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Daily Quiz: December 17, 2019
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- Question 1 of 5
1. Question
1 pointsCategory: EconomyConsider the following statements with respect to Independent Evaluation Office (IEO):
1. It was created to promote public accountability of social sector schemes
2. It was created on the same lines of IEO of IMF
Which of the following below given codes are correct?Correct
Explanation: An Independent Evaluation Office (IEO) has been created by the GoI in February 2014, at an arm’s distance from the government with the objective of strengthening public accountability of some of the important social sector programmes, which account huge resource mobilisation such as the flagship programmes. Conceived on the lines of Independent Evaluation Office (IEO) of the IMF, the body has been created on the basis of international experiences.
Incorrect
Explanation: An Independent Evaluation Office (IEO) has been created by the GoI in February 2014, at an arm’s distance from the government with the objective of strengthening public accountability of some of the important social sector programmes, which account huge resource mobilisation such as the flagship programmes. Conceived on the lines of Independent Evaluation Office (IEO) of the IMF, the body has been created on the basis of international experiences.
- Question 2 of 5
2. Question
1 pointsCategory: EconomyConsider the following statements with respect to “Bottleneck Inflation”:
1. This inflation takes place when the supply falls drastically
2. This inflation takes place when the demand falls drastically
Which of the following below given codes are correct?Correct
Explanation: Bottleneck inflation takes place when the supply falls drastically and the demand remains at the same level. Such situations arise due to supply-side accidents, hazards or mismanagement which is also known as ‘structural inflation’. This could be put in the ‘demand-pull inflation’ category.
Incorrect
Explanation: Bottleneck inflation takes place when the supply falls drastically and the demand remains at the same level. Such situations arise due to supply-side accidents, hazards or mismanagement which is also known as ‘structural inflation’. This could be put in the ‘demand-pull inflation’ category.
- Question 3 of 5
3. Question
1 pointsCategory: EconomyWhich of the following areas are focused under Rashtriya Krishi Vikas Yozana (RKVY)?
1. Drip and Sprinkler Irrigation
2. Agricultural Mechanization
3. Soil health and Productivity
Choose the correct code from below given options?Correct
Explanation: Areas of focus under the RKVY
•Integrated Development of Food crops, including coarse cereals, minor millets and pulses
•Agriculture Mechanization
•Soil Health and Productivity
•Development of Rain-fed Farming Systems
•Integrated Pest Management
•Promoting extension services
•Horticulture
•Animal Husbandry, Dairying & Fisheries
•Sericulture
•Study tours of farmers
•Organic and Bio-fertilizers
•Innovative SchemesIncorrect
Explanation: Areas of focus under the RKVY
•Integrated Development of Food crops, including coarse cereals, minor millets and pulses
•Agriculture Mechanization
•Soil Health and Productivity
•Development of Rain-fed Farming Systems
•Integrated Pest Management
•Promoting extension services
•Horticulture
•Animal Husbandry, Dairying & Fisheries
•Sericulture
•Study tours of farmers
•Organic and Bio-fertilizers
•Innovative Schemes - Question 4 of 5
4. Question
1 pointsCategory: EconomyConsider the following statements with respect to food grains Buffer Stock:
1. India has a policy of maintain a minimum reserve of food grains
2. The reserves are used for only Open Market Sale to check the rising prices
Which of the following below given codes are correct?Correct
Explanation: India has a policy of maintaing a minimum reserve of foodgrains (only for wheat and rice) so that food is available throughout the country at affordable prices round the year. The main supply from here goes to the TPDS (the PDS was restructured as the Targeted PDS in 1997) and at times goes for Open Market Sale to check the rising prices, if needed.
Incorrect
Explanation: India has a policy of maintaing a minimum reserve of foodgrains (only for wheat and rice) so that food is available throughout the country at affordable prices round the year. The main supply from here goes to the TPDS (the PDS was restructured as the Targeted PDS in 1997) and at times goes for Open Market Sale to check the rising prices, if needed.
- Question 5 of 5
5. Question
1 pointsCategory: Economy“Special Safeguard Mechanism” of WTO related to which of the following?
Correct
Explanation: In recent times, India has become more conscious towards protecting its agricultural trade interests at the international platforms. At the 10th Ministerial Conference of the WTO (Nairobi, December 2015), the Government of India adopted the following approach towards agri-trade policy:
(i) A Special Safeguard Mechanism (SSM) for developing countries.
(ii) Public stockholding food for security purposes,
(iii) A commitment to abolish export subsidies for farm exports, and
(iv) measures related to cotton.Incorrect
Explanation: In recent times, India has become more conscious towards protecting its agricultural trade interests at the international platforms. At the 10th Ministerial Conference of the WTO (Nairobi, December 2015), the Government of India adopted the following approach towards agri-trade policy:
(i) A Special Safeguard Mechanism (SSM) for developing countries.
(ii) Public stockholding food for security purposes,
(iii) A commitment to abolish export subsidies for farm exports, and
(iv) measures related to cotton.
