Social and Demographic Characteristics of the Indian Rural Economy MCQ Quiz - Objective Question with Answer for Social and Demographic Characteristics of the Indian Rural Economy - Download Free PDF

The correct answer is ​73.4%.

As per the SECC 2011 :

• Number of households in India - 24.4 crore
  • 17.9 crore (73.41%) are Rural
  • 6.5 crore (26.6%) are Urban
• 1 in 3 rural households is landless (own no agricultural land)
• 90% households don not have salaried jobs
• Rural poverty level - 25.7%
• Percentage of transgender population - 0.1%
• Number of households with atleast 1 graduate - 3.4%
• State with highest number of graduates - Delhi

The correct answer is 1975.

Key Points

• Regional Rural Banks: 
  • These are formed on the recommendation of Narsimha Committee in 1975.
  • The first RRB is Prathama Grameen Bank.
  • The Regional Rural Banks are required to function within a limited area for which they are established
  • The objectives of RRB: Bridge the credit gaps in rural areas.
• The RRBs were owned by three entities with their respective shares as follows
  • Central Government 50%
  • State government:15%
  • Sponsor banks:35%

Additional Information

• Regional Rural Banks are regulated by RBI and supervised by the National Bank for Agriculture and Rural Development (NABARD).
• RRBs should fulfil the following conditions, to become eligible to open new branch/es:
  • No default in maintenance of SLR and CRR during the last two years;
  • Operational profits are being made;
  • Net worth shows improvement;
  • Net NPA ratio does not exceed 8 per cent.

The correct answer is 2016.

Key Points

• Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses.
• The campaign was first announced by Indian Prime Minister Narendra Modi during his speech on 15 August 2015.
• The Startup India initiative was officially launched on 16 January 2016.
• The objective of the campaign is to create a strong ecosystem for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities.

Additional Information

• Startup India Action Plan:
  • The action plan for Startup India was unveiled by the Prime Minister on January 16, 2016, and it includes measures for the creation of incubation centers, easier patent filing, tax exemptions, and ease of setting up businesses.
  • It aims to simplify the startup process, offers financial support, and provides a favorable environment for startups to flourish.
• Fund of Funds for Startups (FFS):
  • To provide funding support to startups, the Government of India has set up a Fund of Funds with a corpus of INR 10,000 crore, managed by the Small Industries Development Bank of India (SIDBI).
  • The FFS aims to support various alternative investment funds (AIFs) which in turn invest in startups.
• Startup India Hub:
  • The Startup India Hub has been established to resolve queries and provide hand-holding support to startups throughout their lifecycle.
  • The Hub acts as a single point of contact for the startup ecosystem, enabling knowledge exchange and access to funding.
• Tax Exemptions:
  • Startups are eligible for an income tax exemption for three consecutive years out of their first ten years since incorporation.
  • Exemptions are also provided from capital gains tax and investments above the fair market value.

The correct answer is 4) ​73.4%.

As per the SECC 2011 :

• Number of households in India - 24.4 crore
  • 17.9 crore (73.41%) are Rural
  • 6.5 crore (26.6%) are Urban
• 1 in 3 rural households is landless (own no agricultural land)
• 90% households don not have salaried jobs
• Rural poverty level - 25.7%
• Percentage of transgender population - 0.1%
• Number of households with atleast 1 graduate - 3.4%
• State with highest number of graduates - Delhi

The correct answer is 1975.

Key Points

• Regional Rural Banks: 
  • These are formed on the recommendation of Narsimha Committee in 1975.
  • The first RRB is Prathama Grameen Bank.
  • The Regional Rural Banks are required to function within a limited area for which they are established
  • The objectives of RRB: Bridge the credit gaps in rural areas.
• The RRBs were owned by three entities with their respective shares as follows
  • Central Government 50%
  • State government:15%
  • Sponsor banks:35%

Additional Information

• Regional Rural Banks are regulated by RBI and supervised by the National Bank for Agriculture and Rural Development (NABARD).
• RRBs should fulfil the following conditions, to become eligible to open new branch/es:
  • No default in maintenance of SLR and CRR during the last two years;
  • Operational profits are being made;
  • Net worth shows improvement;
  • Net NPA ratio does not exceed 8 per cent.

