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Poverty, Employment & Schemes — UPSC Prelims Economy previous year questions — page 2

88 solved previous year questions on Poverty, Employment & Schemes, papers from 1994 to 2020, drawn from UPPCS, UPSC CDS, UPSC CSE Prelims. Each carries the printed answer key and the explanation from the source compilation.

1. #41Practice set
   "Mr. household income is below a certain level, which makes it impossible for him or his family to meet basic needs of life including food, shelter, safe drinking water, education, healthcare, et Which type of poverty is Mr. A facing? 1 Select the most suitable answer from the options given below
   • ARelative Poverty
   • BSituational Poverty
   • CAbsolute Poverty
   • DGenerational Poverty
   Answer: (C) Absolute Poverty
   Explanation

   Option c is the correct c is correct. Absolute poverty is when is below a certain level, which makes it the person or family to meet basic needs of life shelter, safe drinking water, education, healthcare, etc. Important Tips Relative poverty describes circumstances in which people cannot afford actively to participate in society and benefit from the activities and experiences that most people take for granted. It is defined from the social perspective that is living standard compared to the economic standards of population living in surroundings. Situational poverty is a period wherein an individual falls below the poverty line because of a sudden event. Situational poverty can be caused by a range of factors, such as: a divorce, death of the family head, illness, a natural disaster or loss of job Generational poverty is a term applied to families who have experienced poverty for at lea

2. #42Practice set
   In the present context, consider the following statements: 1. Unemployment rate is higher in rural areas as compared to urban areas in India. 2. In rural India, unemployment rate is higher in males as compared to females. 3. In India, working age population ratio has shown a declining trend in last decade.How many of the statements given above are correct? Oxford Poverty and Human Development Initiative (OPHI). of multidimensional poverty between 2005-06 and 2015-16. under Sustainable Development Goals 12 and or more of the weighted indicators, he/ she is said to be multidimensionally poor. Which of the following are the indicators used for measuring the Human Development Index?
   • AOnly one
   • BOnly two
   • CAll three
   • DNone
   Answer: (A) Only one
   Explanation

   Option a is the correct I is incorrect: Unemployment rate is higher areas as compared to rural areas in 2 is correct: Unemployment is higher for rural areas as compared to females. In urban areas, is higher. Overall, urban areas have than rural 3 is incorrect: India has seen an uptrend Age Population ratio. 2015 - 2018

3. #43Practice set
   Consider the following statements: I. Poverty gap shows the extent to which individuals on average fall below the poverty line. 2. Intensity of poverty explains how far the living standard of the poor population is from the poverty line. 3. Poverty trap measures the intensity of poverty.How many of the statements given above are correct?
   • AOnly one
   • BOnly two
   • CAll three
   • DNone
   Answer: (B) Only two
   Explanation

   Option b is the correct poverty gap is the ratio by which the mean income of falls below the poverty line. The intensity of it possible to see how far the living standard of population is from the poverty line. Poverty gap poverty trap) measures the intensity of trap is a spiralling mechanism which forces remain poor

4. #44Practice set
   Consider the following statements: 1. In India, Poverty line is defined by the Central Government and is revised every 5 years accounting for inflation. 2. Indian Poverty line is estimated based on per capita consumption expenditure per month.Which of the above statements is/are correct?
   • A1 only
   • B2 only
   • CBoth 1 and 2
   • DNeither 1 nor 2
   Answer: (B) 2 only
   Explanation

   Option bis the correct l is incorrect. Currently, NITI Aayog Line in India and for this it uses data from Sample Survey Organisation (NSSO). The presently has no direct role in determining line in India and there is no periodic revision of 2 is correct. Indian poverty line is rather than strictly income based. It also accounts very different natures of work and dietary people living in these areas

5. #45Practice set
   Consider the following statements: 1. The 5th Five Year Plan (1974-78) laid stress on poverty alleviation in a major way for the first time. 2. Unequal distribution of land has been attributed as one of the challenges in achieving poverty alleviation.Which of the statements given above is/are correct?
   • A1 only
   • B2 only
   • CBoth 1 and 2
   • DNeither 1 nor 2
   Answer: (C) Both 1 and 2
   Explanation

   Option c is the correct l is correct. The Fifth Five- Year Plan laid employment, poverty alleviation (Garibi Hatao), The plan also focused on self-reliance in and defence. This was the first time that was declared in the objectives of any 2 is correct. Scholar's state three major concern while implementing poverty Due to unequal distribution of land assets, the benefits from direct poverty have been appropriated by the compared to the magnitude of poverty, the resources allocated for these programmes is not is also non-participation of local level institutions implementation

