NABARD Grade A & B Exam 2021 : Economic & Social Issues (ESI) Questions | Set-12

Correct Answer: E. Both (b) &(d)

Explanation- Both Japan and United States have 15.6% the same number of shares in ADB.

Correct Answer – B. Uruguay Round

Explanation- The General Agreement on Tariffs and Trade was the first worldwide multilateral free trade agreement. It was in effect from June30,1948until January 1, 1995.

Correct Answer – D. Global Economic Prospects Report

Explanation- The Global Economic Prospects Report is published by the World Bank. It is published annually and partly updated two times a year

Correct Answer – C. Product Subsidy

Explanation- * While calculating the GDP at Market Prices, the subsidy is subtracted and not added.
* To calculate the GDP at Market Prices, Product Tax is added, and the Product Subsidy is subtracted from the GVA at Basic Prices.
Factor Cost + Production Tax – Production Subsidy = Basic Price.

Correct Answer: E. All the above

Explanation- All the statements given above are correct.
• The GEF is a partnership for international cooperation – 183 countries working together with international institutions, civil society organisations and the private sector to address global environmental issues
•It addresses six designated focal areas: biodiversity, climate change, international waters, ozone depletion, land degradation and Persistent Organic Pollutants.
• It was established on the eve of 1992 Rio Earth Summit to help tackle our planet’s most pressing environmental problems.
•India has been a leading developing country participant in the GEF since its inception and has played a major role in shaping GEF. India is both donor and recipient of GEF.

Correct Answer: D. As per the Act, the State Government has been designated as the competent authority for initiating the process of determining the nature and extent of individual or community forest rights.

Explanation- As per the Act, the Gram Sabha has been designated as the competent authority for initiating the process of determining the nature and extent of individual or community forest rights.
The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006:
• Forest Rights Act, 2006 provides for the restitution of deprived forest rights across India.
• The Act provides scope of integrating conservation and livelihood rights of the people.

Correct Answer – B. Right to Information (Amendment) act, 2019

Explanation- The RTI Amendment Act, 2019 was passed by parliament in July 2019. It amended Sections 13, 16 and 27 of the RTI Act, 2005 to empower the Central government to prescribe rules to decide tenure, salaries, allowances and other terms of service of the chief and other information commissioners of the CIC and all state information commissions (SICs).

Correct Answer – D. Article 370

Explanation- Article 370(3) provides President of India has the powers to amend or repeal the article by issuing a notification, based on a recommendation of Constituent Assembly of J&K.

Correct Answer – D. All of the above

Correct Answer – A.  5 years