Programme The Make in India was started on
- A.November 2012
- B.September 2014
- C.January 2014
- D.September 2016
Correct answer
Explanation
The correct answer is B, September 2014. Make in India was launched on 25 September 2014 at Vigyan Bhawan in New Delhi, on the birth anniversary of Deendayal Upadhyaya. Its aim is to turn India into a global manufacturing hub by making it easier to do business, drawing in investment, building skills and protecting intellectual property, and it began with twenty-five sectors from automobiles and textiles to electronics and defence production. Its logo is a striding lion made of gears, standing for strength and manufacture. Option A is wrong because November 2012 is before this government took office and no such programme existed then. Option C is wrong because January 2014 is also earlier than the launch; it is often confused with Startup India, which came on 16 January 2016. Option D is wrong because September 2016 is two years after the launch. Exam tip: Make in India 25 September 2014, Digital India 1 July 2015, Startup India 16 January 2016.
Practice Questions
View allAccording to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to
- A.improve
- B.diminish
- C.remain constant
- D.first diminish and then improve
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Each extra unit of a good gives a consumer less additional satisfaction than the unit before it, so marginal utility falls as consumption rises.
Read the full explanation →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?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
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The burden of a tax falls more heavily on whichever side of the market is less elastic, the side that cannot easily walk away.
Read the full explanation →UBI, as an alternative for subsidies in poverty alleviation, stands for
- A.Union Basic Income
- B.Undefined Basic Income
- C.Unconditional Basic Income
- D.Universal Basic Income
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UBI is the idea of paying every citizen a fixed sum of money regularly, without conditions, in place of a large number of separate subsidies and welfare schemes.
Read the full explanation →Who among the following is the Chairman of the Fourteenth Finance Commission?
- A.C. Rangarajan
- B.Vijay Kelkar
- C.Y. V. Reddy
- D.Rakesh Mohan
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The Fourteenth Finance Commission, set up in 2013 for the award period 2015-2020, was chaired by Y. V. Reddy, a former Governor of the Reserve Bank of India.
Read the full explanation →Why was constitutional amendment needed for introducing GST?
- A.States were not willing to agree with the Union for introduction of GST without amendment in the Constitution.
- B.GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.
- C.The Empowered Committee of Finance Ministers had recommended for constitutional amendment.
- D.The GST Council had recommended for constitutional amendment so that its power enhances.
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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.
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