6. #46Practice set
   A farmer has four acres of land and he actually needs only two workers and himself to carry out various operations on his farm in a year, but he employs five workers and his family members such as his wife and children. This situation is known as
   • AFrictional unemployment
   • BCyclical unemployment
   • CStructural unemployment
   • DDisguised unemployment
   Answer: (D) Disguised unemployment
   Explanation

   Option d is the correct unemployment is a common form in rural India in agriculture. An disguised unemployment when productivity and too many workers are filling too few jobs

7. #47Practice set
   Which of the following sources is/are used by the government to collect the unemployment data? 1. Reports of Census of India 2. National Sample Survey Organisation's reports ofemployment and unemployment situation 3. Directorate general of employment and training data of registration with employment exchangesSelect the correct answer using the code given below
   • A1 Only
   • B2 Only
   • C1 and 2 Only
   • D1, 2 and 3
   Answer: (D) 1, 2 and 3
   Explanation

   Option d is the correct are 3 sources of data on unemployment: Reports of India, National Sample Survey of employment and unemployment general of employment and training data with employment exchanges. Though different estimates of unemployment, they us with the attributes of unemployed and variety prevailing in the country

8. #48Practice set
   In the context of poverty estimation in India, which of the following were the recommendations of the Tendulkar Committee? 1. Adoption of calorie consumption-based poverty estimation. 2. A uniform poverty line basket (PLB) across rural and urban India. 3. Incorporation of private expenditure on health and education while estimating poverty. orumlm 4. Using Mixed Reference Period based estimates.Select the correct answer using the code given below
   • A1, 2 and 3 only
   • B2, 3 and 4 only
   • C1, 3 and 4 only
   • D1, 2, 3 and 4
   Answer: (B) 2, 3 and 4 only
   Explanation

   Option b is the correct 2, 3 and 4 are correct and statement 1 Tendulkar committee (2009) was chaired Tendulkar and gave the following recommendations - A shift away from calorie consumption-based poverty A uniform poverty line basket (PLB) across rural and urban India Incorporation of private expenditure on health and education while estimating poverty. The Committee recommended using Mixed Reference Period based estimates, as opposed to Uniform Reference Period based estimates that were used in earlier methods for estimating poverty. A change in the price adjustment procedure to correct spatial and temporal issues with price adjustment

9. #49Practice set
   Economic growth would necessarily lead to which of the following? 1. Reduction in inequality 2. Reduction in poverty 3. Reduction in unemploymentSelect the correct answer using the code below
   • A1 and 2 only
   • B2 and 3 only
   • C1 only
   • DNone of the Above
   Answer: (D) None of the Above
   Explanation

   Option d is the correct l is incorrect. Economic growth means an national income but economic growth may not inequality growth often eates the best who urc highly skilled und economies are creating an increased number sector jobs. In these have been lagging average 2 is incorrect. Economic growth does reduce poverty. Economic growth leads reduction only when it is accompanied by distribution as 3 is incorrect. Economic growth will not problem of unemployment. For example, solve structural and frictional unemployment; unemployment caused by lack of skills and

10. #50Practice set
    Which of the following is/are the reasons for the high levels of unemployment in India recently? 1. Failure of the farm sector to absorb additional labourers. 2. Low consumption levels 3. Inadequate vocational trainingSelect the correct answer using the code given below
    • A1 only
    • B2 and 3 only
    • C2 only
    • D1, 2 and 3
    Answer: (D) 1, 2 and 3
    Explanation

    Option d is the correct 1 is correct: Failure of the farm sector to influx of additional labour is one of the key reasons rise in 2 is correct: With Covid-19 pandemic, curbs and lockdowns. This affected activity and consumption levels in the consumption leads to low investment by producers results in decline in employment of labour 3 is correct: Although literacy rates have risen last few decades, there still remains a fundamental the education system in India. The curriculum is and fails to provide vocational to match up with current economic environment. Important Tips Many people were rendered jobless due to COVID-19 pandemic and subsequent iockdowns..for majority of these people farming was the last resort. However, agriculture is already burdened with excessive labour force contributing to 51 employment. The problem of disguised unemployment is apparent in farm sector

11. #51Practice set
    With reference to the difference between Fixed Term Employee and Contractual Labour, consider the following statements: 1. While fixed term employees can be directly hired by the employers without middlemen, contractual workers are usually hired via an intermediary. 2. While fixed term employees are on the payroll of the company, it is not so with contractual workers. 3. While fixed term employees are entitled to retrenchment benefits, no such benefits are provided to contractual workers.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (A) Only one
    Explanation

