Take This Trivia Quiz On Economic And Social Development

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.

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.

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.

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.

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.

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.

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.

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.

The Eastern Dedicated Freight Corridor being built by the Indian Railways will connect Sonnagar and Ludhiana.

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.