Question Discussion & Solution

The correct answer is Residential hostel.

• Under the Rajasthan Ambedkar DBT Voucher Yojana, Students will be provided facility of residential hostels.

Key Points

• Ambedkar DBT Voucher Scheme
  • Under this scheme, the state government will provide vouchers for residential facilities to the students studying in various reserved categories of colleges of Rajasthan to stay away from their homes in urban areas. 
  • Chief Minister Ashok Gehlot has approved the proposal to implement Ambedkar DBT Voucher Scheme for SC, ST, OBC, MBC, and EWS students.
  • Under the scheme, the beneficiary students will be given Rs. 7 thousand per month for the residential facility at the divisional headquarters and Rs. 5 thousand per month for other district headquarters.
  • Under this scheme, 5000 students will be provided vouchers on a merit basis for 10 months.
  • Only those students will be able to take advantage of Rajasthan Ambedkar DBT Voucher Yojana, who live in urban areas away from their homes to get an education.

The correct answer is Option 4.

Key Points

• The new industrial policy, announced by the government on 23 July 1991 had initiated a bigger process of economic reforms in the country, seriously
  motivated towards the structural readjustment naturally obliged to ‘fulfil’ IMF conditions.
• The major highlights of the policy are as follows:
  • De-reservation of the Industries. Hence, statement 1 is correct.
  • De-licencing of the Industries. Hence, statement 3 is correct.
    • There are only five industries that carry the burden of compulsory licensing-
      • Aerospace and defence-related electronics
      • Gun powder, industrial explosives, and detonating fuse
      • Dangerous chemicals
      • Tobacco, cigarette and related products
      • Alcoholic drinks
  • Abolition of the monopolistic and restrictive trade practices (MRTP) Limit. Hence, statement 2 is correct.
  • Promotion to Foreign Investment.
  • Foreign Exchange Regulation Act (FERA) Replaced by the Foreign Exchange Management Act (FEMA). Hence, statement 4 is incorrect.

The correct answer is Minimum reserve system.

Key Points

India Currency System:

• In terms of section 22 of the reserve bank of india act, the RBI has been given the statutory function of notes issue on a monopoly basis.
• The note issue in india was originally based upon the " Proportional Reserve System ".
• When it becomes difficult to maintain the re-serve proportionately.
• It was replaced by " Minimum Reserve Systems ".

• According to the RBI amendment act of 1957, the bank should now maintain a minimum reserve of Rs.200 crore worth of gold coins.
• The gold bullion and foreign securities of which the value of gold coin and bullion should be not less than Rs.115 crore. 

The correct answer is 2011-12.

Key Points

• The Index of Industrial Production (IIP)
  • It is a short-term macroeconomic indicator widely used in measuring the industrial growth of the State.
  • The index indicates the relative change over time in the volume of production in the industrial sector and it is an effective tool to measure the trend of current industrial production.
  • Presently IIP is constructed based on the base year 2011-12. Hence, Option 3 is correct.
  • The Directorate of Economics and Statistics, Department of Planning, Rajasthan has been compiling/releasing an index of industrial production for the Rajasthan State since 1971 as per the guidelines of the Central Statistical Office (CSO), Govt. of India.
  • New base year IIP series based on 156 items/product groups for the manufacturing sector.
  • Shifting of the base year 2011-12 are in process to get monthly Production data from April 2011 onwards for a selected item for selected units in the prescribed format given by C.S.O.
  • Three major sectors in IIP 
    • Manufacturing:- For Manufacturing Sector the Production data is collecting for selected items from selected industrial units through district statistical officer’s and Now IIP web Portal has been developed for the collection of regular data from districts through an online system.
    • Mining:- Mining sector production data is supplied by the Indian Bureau of Mines, (IBM) Nagpur.
    • Electricity:- Electricity sector generation figures furnished by the Central Electricity Authority New Delhi.

The correct answer is Orphan children.

• Palanhar Yojana of the Rajasthan government is associated with orphan children.

Key Points

• Palanhar Yojana
  • ​This scheme was launched in 2004-05 for the care and up keeping of Orphan children.
  • A person (normally a near relative) taking responsibility for caring and bringing up such a child is called "Palanhar".
  • In this Scheme `500 per month is given for the children of 0-6 years who go to Anganwari and `1,000 per month is given for school going children of age 6-18 years and an annual grant of `2,000/-.

Additional Information

• Mukhya Mantri Hunar Vikas Yojana
  • This scheme is for higher education/skill development programme to beneficiaries of PalanharYojana and children staying in Government and Non-government Institutional Homes.