Economy 2017

Question 1

Which country recognized Bitcoin as legal currency

Answer 1

Japan

Question 2

Which PSU launched Masala Bond at LSE

Answer 2

NHAI

Question 3

Solar calculator App

Answer 3

By ISRO

for computation of solar energy potential for selection of the location for solar photovoltaic thermal power plants

Question 4

Phased Manufacturing Programme

Answer 4

Under MEITy for promoting the growth of domestic manufacturing of cellular mobile handsets

Question 5

Think20 Task Force

Answer 5

It was set up as a result of the first ever G-20 “digital ministers” meeting. It comprises of thinktanks and academia (ORF of India) that will offer recommendations to strengthen digital economies and manage the digitization of traditional sectors

Question 6

Which State in India is to carry financial inclusion through SHG

Answer 6

Odisha

Question 7

India’s longest road tunnel

Answer 7

Chenani-Nashri aka Patnitop tunnel

Connects Udhampur with Ramban on Jammu-Srinagar highway (NH44)

Question 8

Strategic Petroleum Reserves in India

Answer 8

1st phase: Mangalore, Vishakapatnam, and Padur

2nd phase: chandikhole (Odisha), Bikaner, Rajkot (Gujarat), and Padur (Karnataka)

Question 9

Technology and innovation support centres (TISC)

Answer 9

DIPP + WIPO have joined hands to set up TISC

It will provide innovators in developing countries access to locally based, high quality technology information and related services, helping them exploit their innovative potential and to create, protect, and manage their intellectual property rights

The Cell for IPR promotion and Management (CIPAM) under Ministry of Commerce and Industry has been designated as the national focal point for TISC network

Question 10

Less cash township

Answer 10

Launched in Nagpur, developed by Gujarat Narmada Valley Fertilizers and Chemicals Ltd

Target of 2500 crore digital transactions during chrrent financial year

Initiative launched by NITI aayog

Question 11

Trade Infrastructure Export Scheme (TIES)

Answer 11

Under Ministry of Commerce
Focus not only on infra but also how to professionally address the needs of the exporters

It will provide assistance for setting up and upgradation of infra projects with export linkages

Question 12

Prasad scheme

Answer 12

Development of tourism infrastructure in and around famous religious and pilgrimage cities

Question 13

Pradhan Mantri Rozgar Protsahan Yojana

Answer 13

Designed to incentivize employers for generation of new employment, where Govt will be paying the 8.33% EPS contribution of the employer for the new employment

Question 14

Enforcement Directorate (ED)

Answer 14

Govt agency responsible for enforcement of the FEMA, 1999 and certain provisions under the PMLA

ED is under the administrative control of Deptt of Revenue for operational purposes; the policy aspects of the FEMA, its legislation and its amendments are within the purview of Deptt of Economic Affairs

Question 15

Start-Ups Intellectual Property Protection Scheme

Answer 15

Objective is to protect and promote IPRs awareness for startups and to encourage creativity and innovation amongst them

DIPP has empanelled several facilitators who are required to provide IPR related services to startups. They will not charge anything as Govt will bear the cost

Question 16

Railway Development Authority

Answer 16

Functions:

1. To recommend tariff commensurate with costs
2. Frame principles for social service obligation
3. Suggest policies for private investment
4. Fix efficiency standards and resolve disputes related to any concession agreements
5. Collect, analyze and disseminate information and statistics concerning the rail sector

Question 17

Jal Vikas Marg Project

Answer 17

Ministry of Shipping
Financial assistance of WB
Envisages developing a navigable channel between Allahabad and Haldia

Int’l waterway Authority of India is implementing agency