    Option a is the correct 1 is correct: Fixed-term employees can be by employers without mediation hy a middleman workers are hired via an intermediary most case of fixed term employment, it is for a year be renewed after the term expires depending on 2 is incorrect. Both, in a fixed-term contractual work, the employee is not on the payroll company. Under the fixed-term employment pay-out or the payment is fixed in advance and is till the term expires. However, such contracts given tor routine 3 is incorrect: Both fixed-term employees workers do not get retrenchment benefits. also not entitled to any termination notice or payment of services terminated as a result of non-renewal of of employment

12. #52Practice set
    Consider the following statements about National Social Assistance Program (NSAP}: 1. It represents a step towards the fulfilment of some of the Directive Principles of State policy. 2. Annapurna Scheme is one of the five sub schemes launched under this program. 3. An applicant must belong to a Below Poverty Line (BPL) family to avail the benefits of NSAP.How many of the above given statements are correct? OPMENT Which of the following statements best describes the phenomenon of 'Churning Poor'? poor but they may sometimes have a little more money than usual. move in and out of the poverty. most of the times, but sometimes their income drops to poverty level. draws a group of people into poverty. Consider the following statements regarding situation of workforce in an economy
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (C) All three
    Explanation

    Option c is the correct Social Assistance Programme (NSAP) on 15th August, 1995, as a social security programme to provide support to aged disabled persons and bereaved families on death bread 1 is correct: The National Social (NSAP) represents a significant step fulfilment of the Directive Principles in Article 42 of the Constitution. Article 41 of the India directs the State to provide public assistance citizens in case of unemployment, old age, sickness and in other cases of undeserved want limit of its economic capacity and 2 is correct: Presently NSAP comprises of

13. #53Practice set
    Which of the following statements best describe the situation of Unemployment Trap?
    • AIt is a situation in which a casual labour finds it difficult to get out of indebtedness due to insufficient income
    • BIt is a situation in which cost of going to work is lower than the income received
    • CIt is a situation when unemployment benefits discourage the unemployed to go to work
    • DIt is a situation in which an employee is forced to work without wages by debtor to repay the previous debts
    Answer: (C) It is a situation when unemployment benefits discourage the unemployed to go to work
    Explanation

    Option c is the correct the purpose of social security and welfare systems is relief to the unemployed, they end up providing an incentive not to return to work. An arises when opportunity cost of going to work than the income received, discouraging returning to work and being we can summarise, Unemployment trap as when unemployment benefits discourage to go to work. People find the opportunity going to work too high when one can simply enjoy by doing nothing

14. #54Practice set
    Consider the following statements regarding various approaches used to measure unemployment in India. 1. Under Usual Status Approach, unemployment is recorded for a person if he/she has no gainful work even for l month of the preceding year. 2. Weekly Status Approach records unemployment for those who did not have gainful work even for an hour or a day of the week.Which of the statements given above is/are correct?
    • A1 only
    • B2 only
    • CBoth 1 and 2
    • DNeither 1 nor 2
    Answer: (B) 2 only
    Explanation

    Option b is the correct National Sample Survey Organization (NSSO), inception in 1950, does the measurement of unemployment in National Sample Survey Organization (NSSO) different estimates of employment and on different approaches / reference periods used an individual's activity status

15. #55Practice set
    Consider the following conditions: 1. A country having a barrel shaped population pyramid. 2. When working-age population has grown larger than the dependant population. 3. When decline in a country's birth rate and child death rate is being witnessed.How many of the above given conditions favours the occurrence of Demographic dividend?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone Schemes
    Answer: (B) Only two
    Explanation

    Option b is the correct 1 is incorrect. Dome-shape or is seen in countries like India, Bangladesh, Brazil that arc witnessing demographic dividend population growth mks lift! and becomes about 70 years. Lower slightly bulges out and the shape of the dome or 2 is correct. Demographic dividend is seen population (people between 15 and 64 years has grown larger than the dependant population aged 14 or below as well as people above 65 3 is correct. To achieve the economic the demographic dividend, developing countries lower both birth and child death fewer births each year, a country's young declines in relation to the working-age fewer people to support, a country has a window for rapid economic growth if the right economic policies are developed investments made f

16. #56Practice set
    In the context of One Nation One Ration Card scheme, which of the following statements is incorrect?
    • ABeneficiaries from one state can get their ration from another state
    • BIt gives beneficiaries an opportunity to opt for dealer of their choice
    • CMinistry of agriculture is the nodal ministry for the implementation of the scheme
    • DBeneficiaries under this scheme can collect their grain quota by undergoing finger print or iris based identification
    Answer: (C) Ministry of agriculture is the nodal ministry for the implementation of the scheme
    Explanation

