Who controls the activities of indigenous bankers?
Answer: D
None of these controls them.
Indigenous bankers - shroffs, sahukars and mahajans - lie outside the organised money market. They neither accept deposits from the public in the banking sense nor come within the Banking Regulation Act, so the RBI has no authority over them.
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Indian Planning Commission was constituted in
Answer: C
The Planning Commission was constituted in 1950.
It was set up in March 1950 by a Cabinet resolution, with the Prime Minister as chairman, and prepared the First Five Year Plan for 1951-56. It had no constitutional or statutory basis, which is why it could be replaced by executive decision in 2015.
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Which place does India hold in milk production?
Answer: D
India ranks first in milk production.
It produces around a fifth of the world's milk, having overtaken the United States in the late 1990s. The achievement is Operation Flood's: output rose from about 20 million tonnes in 1970 to over 200 million today, largely from smallholders with one or two animals.
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Who is the ex-officio Chairman of the Planning Commission?
Answer: D
The Prime Minister was ex-officio Chairman.
The Cabinet resolution of 1950 made the Prime Minister chairman of the Planning Commission, with a full-time Deputy Chairman of Cabinet rank running it. NITI Aayog retains the same arrangement, with a Vice-Chairman in place of the Deputy Chairman.
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The birth rate measures the number of births during the year per
Answer: C
It is measured per thousand of population.
\[\text{Crude birth rate} = \frac{\text{live births in the year}}{\text{mid-year population}}\times 1000\] It is called crude because it takes no account of the age and sex composition of the population.
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"Golden Handshake Scheme" is associated with
Answer: D
The golden handshake is voluntary retirement.
A lump-sum payment persuades an employee to leave before the normal age of retirement. Indian public sector units used voluntary retirement schemes extensively after 1991 to reduce overstaffing without resorting to retrenchment, which industrial law makes difficult.
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Bank notes of Rs 20 and above are printed at the
Answer: B
They are printed at the Bank Note Press, Dewas.
Dewas in Madhya Pradesh prints the higher denominations, while the Currency Note Press at Nashik has handled the lower ones. The RBI's own presses at Mysore and Salboni, set up in the 1990s, now print the bulk of the country's notes.
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Net factor income from abroad added to GDP gives
Answer: C
It gives GNP, the gross national product.
\[GNP = GDP + \text{net factor income from abroad}\] GDP measures what is produced within the country's borders; GNP measures what is earned by its residents, wherever the factors are employed. For a country with large remittances, GNP exceeds GDP.
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What was the aim of Antyodaya programme?
Answer: D
It aimed at helping the poorest among the poor.
The Antyodaya programme, begun in Rajasthan in 1977, selected the five poorest families in each village every year for direct assistance - land, a milch animal, or a bank loan. The name means 'rise of the last', from Gandhi.
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Who is the Chairman of NDC?
Answer: B
The Prime Minister chairs the National Development Council.
All Chief Ministers, the administrators of Union Territories and the Union Cabinet ministers are members, with the Secretary of the Planning Commission as secretary. It was the forum in which a plan received the states' assent.
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