Economic And Social Development MCQ Trivia Quiz

The term Euribor is associated with a reference rate for the Euro Money Market. Euribor stands for Euro Interbank Offered Rate, which is the average interest rate at which Eurozone banks offer unsecured loans to each other. It is a key benchmark for the financial industry and is used as a reference rate for various financial products, such as loans, mortgages, and derivatives. SEBI and SAARC are unrelated to Euribor, making the correct answer "A reference rate for Euro Money Market."

The ex-officio chairman of the Planning Commission of India is the Prime Minister. This means that the Prime Minister holds this position by virtue of their office, without the need for any additional appointment or election. As the head of the government, the Prime Minister is responsible for overseeing and guiding the planning and development of the country, making them the appropriate choice for this role.

Population growth is not an objective of economic planning in India because it is seen as a challenge rather than a goal. The focus of economic planning is typically on achieving sustainable development, reducing poverty, promoting industrial growth, and generating employment opportunities. Population growth, on the other hand, is often considered a hindrance to development as it puts pressure on resources, infrastructure, and social services. Therefore, it is not included as an objective of economic planning in India.

The correct answer is Kerala, Maharashtra, Punjab. These three states had higher Human Development Indicators than China but lower than Korea and Mexico, as per the RBI study.

Sikkim recently organized the International Rhododendron festival. This implies that Sikkim is the state of India that hosted the festival.

Balance of Payments refers to all economic transactions of a country with the rest of the world in a given year. It includes the exchange of goods, services, and capital between the country and other nations. This term encompasses both the balance of trade, which refers to the difference between a country's exports and imports of goods, and the balance of services, which includes transactions related to services like tourism, transportation, and financial services. Therefore, Balance of Payments is the correct term to describe all economic transactions of India with the outside world in a year.

ASEAN accounts for approximately 10% of India's Foreign Trade. This means that out of the total value of India's foreign trade, around 10% can be attributed to trade with ASEAN countries.

The largest carbon credit project in the world is carried out in India. This implies that India has implemented a project that aims to reduce carbon emissions and earn carbon credits in return. This project could involve various initiatives such as renewable energy projects, afforestation, or energy efficiency measures. India's commitment to such a large-scale project highlights its efforts towards mitigating climate change and promoting sustainable development.

The Forward Markets Commission works under the Ministry of Consumer Affairs, Food and Public Distribution in the Indian Government.

The correct answer is Union Excise Duties & Customs. Union Excise Duties are taxes imposed on the production, sale, or consumption of specific goods and services within the country. Customs duties, on the other hand, are taxes levied on goods imported into or exported out of the country. These two groups of indirect taxes generate the maximum revenue for the Indian government.