    Option c is the correct of Consumer Affairs, Food and Public the nodal ministry for One Nation One Ration Important Tips Earlier if a beneficiary were to shift to another state, new ration cards has to be applied in the second state. Now under one nation one ration card one ration card will be applicable nationwide. Thus, beneficiaries from one state can get their ration from another state. One nation one ration card will also give the beneficiaries the opportunity to opt for the dealer of their choice. If any dealer misbehaves or misallocates, the beneficiary can switch to another FPS shop instantly. There is no need to share or carry the ration card or Aadhaar card with ration dealer to avail the benefit. Beneficiaries can undergo Aadhaar authentication by using their finger prints or is based identification

17. #57Practice set
    With reference to the Scheme, consider the following statements: 1. It is a centrally sponsored scheme aimed at mapping the land parcels in rural inhabited areas using drone technology. 2. It is a collaborative effort of the Ministr of Panchayati Raj, State Panchayati Raj Departments and Survey of India. 3. It will help in the assessment of accurate property tax. 4. It will help in formalisation of financial services for rural citizens.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • COnly three
    • DAll four
    Answer: (C) Only three
    Explanation

    Option c is the correct Practkebook l is incorrect. (Survey of Mapping with Improvised Technology in Village is a Central Sector Scheme aimed at of rights' to village household owners in inhabited rural areas in villages and issuance cards to the property 2 is correct. scheme is a of the Ministry of Panchayati Raj, State Panchayati State Revenue Departments and Survey 3 is correct. The scheme will help in and revenue collection in rural areas and on property rights. It will enable creation of better quality Gram Panchayat Development Plans (GPDPs), maps created under this 4 is correct. The scheme aims financial stability to the citizens in rural India them to use their property as a financial asset loans and other financial benefits. Important Tips Scheme envisages mapping the land parcels in rural inhabited areas using drone technology and Continuously Operating Reference Station (CORS)

18. #58Practice set
    With reference to Ujjwala 2.0, consider the following statements: 1. Under the scheme, migrants do not require residential proof document to get a gas connection. 2. It provides one refill and stove free of cost to the beneficiaries. 3. Only women from BPL households are eligible for benefits under the scheme.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (C) All three
    Explanation

    Option c is the correct I is correct: Ujjwala 2.0 is aimed to benefit to the migrants who live in other find it difficult to submit address proof. Under migrant workers would only be required to self-declaration of their residential address to get the gas 2 is correct: Along with a deposit-free Ujjwala 2.0 will provide the first refill and free of cost to the 3 is correct: Pradhan Mantri Ujjwala Yojana scheme of the Ministry of Petroleum Natural Gas LPG connections only to women from Line (BPL) households

19. #59Practice set
    With reference to 'PM-DAKSH', consider the following statements: 1. It aims to make the skill development schemes accessible to the target groups. 2. It is implemented through Government Training Institutes, Sector Skill Councils. 3. It is being implemented under the Ministry of Social Justice and Empowerment.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (C) All three
    Explanation

    Option c is the correct l is correct: 'PM-DAKSH' (Pradhan Aur Kushalta Sampann Hitgrahi) is a Mobile portal to make the skill development schemes the target groups - Backward Classes, Scheduled Safai 2 is correct: 'PM-DAKSH' will provide register for the training institute and program of These training programmes are being the Government Training Institutes, Skill Councils constituted by the Ministry of and Entrepreneurship and other 3 is correct: 'PM-DAKSH' is implemented by of Social Justice and Empowerment and the under the Ministry: National Scheduled Castes Finance and Development Corporation (NSFDC), National Backward Classes Finance Development Corporation (NBCFDC), National Safai Karamcharis Finance and Development Corporation (NSKFDC)

20. #60Practice set
    With reference to Member of Parliament Local Area Development Scheme (MPLADS), which of the following statements are correct? 1. It is implemented by the Ministry of Statistics and Programme Implementation. 2. The elected member of Rajya Sabha can recommend works in any state of his/her choice. 3. The legislators can only recommend works in their constituencies based on a set of guidelines.Select the correct answer using the code given below
    • A1 and 2 only
    • B2 and 3 only
    • C1 and 3 only
    • D1, 2 and 3
    Answer: (C) 1 and 3 only
    Explanation

    Option c is the correct l is correct. The MPLADS is implemented Ministry of Statistics and Programme 1994, the Ministry of Rural the 2 is incorrect. Under this scheme, the of Rajya Sabha can recommend works in of the State from which he/she is 3 is correct. The legislators can only in their constituencies based on a set of head of the district, where the MP recommends responsible for implementation at the ground level

