National Institute of Technology Tiruchirappalli
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 1: Reserve Bank of India
Option 2: NITI Aayog
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
Correct Answer: Central Statistics Office
Solution : The correct option is the Central Statistics Office.
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.
Question : The era of five-year plans began in India with the establishment of______.
Option 1: The NITI Aayog
Option 2: The Parliament
Option 3: The Finance Commission
Option 4: The Planning Commission
Correct Answer: The Planning Commission
Solution : The correct answer is the Planning Commission.
The era of five-year plans in India began with the establishment of the Planning Commission. The Planning Commission of India was set up in March 1950, shortly after India gained independence. It played a central role in formulating and implementing the country's five-year plans, which were comprehensive development blueprints designed to promote economic growth, industrialisation, and social welfare.
Question : Which organisation of the government of India reports the GDP of the country?
Option 1: Securities and Exchange Board of India
Option 2: Central Statistics Office
Option 4: Reserve Bank of India
Solution : The correct answer is the Central Statistics Office.
The organisation responsible for reporting the Gross Domestic Product (GDP) of India is the Central Statistics Office (CSO), which is part of the Ministry of Statistics and Programme Implementation (MoSPI), Government of India.
Question : In India, which of the following bodies is constitutional in nature?
Option 1: NITI Aayog
Option 2: National Human Rights Commission
Option 3: Central Vigilance Commission
Option 4: Finance Commission
Correct Answer: Finance Commission
Solution : The correct answer is the Finance Commission.
According to Article 280 of the Indian Constitution, the Finance Commission of India is established every five years by the Indian President. It is an advisory body that deals with the distribution of tax revenues among the states and the federal government. Dr. N. K. Singh served as the commission's chairman, along with Ajay Narayan Jha, Prof. Anoop Singh, Ashok Lahiri, Prof. Ramesh Chand, and Arvind Mehta.
Question : Women Transforming India (WTI) Awards have been hosted since 2018 under the aegis of ______ with a focus on entrepreneurship.
Option 1: Department of Science & Technology's Women Entrepreneurship Platform
Option 2: Finance Commission's Women Entrepreneurship Platform
Option 3: Department for Promotion of Industry and Internal Trade's Women Entrepreneurship Platform
Option 4: NITI Aayog's Women Entrepreneurship Platform
Correct Answer: NITI Aayog's Women Entrepreneurship Platform
Solution : The correct answer is NITI Aayog's Women Entrepreneurship Platform.
The Women Transforming India Awards is an annual initiative by NITI Aayog that aims to spotlight the remarkable contributions and pioneering efforts of women leaders and change-makers in India. The awards celebrate role models who have shattered barriers, making a positive impact on society. Since 2018, the Awards have been organized under NITI Aayog's Women Entrepreneurship Platform (WEP), with a particular emphasis on recognizing achievements in the field of entrepreneurship.
Question : The Planning Commission of India was replaced by NITI Aayog in_____________.
Option 1: 2016
Option 2: 2015
Option 3: 2018
Option 4: 2017
Correct Answer: 2015
Solution : The correct answer is 2015.
The Planning Commission of India, established on March 15, 1950, to formulate 5-year plans, was replaced by NITI Aayog on January 1, 2015. Prime Minister Narendra Modi announced this transformation on Independence Day. The Planning Commission, initially modeled on the USSR's system, aimed to estimate India's capital and resources. NITI Aayog inaugurated as a policy think tank, marked a shift towards a more dynamic and inclusive approach to economic planning.
Question : On 8th September 2022, NITI Aayog launched the country's first national electric freight platform "Electric Freight Accelerator for Sustainable Transport (e-FAST India)" in collaboration with_____.
Option 1: International Monetary Fund
Option 2: World Resources Institute
Option 3: World Bank
Option 4: World Health Organisation
Correct Answer: World Resources Institute
Solution : The correct answer is the World Resources Institute.
On 8th September 2022, NITI Aayog and World Resources Institute (WRI), India, jointly launched e-FAST India (Electric Freight Accelerator for Sustainable Transport), the nation’s inaugural electric freight platform. With road freight transport anticipated to play a significant role in emissions, e-FAST India is a crucial step in developing a roadmap for India's transport sector decarbonisation in alignment with COP26 commitments.
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