Question : In which year was the Small Industries Development Bank of India (SIDBI) set up?
Option 1: 1990
Option 2: 1988
Option 3: 1989
Option 4: 1987
Correct Answer: 1990
Solution : The correct option is 1990.
The Small Industries Development Bank of India (SIDBI) was set up on April 2, 1990. It is a financial institution in India that serves as the principal financial institution for the promotion, financing and development of small-scale industries.
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Question : The Supreme Court of India was set up:
Option 1: by the constitution
Option 2: by a law of parliament
Option 3: by presidential order
Option 4: by the act of 1947
Question : Which of the following films is set in the backdrop of the India-China war of 1962?
Option 1: Hazaaron Khwaishein Aisi
Option 2: Haqeeqat
Option 3: Roja
Option 4: Aakrosh
Question : Which of the following statements is not correct regarding the Constitution of India (Eighty-sixth Amendment) Act, 2002?
Option 1: It made the provision for early childhood care and education to children below the age of six years under Article 45.
Option 2: It made it binding for the Government of India to set up a nodal ministry to ensure the effective implementation of these provisions under Article 75.
Option 3: Providing opportunities for education to his child or ward between the ages of 6-14 years was made a Fundamental Duty of a parent or guardian under Article 51A.
Option 4: Free and compulsory education for all children of the age of 6-14 years in the manner as determined by the State' was made a Fundamental Right under Article 21A.
Question : Comprehension:
Read the passage carefully and answer the questions that follow.
India's favourable demographic trends, which have increased the workforce's percentage of the overall population, have paved the way for a significant middle-class expansion. A big population bulge emerging from absolute poverty and set to reach the middle class would generate new dynamics. In India, over 55 per cent of the population is predicted to reach the middle class. In reality, because India's demographics are significantly younger than China and the United States, the country's middle class might be the world's largest (in terms of population) by 2025.
It is no exaggeration to argue that future growth will be reliant on the increasing middle class and that the middle class's development will be reliant on growth. Growth has been fuelled by both private consumption and saving, both of which are fuelled by the middle class. India's private consumption accounts for over 60% of the country's GDP, while private consumption growth has contributed to 70% of the country's growth since 2000.
Despite the fact that China's middle class is now greater than India's, private spending in the former accounts for a lesser share of growth. In contrast to the United States, where domestic savings are dropping and the country borrows excess funds from outside to invest and expand, India's domestic savings and investments are increasing and funding investments. The emergence of the middle class is anticipated to coincide with a transition away from large-scale informality, which now characterises much of the services and industrial sectors, and toward more formal, wage-earning, and medium-scale firms. Technological advancements will spread at a faster rate. Cities will expand as job possibilities concentrate on them. If there is enough movement across states and from rural to urban regions, the population increase will be more evenly distributed.
Question:
Select the most appropriate ANTONYM of the given word.
Coincide
Option 1: Differ
Option 2: Agree
Option 3: Confuse
Option 4: Detest
Question : Comprehension: Read the passage carefully and answer the questions that follow. India's favourable demographic trends, which have increased the workforce's percentage of the overall population, have paved the way for a significant middle-class expansion. A big population bulge emerging from absolute poverty and set to reach the middle class would generate new dynamics. In India, over 55 percent of the population is predicted to reach the middle class. In reality, because India's demographics are significantly younger than China and the United States, the country's middle class might be the world's largest (in terms of population) by 2025. It is no exaggeration to argue that future growth will be reliant on the increasing middle class and that the middle class's development will be reliant on growth. Growth has been fuelled by both private consumption and saving, both of which are fuelled by the middle class. India's private consumption accounts for over 60% of the country's GDP, while private consumption growth has contributed to 70% of the country's growth since 2000. Even though China's middle class is now greater than India's, private spending in the former accounts for a lesser share of growth. In contrast to the United States, where domestic savings are dropping and the country borrows excess funds from outside to invest and expand, India's domestic savings and investments are increasing and funding investments. The emergence of the middle class is anticipated to coincide with a transition away from large-scale informality, which now characterises much of the services and industrial sectors, and toward more formal, wage-earning, and medium-scale firms. Technological advancements will spread at a faster rate. Cities will expand as job possibilities concentrate on them. If there is enough movement across states and from rural to urban regions, the population increase will be more evenly distributed.
Question: Select the most suitable title for the given passage.
Option 1: Middle Class and Economic Growth
Option 2: Dropping Domestic Savings in the USA
Option 3: Favourable Demographic Trends in India
Option 4: Rise of the Middle Class in India
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