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Poverty, Employment & Schemes — UPSC Prelims Economy previous year questions — page 3

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. #81Practice set
   Shaphari scheme is related to which of the following?
   • AIt is a certification scheme for aquaculture products
   • BIt is a scheme for developing Urban Forests
   • CThe scheme promotes value addition of Mi nor Forest Produce
   • DIt is cattle breed improvement marketplace and information portal
   Answer: (A) It is a certification scheme for aquaculture products
   Explanation

   Option a is the correct a is correct: is a Sanskrit word quality fish suitable for consumption for even is a certification scheme for aquaculture by the Marine Products Exports is applicable to Aqua Farm that conforms to the for Good Aquaculture Practices ( GAP) the standards of. Important Tips The aim of the scheme is to certify hatcheries and farms that adopt good aquaculture practices so as to bolster confidence in India's frozen shrimp produce. LTURE This certification was proposed as a market-based tool for hatcheries to adopt good aquaculture practices and help produce quality antibiotic-free shrimp products to assure global consmners. The scheme is based on the United Nations' Food and Agriculture Organization's technical guidelines on aquaculture certification. The scheme will have two components: Certifying hatcheries for the quality of their seeds and Separately approving shrim

2. #82Practice set
   Which of the following statement is incorrect regarding the scheme named Formation and promotion of l new FPOs (Farmer producer Organisations)?
   • AUnder the scheme, FPOs can avail the credit guarantee facility. Practicebo
   • BThe scheme adopts cluster-based approach
   • CAt National level, National Agricultural Cooperative Marketing Federation of India (NAFED) will provide overall project guidance
   • DThe members of FPO are primary producers
   Answer: (C) At National level, National Agricultural Cooperative Marketing Federation of India (NAFED) will provide overall project guidance
   Explanation

   Option c is the correct a is correct: The Government also assists the form of Equity Grant and Credit Guarantee FPOs will be provided financial assistance upto lakh per FPO for a period of 3 years. In addition to has been made for matching equity grant upto per farmer member of FPO with a limit 15.00 FPO. The scheme also provides for credit upto 2 crore of project loan per FPO from institution to ensure institutional credit b is correct: Formation and promotion of based on Produce Cluster Area. A "Produce herein means a geographical area wherein allied produce such as horticultural produce of of almost similar nature is grown / cultivated. duster-based approach for produce or formation of FPOs will also focus on "One Product" approach for development of in case the focused agriculture produce declared for that c is incorrect: At National level, National Agency (NPMA) as a professional be

3. #83Practice set
   With respect to Open Market Scheme consider the following statements: 1. Under this scheme, only rice is sold in open market. 2. It was launched to offload the excess amount of stock from FCI godowns. 3. This is used by central government to regulate the open market price of these cereals.How many of the statements given above are correct?
   • AOnly one
   • BOnly two
   • CAll three
   • DNone ok AGR.it
   Answer: (B) Only two
   Explanation

   Option b is the correct l is incorrect: Food Corporation of India surplus stocks of wheat and rice primarily under Sale Scheme (Domestic) at pre-determined e-auction in the open market. Under the OMSS, of rice is fixed at and wheat- 2 is correct: FCI has begun Open Market (OMSS) for bulk buyers such as food companies millers. FCI godowns are overflowing with grain three times the buffer stock norms of 21.04 million the agency to start sales to bulk buyers to for the new 3 is correct: Under it e-auction is held is done to time to enhance the supply of food grains, during the lean season and thereby moderate the prices especially in the deficit regions

4. #84Practice set
   With reference to National Fisheries Development Board (NFDB), consider the following statements: 1. It is an autonomous organization under the Ministry of Agriculture. 2. It focuses on training and empowering women in the fisheries sector to generate substantial employment. 3. It is the implementing agency of Fisheries and Aquaculture Infrastructural Development Fund (FIDF).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 Fisheries Development Board (NFDB) in 2006 to enhance fish production in the country and coordinate in an integrated and holistic l is incorrect: The National Board (NFDB) is an autonomous the Department of Fisheries, Ministry of Husbandry and Dairying, Government of 2 is correct: NFDB aims to provide marketing assistance, and financial support activities. It also focuses on participation in the fisheries sector to employment 3 is correct: NFDB is the implementing agency Fisheries and Aquaculture Infrastructural (FIDF)

5. #85Full-length test
   Consider the following statements about the difference/s between National Pension FC { } r System (NPS) and the old pension scheme (OPS): 1. OPS does not provide any guaranteed pension, whereas the NPS provides a guaranteed pension by the government. 2. Only government employees were eligible under Old Pension Scheme, whereas private sector employees can also join New Pension Scheme. 3. Under OPS, there is no provision for tax on pension, whereas certain proportion of pension is taxable under the NPS. 4. Under NPS, employees are not required to contribute to their pensions, while employees contribute 10 percent of their basic salary under the OPS.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 Old Pension Scheme (OPS) and National (NPS) are two pension schemes in 1 is incorrect: The NPS is a defined that allows individuals to invest in a variety funds. Under the NPS, the government does any guaranteed pension. Instead, the is based on the investment returns generated by OPS, on the other hand, is a defined benefit provides a pension based on the individual's last and the number of years of service. Under the government provides a guaranteed pension that on the individual's last drawn salary and the years of 2 is correct: Under the OPS, only were eligible for the pension scheme, while is open to all citizens between 18-60 years of private sector 3 is correct: Under Old Pension Scheme is no tax on pension. However, under System (NPS), of the NPS Corpus is the remaining is 4 is incorrect: Under OPS, employees are to contribute to their pensions. An incenti

