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Indian EconomyEasy

The Direct Benefit Transfer scheme of the Government of India was launched on which date?

  1. A.1 January 2013
  2. B.15 August 2014
  3. C.1 April 2015
  4. D.26 January 2016

Correct answer

A. 1 January 2013

Explanation

The correct answer is A, 1 January 2013. Direct Benefit Transfer began on that date in a small group of districts and for a limited number of schemes, and was then extended across the country and to hundreds of central schemes, paying scholarships, pensions, wages and subsidies into the beneficiary's own bank account. Option B is wrong because 15 August 2014 is the date on which the Pradhan Mantri Jan Dhan Yojana was announced from the Red Fort, the account scheme that later carried many of these payments. Option C is wrong because no launch of Direct Benefit Transfer took place in April 2015, although the mission running it was moved that year. Option D is wrong because 2016 is the year of the Aadhaar Act, which gave the system its legal basis, and not of the launch of the scheme.

Read the full article: Subsidies and Direct Benefit Transfer in India: Notes

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Q1.Indian EconomyEasy

In the context of Direct Benefit Transfer, the JAM trinity stands for:

  1. A.Jan Dhan, Aadhaar and Mobile
  2. B.Jan Dhan, Agriculture and Market
  3. C.Jobs, Aadhaar and Money
  4. D.Jan Dhan, Ayushman and MGNREGA
Show answer
Correct answer: A. Jan Dhan, Aadhaar and Mobile

The Economic Survey of 2014-15 used the expression JAM number trinity for these three, because together they make it possible to send money to a poor household without a middleman: the Jan Dhan account receives the payment, the Aadhaar number identifies the beneficiary and removes duplicate names, and the mobile…

Q2.Indian EconomyEasy

The PAHAL scheme of the Government of India is related to the direct transfer of the subsidy on:

  1. A.Fertilisers
  2. B.Domestic LPG
  3. C.Food grains
  4. D.Kerosene for industry
Show answer
Correct answer: B. Domestic LPG

PAHAL, the direct benefit transfer scheme for cooking gas, was begun in fifty-four districts in November 2014 and extended to the whole country from 1 January 2015; the consumer buys the cylinder at the market price and the subsidy is credited to his bank account, and the Give It Up…

Q4.Indian EconomyMedium

Under the National Food Security Act, 2013, a priority household is entitled to how much food grain?

  1. A.Five kilograms per person per month
  2. B.Thirty-five kilograms per person per month
  3. C.Five kilograms per household per month
  4. D.Ten kilograms per household per month
Show answer
Correct answer: A. Five kilograms per person per month

The Act divides the covered population into priority households, who receive five kilograms of grain for each member every month, and Antyodaya Anna Yojana households, which are the poorest and receive thirty-five kilograms for the whole household every month.

Q5.Indian EconomyHard

The Nutrient Based Subsidy scheme introduced in 2010 applies to which fertilisers?

  1. A.Urea only
  2. B.Phosphatic and potassic fertilisers
  3. C.All chemical fertilisers
  4. D.Organic manures
Show answer
Correct answer: B. Phosphatic and potassic fertilisers

Under this scheme a fixed subsidy is announced for each nutrient contained in a phosphatic or potassic fertiliser, and the manufacturer is free to fix the selling price, the aim being to encourage a balanced use of nutrients in the soil.