Indian Economy Mixed Practice — MCQs with Answers (Set 23)

The answer is ₹12,000 per acre, higher than Rythu Bandhu’s ₹10,000. The cabinet announced this on 4 January 2025. ₹15,000 was only the election promise. ₹10,000 was the old rate, and ₹8,000 was Rythu Bandhu’s rate at its 2018 start. Hook: promised 15, paid 12, old 10.

The answer is 26 January 2025. Revanth Reddy launched both schemes at Chandravancha village on Republic Day. The cabinet had fixed the rates earlier, on 4 January 2025. 7 December 2023 is when he took oath as chief minister. 27 January is a day late, and 1 January is not tied to either event. Hook: Republic Day 2025, both schemes.

Every Gram Panchayat is required to prepare a Viksit Gram Panchayat Plan (VGPP) through participatory planning, supported by the Yuktdhara GIS-based tool.

Total kharif area sown was down 38.82 lakh hectares from 826.19 lakh hectares in 2025, to 787.37 lakh hectares in 2026.

Zeedesign Engineering, a Mumbai-based micro enterprise, recovered Rs 21.06 lakh through the ODR Portal within 24 hours of filing its petition.

The additional Rs 30,000 crore took the Government of India’s total commitment to NIIF to Rs 60,000 crore. It will fund NIIF Infrastructure Fund II and support new fund strategies.

NIIF announced the final close of its Master Fund on 21 December 2020, at $2.34 billion. It exceeded the fund’s target.

NIIF is registered with SEBI as a Category II Alternative Investment Fund. SEBI registered it on 28 December 2015, after the Cabinet decision of 29 July 2015.

PIB listed three NIIF funds in December 2022: the Master Fund, the Fund of Funds, and the Strategic Opportunities Fund. ‘Sovereign Growth Fund’ is not one of them.

The revised policy lets existing captive users add new berths, jetties, or terminals for Enhanced Captive Requirement, for up to 30 years for government entities.

The Government of India holds a 49% stake in NIIF. Other investors, including global sovereign and pension funds, hold the rest. PIB says the Government’s share is 49% of total commitments.

The Bill as introduced on 23 March 2026 proposed up to six months’ imprisonment or a criminal fine for not following an NFRA order or not paying its penalty. The Joint Parliamentary Committee, in its report of 3 August 2026, recommended removing the imprisonment and keeping the criminal fine. The other options are not powers the Bill gives NFRA.

Nitin Gupta took charge as NFRA Chairperson on 23 July 2025, per NFRA’s Chairperson page. Before him, Ravneet Kaur held additional charge from 1 April 2025. The 2018 date is when NFRA began, and 23 March 2026 is when the Corporate Laws Bill was introduced.

NFRA can debar an auditor for up to 10 years. In the Coffee Day Enterprises order of 19 August 2024, one partner got 10 years and another got 5 years. So 10 years is the ceiling, not a fixed term.

NFRA was constituted on 1 October 2018. The Union Cabinet had approved the body earlier, on 1 March 2018. Rangachari Sridharan was its first Chairperson. The 2025 date is when Nitin Gupta joined, and the 2026 date is when a Bill was introduced.

NFRA is a statutory body set up under Section 132 of the Companies Act, 2013. Section 143 deals with the powers and duties of auditors. Section 149 deals with the board of directors. Section 245 deals with class action suits.

RBI placed New India Co-operative Bank, Mumbai, under All Inclusive Directions on 13 February 2025. On 24 February 2025 it allowed withdrawals of up to ₹25,000 per depositor. The other banks named were not restricted in 2025.

Section 18A sets an overall limit of 90 days. The bank has 45 days to send its depositor list. DICGC then has 30 days to check it and 15 days to pay. The three steps together stay within 90 days.

DICGC is a wholly owned subsidiary of the Reserve Bank of India. Its head office is in Mumbai. The other bodies named do not own it.

DICGC insures up to ₹5 lakh per depositor, per bank. This counts principal and interest together. The cover was raised from ₹1 lakh on 4 February 2020.

DICGC came into existence on 15 July 1978. The Deposit Insurance Corporation began work on 1 January 1962. It merged with the Credit Guarantee Corporation of India, set up in 1971. The other dates are the start of the older body, the 2020 limit rise and the 2021 Section 18A.

NaBFID’s total assets grew 44% year-on-year, to Rs 1.04 trillion, as of 31 December 2025, reflecting rapid growth in its infrastructure loan book.

Rajkiran Rai G, former MD and CEO of Union Bank of India, took charge as NaBFID’s first MD and CEO on 8 August 2022. K V Kamath had earlier been named NaBFID’s Chairperson.

NaBFID is India’s fifth All India Financial Institution, joining institutions such as NABARD, SIDBI, EXIM Bank, and NHB.

NaBFID is regulated by the Reserve Bank of India, as one of India’s All India Financial Institutions.