially every year by the:
Option 3: Ministry of Finance
Option 4: Ministry of Commerce
Correct Answer: Ministry of Finance
Solution : The correct answer is the Ministry of Finance.
The Economic Survey of India is a yearly report that examines changes in the Indian economy over the previous 12 months and is published by the Finance Ministry of the Indian Government. The Finance Minister typically presents the Economic Survey one day before the Union Budget's introduction in Parliament.
Question : As per the NITI Aayog’s Sustainable Development Goals (SDG) India Index 2019, which state is ranked first?
Option 1: Karnataka
Option 2: Maharashtra
Option 3: Kerala
Option 4: Madhya Pradesh
Correct Answer: Kerala
Solution : The correct answer is Kerala.
Kerala tops the list per the NITI Aayog's Sustainable Development Goals India Index 2019. Kerala is first positioned and followed by Himachal Pradesh, Tamil Nadu and Andhra Pradesh. Also, Chandigarh tops the list of the union territories. Kerala is a Southern state, and according to Census 2011, Kerala also tops the list in terms of literacy rate and sex ratio.
Question : Which of the following organisations of the Government of India has been reporting the Gross domestic product at factor cost and market prices?
Option 2: National Sample Survey Organisation
Option 3: Central Statistics Office
Option 4: NITI Aayog
The Ministry of Statistics and Programme Implementation oversees the Central Statistics Office (CSO), which compiles macroeconomic statistics, maintains statistical records, and calculates India's gross domestic product.
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