National Institute of Technology Tiruchirappalli
Question : If an organisation want to develop a computerised accounting system according to its need as the business of organisation is complex. Which software it should opt for -
Option 1: Ready to use Software
Option 2: Customized Software
Option 3: Tailor-made Software
Option 4: Any of above
Correct Answer: Tailor-made Software
Solution : Software that has been created especially for one person, one business, or one organisation is referred to as tailored software, also known as bespoke software, customised software, or personalised applications. There are no restrictions on what the programme may do because it was created just for your business.
Hence the correct answer is option 3.
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 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 : Adjustment of increase in the balance of 'Securities Premium' while preparing a Cash Flow Statement is
Option 1: shown as Cash from Financing activities
Option 2: shown as Cash from operating activities
Option 3: shown as Cash from investing activities
Option 4: None of the above
Correct Answer: shown as Cash from Financing activities
Solution : Answer = shown as Cash from Financing activities
The adjustment of an increase in the balance of 'Securities Premium' is shown as 'Cash from Financing Activities' in the Cash Flow Statement. This is because securities premium represents funds received from shareholders, which is a financing activity. If the value of securities premium is increased it means share issued at a premium. It should be shown as cash flow from financing activities. Hence, the correct option is 1.
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.
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