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Indian EconomyHardAsked in: NDA · NDA-II 2017, GAT

Which one of the following was set as a target of average growth of GDP of India over the plan period 2012 - 2017 by the Approach Paper to the Twelfth Five Year Plan?

  1. A.7 percent
  2. B.8 percent
  3. C.9 percent
  4. D.10 percent

Correct answer

C. 9 percent

Explanation

The correct answer is C, 9 percent. The Approach Paper to the Twelfth Five Year Plan, released in 2011, aimed at average GDP growth of 9% a year for 2012–17.

The Twelfth Plan carried the theme "Faster, Sustainable and More Inclusive Growth". The Planning Commission's Approach Paper, approved by the National Development Council in October 2011, set the 9% target, up from the 8.2% achieved in the Eleventh Plan. Because the economy slowed sharply in 2012, the final Plan document approved in December 2012 cut the target to 8%. The Twelfth Plan was the last Five Year Plan, as the Planning Commission was replaced by NITI Aayog on 1 January 2015.

A is wrong: 7% was below even the growth recorded in the Eleventh Plan and was never the target.

B is wrong: 8% was the revised target of the final Plan document, not of the Approach Paper.

D is wrong: 10% was considered as a high-growth scenario but not adopted as the target.

Exam tip: Twelfth Plan: Approach Paper 9%, final document 8%; last plan before NITI Aayog.

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Q1.Indian EconomyMedium

Under the Pradhan Mantri Shram Yogi Maandhan scheme, an eligible unorganised worker receives a monthly pension after the age of sixty of

  1. A.One thousand rupees
  2. B.Two thousand rupees
  3. C.Three thousand rupees
  4. D.Five thousand rupees
Show answer
Correct answer: C. Three thousand rupees

Explanation

The correct answer is C, three thousand rupees. The scheme, launched in 2019, is open to an unorganised worker between eighteen and forty years of age with a monthly income up to fifteen thousand rupees, and gives an assured monthly pension of three thousand rupees after sixty on a matching contribution, the worker and the government each paying half. Option A is wrong because one thousand rupees is the lowest of the slabs under the Atal Pension Yojana, a different scheme. Option B is wrong because two thousand rupees is also an Atal Pension Yojana slab. Option D is wrong because five thousand rupees is the highest Atal Pension Yojana slab, which often misleads candidates who have revised the two schemes together. Both are administered with the pension fund regulator's machinery.

Q2.Indian EconomyHard

Article 43A of the Constitution, which directs the state to secure the participation of workers in the management of undertakings, was added by which amendment?

  1. A.The 24th Amendment, 1971
  2. B.The 42nd Amendment, 1976
  3. C.The 44th Amendment, 1978
  4. D.The 86th Amendment, 2002
Show answer
Correct answer: B. The 42nd Amendment, 1976

Explanation

The correct answer is B, the 42nd Amendment, 1976. It inserted several Directive Principles, among them Article 43A on the participation of workers in the management of industrial undertakings, Article 39A on equal justice and free legal aid, and Article 48A on the protection of the environment. Option A is wrong because the 24th Amendment of 1971 affirmed Parliament's power to amend any part of the Constitution. Option C is wrong because the 44th Amendment of 1978 undid much of the Emergency-era changes and moved the right to property out of the Fundamental Rights. Option D is wrong because the 86th Amendment of 2002 inserted Article 21A on the right to education. Articles 41, 42 and 43 on the right to work, humane conditions and a living wage were in the Constitution from the beginning.

Q3.Indian EconomyHard

Under the Industrial Relations Code, 2020, the employer's contribution to the Worker Re-skilling Fund for a retrenched worker is

  1. A.Fifteen days' wages last drawn by the worker
  2. B.One month's wages last drawn by the worker
  3. C.Three months' wages last drawn by the worker
  4. D.A flat sum fixed by the Central Government every year
Show answer
Correct answer: A. Fifteen days' wages last drawn by the worker

Explanation

The correct answer is A, fifteen days' wages last drawn. The code sets up a Worker Re-skilling Fund to which the employer contributes fifteen days' wages for every retrenched worker, and the amount is to be credited to that worker's account within forty-five days of retrenchment so that it can be used while finding new work. Option B is wrong because one month's wages is the pay in lieu of notice that may become due on retrenchment, a separate payment. Option C is wrong because three months' wages matches no provision of the code. Option D is wrong because the contribution is measured against the worker's own last drawn wages rather than fixed as a flat national sum. This provision is new; the Industrial Disputes Act had no re-skilling fund at all.

Q4.Indian EconomyMedium

How many days' notice must be given before a strike or lock-out under the Industrial Relations Code, 2020?

  1. A.Seven days
  2. B.Fourteen days
  3. C.Thirty days
  4. D.Sixty days
Show answer
Correct answer: B. Fourteen days

Explanation

The correct answer is B, fourteen days. The code extends to all industrial establishments the requirement, earlier limited to public utility services, that no person shall go on strike and no employer declare a lock-out without fourteen days' notice, and the strike must begin within sixty days of that notice. A strike is also barred while conciliation proceedings are pending and for a period after proceedings before a tribunal. Option A is wrong because seven days relates to the period after the conclusion of conciliation proceedings, not to the notice itself. Option C is wrong because thirty days appears in other labour provisions such as notice of retrenchment, not here. Option D is wrong because sixty days is the outer limit within which the strike must start and the bar that follows tribunal proceedings.

Q5.Indian EconomyHard

Under the Occupational Safety, Health and Working Conditions Code, 2020, an establishment is a factory if it employs at least

  1. A.Ten workers with power and twenty without power
  2. B.Twenty workers with power and forty without power
  3. C.Thirty workers with power and sixty without power
  4. D.Fifty workers, whether or not power is used
Show answer
Correct answer: B. Twenty workers with power and forty without power

Explanation

The correct answer is B, twenty workers with power and forty without power. The code doubles the thresholds of the Factories Act, 1948, the argument being that small units were burdened with compliance meant for larger ones, while the criticism is that many workers now fall outside the factory provisions. Option A is wrong because ten and twenty were the figures under the Factories Act, 1948, and that is the trap in this question. Option C is wrong because thirty and sixty appear nowhere in the code. Option D is wrong because the definition of a factory still turns on whether a manufacturing process uses power; fifty is the threshold for the contract labour provisions instead. The same code also requires an appointment letter for every worker.