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Indian EconomyHardAsked in: CDS · CDS-I 2025, GK

"Nirbhaya Fund", a non-lapsable corpus fund, which is to be utilized for the projects specifically designed to improve the safety and security of women is administered by :

  1. A.The Ministry of Women & Child Development
  2. B.The Ministry of Home Affairs
  3. C.The Ministry of Finance
  4. D.The Ministry of Education

Correct answer

C. The Ministry of Finance

Explanation

The correct answer is C, The Ministry of Finance. The Nirbhaya Fund is a non-lapsable corpus administered by the Department of Economic Affairs in the Ministry of Finance.

The fund was announced in the Union Budget of 2013-14 with an initial corpus of 1,000 crore rupees, after the December 2012 Delhi gang-rape case that shocked the country. Because it is non-lapsable, money not spent in one year is carried forward instead of returning to the government. The Finance Ministry holds and releases the money, while the Ministry of Women and Child Development is the nodal ministry that appraises and recommends projects through an empowered committee of officers. One Stop Centres, the 112 emergency response system and Safe City projects are among the schemes it supports.

Option A is wrong because the Women and Child Development Ministry appraises projects but does not administer the fund. Option B is wrong because the Home Ministry only runs some projects paid for from it, such as emergency response and forensic labs. Option D is wrong because the Education Ministry has no role in managing the fund.

Exam tip: Nirbhaya Fund = 2013, administered by the Finance Ministry (DEA), nodal ministry for projects = Women and Child Development.

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Q2.Indian EconomyAsked in: CDS · CDS-I 2018, GKHard

Consider the following statements about impact of tax : 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: C. Both 1 and 2

The burden of a tax falls more heavily on whichever side of the market is less elastic, the side that cannot easily walk away.

Q5.Indian EconomyAsked in: CDS · CDS-II 2017, GKHard

Why was constitutional amendment needed for introducing GST?

  1. A.States were not willing to agree with the Union for introduction of GST without amendment in the Constitution.
  2. B.GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.
  3. C.The Empowered Committee of Finance Ministers had recommended for constitutional amendment.
  4. D.The GST Council had recommended for constitutional amendment so that its power enhances.
Show answer
Correct answer: B. GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.

GST is levied by the Union and the States together on the same supply, and Article 246, which splits taxing powers between them through separate lists, did not allow such a concurrent tax.