NABARD Economic
and Social Issues MCQ’s (Set – 4)
Dear Aspirants,
Welcome
to Mentor for Bank Exams. NABARD Grade A Recruitment for 2018
is announced and Prelims Exam is scheduled on 12th May 2018. As you know that
exam is approaching, you need to be very focused on practice more and more
questions to maximize your score. The Economic and Social Issues Section
carries 40 marks. For the clear idea of NABARD Prelims Exam, go through
this NABARD Economic and Social Issues MCQ’s daily.
1. What is the most
important link between Mutual Fund and Investors?
a) RBI
b) Fund
Distributor
c) Bank
d) All of
the above
e) None of
the above
Answer: B)
Explanation: A Fund
Distributor is an individual or a corporation serving as principal underwriter
of a mutual fund's shares, buying shares directly from the fund, and reselling
them to other investors.
2. What is the rank of
India on a ‘Corruption Perception Index’, in a list released by Transparency
International?
a) 21
b) 61
c) 81
d) 31
e) 91
Answer: C)
Explanation: India has
been ranked at 81st place out of 180 countries on a ‘Corruption Perception
Index’, in a list released by Transparency International. India’s ranking is
worse than those of China and Bhutan but better than Pakistan & Bangladesh.
India's score is 40. New Zealand & Denmark topped the list, while Syria,
South Sudan & Somalia are at the bottom with scores of 14, 12 & 9
respectively.
3. What is the
difference between GDP and GNP?
a) Depreciation
b) Taxes
and Subsidies
c) Net
income from abroad
d) Market
price vs Factor cost
e) None of
the above
Answer: C)
Explanation: Gross
Domestic Product is the value of sum of all final goods and services that are
produced in the country. If the income from foreign sources is added to it, it
becomes Gross National Product.
4. The Union Cabinet
approved the increase in the target for the Pradhan Mantri Ujjwala Yojana,
meant to provide LPG connections to rural women, to ________ from the earlier 5
crore, adding that this has to be achieved by 2020.
a) 8 crore
b) 7 crore
c) 6 crore
d) 9 crore
e) 10 crore
Answer: A)
Explanation: The Union
Cabinet took a slew of decisions across sectors. The Cabinet also approved the
increase in the target for the Pradhan Mantri Ujjwala Yojana, meant to provide
LPG connections to rural women, to eight crore from the earlier five crore,
adding that this has to be achieved by 2020. It also approved an additional
allocation for the scheme of ₹4,800 crore.
5. In which country is
the NASDAQ Stock Market headquartered?
a) UK
b) South
Africa
c) Australia
d) New
Zealand
e) USA
Answer: E)
Explanation: NASDAQ is
an American stock exchange headquartered in New York, USA. It was founded on
February 4, 1971. It is the second-largest exchange in the world by market
capitalization, behind only the New York Stock Exchange. The exchange platform
is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic (formerly known as
OMX) and Nasdaq Baltic stock market network and several other US stock and
options exchanges.
6. Pick the odd one
out from the following
a) Promissory
note
b) Rupee
note
c) Commercial
Paper
d) Govt.
Bond
e) Credit
Note
Answer: B)
Explanation: Except
Rupee not, all the other are instruments for making debit-credit transactions.
They do not have a fixed value. Rupee note has a fixed value and is used to
make monetary transactions.
7. Fitch is a
a) Stock
Exchange of South Korea
b) Credit
Rating Agency
c) Commercial
Bank of USA
d) Economic
Regulator of Netherlands
e) None of
the above
Answer: B)
Explanation: Fitch
Ratings Inc. is one of the "Big Three credit rating agencies", the
other two being Moody's and Standard & Poor's.
8. In which of the
following cities, IRDA headquarters are located?
a) Mumbai
b) New
Delhi
c) Hyderabad
d) Kolkata
e) Chennai
Answer: C)
Explanation: The
Insurance Regulatory and Development Authority of India (IRDAI) is an
autonomous, statutory agency tasked with regulating and promoting the insurance
and re-insurance industries in India. The agency's headquarters are in Hyderabad,
Telangana, where it moved from Delhi in 2001.
9. The World Happiness
Report is released by which organisation?
a) United
Nation Development Programme
b) International
Labour Organization
c) World
Economic Forum
d) United
Nations Sustainable Development Solutions Network
e) United
Nations Population Division
Answer: D)
Explanation: Finland
has overtaken Norway to become the happiest nation on earth, according to the
UN's 2018 World Happiness Report. Burundi in East Africa is the unhappiest
place in the world. For the first time, the UN also examined the happiness
levels of immigrants in each country. The World Happiness Report is an annual
publication from the UN Sustainable Development Solutions Network.
10. Which of the
following encourages and mobilizes savings of small investors?
a) SIDBI
b) UTI
c) RRB
d) EXIM
bank
e) NHB
Answer: B)
Explanation: SIDBI
provides assistance to small - scale industrial sector in the country. UTI
(Unit Trust of India) encourages and mobilizes savings of small investors.
Read more: NABARD Agriculture and Rural India MCQ’s
