60days planner – Day 10

Welcome to your 60days planner - Day 10

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1.Consider the following statements with regard to the public expenditure on education in India.



  1. Elementary education takes a major share of total education expenditure.

  2. Public expenditure on education per year is greater than that in Defence sector.


Which of the above statements is/are correct?

2. Consider the following with reference to the unorganised sector in India.



  1. It generates a miniscule part of India’s GDP.

  2. It employs a majority of India’s working population.

  3. It is not regulated by any laws, rules or regulations.


Which of the above statements is/are correct?

3. Consider the following statements with reference to inequality in India.



  1. India has the lowest income inequality among all emerging economies.

  2. Its income inequality is lower than that in all the western developed countries.

  3. Income inequality in India has increased in the last decade.


Which of the above statements is/are correct?

4. Consider the following Statements with reference to Rangarajan Committee on Poverty. The report has which of the following factors in consideration in calculating Poverty in India



  1. Cost of basic Education

  2. Health expenses

  3. Nutrition based expenses


Which of the above statements is/are correct?

5. Consider the following statements



  1. The Reserve Bank of India has asked all public sector banks, some private sector and foreign banks to appoint an internal ombudsman.

  2. The internal ombudsman would be designated Chief Customer Service Officer (CCSO).

  3. RBI has also made it clear that the CCSO should not have worked in the bank in which he/she is appointed as CCSO.


Which of the above statements is/are correct?

6. Consider the following statements related to Bhartiya Mahila Bank



  1. It is the only public sector bank in the country entirely owned by the government

  2. This bank works exclusively for women


Which of the above statements is/are correct?

7. Consider the following statements related to FDI in retail



  1. India allows 100% FDI in single-brand stores but imposed the requirement that the single brand retailer source 30 percent of its goods from India.

  2. Government of India allowed 100% FDI in multi-brand retail in India after approval from individual state


Which of the above statements is/are correct?

8. Consider the following statements about priority sector lending



  1. All banks have to lend at least 40% of their net credit to the priority sector

  2. Foreign banks with less than 20 branches will move to total priority sector target of 40 percent by 2019-20.


Which of the above statements is/are correct?