Take This Trivia Quiz On Economic And Social Development
Are you looking for some revision material for the social and economic development topics? If you said yes then the quiz below is exactly what the doctor prescribed, take it up and get to have an extensive revision on the subject and be able to ace any exam or test that you might have to take in class. Don’t forget to share the quiz.
Questions and Answers
- 1.
Which was the 1st bank managed by Indians?
- A.
State Bank of India
- B.
Allahabad Bank
- C.
Oudh Bank
- D.
None of these
Correct Answer
C. Oudh BankExplanation
The correct answer is Oudh Bank. The Oudh Commercial Bank was established in 1881 in Faizabad, Uttar Pradesh, making it the first bank managed by Indians. It aimed to promote indigenous enterprise and provide financial support to local industries. The bank played a crucial role in the economic development of the region and was eventually merged with Punjab National Bank in 1950.Rate this question:
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- 2.
_______________ and _____________ will be connected by the Eastern Dedicated Freight Corridor that is being built by the Indian Railways.
- A.
Noida and Panipat
- B.
Kanpur and Bhubaneswar
- C.
Sonnagar and Ludhiana
- D.
None of these
Correct Answer
C. Sonnagar and LudhianaExplanation
The Eastern Dedicated Freight Corridor being built by the Indian Railways will connect Sonnagar and Ludhiana.Rate this question:
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- 3.
Under the administrative control of which ministry does the Commissioner of Rail Safety lies?
- A.
Ministry of Railways
- B.
Ministry of Civil Aviation
- C.
Cabinet Secretariat
- D.
None of these
Correct Answer
B. Ministry of Civil AviationExplanation
The Commissioner of Rail Safety lies under the administrative control of the Ministry of Civil Aviation. This indicates that the Commissioner is responsible for overseeing and ensuring the safety of rail operations, despite being under the jurisdiction of the civil aviation ministry. This arrangement suggests that there may be some level of coordination and collaboration between the two ministries in matters related to rail safety.Rate this question:
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- 4.
NSDL, National Securities Depository Limited deals with which of the following?
- A.
Electronic shares
- B.
Cash
- C.
Debentures
- D.
None of these
Correct Answer
A. Electronic sharesExplanation
NSDL, National Securities Depository Limited deals with electronic shares. NSDL is a central securities depository in India that facilitates the holding and trading of securities in electronic form. It provides services for the dematerialization, settlement, and transfer of securities, making it easier and more efficient for investors to hold and trade shares electronically.Rate this question:
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- 5.
How is GNP different from GDP?
- A.
GNP includes net income from abroad
- B.
GNP includes export income
- C.
GNP includes direct taxes
- D.
None of these
Correct Answer
A. GNP includes net income from abroadExplanation
GNP (Gross National Product) differs from GDP (Gross Domestic Product) because GNP includes net income from abroad. This means that GNP takes into account the income earned by a country's residents from investments or work done outside of the country, while GDP only considers the economic activity that occurs within the country's borders. Therefore, GNP provides a more comprehensive measure of a country's economic output by including income generated both domestically and internationally.Rate this question:
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- 6.
The __________ is a pension scheme designed for workers in unorganized sector. These workers include those who do not have access to the social security net.
- A.
Swavalamban
- B.
Swabhiman
- C.
Swatantra
- D.
None of these
Correct Answer
A. SwavalambanExplanation
Swavalamban is the correct answer because it is a pension scheme specifically designed for workers in the unorganized sector who do not have access to the social security net. Swavalamban aims to encourage these workers to voluntarily save for their retirement by providing them with a co-contribution from the government. It helps to ensure financial security for these workers in their old age.Rate this question:
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- 7.
The ____________ unit of valuation is referred to as 'paper gold'.
- A.
SDR
- B.
Eurodollar
- C.
GDR
- D.
None of these
Correct Answer
A. SDRExplanation
The correct answer is SDR. SDR stands for Special Drawing Rights, which is an international reserve asset created by the International Monetary Fund (IMF). It is considered a 'paper gold' because its value is based on a basket of major currencies (US dollar, euro, yen, pound sterling), rather than being backed by physical gold. SDRs are used as a unit of account and valuation by the IMF and some other international organizations.Rate this question:
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- 8.
DSM under World Trade Organization is a mechanism for?
- A.
Direct Service
- B.
Dispute Settlement
- C.
Dangerous Substance
- D.
None of these
Correct Answer
B. Dispute SettlementExplanation
DSM stands for Dispute Settlement Mechanism. It is a mechanism under the World Trade Organization (WTO) that is used to settle disputes between member countries regarding trade issues. It provides a forum for member countries to resolve their trade disputes through consultations, negotiations, and if necessary, through the establishment of dispute settlement panels. The correct answer, therefore, is Dispute Settlement.Rate this question:
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- 9.
An example of a 'dirty subsidy' could be?
- A.
Subsidy on diesel
- B.
Mid-day meals programme
- C.
Subsidy to households above poverty line
- D.
None of these
Correct Answer
A. Subsidy on dieselExplanation
A 'dirty subsidy' refers to a subsidy that supports or promotes activities or products that have negative environmental or social impacts. In the case of a subsidy on diesel, it can be considered a dirty subsidy because diesel is a fossil fuel that contributes to air pollution and climate change. The use of diesel also has adverse health effects and is not sustainable in the long run. Therefore, providing a subsidy for diesel can be seen as supporting a harmful and unsustainable industry.Rate this question:
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- 10.
Why is Amniocentesis legally banned?
- A.
It causes the spread of AIDS
- B.
It harms the foetus
- C.
It is used for the purpose of selection of the sex of the foetus
- D.
None of these
Correct Answer
C. It is used for the purpose of selection of the sex of the foetusExplanation
Amniocentesis is legally banned because it is used for the purpose of selection of the sex of the fetus. This practice is considered unethical and discriminatory as it promotes gender-based discrimination and can lead to an imbalance in the male-female ratio in society. It goes against the principles of gender equality and reproductive rights. Therefore, to prevent the misuse of amniocentesis for sex selection, it is prohibited by law.Rate this question:
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Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Jan 08, 2015Quiz Created by
Tanmay Shankar
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