Question Discussion & Solution

The correct answer is Rs 10 Lakh.

• Cashless insurance of up to Rs 10 lakh for all families has been proposed under the Chief Minister Chiranjeevi Health Insurance Scheme.

Key Points

• Rajasthan government began cashless insurance of up to Rs 10 lakh under a universal health scheme for all families of Rajasthan.
  • It started on 1 May 2021 under the Chief Minister Chiranjeevi Health Insurance Scheme.
  • This scheme was announced during State Budget 2021-22. 
  • Salient features
    • Free insurance to all families under BPL, NFSA, and SECC categories.
    • Those families covered under Ayushman Bharat Mahatma Gandhi Rajasthan Swasthya Bima Yojana, along with contractual workers and small and marginal farmers, can also avail of this scheme for free.
    • Families not included in these categories will also be eligible for the benefits, although they have to pay 50 percent of the premium, which will come to around Rs 850 annually.

Confusion Points

• In 2021, a health cover of up to 5 lakh was proposed under this scheme.
• In Feb 2022, Rajasthan CM Ashok Gehlot has announced an increase in health cover from Rs 5 lakh to Rs 10 lakh per family in a year under the state government’s ambitious Chiranjeevi Health Insurance Scheme launched in 2021.

Additional Information

• Besides major diseases, the scheme will also include Covid-19 care and hemodialysis for the poor.
• The scheme is budgeted around Rs 3,500 crore.
• Once implemented, Rajasthan will become the first State in India to provide Universal Health Coverage for its citizens.

The correct answer is Kota.

Key Points

• Takli irrigation cum drinking water supply project is on river Takli.
• It is a tributary of Ajmer River as well as Kalisindh River.
• The dam site is located near village Dhankya in the Kota district.
• The project would provide an irrigation facility in an area of 7,386 hectares.
• It provides a drinking water facility to 4 villages and 2 towns of Ramganjmandi Tehsil, Kota district.
• The estimated cost of the project is Rs. 51.81 crores.

The correct answer is Revenue and Forest Department.

• Revenue and Forest Department will be the nodal agency in the Ghar-Ghar Aushadhi Yojana.

Key Points

• Ghar-Ghar Aushadhi Yojana:
  • The scheme aims for medicinal plant distribution by the district administration.
  • It was launched on 29 June 2021.
  • Under this, nurseries of medicinal plants like Tulsi, Giloy, Ashwagandha, etc. will be developed.
  • The plants will be made available to the interested persons.
  • The Forest Department will be the nodal department of the scheme.
  • For the implementation of the scheme, a district-level task force will be constituted under the chairmanship of the District Collector.
  • Whereas, a monitoring committee will be constituted at the Rajasthan state level under the chairmanship of the Chief Secretary.
    • This committee will review the plan every third month.

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 Inflation.

Key Points

• Inflation:
  • ​Inflation is an increase in the level of prices of the goods and services that households buy.
  • It is measured as the rate of change of those prices.
  • The well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households.
  • Inflation refers to the increase in the prices of the goods and services of daily use, such as food, housing, clothing, transport, recreation, consumer staples, etc.
  • Inflation is calculated in India by the Ministry of Statistics and Program Implementation.

Additional Information

• Deflation: 
  • ​It is also called negative inflation.
  • During a deflationary period, prices fall in the same way as they arise in the case of inflation: continuously and in a generalized manner.
• Stagflation:
  • ​Stagflation is the extreme economic situation, a peculiar combination of stagnant growth and rising inflation leading to high unemployment.
  • Causes of Stagflation:
    • ​Government expansion of the money supply.
    • Decreasing level of Productivity.
    • Supply-side shock.
    • Increasing structural Unemployment.
    • Central bank raising Interest rates.
    • A sudden increase in oil prices.
  • Hyperinflation:​
    • It is the situation when the price of goods and services rises uncontrollably over a definite time period.
    • It is also called Rapid Inflation.