6. #86Full-length test
   With reference to Small Savings Schemes of the Government of India, consider the following statements: 1. Interests earned upon investment in some of these schemes by private individuals are exempted from income tax. 2. Some of the Private Sector banks are allowed to sell these schemes. 3. All funds received under these schemes are credited to the Consolidated Fund of India. 4. Any increase in the interest rate on these schemes may reduce the money supply in the economy.How many of the above given statements are correct?
   • AOnly one
   • BOnly two
   • COnly three
   • DAll the four
   Answer: (C) Only three
   Explanation

   Option c is the correct Savings Schemes are a set of savings by the central government with an aim to to save regularly irrespective of their I is correct: It is true that Interests earned in some of these schemes by private exempted from income tax. For instance, the Fund are exempted from tax on - capital, Interest earned out of investment and and for this reason investment oh PPF is referred EBE investment, meaning tax exemptions on all a c { 2 is correct: The selected Private sector eligible to sponsor Small Savings schemes to of India. National Savings Schemes are to the citizens through a large network of 1.54 Offices and branches of all Nationalised and Commercial Banks namely, Axis Bank, ICICI HDFC 3 is incorrect: All deposits received under Schemes are credited to the Public Account Fund of India). The deposits received Savings schemes are credited to the National Fund (NSSF), a

7. #87Full-length test
   With reference to the National Pension System (NPS) and Atal Pension Yojana (APY), consider the following statements: 1. Non-Resident Indians can invest in NPS but not in APY. 2. Certain tax benefits are available to investors of both NPS and APY. 3. Unlike APY, NPS provides investors the options to choose how they want to invest their money under the scheme. 4. Central Government Employees can invest only in NPS but not in APY.How many of the above given statements are correct? Manipur hills. Lushai Hills. Lushai Hills. Naga Hills. Which of the following statements is/ are correct regarding freedom fighter Chittaranjan Das (C.R. Das)?
   • AOnly one
   • BOnly two
   • COnly three
   • DAll four { }
   Answer: (B) Only two
   Explanation

   Option b is the correct National Pension System (NPS) is a defined contribution pension system in India regulated by Regulatory and Development Authority which is jurisdiction of Ministry of Finance of the India. Whereas Atal Pension Yojana (APY), a launched by Government of India is focused unorganized sector workers. Under the APY, pension will start after attaining the age of depending on the contributions by the subscribers chosen pension 1 is incorrect: can invest in both NPS NPS allows investors who are to invest in Similarly, Atal Pension Yojana states that NRI age group 18-40 years having a bank account with of Presence (POPs) (Branch) is eligible to open 2 is correct: NPS provides investors of a tax rebate of up to Rs. 2 lakhs and save tax SOC. Tax benefits available to NPS subscribers available to Atal Pension Yojna (APY) subscribers. earned through APY are exempted from tax. b

8. #88Full-length test
   Consider the following comparison between the Central Sector Scheme and Centrally Sponsored Scheme:. 1. Central Sector Schemes are implemented by the Central government while the Centrally Sponsored Schemes are implemented by the State governments. 2. The Central Sector Scheme is formulated on subjects mentioned in the Union list only while the Centrally Sponsored Scheme is formulated on subjects mentioned in the State list only. 3. Central Sector Scheme is fully funded by the Central government while the expenditure of the Centrally Sponsored Scheme is divided between the Centre and States. 4. is a Central Sector Scheme while Pradhan Mantri Mudra Yojana is a Centrally Sponsored Scheme.How many of the statements given above are correct?
   • AOnly one
   • BOnly two
   • COnly three
   • DAll four
   Answer: (B) Only two
   Explanation

   Option b is the correct welfare schemes, implemented by the government financial and other aids to individuals who themselves, can be categorized into two sections sponsored schemes and central sector 1 is correct: Central Sector Schemes are schemes which are designed, planned by the Central government. Whereas of Centrally Sponsored Schemes is the union territory or state 2 is incorrect: Central Sector Scheme mainly on subjects in Union List while Sponsored Scheme focuses on subjects in Centrally Sponsored Scheme may also be formed 3 is correct: Central Sector Schemes are that are entirely and directly funded by the Whereas Centrally Sponsored Scheme into three parts (a) core of the core (b) core optional. These are divided on the basis of the of the 4 is incorrect: Pradhan Mantri Mudra Yojana is Sector Scheme while the is a Scheme. The scheme which the core of the core group will see t

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