According to the Vice-President, how many Jan Dhan accounts had been opened as of August 2026?
- A.More than 390 million
- B.More than 450 million
- C.More than 520 million
- D.More than 590 million
Correct answer
D. More than 590 million
Explanation
The correct answer is more than 590 million. The inaugural address used this figure to show how far financial inclusion has spread, crediting the JAM trinity, Direct Benefit Transfer and the Goods and Services Tax with widening access, improving transparency and formalising the economy. In the same passage the Vice-President said GST registrations climbed from about 6.65 million in 2017 to 16.5 million in May 2026. The other three options are smaller counts that do not match the figure cited for August 2026, so each is wrong. Remember the comparison the speech drew: resilience is built not only in boardrooms and financial markets but also when a village woman holds an account, draws her benefits directly and turns a Self-Help Group into an enterprise.
Read the full article: Vice-President Opens 5th Kautilya Economic Conclave in Delhi
Practice Questions
What was the theme of the 5th Kautilya Economic Conclave held in New Delhi?
- A.Reform, Perform, Transform
- B.Resilience in an Age of Flux
- C.Growth with Green Transition
- D.One Earth, One Economy
Show answer
Correct answer: B. Resilience in an Age of Flux
Explanation
The correct answer is Resilience in an Age of Flux. The conclave was organised on that theme by the Institute of Economic Growth, and the Vice-President used it to argue that economic resilience cannot be separated from social resilience, that inclusion is the foundation of resilience, and that no citizen, enterprise or region should be left behind. Option A names a governance slogan, not this theme. Option C points to a climate and energy framing that the inaugural address did not adopt as the title of the event. Option D is a global-commons style phrase used in other forums. Only the second option matches the theme under which policymakers, economists, academics and business leaders met in New Delhi on 3 October 2026, so it is the answer.
Which institution organises the Kautilya Economic Conclave, and in which year was it established?
- A.Institute of Economic Growth, established in 1952
- B.Indian Council for Research on International Economic Relations, established in 1981
- C.National Council of Applied Economic Research, established in 1956
- D.Institute of Economic Growth, established in 1964
Show answer
Correct answer: A. Institute of Economic Growth, established in 1952
Explanation
The correct answer is the Institute of Economic Growth, established in 1952. The Vice-President recalled that the institute was set up that year under Professor V. K. R. V. Rao and has stayed close to India’s development journey ever since; it hosts this conclave. Option D names the right institution but the wrong year of establishment, which is the usual trap in such questions. Options B and C name other well-known economic research bodies that did not organise this event, so they are wrong whatever founding year is attached to them. Students should remember the pairing of the institute with its founder and with the conclave, and also that its Board of Trustees is headed by N. K. Singh while Dr. Michael Debabrata Patra chairs its Board of Governors.
How many Lakhpati Didis did the Vice-President say had emerged in India?
- A.More than 14.6 million
- B.More than 24.6 million
- C.More than 34.6 million
- D.More than 44.6 million
Show answer
Correct answer: C. More than 34.6 million
Explanation
The correct answer is more than 34.6 million. The Vice-President placed that figure beside two others to show how women’s economic participation has grown: around 9.2 million Self-Help Groups, covering more than 100 million rural women, and more than 250 million Indians lifted out of extreme poverty. He argued that inclusion must go past enrolment in the formal economy and must let people create value, earn income and set up enterprises, describing the change as a move from women’s empowerment to women-led development. The other three options alter the count and so do not match what the address stated, which makes each of them wrong. Candidates should store this figure with the Self-Help Group numbers, since questions often pair them.
Which of the following did the Indian minister seek at the G20 Trade Ministers Meeting?
- A.Abolition of special and differential treatment for developing countries
- B.Restoration of the two-tier dispute settlement system at the WTO
- C.Replacement of the Most-Favoured-Nation principle with bilateral preference
- D.A new monitoring mechanism for G20 members on labour standards
Show answer
Correct answer: B. Restoration of the two-tier dispute settlement system at the WTO
Explanation
The correct answer is the restoration of the two-tier dispute settlement system at the WTO. Speaking on updating the Most-Favoured-Nation principle, the minister said India trade with G20 members rests on a transparent, non-discriminatory and rules-based system, that this treatment guarantees the same terms to the smallest and the largest trader, and that consensus remains central to the organisation. Option A is the opposite of what he urged, since he asked that special and differential treatment be preserved so that developing countries can catch up with developed economies. Option C is also inverted: he defended the Most-Favoured-Nation rule rather than seeking to replace it. Option D contradicts his position on cooperation over forced labour, which he supported only so long as it does not involve monitoring of members, create fresh obligations, or let information become the basis for unilateral trade action.
Which Article of the Constitution of India, cited by the minister at the G20 meeting, prohibits forced labour as a fundamental right?
- A.Article 19
- B.Article 21
- C.Article 23
- D.Article 32
Show answer
Correct answer: C. Article 23
Explanation
The correct answer is Article 23. Speaking on ending forced labour in global supply chains, the minister said India commitment to eliminating forced labour is absolute and unconditional, and that the Constitution forbids forced labour as a fundamental right enforceable by the Supreme Court. Option A, Article 19, carries the freedoms of speech, assembly, association, movement, residence and profession, not this prohibition. Option B, Article 21, protects life and personal liberty. Option D, Article 32, is the right to move the Supreme Court for enforcement of fundamental rights, which is the route by which the prohibition is enforced rather than the prohibition itself, and that proximity makes it the strongest distractor. Alongside the Article, remember the two international instruments the minister named, the forced labour conventions of the International Labour Organization numbered twenty-nine and one hundred and five, both ratified by India.