ECONOMY

1. The Planning Commission issued the draft outline of the First Five Year Plan for the period – April 1951 to March 1956.

2. The First Five Year Plan had given priority in – Irrigation and Agriculture

3. In which Five Year Plan was the Border Area Development Programme (BADP) introduced? Seventh five year plan

4. The Union Cabinet on October 4, 2012, granted approval for increase of foreign direct investment (FDI) limit in the insurance sector from the present 26 per cent to – 49 per cent

5. Furniture major IKEA, which proposed to invest Rs.10,500 crore to set up stores in India, has got Department of Industrial policy and Promotion nod and its application is now with Foreign Investment Promotion Board. Furniture major IKEA, belongs to the country – Sweden

6. Headquarter of International Organisation of Securities Commission (IOSCO) is situates in - Madrid, Spain

7. The National Rural Health Mission (2005-12) is an articulation of the commitment of the Government to raise public spending on Health from 0.9 per cent of GDP to - 2-3 per cent of GDP.

8. Of their total annual expenditure, hospitalized Indians spend on an average – 58 per cent.

9. The Union Government to October 2012 approved a package for development of backward regions in Bihar, Odisha, Uttar Pradesh and Madhya Pradesh. The package is of Rs.3,150 crore   

10. The Reserve Bank of India (RBI) was established on April 1, 1995 and it was nationalised on - January 1, 1949 

11. Union government contribution to public health expenditure is – 15 per cent

12. The National Rural Health Mission (2005-12) seeks to provide effective healthcare to rural population throughout the country with special focus on – 18 states

13. The IKEA Group which manufactures and sells home and office furnishing products, proposes to invest in single – brand retail trading in India through a – 100 per cent subsidiary

14. GAAR (General Anti – Avoidance Rules), which was proposed in 2012 – 13  - Preventing tax evasion

15. Under the Backward Regions Grant Fund (BRGF) which was approved by the Cabinet Committee on Economic Affairs (CCEA) recently, what amount will be provided to Bihar as Special Plan Assistance? – Rs.1,500 crore

16. The Backward Region Grant Fund (BRGF), which aims to catalyse development an backward areas, was approved by the Cabinet Committee on Economic Affairs (CCEA) in - August, 2006

17. A government committee has favoured complete decontrol of the sugar industry, dispensing immediately with the levy sugar obligation and administrative control on non levy sugar. The committee was led by – C.Rangarajan

18. India contributes what per cent to the global sugar output? – 17 per cent

19. The Union Cabinet on October 4, 2012 approved the XII Plan (2012-17) document aimed at achieving annual average economic growth rate of – 8.2 per cent

20. The high-level, committee on financing of infrastructure pitched for 100 per cent foreign direct investment (FDI) in the telecom sector. The limit at present is – 74 per cent

21. The high level committee on Financing of infrastructure was recently constituted by the Union government which is headed by – HDFC Chairman Deepak Parekh

Questions

1. Match the following:
Biosphere Reserve State
A. Dibru Saikhowa 1. Arunachal Pradesh
B. Nokrek 2. Sikkim
C. Dehong Debang 3. Assam
D. Kanchanjanga 4. Meghalaya
Code:
A B C D
(a) 3 2 1 4
(b) 3 4 1 2
(c) 2 3 1 4
(d) 1 4 3 2

2. David Richardson has been chosen by the International Cricket Council (ICC) as its new Chief Executive. To which country does he belong?
(a) Australia
(b) New Zealand
(c) West Indies
(d) South Africa

3. Former President of which of the following countries has been sentenced for 50 years in Jail in case related to 'Blood Diamond'.
(a) Sierra Leone
(b) Liberia
(c) Niger
(d) Somalia

4. According to data released by Ministry of Statistics and Plan Implementation, which state showed highest economic growth in the country.
(a) Gujarat
(b) Himachal Pradesh
(c) Bihar
(d) Maharashtra

5. Consider the following statements regarding Shanghai Cooperation Organization (SCO) summit 2012 and choose the correct option:
1. SCO summit 2012 was held in Beijing.
2. Four observer countries of SCO : India, Pakistan, Iran and Mongolia attended the summit.
3. SCO decided to grant Afghanistan Observer Status.
4. Kyrgyzstan will host the 2013 summit of SCO.
Code:
(a) 1, 2 and 3 (b) 1, 3 and 4
(c) 2, 3 and 4 (d) 1, 2, 3 and 4