Question Discussion & Solution

The correct answer is Option 4.

• POLICIES AND PROGRAMMES TOWARDS POVERTY ALLEVIATION
  • ​The government’s approach to poverty reduction was of three dimensions.
    • Growth-oriented approach
      • ​It is based on the expectation that the effects of economic growth — rapid increase in gross domestic product and per capita income — would spread to all sections of society and will trickle down to the poor sections also.
      • Rapid industrial development and transformation of agriculture through a green revolution in select regions would benefit the underdeveloped regions and the more backward sections of the community. 
    • Poverty alleviation programs
      • Expanding self-employment programs and wage employment programs are being considered as the major ways of addressing poverty.
      • For example - Rural Employment Generation Programme (REGP), Prime Minister’s Rozgar Yojana (PMRY), and Swarna Jayanti Shahari Rozgar Yojana (SJSRY), Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA).
    • Providing minimum basic amenities to the people
      • ​India was among the pioneers in the world to envisage that through public expenditure on social consumption needs — provision of food grains at subsidized rates, education, health, water supply, and sanitation—people’s living standards could be improved.
      • Three major programs that aim at improving the food and nutritional status of the poor are the Public Distribution System, Integrated Child Development Scheme, and Midday Meal Scheme.
      • Pradhan Mantri Gram Sadak Yojana and Valmiki Ambedkar Awas Yojana are also attempted in developing infrastructure and housing conditions.
      • Pradhan Mantri Jan-Dhan Yojana is available in which people in India are encouraged to open bank accounts.

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 7 April 2013.

• Mukhyamantri Nishulk Jaanch Yojna (MNJY) was launched on 7 April 2013.

Key Points

Mukhyamantri Nishulk Jaanch Yojna (MNJY):

Additional Information

• Mukhyamantri Nishulk Jaanch Yojna (MNJY):
  • This scheme is not only to make the tests available free of cost but through this scheme, strengthening of the medical services has been done at all the state hospitals of Rajasthan.
  • The main aim of the scheme is to strengthen the existing laboratories and other diagnostic facilities in all public health institutions.
  • The scheme has been implemented uniformly across all districts of the State.
  • The benefits of the scheme have been extended to the entire population of 7 Crore.

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.