Question : The National Renewal Fund (NRF) was instituted for:
Option 1: rural reconstruction
Option 2: social security
Option 3: providing pensions for retired employees
Option 4: restructuring and modernisation of industries
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Correct Answer: social security
Solution : The correct answer is social security.
The National Renewal Fund (NRF) was set up in 1992 in India to address the employment and retraining needs arising from economic liberalisation and structural reforms. Its main goal was to assist workers facing potential job displacement due to changes in industries. It played a crucial role in lessening the social impact of economic reforms and aiding the shift towards a more competitive and open economy.
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Question : The National Rural Employment Guarantee Act, now known as Mahatma Gandhi National Rural Employment Guarantee Act, was first enacted in the year______.
Option 1: 2000
Option 2: 2005
Option 3: 2009
Option 4: 2014
Question : The Nobel Prize was instituted by the country
Option 1: USA
Option 2: UK
Option 3: Russia
Option 4: Sweden
Question : Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is an employment scheme that was launched in 2005 to provide social security by guaranteeing a minimum of ________ days of paid work per year to all families whose adult members opt for unskilled labour-intensive work.
Option 1: 100
Option 2: 150
Option 3: 120
Option 4: 200
Question : The theory of "Maximum Social Advantage" in Public Finance was given by
Option 1: Robbins
Option 2: Musgrave
Option 3: Findley
Option 4: Dalton
Question : From which fund can the unanticipated expenditure be met without prior approval of the Parliament?
Option 1: Consolidated Fund of India
Option 2: Contingency Fund of India
Option 3: Vote-on-Account
Option 4: From the Treasury
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