Economic & Social Issues Questions (ESI) for NABARD Grade A | Set-11

Correct Answer: A. Kerala

Explanation- Kerala Fisheries Minister, J. Mercykutty Amma has inaugurated ‘Parivarthanam’ scheme which aims to improve the livelihood skills of youngsters along the coastline and improve their socio-economic condition of fishers.

Correct Answer – A. 2010

Explanation- Nagoya Protocol – The Nagoya Protocol is about “Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization”, one of the three objectives of the CBD. The Protocol was adopted on 29 October 2010 in Nagoya, Japan, and entered into force on 12 October 2014. It has been ratified by 60 parties.The Nagoya Protocol is intended to create greater legal certainty and transparency for both providers and users of genetic resources by:

• Establishing more predictable conditions for access to genetic resources.
• Helping to ensure benefit-sharing when genetic resources leave the contracting party providing the genetic resources.
• By helping to ensure benefit-sharing, the Protocol creates incentives to conserve and sustainably use genetic resources, and therefore enhances the contribution of biodiversity to development and human well-being.

Correct Answer – B It is the difference between the total investment made and consumption of fixed capital in accomplishing the year’s production

Explanation: Net Domestic Investment in an economy is the amount spent by an economy on capital assets less depreciation or the consumption of fixed capitals. If gross investment is consistently higher than depreciation, net investment will be positive, indicating that productive capacity is increasing. Conversely, if gross investment is consistently lower than depreciation, net investment will be negative, indicating that productive capacity is decreasing, which can be a potential problem down the road. This is true for all entities, from the smallest companies to the largest economies.

Correct Answer – D. It is a principle which states that both imported, and locally-produced goods should be treated equally — at least after the foreign goods have entered the market.

Explanation-  National Treatment: Treating locals and foreigners equally:
• Imported and locally-produced goods should be treated equally — at least after the foreign goods have entered the market.
• The same should apply to foreign and domestic services, and to foreign and local trademarks, copyrights and patents.
• This principle of “national treatment” (giving others the same treatment as one’s own nationals) is also found in all the three main WTO agreements (Article 3 of GATT, Article 17 of GATS and Article 3 of TRIPS), although once again the principle is handled slightly differently in each of these.

Correct Answer – C. 75

Explanation- 75 tribal groups have been categorized by Ministry of Home Affairs as Particularly Vulnerable Tribal Groups (PVTG)s. PVTGs reside in 18 States and UT of A&N Islands. The Ministry of Tribal Affairs implements the Scheme of “Development of Particularly Vulnerable Tribal Groups (PVTGs)” exclusively for them.

Correct Answer – C. 1, 2, 3, 4

Explanation- Instruments of Monetary Policy:
(a) The instruments of monetary policy are of two types: first, quantitative, general or indirect; and second, qualitative, selective or direct.
(b) They affect the level of aggregate demand through the supply of money, cost of money and availability of credit.

Correct Answer – C. Gurgaon, Haryana, India

Explanation- The ISA, headquartered in India, has its Secretariat located in the campus of National Institute of Solar Energy, Gwalpahari, Gurgaon, Haryana. ISA Interim Secretariat has been operational as a de-facto organization since 25t h January, 2016. India has offered to meet ISA Secretariat expenses for initial five years.

Correct Answer – D. Both (A) and (C)

Explanation- India and France had launched International Solar Alliance (ISA) at the Conference of Parties (CoP21) Climate Conference in Paris, France in the year 2015. The idea of alliance was mooted by Indian PM Narendra Modi to harness solar power as a major step to mitigate carbon gas emissions. It aims to bring solar rich 121 tropical countries located fully or partly between the Tropic of Cancer and Capricorn together to tap solar energy.

Correct Answer – E. SHe-Box

Explanation- The Ministry of Women and Child Development has linked SHe-Box, the online portal to report complaints of Sexual Harassment at Workplace, to all the Central Ministries, Departments and 653 districts across 33 States/Union. Territories.

Correct Answer – A. Manila