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Indian EconomyEasyAsked in: UPSC CAPF · CAPF 2020, Paper I

SAUBHAGYA, a Central Government scheme, is related to

  1. A.providing cash money to women giving birth of single female child
  2. B.connecting kitchen of every household with piped cooking gas
  3. C.strengthening and augmenting infrastructure for piped water supply
  4. D.achieving universal household electrification in the country

Correct answer

D. achieving universal household electrification in the country

Explanation

The correct answer is D, achieving universal household electrification in the country. SAUBHAGYA, the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, aimed to give an electricity connection to every household.

The scheme was launched by the Ministry of Power in September 2017 and was carried out mainly through the Rural Electrification Corporation. It gave free connections to poor households identified in the Socio-Economic and Caste Census of 2011, while others paid a small sum in instalments through their bills. Remote homes that could not be reached by the grid received solar power packs with LED lights, a fan and a charging point. It built on the earlier Deen Dayal Upadhyaya Gram Jyoti Yojana, which had taken power lines to villages.

A is wrong because SAUBHAGYA has nothing to do with cash for mothers of girl children. B is wrong because cooking gas for poor homes is the work of the Pradhan Mantri Ujjwala Yojana, which gives LPG connections. C is wrong because piped water supply is the aim of schemes such as Jal Jeevan Mission and AMRUT.

Exam tip: SAUBHAGYA = Sahaj Bijli Har Ghar, 2017, household electricity; Ujjwala = LPG; Jal Jeevan = tap water.

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Q1.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2018, GS Paper IMedium

Consider the following statements : Human capital formation as a concept is better explained in terms of a process which enables

1. individuals of a country to accumulate more capital.

2. increasing the knowledge, skill levels and capacities of the people of the country.

3. accumulation of tangible wealth.

4. accumulation of intangible wealth.

Which of the statements given above is/are correct ?

  1. A.1 and 2
  2. B.2 only
  3. C.2 and 4
  4. D.1, 3 and 4
Show answer
Correct answer: C. 2 and 4

Human capital formation means raising people's knowledge, skills and abilities, which is a form of intangible wealth. Human capital is the stock of education, skill, health and experience that makes people productive.

Q2.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2020, GS Paper IMedium

Consider the following statements :

1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.

2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.

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: D. Neither 1 nor 2

Procurement at MSP is limited, and MSP is a floor price that market prices often exceed. The Government announces MSPs for 22 mandated crops on the recommendation of the Commission for Agricultural Costs and Prices (CACP).

Q3.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2018, GS Paper IMedium

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

  1. A.industrial output fails to keep pace with agricultural output.
  2. B.agricultural output fails to keep pace with industrial output.
  3. C.poverty and unemployment increase.
  4. D.imports grow faster than exports.
Show answer
Correct answer: C. poverty and unemployment increase.

Economic development means better lives for people, so rising income alone is not development if poverty and joblessness are growing.

Q4.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IMedium

Consider the following statements :

1. Coal sector was nationalized by the Government of India under Indira Gandhi.

2. Now, coal blocks are allocated on lottery basis.

3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal production.

Which of the statements given above is/are correct?

  1. A.1 only
  2. B.2 and 3 only
  3. C.3 only
  4. D.1, 2 and 3
Show answer
Correct answer: A. 1 only

The coal industry was nationalised under Indira Gandhi, but coal blocks are not given by lottery and India still imports coal.

Q5.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2025, GS Paper IMedium

Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD) :

I. It provides loans and guarantees to middle income countries.

II. It works single-handedly to help developing countries to reduce poverty.

III. It was established to help Europe rebuild after the World War II.

Which of the statements given above are correct?

  1. A.I and II only
  2. B.II and III only
  3. C.I and III only
  4. D.I, II and III
Show answer
Correct answer: C. I and III only

Statement II is wrong because the IBRD works alongside other World Bank Group institutions and partners, not single-handedly. The IBRD was set up at the Bretton Woods Conference in 1944, together with the IMF.