General Studies Questions & Answers | Economy FAQs

Q: Which plan is meant for constructing houses for the rural people? [HP PSC 2012]
Ans: Indira Awaas Yojana
Explanation: Indira Awaas Yojana is a social welfare programme to provide housing for the rural poors in India.

Q: The largest share of Gross Domestic Product (GDP) in India comes from? [UP PSC 2012]
Ans: Services Sector
Explanation: Largest share of GDP comes from services sector and it is more than 50%.

Q: The present foreign trade policy of India will continue till? [IBPS CWE 2012]
Ans: March, 2014
Explanation: The tenure of present foreign trade policy is from August 27, 2009 to March 31, 2014.

Q: The main objective of Rajeev Awaas Yojana (RAY) is? [RAS/RTS 2012]
Ans: Slum-free India
Explanation: The RAY was launched on June 2, 2011 with the aims of removing the slums from the urban areas and to provide the shelter homes to the poors.

Q: What is the maximum deposit amount insured by DICGC? [IBPS CWE 2012]
Ans: 100000
Explanation: DICGC stands for ‘Deposit Insurance and Credit Guarantee Corporation’ of India. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by DICGC. Each depositor in a bank is insured up to a maximum of ? 100000.

Q: Tendulkar Committee has estimated that in India the population Below Poverty Line (BPL) is [UP PSC 2012]
Ans: 37.2%
Explanation: Tendulkar Committee estimates that there is 37.2% incidence of poverty

Q: ‘Swabhiman Scheme’ launched in India is associated with? [UP PSC 2012]
Ans: Rural Banking
Explanation: Swabhiman Scheme is a scheme for financial inclusion related to rural banking.