Question Discussion & Solution

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 Issue Department of the RBI:

• The Issue Department is concerned with the proper and efficient management of the note issue.
• For the conduct of monetary transactions, the country has been divided into 14 circles of issue, each having an Office of Issue — the branch of the Issue Department.
• Each branch of the Issue Department consists of: (i) the General Department and (ii) the Cash Department, controlled by the currency officer.
  • The General Department deals with resource operations, i.e., arrangement of supply of notes and coins from the presses and Government Mints.
  • The Cash Department deals with cash transactions.
• ​The RBI Offices, where Issue Department is functioning, offer the facility to members of the public to exchange their notes including soiled and mutilated notes and coins including uncurrent or worn-out coins.
• The Bank is committed to providing exchange facilities free of cost at its counters during business hours.
• The Issue Department of the RBI maintains a Minimum Reserve System against the printing of notes.
• Under the Minimum Reserve System, the RBI has to maintain a minimum reserve of Rs. 200 crores, Rs. 115 crores should be in the form of gold coins and the rest in the form of foreign currencies.
• After maintaining the minimum reserve, the RBI can print any number of currency notes as per the requirement of the economy, except one rupee note.
• Since the one rupee note is issued by the Ministry of Finance but is distributed by the RBI through commercial banks. 

Therefore, the Issue Department of the RBI maintains a Minimum Reserve System against the printing of notes.

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 Mycem Cement Factory - Katani.

Key Points

• Mycem Cement Factory is situated in Damoh.
  • It was established in 2013.
  • It is a subsidiary of Heidelberg cement of Germany.
• National Newsprint and Paper Mill are situated in Nepanagar, Burahnpur, Madhya Pradesh.
  • It was established in 1948.
  • It is India's first newspaper printing mill.
• Security Paper Mill is situated in Hoshangabad.
  • It was established in 1968.
  • Stamp paper, postal tickets, and currency notepaper are manufactured here.
  • It is under the control of the Ministry of Finance, Government of India.
• Tissue Paper Mill is situated in Indore.
• Kaimur factory is situated in Katani.
  • It was established in 1923.
  • This factory is operated under ACC cement company.

The correct answer is 2 only.

Key Points

• Indian Agriculture:
  • ​The share of agriculture in the gross domestic product (GDP) has reached almost 20 per cent for the first time in the last 17 years, making it the sole bright spot in GDP performance during 2020-21, according to the Economic Survey 2020-2021.​ Hence statement 1 is not correct.
  • The resilience of the farming community in the face of adversities made agriculture the only sector to have clocked a positive growth of 3.4 per cent at constant prices in 2020-21 when other sectors slid.
  • The share of agriculture in GDP increased to 19.9 per cent in 2020-21 from 17.8 per cent in 2019-20. The last time the contribution of the agriculture sector in GDP was at 20 per cent was in 2003-04.
• Dependence on monsoon:
  • Reliance on seasonal rainfall hampers productivity. Additionally, change in climatic conditions and erratic weather patterns such as cyclones and droughts can impact the yields of agricultural crops.
  • The growth of India’s agriculture sector has been dependent on monsoons, and as a result, it has been volatile. Hence statement 1 is correct.
  • The government is now encouraging micro-irrigation to improve water usage/efficiency.
• Government initiatives:
  • Improve soil fertility on a sustainable basis through the soil health card scheme.
  • Provide improved access to irrigation and enhanced water efficiency through Pradhan Mantri Krishi Sinchai Yojana (PMKSY).
  • Support organic farming through Paramparagat Krishi VikasYojana (PKVY).
  • Creation of a unified national agriculture market to boost the income of farmers.
  • To mitigate risk in the agriculture sector, “Pradhan Mantri Fasal BimaYojana (PMFBY) has been launched for implementation from Kharif 2016.