21. #61Practice set
    With Reference to the 'Centrally Sponsored Schemes (CSS consider the following statements: 1. Central ministries can implement CSSs directly in the states/UTs. 2. CSSs can be formulated on subjects from the State list, Union list and the Concurrent list. 3. They are implemented by both centre and states.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (D) None
    Explanation

    Option dis the correct l is incorrect. The Central ministries some schemes directly in the states/UTs, called Central Sector Schemes (not centrally 2 is incorrect. Centrally Sponsored are formulated on subjects from the State List states to prioritize in areas that require 3 is incorrect. Under the Centrally (CSSs), the implementation is done by the

22. #62Practice set
    With reference to PM Formalisation of Micro Food Processing Enterprises (PMFME) Scheme, consider the following statements: 1. The scheme aims to enhance the competitiveness of micro-enterprises in the unorganized segment of the food processing industry. 2. The Scheme adopts One District One Product (ODOP) approach. 3. The scheme aims at providing common processing facility to the beneficiaries.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (C) All three
    Explanation

    Option c is the correct scheme aims to enhance the competitiveness of in the unorganized segment of the industry and promote formalization of the adopts One District One Product (ODOP) approach the benefits of scale in terms of procurement of common services and marketing of products. aims to support the transition process of the lakh micro food processing enterprises into by providing access to common services processing facility, laboratories, storage, and incubation services

23. #63Practice set
    Parampragat Krishi Vikash yojana', an initiative of the government of India, aims to
    • APromote Organic Farming
    • BPromote Zero Budget natural Farming
    • CDevelopment of irrigation infrastructure in dryl and areas
    • DCreate scientific storage capacity with allied facilities in rural areas
    Answer: (A) Promote Organic Farming
    Explanation

    Option a is the correct Krishi Vikas Yojana, a sub-component of Management scheme under National Mission Agriculture aims at development of of organic farming. Fifty or more farmers will cluster having land to take up the organic the scheme

24. #64Practice set
    In the context of Atal Pension Yojana (APY), which of the following statements is/ are incorrect? 1. Individuals who pay income tax and are covered under any other statutory social security schemes are not eligible under the scheme. 2. Government makes a matching co- contribution till maturity. 3. A monthly pension of up to Rs. 10,000 is provided to beneficiaries upon reaching 60 years of age.Select the correct answer using the code given below: '
    • A1 only
    • B3 only
    • C1 and 2 only
    • D1, 2 and 3
    Answer: (D) 1, 2 and 3
    Explanation

    Option d is the correct Pension Yojana is the flagship pension scheme at unorganized sector of the economy. Any the age group of 18-40 years can join the he/she is not covered under any other security scheme and is not an income government makes matching co-contributions for of five years. Moreover, only those subscribers between a fixed period in 2015-16 are eligible benefit. APY provides a monthly pension of Rs. Rs. for beneficiaries, in their old age. The is determined by the monthly contribution and of contribution of the subscriber

25. #65Practice set
    In the context of Pradhan Mantri Awas Yojana (PM-AY), consider the following statements: 1. It, is a flagship scheme of the government of India aimed at providing housing for all by 2022. 2. The scheme will be implemented by the Ministry of Housing and Urban Affairs in urban areas. 3. Beneficiaries of the scheme in urban areas include members of economically weaker sections (EWS), Lower Income Groups and Middle-Income Groups only.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (C) All three
    Explanation

    Option c is the correct answer. PMAY is aimed at providing housing for all by 2022. help eliminate the problem of urban slums major Indian cities like Delhi and Mumbai. The a rural and an urban component both of which implemented by different ministries in their In urban areas, it is being implemented by of Housing and Urban Affairs. Initially only LIG category were covered. This has now been MIG group as well

26. #66Practice set
    Consider the following pairs:Scheme Objective 1. Pradhan Skill development and Mantri Recognition of Prior Kaushal Vikas Learning Yojana 2. Jan Shikshan Providing vocational Sansthan skills to non-literates, Scheme school dropouts 3. Craftsmen Long term training Training through SchemeHow many of the above pairs are correctly matched?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (C) All three
    Explanation

    Option c is the correct l is correct: Pradhan Mantri Kaushal Vikas provides for imparting short duration training through Short-Term Training Recognition of Prior Learning 2 is correct: Jan Shikshan Sansthan (JSS) Scheme providing vocational skills to non-literates, well as school dropouts by identifying skills that have in the region of their 3 is correct: Under Craftsmen Training Scheme term training programme in 137 trades are 14,788 in the

