1. A savings fund in which both, the employer and the employee contribute regularly in the interest of the employee is known as ?

Index Fund

Mutual Fund

Provident Fund

Balanced Fund

Answer: Provident Fund

Explanation:

The EPF is one of the main platforms of savings for all employees working in Government, Public or Private sector Organizations. It is a type of scheme in which a certain part of one’s salary is deducted and the employer also adds a certain amount into it and then the complete amount is put into a savings account.


2. The minimum support price protects farmers against which of the following ?

Crop failure due to unexpected diseases or insect infections

The high rate of interest from the local currency lenders

Extreme drought, flood or any other natural disaster

Excess fall in prices during bumper production

Answer: Excess fall in prices during bumper production

Explanation:

MSP provides a guarantee to the farmer that their production will be sold at least at the price which is pre-decided by the government. So, during the condition of bumper production farmers have a security that price will not fall.


3. Identify the INCORRECT statement about Public Distribution System (PDS) in India. ?

From 1997, PDS became TPDS for targeted consumers.

PDS was envisaged in 1967 as a price support programme to help consumers.

Those living below poverty line get food grains at subsidised prices

PDS has been abandoned in the country since 2007.

Answer: PDS has been abandoned in the country since 2007.

Explanation:

Public distribution system is a government-sponsored chain of shops entrusted with the work of distributing the basic food and non-food commodities to the needy sections of the society at very cheap prices.


4. The Raleigh Commission (1902) was appointed to recommend reforms in ?

the education system

draught management

the judicial system

the police system

Answer: the education system

Explanation:

The viceroy filled with imperialistic design was not in favour of giving any power to the IndiSol. He concluded the Indian Universities and the colleges were slowly becoming a cradle of propaganda against the government. Therefore, Lord Curzon appointed Raleigh Commission under Sir Thomas Raleigh. The Rayleigh bill, when became an act, was called Indian Universities Act 1904.

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