Kutir Jyoti scheme is associated with
Answer: C
Kutir Jyoti provides electricity to rural families below the poverty line.
Launched in 1988-89, it gave a single-point light connection to rural households below the poverty line, with the cost of the service connection met by the Centre.
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Recent Tax reforms in India are based on the
Answer: A
They rest on the Raja J. Chelliah Committee report.
The Tax Reforms Committee of 1991 recommended fewer rates and lower ones, a broader base and simpler administration - the approach that cut the peak income tax rate from over 50 per cent to 30 and customs duties from 300 per cent to under 50.
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The chairman of the 13th Finance Commission is
Answer: A
The Thirteenth Finance Commission was chaired by Vijay L. Kelkar.
It was constituted in 2007 and reported for the period 2010-15, raising the states' share of central taxes to 32 per cent and setting out a road map for GST.
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Consolidation of two or more existing companies into one is known as
Answer: D
This is amalgamation.
Two or more existing companies are wound up and a new company formed to take over their business, the shareholders of the old receiving shares in the new. In absorption, one existing company takes over another and no new company is formed.
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India holds the third position in the production of sugarcane.
Answer: B
False. India is not third in sugarcane production.
India is either first or second in the world, alternating with Brazil, and produces roughly a fifth of the global crop. Uttar Pradesh and Maharashtra account for most of the Indian output.
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Gilt-edged market means
Answer: B
The gilt-edged market is the market for government securities.
The name comes from the gilded edges of the certificates the British government once issued, and reflects the security's freedom from default risk. In India it is the largest segment of the debt market, and the RBI manages it as the government's debt manager.
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Who was the winner of new Rupee symbol contest ?
Answer: D
D. Udaya Kumar won the contest.
A post-graduate of IIT Bombay and then a faculty member at IIT Guwahati, he submitted the winning design out of more than 3,000 entries. His symbol combines the Devanagari ra and the Roman R, with two horizontal strokes at the top.
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Among the following, India earns the most foreign exchange by the export of
Answer: D
Textiles earn the most of these.
Textiles and garments are among India's largest export groups, worth some $35 billion a year, far ahead of tea at about $800 million. Tea was a leading earner in the decades after independence, which is the older answer to this question.
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When was new rupee symbol was selected by Union Cabinet ?
Answer: B
It was selected on 15 July 2010.
The Union Cabinet approved the symbol designed by D. Udaya Kumar of IIT Guwahati, chosen from over 3,000 entries. It blends the Devanagari ra with the Roman R, and the two parallel lines suggest the tricolour and the equals sign.
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If the RBI adopts an expansionist open market operations policy, this means that it will
Answer: C
It will offer commercial banks more credit in the open market.
An expansionist open market operation means the RBI buys government securities from banks and the public, paying with newly created reserves. That raises the cash base of the banking system and, through the money multiplier, expands credit.
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