27. #67Practice set
    an initiative of the Government of India, aims at
    • ATraining of school teachers
    • BPromotion of Good Governance in bureaucracy
    • CPromoting the Self-Help Groups in rural areas
    • DProviding financial literacy to women 1220
    Answer: (C) Promoting the Self-Help Groups in rural areas
    Explanation

    Option c is the correct l is correct: In India, insurance penetration was

28. #68Practice set
    Which of the following is not correct with reference to the National Pension System?
    • ANational Pension System is a pension cum investment scheme launched to provide old age security to citizens
    • BAll employees from public, private and the armed forces shall opt for the scheme
    • CThe scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA)
    • DIt is based on unique Permanent Retirement Account Number which is allotted to every subscriber
    Answer: (D) It is based on unique Permanent Retirement Account Number which is allotted to every subscriber
    Explanation

    Option d is the correct a is correct: Employees' contribution is under Old Pension Scheme (OPS). In contribution is mandatory under Scheme (NPS). In NPS employees contribute pension corpus from their salaries with from the b is correct: It is true that a ten-year is necessary to avail benefits under OPS, is not necessary to avail benefits under NPS. All India 18 - 60 years of age are eligible under NPS, and service requirement is not c is correct: It is true that Private employees beneficiaries under the Old Pension Scheme under NPS the employees of the private entity, Citizenship between the age of 18-60 years are be registered as d is incorrect: The provident fund facility both under NPS OPS. Under the OPS, the provision of the General Provident Fund (GPF). all the government employees to contribute a of their salary to the NPS employees and employers contribute a of employees' salary

29. #69Practice set
    With reference to the Mahatma Gandhi National Rural Employment Guarantee Scheme ( ), consider the following statements: 1. It guarantees 100 days of skilled manual work. 2. All districts except for those that have a urban population are covered under it. BI CIAL 3. It is monitored by the Ministry of Labour and Employment. 4. It is mandatory to conduct Social Audit of all Works executed under.How many of the above given statements are correct?
    • AOnly one
    • BOnly two
    • COnly three
    • DAll four
    Answer: (B) Only two
    Explanation

    Option b is the correct National Rural Employment Guarantee Act, the scheme. In 2010, NREGA renamed as. It is one of the world's largest 1 is incorrect: Under the scheme, every whose adult member volunteers to do work is entitled to gd al 100 days uf in a financial year. aims Lu enhance security of 2 is correct: The Act currently covers all for those that have a urban 3 is incorrect: Ministry of Rural Government of India in association with monitors the implementation of the 4 is con-ect: Sedion 17 uf the audit of all Works executed under the. Social Audit is the examination and a programme/scheme conducted with the of people and comparing official records ground realities. Important Tips Features of: It is a scheme. Worker to be hired when he demands and not when the Government wants it. Gram Panchayat is mandated to provide employment within 15 days of work application failing which wo

30. #70Practice set
    Consider the following statements to the Housing development by Government of India: 1. Pradhan Mantri Awas Yojana (Urban) is a scheme for Economically Weaker Sections (EWSs) only. 2. Affordable Rental Housing Complexes (ARHCs) is a sub-scheme under Pradhan Mantri Awas Yojana. 3. Identification of all beneficiaries for PM Awas Yojna is done by using the Socio Economic and Caste Census of 2011.How many of the above given statements are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (A) Only one
    Explanation

    Option a is the correct 1 is incorrect: Pradhan Mantri Awas addresses urban housing shortage among and MIG (Middle Income Groups) the slum dwellers by ensuring a pucca house eligible urban 2 is correct: Affordable Rental (ARHCs) is a sub-scheme under Awas Yojana - Urban (PMAY-U). This will of living to urban migrants/ poor in Industrial well as in non-formal urban economy to get access affordable rental housing close to their 3 is incorrect: For identification as a EWS beneficiary under the Pradhan Mantri Awas scheme, an individual loan applicant will affidavit as proof of income. There is of identification of beneficiary through

31. #71Practice set
    Which of the following statements is/are correct regarding Startup India Seed Fund Schem.d
    • AIt has been launched by the Department of Science and Technology to promote startups in the technological sphere
    • BIt is a government led platform where venture capitalists and new entrepreneurs can meet for the purpose of investment. 74
    • CTo avail the benefits, a Startup should not have received more than 5 Crores of monetary support under any other central or state government scheme
    • DTo avail the benefits, a Startup should have been incorporated within 2 years and should have been recognized by DPIIT
    Answer: (D) To avail the benefits, a Startup should have been incorporated within 2 years and should have been recognized by DPIIT
    Explanation

