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Indian EconomyMediumAsked in: CDS · CDS-I 2021, GK

Which of the following statements about the Pradhan Mantri Gram Sadak Yojana are correct? 1. It is part of Government of India's poverty reduction strategy. 2. It is a centrally sponsored scheme for rural development. 3. It provides connectivity in rural areas. Select the correct answer using the code given below:

  1. A.1, 2 and 3
  2. B.1 and 3 only
  3. C.2 and 3 only
  4. D.1 and 2 only

Correct answer

A. 1, 2 and 3

Explanation

The correct answer is A, 1, 2 and 3. PMGSY is a centrally sponsored rural development scheme, launched as part of the poverty reduction strategy, to give all-weather road connectivity to unconnected villages.

The Pradhan Mantri Gram Sadak Yojana was launched on 25 December 2000 under the Ministry of Rural Development. Its aim is to connect eligible rural habitations by all-weather roads, because a good road brings markets, schools, hospitals and jobs within reach of the rural poor. That is why the government has always described it as part of its poverty reduction strategy. It is implemented by the states with central funding as a centrally sponsored scheme.

B is wrong: it leaves out statement 2, which is also correct.

C is wrong: it leaves out statement 1, which is also correct.

D is wrong: it leaves out statement 3, the very purpose of the scheme.

Exam tip: PMGSY, 25 December 2000, Ministry of Rural Development, all-weather roads to unconnected habitations.

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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.