NABARD Grade A & B Exam 2021 : Economic & Social Issues (ESI) Questions | Set-14

Correct Answer: B. Statutory Body

Explanation- National Green Tribunal (NGT): The NGT was established on 18.10.2010 under National Green Tribunal Act, 2010 for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources. It specializes in adjudicating on matters relating to environment, forests and harm to people or property due to neglect of environmental obligations of infrastructure projects.

Correct Answer – A. Factor Cost + Production Taxes – Production Subsidy = Basic Price

Explanation- Factor costs are the actual production costs at which goods and services are produced by firms and industries in an economy. The price at which a product comes out of the factory gate of a company is known as the Factor cost of the product. When the production taxes are added and the production subsidies subtracted from the factor cost, we get the Basic Price.

• Production Taxes: Land revenues, stamps fees, registration fees tax on the profession etc. These are levied on the product irrespective of the volume of production.
• Production Subsidies: Subsidies to Railways, input subsidies to farmers, subsidies to the village and small industries, administrative subsidies to corporations or cooperatives, etc.

Correct Answer – B. 102 lakh crores

Explanation- Finance Minister Nirmala Sitharaman unveiled a ₹102 lakh crore national infrastructure pipeline, in accordance with the Narendra Modi government’s vision to make India a $5 trillion economy by 2024-25. The finance ministry had set up a task force headed by Economic Affairs Secretary to prepare a road map for the “national infrastructure pipeline” from 2019-20 to 2024-25 under the ₹100 lakh crore infra plan.

Correct Answer – C. Pradhan Mantri Matsya Sampada Yojana

Explanation- Finance Minister, Nirmala Sitharaman announced to launch ‘Matsya Sampada Yojana’ aimed to increase the fish and aquatic products through appropriate policy, marketing and infrastructure support.

Correct Answer – C. 1 and 2

Explanation- Statement 3 and 4 are incorrect.
Statement 3: NDB is currently headquartered at Oriental Financial Centre in Shanghai, China. Statement 4: The bank will allow new members to join but the BRICS capital share cannot fall below 55%. Bank’s Articles of Agreement specify that all members of the United Nations could be members of the bank.

Correct Answer – C. Neonatal Mortality

Explanation- • The Global Hunger Index (GHI) is a tool designed to comprehensively measure and track hunger at the global, regional, and national levels. The GHI is designed to raise awareness and understanding of the struggle against hunger, provide a means to compare the levels of hunger between countries and regions, and call attention to the areas of the world in greatest need of additional resources to eliminate hunger.

Correct Answer – B. WPR = (No. of employed persons/Total Population) * 1000

Correct Answer – B. Structural unemployment

Explanation- Structural Unemployment occurs due to structural changes in the economy.
· Structural changes can be due to change in technology (from labour intensive technology to capital intensive technology) or change in the pattern of demand.
· Thus, structural unemployment is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market.
· In a developing country like India, structural unemployment exists both in the rural and the urban areas.

Correct Answer – D. IBM

Explanation- Ministry of Skill Development & Entrepreneurship launches Skills Build platform in Collaboration with IBM.Directorate General of Training (DGT), under the aegis of Ministry of Skill Development & Entrepreneurship (MSDE).

Correct Answer: E. Rajasthan

Explanation- Rajasthan has started using satellite communication technology in a big way to enhance the learning outcome in educational institutions and generate awareness about social welfare schemes, while giving priority to the five aspirational districts selected by NITI Aayog in the State.