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Indian Economy

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Indian Economy - Important Points

26.		What is the primary objective of the National Rural Employment Guarantee Act (NREGA)?

A. To provide employment opportunities to rural households

B. To promote sustainable agriculture practices in rural areas

C. To provide free education to rural children

D. To provide healthcare facilities to rural communities

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Answer: option a

Explanation:

The National Rural Employment Guarantee Act (NREGA)is a social welfare scheme launched by the Government of India in 2005. The primary objective of the scheme is to provide employment opportunities to rural households, especially during the lean agricultural season, by guaranteeing at least 100 days of wage employment in a year to every household whose adult members volunteer to do unskilled manual work.

27.		Which of the following is a type of direct tax in India?

A. Service tax

B. Excise duty

C. Corporate tax

D. Value-added tax (VAT)

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Answer: option c

Explanation:

Direct taxes are taxes that are levied on individuals and corporations based on their income or profits. Corporate tax is a type of direct tax that is levied on the profits earned by companies. Service tax, excise duty, and VAT are all examples of indirect taxes, which are levied on goods and services.

28.		Which of the following is not a component of the Index of Industrial Production (IIP)?

A. Mining

B. Manufacturing

C. Electricity

D. Agriculture

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Answer: option d

Explanation:

The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base perioIt consists of three components: Mining, Manufacturing, and Electricity. Agriculture is not included in the IIP.

29.		The 'National Rural Livelihood Mission' was launched in:

A. 2005

B. 2009

C. 2013

D. 2015

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Answer: option b

Explanation:

The National Rural Livelihood Mission (NRLM) was launched by the Ministry of Rural Development, Government of India in 2011. It aims to create efficient and effective institutional platforms of the rural poor, enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.

30.		Which of the following is not a feature of the 'Green Revolution'?

A. Use of high-yielding varieties of seeds

B. Use of chemical fertilizers

C. Use of irrigation facilities

D. Use of organic farming techniques

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Answer: option d

Explanation:

The Green Revolution is a period of agricultural transformation that occurred in the 1960s and 1970s, primarily in the developing worlIts features include the use of high-yielding varieties of seeds, chemical fertilizers, and irrigation facilities to increase crop yields. Organic farming techniques were not used during the Green Revolution.

Indian Economy Questions and Answers FAQ

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Indian Economy

Indian Economy Questions and Answers FAQ

Why do I need to learn Indian Economy Questions with Answers in General Knowledge?

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