    Option d is the correct important eligibility condition for participation in India seed fund scheme is that a startup should been incorporated more than 2 years ago and been recognized by DPIIT. An Experts (EAC), constituted by DPIIT, will be the overall execution and monitoring of the Scheme

32. #72Practice set
    With reference to the insurance situation in India, consider the following: 1. Insurance penetration is calculated as ratio of insurance premium to population. 2. FDI in insurance sector is allowed only upto 3. Life Insurance Corporation of India (LIC) is a reinsurance company. okHow many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (D) None
    Explanation

    Option dis the correct l is incorrect. Insurance penetration is percentage of insurance premium to insurance density, is calculated as ratio of to 2 is incorrect. FDI in insurance sector is and not the limit. Parliament on March passed the Insurance Amendment Bill 2021 to foreign direct investment (FDI) limit in the to from 3 is incorrect, Life (UC) is not a reinsurance company. A reinsurer is that provides financial protection to Reinsurers handle risks that are too large companies to handle on their own and make for insurers to obtain more business than otherwise be able to

33. #73Practice set
    The Government has recently increased the foreign direct investment (FDI) limit in the insurance sector. Which of the following is/are the likely to Indian economy from this step? 1. Improvement in capital availability in insurance sector. 2. Cost of insurance products to consumers may reduce 3. Insurance companies in India can now be foreign-owned and foreign-controlled 4. Insurance penetration is likely to double in the next five years from the present level of of GDP.Select the correct answer using the code given below
    • A1 and 2 only
    • B1 only
    • C1, 2 and 3 only
    • D2, 3 and 4 only
    Answer: (C) 1, 2 and 3 only
    Explanation

    Option c is the correct Government has increased the foreign direct limit in the insurance sector to from 1, 2 and 3 are the foreign investment limit (FDI) in the may provide the following Improve capital availability in the insurance sector: A higher FDI limit will help insurance companies access foreign capital to meet their growth requirements. Insurance is a capital-intensive business. Simply put, as an insurance company sells more policies and collects premiums from policy holders, it needs higher capital to ensure that it is able to meet the future Lower cost of insurance products: Higher FDI limits could see more global insurance firms and their best practices entering India. This could mean higher competition and better pricing of insurance products. Policy holders will get a wide choice, access to more innovative products and a better customer service and claims settlement exper

34. #74Practice set
    With reference to the Reinsurance Companies in India, consider the following statements: 1. Reinsurance companies have been kept out of regulatory jurisdiction of the Insurance Regulatory and Development Authority of India. 2. The foreign reinsurance companies are prohibited from operating in India.Which of the statements given above is/an: correct? '
    • A1 only
    • B2 only
    • CBoth 1 and 2
    • DNeither 1 nor 2
    Answer: (D) Neither 1 nor 2
    Explanation

    Option d is the correct term reinsurer refers to a company that protection to insurance companies. risks that are too large for insurance handle on their own and make it possible for to obtain more l is incorrect The Insurance Regulatory Authority (IRDA) of India is a entrusted with a task to regulate, promote and growth of the insurance and reinsurance 2 is incorrect: Swiss Reinsurance Company Branch, Lloyd's India Reinsurance Branch are the foreign reinsurance branches operating in the Insurance Regulator Development has allowed foreign reinsurance branches up to of the excess assigned capital to players and allow free movement of capital

35. #75Practice set
    With reference to the Indian economy, consider the following statements: 1. Insurance penetration is measured as the ratio of insurance premium to the population of the country. 2. Insurance density is calculated as the ratio of insurance premium to the GDP' of the country.Which of the statements given above is/are incorrect?
    • A1 only
    • B2 only
    • CBoth 1 and 2
    • DNeither 1 nor 2
    Answer: (C) Both 1 and 2
    Explanation

    Option c is the correct l is incorrect: Internationally, the potential of the insurance sector are generally on two parameters, viz., insurance penetration density. Insurance penetration is measured as of insurance premium to GDP of the 2 is incorrect: Insurance density is calculated ratio of insurance premium to population

36. #76Practice set
    Consider the following statements with reference to the Micro insurance in India: 1. It is an insurance policy designed for the betterment of the economically vulnerable population of the country. 2. Under Microinsurance, only life insurance policies can be provided, not the general insurance policies. 3. District Co-operative Banks and Regional Rural Banks can be appointed as a micro-' insurance agent in India.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (B) Only two
    Explanation

    bis the 1 is correct: Mkro insurance is a type policy designed for the betterment of vulnerable population of the insurance can provide insurance cushioning for vulnerable population. Such plans can sense of security to low-income people that are unable Lhc popular form of insurance. Micro insurance plan created for providing insurance solutions living in a rural 2 is incorrect: According to TRDAT, a mkro insurance policy is a general or life insurance policy the life insurance policy) with a sum assured of or 3 is correct: In India, the first was introduced by IRDA in 2005, with the Regulations, 2005. The IRDA (Micro insurance) Regulations, 2005 was amended in the year the goal of increasing micro-insurance penetration It allowed District Co-operative Banks, Banks, and Business Correspondents of Banks to be appointed as

