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Daily-mcqs 08 Jan 2025
Q1:
According to the recent SBI research on rural poverty, which of the following statements is true regarding the decline in poverty levels in India in FY24?
A: Rural poverty has decreased to 4.86% in 2023-24, a significant reduction from 25.7% in 2011-12, primarily due to improvements in food prices.
B: Urban poverty has decreased from 13.7% in 2011-12 to 4.09% in 2023-24, with government programs like Direct Benefit Transfers playing a crucial role.
C: Consumption inequality has worsened in both rural and urban areas compared to the previous year, showing an increase in disparities.
D: Food inflation has had little impact on rural areas as the majority of their expenditure is not on food.
Answer: B
Explanation:
Option B is correct because urban poverty has decreased from 13.7% in 2011-12 to 4.09% in 2023-24, with government programs like Direct Benefit Transfers playing a crucial role.
Option A is incorrect because the reduction in rural poverty is primarily attributed to government support and higher consumption among the poorest, not food price improvements.
Option C is incorrect as consumption inequality in both rural and urban areas has actually improved, not worsened.
Option D is incorrect because food inflation has a significant impact on rural areas, where food expenditure is high
Q2:
Consider the following statements regarding poverty: 1. Absolute poverty refers to the lack of income necessary to meet basic living standards like food, shelter, and housing. 2. The World Bank fixed the poverty line to $2.15 per day in 2022 for measuring absolute poverty. 3. Relative poverty is concerned with comparing the income of an individual or household to the global poverty line. 4. Relative poverty measures deprivation based on how individuals or households compare to the living standards of the surrounding population. Which of the following statements is/are correct?
A: Only 1, 2, and 4
B: Only 1 and 2
C: Only 3 and 4
D: Only 1 and 4
Answer: A
Explanation:
Q3:
Assertion (A): Universal Basic Income (UBI) aims to reduce poverty and inequality by providing unconditional financial support to all citizens. Reason (R): UBI ensures that people have economic freedom and reduces corruption. Which of the following is the most appropriate option?
A: Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation for Assertion (A).
B: Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation for Assertion (A).
C: Assertion (A) is correct, but Reason (R) is incorrect.
D: Assertion (A) is incorrect, but Reason (R) is correct.
Answer: B
Explanation:
Assertion (A) is correct: The primary goal of Universal Basic Income (UBI) is indeed to reduce poverty and inequality by providing regular, unconditional cash transfers to all citizens, which helps in ensuring a basic standard of living.
Q4:
Consider the following statements regarding the recent U.S. decision to remove Indian entities from its "restricted lists": 1. The removal of Indian entities from the restricted lists is expected to increase U.S.-India cooperation in the fields of nuclear energy, space exploration, and technological innovation. 2. This policy shift will primarily benefit India's defense sector by allowing greater access to U.S. defense technologies and strategic resources. 3. The move is likely to have a limited impact on U.S.-India economic and trade relations as it is restricted to only scientific and nuclear sectors. Which of the statements given above is/are correct?
A: 1 and 2 only
B: 1 and 3 only
C: 2 and 3 only
D: 1 only
Answer: D
Explanation:
Q5:
Consider the following about ISRO’s SpaDeX mission: 1. SpaDeX is India’s first mission to demonstrate in-space docking technology. 2. SpaDeX primarily focuses on growing plants in space and ensuring food security for astronauts on long missions. 3. It involves two satellites, SDX01 (Chaser) and SDX02 (Target). 4. The success of SpaDeX would place India among countries like the U.S., Russia, and China, capable of in-space docking and laying. Which of the statements given above is/are correct?
A: 1, 2, and 3 only
B: 1, 3, and 4 only
C: 2 and 4 only
D: 1, 2, 3, and 4
Answer: B
Explanation: