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Economics Miscellaneous (Part – I)

📆 October 23, 2024

Total Questions: 50

21. What is the meaning of 'Athavana'? [Jharkhand P.C.S. (Pre) 2003]

Correct Answer: (a) Revenue department
Solution:In the Vijayanagar administration, Athavana was the Department of Revenue. The prosperity of the Vijayanagar empire was due to the growth of agriculture, industries, trade and commerce. The State followed a wise irrigation policy. Industries were also encouraged by the State. Commerce was inland, coastal and overseas.

22. "TRAI' is a regulatory body associated with which of the following sectors? [U.P.R.O./A.R.O. (Pre) 2017]

Correct Answer: (d) Telecom
Solution:The Telecom Regulatory Authority of India (TRAI) was established with effect from 20 February, 1997 by an Act of Parliament (TRAI Act, 1997), to regulate telecom services, including fixation/revision of tariffs for telecom services which were earlier vested in the Central Government. TRAI'S mission is to create and nurture conditions for growth of telecommunications in the country in a manner and at a pace which will enable India to play a leading role in emerging global information society. One of the main objectives of TRAI is to provide a fair and transparent policy environment which promotes a level playing field and facilitates fair competition.

23. Which of the following statements are true about Telecom Regulatory Authority of India (TRAI)? [Jharkhand P.C.S. (Pre) 2023]

I. It was first established in 1997.

II.. It is a statutory body.

III. It was established to regulate telecom services, including fixation/revising tariffs.

IV. Its headquarters is located in Mumbai.

Select the correct answer:

Correct Answer: (b) Only I, II and III
Solution:TRAI's headquarters is located in New Delhi. Other three statements are correct.

I. It was first established in 1997.

II.. It is a statutory body.

III. It was established to regulate telecom services, including fixation/revising tariffs.

IV. Its headquarters is located in Mumbai.

Select the correct answer:

24. Consider the following statements: [I.A.S. (Pre) 2005]

1. The number of post offices in India is in excess of 1.5 lakh.bl

2. Bharat Sanchar Nigam Limited (BSNL) was formed in the year 1997.

3. Telecom Regulatory Authority of India (TRAI) was established in the year 2000.

Which of the statements given above is/are correct?

Correct Answer: (c) I only
Solution:As on 31 March, 2003, the number of post offices in India was 155618. According to the Department of Posts, Ministry of Communications, the number of operational post offices in India is 159225 (including Head Post Offices, Sub Post Offices and Branch Post Offices) as on December, 2022. Hence, Statement 1 is correct. PAN India Telecom Operator BSNL refers to Bharat Sanchar Nigam Limited, it is 100% government owned communication corporation, and it is a public telecommunication service in India launched on 15th September, 2000 and celebrating the formation day by starting the operations from 01.10.2000 having operational headquarters in New Delhi. Hence, Statement 2 is not correct. Telecom Regulatory Authority of India (TRAI) was established in the year 1997. Hence, Statement 3 is also incorrect.

25. 'Project Arrow' is concerned with the modernization of which of the following? [U.P.P.C.S (Pre) 2010]

Correct Answer: (b) Post Offices
Solution:India Post has undertaken a Quality Improvement Project called 'Project Arrow' to transform India Post into a vibrant and responsive organization. This was launched in April, 2008. Project Arrow entails comprehensive improvement of the Core Operations of Post Offices as well as the ambience in which postal transaction undertaken.

26. India is divided into how many PIN zones? [Uttarakhand P.C.S. (Mains) 2006]

Correct Answer: (d) 8
Solution:India has been divided into 9 PIN (Postal Index Number) zones. In which 8 PIN zones are related to States/Union Territories of India and 9th for the Army Post Office and Field Post Office. On the basis of States/UTs PIN Zones, the correct answer is option (d).

27. Project ARROW is related with: [U.P.P.C.S. (Mains) 2009]

Correct Answer: (d) giving a new identity to post offices
Solution:India has been divided into 9 PIN (Postal Index Number) zones. In which 8 PIN zones are related to States/Union Territories of India and 9th for the Army Post Office and Field Post Office. On the basis of States/UTs PIN Zones, the correct answer is option (d).

28. Which bank has been presented with the 'Asian Banking Award 2001' for operational efficiency in treasury operations: [U.P.P.C.S. (Pre) 2002]

Correct Answer: (a) Industrial Development Bank of India
Solution:Industrial Development Bank of India (IDBI) was awarded the 'Asian Banking Award 2001' for operational efficiency in treasury operations

29. In which State, India's largest NaphthaCracker Plant was inaugurated by Union Petroleum Minister in February, 2011? [U.P.P.C.S. (Mains) 2011]

Correct Answer: (a) Andhra Pradesh
Solution:Union Petroleum and Natural Gas Minister in February, 2011 inaugurated India's largest Naphtha Cracker Plant at Indian Oil Corporation's (IOC) Panipat Complex, Haryana.

30. How much is one barrel of oil approximately? [I.A.S. (Pre) 2008]

Correct Answer: (b) 159 litres
Solution:A barrel of oil is approximately equal to 158.9873 litre (or 42 American gallons).
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