37. #77Practice set
    With reference to 'Insurance Regulatory and Development Authority (IRD consider the following statements: 1. It is a statutory body formed under the General Insurance Business Act of 1972. 2. It regulates the investment of funds by the insurance companies in India. 3. It is mandatory for the government to appoint the members of IRDA from public-sector insurance companies only.How many of the statements given above are correct?
    • AOnly one
    • BOnly two
    • CAll three
    • DNone
    Answer: (A) Only one
    Explanation

    Option a is the 1 is incorrect; Insurance Regulatory Authority of India (IRDAI), is a formed under an Act of Parliament, i.e., and Development Authority Act, 1999 1999) for overall supervision and development of sector in 2 is correct: Section 14 of IRDAI Act, 1999 the duties, powers and functions of IRDAI the one of the important function of the Authority is the investment of funds by insurance 3 is incorrect: It is only the tradition to from public sector insurance companies and not on part of Government. Important Tips The authority is a ten-member body consisting of a chairman, five whole-time members, four part-time members, all of the appointments are done by the Government of India

38. #78Practice set
    With reference to Foreign Direct Investment (FDI) in insurance sector, consider the following statements: 1. FDI under automatic route in insurance company cannot exceed limit. 2. It is mandatory for insurance companies with foreign investment to have the majority of their directors as resident Indians.Which of the statements given above is/are correct?
    • A1 only
    • B2 only
    • CBoth 1 and 2
    • DNeither 1 nor 2
    Answer: (B) 2 only
    Explanation

    Option b is the correct l is incorrect: Parliament had passed Amendment Bill 2021 to increase the FDI the insurance sector to from Government permissible FDI limit from to the automatic route and ownership and control with 2 is correct: As per Tnsunmce Rules, 2021, any Indian insurance should have ib of dircdors as an Independent director. compames, with foreign investnwnl, s the majority of their directors and key as resident Indians

39. #79Practice set
    With reference to the Employees' State Insurance Scheme (ESI), consider the following statements: 1. Casual workers such as those engaged in the construction activities can be covered by this scheme. 2. The scheme requires all employees to pay their contribution to avail benefits under this scheme. 3. The scheme provides cash benefits to male as well as female employee to promote acceptance of sterilization method.How many of the statements given above are correct?
    • AOnly One
    • BOnly Two
    • CAll Three
    • DNone Practicebo Fo
    Answer: (B) Only Two
    Explanation

    Option b is the correct 1 is correct: The Supreme Court has held that of employee provided by the ESI Act covers employed for a few days on a work of and they cannot be deprived of the of the Act. Further the ESIC has extended of the ESI Scheme to the workers on 2 is incorrect: The ESI Scheme is financed from employers and employees. The rate under the ESI Act (employers' and employees' contribution 0.75 earning less than Rs. 137 /- a day as daily exempted from payment of their share of 3 is correct: scheme to promote acceptance method, provides sickness cash benefit full wage for a period of 7 days for vasectomy 14 days for tubectomy (female). They are of contraception for women and men respectively. Important Tips Employees' state Insurance Corporation of India (ESIC) provides socioeconomic protection to the worker population and immediate dependent or family covered under the Employee

40. #80Practice set
    Which of the following is/are features of the One Nation One Ration Card (ONORC) plan? Ellf 1. Compulsory linking of Aadhar number of beneficiaries with their ration cards. 2. It is an IT-driven system to provide for seamless integration of Fair Price Shops with a central database. 3. The scheme is being implemented by Ministry of Electronics and IT.Select the correct answer using the code given below
    • A2 only
    • B1 and 2 only
    • C2 and 3 only
    • D1, 2 and 3
    Answer: (B) 1 and 2 only
    Explanation

    Option b is the correct l is correct: The government made it seeding of Aadhar number with ration card in order the benefits of 2 is correct: The IT system is the backbone ONO RC scheme. The new system identifies on their Aadhar card and biometric a family can buy food grains from any FPS in 3 is incorrect: The plan is implemented by of Food and Public Distribution under of Consumer Affairs, Food and Public Distribution

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