Question Discussion & Solution

The correct answer is 2017.

Key Points

• Madhya Pradesh Industrial Development Corporation Limited(MPIDC) is the Single Window Secretariat for Investment Promotion and Facilitation of the state.
• MPIDC has launched an Integrated New Venture Establishment Portal (INVEST), which is the Single Window Portal for the state. 
• INVEST Portal is being developed for monitoring of entire life cycle of investment projects, right from receipt of the ‘Intention to Invest’ to grounding and completion.
• INVEST is acting as a one-stop solution for any investor wanting to establish & operate a business in the state.
• Now investors would not be required to visit different state department portals, rather they can avail various services/approvals required for setting up their business through INVEST Portal.
• The portal ensures time-bound delivery of facilities and permissions through continuous review/monitoring.
• The development of INVEST Portal started in April 2017.
• Department of Industrial Policy and Investment Promotion, the Government of Madhya Pradesh is responsible for the all-around industrial development of the State.
• The department facilitates the establishment of industries to achieve employment generation and utilization of local resources.
• The department acts as a catalyst to modernize and strengthen industries of the State to make them globally competitive. 
• INVEST Portal, which is being developed by DIP&IP to works as an Investor lifecycle tool, will also cover MSME units

The correct answer is All of the above.

Key Points

• Meaning of Economic Reforms:
  • Economic reforms refer to the fundamental changes that were launched in 1991 with the plan of liberalising the economy and quickening its rate of economic growth.
  • The Narasimha Rao Government, in 1991, started the economic reforms in order to rebuild internal and external faith in the Indian economy.
  • The reforms intended at bringing in larger cooperation of the private sector in the growth method of the Indian economy.
  • Policy changes were proposed with regard to technology up-gradation, industrial licensing, removal of restrictions on the private sector, foreign investments, and foreign trade.
  • The essential features of the economic reforms are – Liberalisation, Privatisation, and Globalisation, commonly known as LPG.
• Need for Economic Reforms
  • Poor performance of the industrial sector. Hence statement 1 is correct.
  • Adverse balance of payments. Hence statement 2 is correct.
  • The rise in the fiscal deficit. Hence statement 3 is correct.
  • Inflation. Hence statement 4 is correct.
  • The Gulf War

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 Dr. Manmohan Singh.

Key Points

• Its duration was from 2007 to 2012, under the leadership of Manmohan Singh. 
• It was prepared by C. Rangarajan.
• Its main theme was “Rapid and more inclusive growth”.
• Assessment
  • India has recorded an average annual economic growth rate of 8%, farm sector grew at an average rate of 3.7% as against the 4% targeted. The industry grew with an annual average growth of 7.2% against the 10% targeted.
• Objectives
  • Rapid and inclusive growth.
  • Empowerment through education and skill development.
  • Reduction of gender inequality.
  • Environmental sustainability.
  • To increase the growth rate in agriculture, industry, and services to 4%,10% and 9% respectively.
  • Provide clean drinking water for all by 2009.

Additional Information

• The Constitution came into force on 26 January 1950. 
• Subsequently, Planning Commis­sion was set up on 15 March 1950 and the plan era started from 1 April 1951 with the launch­ing of the First Five Year Plan (1951-56).
• All Five Year Plans:
   

List of Prime Ministers of India:

The correct answer is Walra.

 Key Points

• Jhum cultivation also called Walra and burn agriculture is a form of crop-growing farming activity.
  • In the North-East states, agriculture is primarily based on Jhum cultivation.
  • It is an agricultural system where a farming community slashes secondary forests on a planned location, burns the slash, and cultivates the land for a limited number of years.
  • The land is then left unused and the farming community moves to the next location to repeat the process till they return back to the starting point.
  • It has frequently been claimed that jhum has led to the loss of valuable natural resources of the region.
  • The practice involves clearing vegetative/forest cover on slopes of hills, drying and burning it before the onset of monsoon, and cropping on it thereafter. 

Additional Information

• The shifting agriculture practiced by the tribes belonging to Dungarpur and Banswara districts in south Rajasthan.
• During May and June, the existing vegetation is cleared by burning.
  • Then grains are shown before the monsoon arrives.
  • Thus cultivating a patch of land for a few years, they move to a new patch of land and the cycle continues.
  • Once the place is left after harvesting, it remains unattended for 10-20 years to have its vegetation back.
  • It is believed that soil fertility is restored during this fallow period.