Indian Economy GK Questions with Answers – Page 39

The World Development Report is the Bank's annual study, each edition devoted to one theme of development such as jobs, water, migration or the use of data, and the Bank also publishes the Global Economic Prospects.

TRIPS is one of the agreements that came out of the Uruguay Round and is administered by the WTO; it lays down minimum standards for patents, copyright, trademarks and geographical indications, and it is enforceable through the WTO dispute settlement system, which is what makes it different from earlier treaties.

It is composed of the trade ministers of all member countries, meets at least once every two years and may take decisions on any matter covered by the WTO agreements; the first conference was held at Singapore in 1996 and the one at Doha in 2001 launched the Doha Development…

The Special Drawing Right, created by the IMF in 1969 as a supplementary reserve asset, takes its value from a basket of five currencies only: the US dollar, the euro, the Chinese renminbi, the Japanese yen and the pound sterling.

The correct answer is C, the IDA, the International Development Association, founded in 1960 to lend to the poorest countries on concessional terms, that is interest free credits and grants with long repayment periods, which is why it is called the soft loan window of the World Bank.

The World Economic Outlook is the IMF's survey of the world economy, carrying growth, inflation and current account projections for its member countries, and the Fund also publishes the Global Financial Stability Report and the Fiscal Monitor.

GATT was signed in 1947 by twenty three countries, India among them, and came into force on 1 January 1948 as a treaty with a small secretariat rather than a full organisation.

The WTO works from Geneva, where the GATT secretariat had been housed before it, and its head carries the title Director-General.

The IMF has its headquarters in Washington DC in the United States, and the World Bank Group stands across the street from it in the same city, which is why both are often described together as the Washington institutions.

In July 1944 delegates of forty four allied nations, including India, met at Bretton Woods in New Hampshire in the United States and agreed to create the International Monetary Fund for monetary cooperation and the International Bank for Reconstruction and Development for reconstruction lending, which is why the two are…

The World Trade Organization came into being on 1 January 1995 as the successor to the General Agreement on Tariffs and Trade, and India, which had been a party to GATT since 1948, became a member of the WTO on that very first day, which makes it a founding member.

The correct answer is B, Ballia in Uttar Pradesh, from where the scheme was launched on 1 May 2016 to give deposit-free liquefied petroleum gas connections to adult women of poor households, so that cooking on firewood and dung cakes, with the smoke it puts into a kitchen, could be…

The scheme, launched in 2016, fixed a uniform maximum premium for the farmer and left the remaining actuarial premium to be shared by the Centre and the State: two per cent of the sum insured for kharif food crops and oilseeds, one and a half per cent for rabi crops…

The scheme offered every household a zero balance savings account with a RuPay debit card, built-in accident insurance, a small overdraft facility after satisfactory operation, and the plumbing for direct benefit transfer of subsidies and pensions.

The National Rural Employment Guarantee Act of 2005, renamed after Mahatma Gandhi in 2009, gives every rural household whose adult members are willing to do unskilled manual work a legal right to 100 days of such work in a financial year, with work to be provided within fifteen days of…

Sukanya Samriddhi was opened in 2015 as part of the Beti Bachao Beti Padhao campaign: a guardian may open an account in the name of a girl child below the age of ten at a post office or a bank, deposit a small sum every year, and draw the maturity…

It places on the State the duty to raise the level of nutrition and the standard of living of its people and to improve public health, and a health assurance scheme such as Ayushman Bharat, which gives a cover of five lakh rupees a family a year for hospital treatment…

The Atal Pension Yojana, launched in 2015 and administered by the Pension Fund Regulatory and Development Authority, is open to a bank account holder between 18 and 40 years of age, who contributes until the age of 60 and then draws a guaranteed monthly pension of between one thousand and…

The Swachh Bharat Mission was launched on 2 October 2014, and its rural wing completed the first phase of toilet building with the declaration of open defecation free villages in 2019.

In 1989 the National Rural Employment Programme of 1980 and the Rural Landless Employment Guarantee Programme of 1983 were brought together into a single wage employment programme named the Jawahar Rozgar Yojana, which was run through the panchayats and remained the main rural employment programme of the early 1990s. Option…