Government Schemes Daily- 04-July-2018- Economic and Social Issues for RBI Grade B and UPSC
Download Government Schemes Question and Answers PDF for 04th July 2018 covering all important government schemes launched by central and state governments.
“Government Schemes” is an important topic for RBI Grade B, a considerable number of questions have been asked in recruitment exams like RBI Grade B Phase-1 as well as Phase-2 2017; UPSC 2017 and NABARD Grade A 2018. An aspirant preparing for these kind of exams must definitely find a way to remember maximum information, both static and current affairs, related to the government schemes launched by the government of India and respective state governments. We have analyzed the pattern of questions from the previous years’ memory based question papers and have tried to demystify this topic by categorizing the topic into five major sections to help the aspirant learn/remember government schemes easily and excel in any kind of questions asked in the exams. Hope this document will play its role in your preparation.
Introduction to Government Schemes
Government Schemes can be categorized into two types based on the implementation of schemes :
– Central Sector Schemes : Central Sector Schemes are 100% funded by government of India and implemented by concerned ministries.
– Centrally Sponsored Schemes : Centrally sponsored schemes are the schemes where a proportion of the scheme is funded by government of India and the rest is funded by respective state governments and the scheme is implemented by the states. The different ratios in which the funding is shared is: 50:50; 70:30; 75:25; 90:10 – is usually shared in case of North Eastern States. CSS scheme is cleared defined in the report – Baijal Committee Report 1987.
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Daily Current affairs – Today’s quiz
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PM VAYA VANDANA YOJANA
Question 01: Which of the following organizations is the implementing agency for the ambitious scheme PM Vaya Vandana Yojana, a pension scheme launched for senior citizens above 60 years of age by government of India?
a: State Bank of India
b: Pension Fund Regulatory Authority of India
c: Life Insurance Corporation of India
d: Reserve Bank of India
Answer: c
Question 02: What is the guaranteed rate of return per annum payable to the pensioner by the PM Vaya Vandana Yojana, the difference on interest rate will be borne by government of India in case the rate of return achieved by LIC falls below the assured rate?
a: 10%
b: 08%
c: 07%
d: 09%
Answer: b
Question 03: The policy tenure of PM Vaya Vandana Yojana is how many years?
a: 5 Years
b: 15 Years
c: 25 Years
d: Life time of the beneficiary
Answer: a
Question 04: What is the minimum purchase price under the PM Vaya Vandana Yojana?
a: Rs 10,00,000
b: Rs 15,00,000
c: Rs 5,00,000
d: Rs 1,50,000
Answer: d
Question 05: As per the recent announcement in budget 2018-19, the investment limit in PM Vaya Vandana Yojana has been enhanced from existing 7.5 Lakhs to how much amount?
a: 12 Lakhs
b: 20 Lakhs
c: 15 Lakhs
d: 10 Lakhs
Answer: c
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Question 06: As per the recent announcement in budget 2018-19, the investment period for senior citizens in PM Vaya Vandana Yojana has been extended from existing March 2018 to which of the following dates?
a: December 2019
b: March 2020
c: December 2020
d: September 2019
Answer: b
Question 07: PM Vaya Vandana Yojana Scheme which was launched in May 2017, is administered by which of the following ministries?
a: Ministry of Minority Affairs
b: Ministry of Social Justice and Empowerment
c: Ministry of Finance
d: Ministry of Rural Development
Answer: c
Aajevika Grameen Express Yojana
Question 08: Aajevika Grameen Express Yojana which was launched in 2017, implemented under Deendayal Antyodaya Yojana – National Rural Livelihood Mission, is administered by which of the following ministries?
a: Ministry of Social Justice and Empowerment
b: Ministry of Health and Family Welfare
c: Ministry of Rural Development
d: Ministry of Minority Affairs
Answer: c
Question 09: The scheme – Aajevika Grameen Express Yojana which aims to provide an alternative sources of livelihood to members of self-help groups by facilitating them to operate public transport in backward rural areas is initially implemented in how many blocks on a pilot basis for a period of three years from 2017-2020?
a: 250
b: 300
c: 620
d: 470
Answer: a
Question 10: Under the Aajevika Grameen Express Yojana which of the following will be providing interest free loans from its corpus to SHGs for purchase of vehicles?
a: State Bank of India
b: Community Based Organization
c: Small Industries Development Bank of India
d: SC/ST welfare development community
Answer: b
Question 11: Community Based Organization will be providing an interest free loan up to how much amount to self-help groups under the Aajevika grameen express Yojana?
a: Rs 10 Lakhs
b: Rs 15 Lakhs
c: Rs 6.5 Lakhs
d: Rs 5 Lakhs
Answer: c
Sovereign Gold Bond Scheme
Question 12: Which of the following organizations will be issuing sovereign gold bonds on behalf of government of India?
a: Securities and Exchange Board of India
b: Reserve Bank of India
c: State Bank of India
d: EXIM Bank of India
Answer: b
Question 13: The investment limit in sovereign gold bond per financial year for the eligible individuals, HUF and Trusts has been increased by government of India recently, which of the following is the correct investment limit for Individual, HUFs and Trusts respectively(in the same order)?
a: 4Kgs, 10Kgs, 20Kgs
b: 4Kgs, 4Kgs, 20Kgs
c: 4Kgs, 8Kgs, 15Kgs
d: 4Kgs, 10Kgs, 15Kgs
Answer: b
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Question 14: What is the current rate of Interest (June 2018) on sovereign gold bonds which is paid once in six months?
a: 2.5%
b: 2.75%
c: 3.00%
d: 2.25%
Answer: b
Question 15: What is the tenor of the sovereign gold bond, which will have an voluntary exit option from 5th year?
a: 10 years
b: 15 years
c: 08 years
d: 20 years
Answer: c
Question 16: Bonds can be used as collateral for loans and can be considered under which of the following liquidity management tools for the banks?
a: Cash Reserve Ratio
b: Statutory Liquidity Ratio
c: Repo Rate
d: Reverse Repo Rate
Answer: b
Question 17: Sovereign Gold Bonds are exempt from which of the following taxes?
a: Stamp Duty
b: Securities Transaction Tax
c: Capital Gains Tax
d: Entertainment Tax
Answer: c
 exams. Important Economic & Social issues Download general awareness PDF notes with one liners, question and answers, Govt. Schemes 2018 for education, unemployed, rural development programmes,){kind=link}