• The ‘Aspirational District Programme (ADP)’ was launched by the Prime Minister Narendra Modi on January 5, 2018.
• The aim is to realise the vision of ‘SabkaSaath, SabkaVikas’, and ensure that India’s growth process remains inclusive.
• It is a special initiative to rapidly transform 115 identified districts that have shown relatively lesser progress in key social areas.
• There are 49 Key Performance Indicators (KPIs) like – Health and nutrition, education, agriculture and water resources, financial inclusion and skill development and basic infrastructure.
• The Baseline Ranking was released by NITI Aayog on April 1, 2018, to ascertain their status in these sectors and work to becoming the best district in the State.
• NITI Aayog in partnership with the Government of Andhra Pradesh has created a dashboard for monitoring the real-time progress of the districts.

The correct answer is 4) ​73.4%.

As per the SECC 2011 :

• Number of households in India - 24.4 crore
  • 17.9 crore (73.41%) are Rural
  • 6.5 crore (26.6%) are Urban
• 1 in 3 rural households is landless (own no agricultural land)
• 90% households don not have salaried jobs
• Rural poverty level - 25.7%
• Percentage of transgender population - 0.1%
• Number of households with atleast 1 graduate - 3.4%
• State with highest number of graduates - Delhi

The correct answer is 1975.

Key Points

• Regional Rural Banks: 
  • These are formed on the recommendation of Narsimha Committee in 1975.
  • The first RRB is Prathama Grameen Bank.
  • The Regional Rural Banks are required to function within a limited area for which they are established
  • The objectives of RRB: Bridge the credit gaps in rural areas.
• The RRBs were owned by three entities with their respective shares as follows
  • Central Government 50%
  • State government:15%
  • Sponsor banks:35%

Additional Information

• Regional Rural Banks are regulated by RBI and supervised by the National Bank for Agriculture and Rural Development (NABARD).
• RRBs should fulfil the following conditions, to become eligible to open new branch/es:
  • No default in maintenance of SLR and CRR during the last two years;
  • Operational profits are being made;
  • Net worth shows improvement;
  • Net NPA ratio does not exceed 8 per cent.

The correct answer is 4) ​73.4%.

As per the SECC 2011 :

• Number of households in India - 24.4 crore
  • 17.9 crore (73.41%) are Rural
  • 6.5 crore (26.6%) are Urban
• 1 in 3 rural households is landless (own no agricultural land)
• 90% households don not have salaried jobs
• Rural poverty level - 25.7%
• Percentage of transgender population - 0.1%
• Number of households with atleast 1 graduate - 3.4%
• State with highest number of graduates - Delhi

The correct answer is 2016.

Key Points

• Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses.
• The campaign was first announced by Indian Prime Minister Narendra Modi during his speech on 15 August 2015.
• The Startup India initiative was officially launched on 16 January 2016.
• The objective of the campaign is to create a strong ecosystem for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities.

Additional Information

• Startup India Action Plan:
  • The action plan for Startup India was unveiled by the Prime Minister on January 16, 2016, and it includes measures for the creation of incubation centers, easier patent filing, tax exemptions, and ease of setting up businesses.
  • It aims to simplify the startup process, offers financial support, and provides a favorable environment for startups to flourish.
• Fund of Funds for Startups (FFS):
  • To provide funding support to startups, the Government of India has set up a Fund of Funds with a corpus of INR 10,000 crore, managed by the Small Industries Development Bank of India (SIDBI).
  • The FFS aims to support various alternative investment funds (AIFs) which in turn invest in startups.
• Startup India Hub:
  • The Startup India Hub has been established to resolve queries and provide hand-holding support to startups throughout their lifecycle.
  • The Hub acts as a single point of contact for the startup ecosystem, enabling knowledge exchange and access to funding.
• Tax Exemptions:
  • Startups are eligible for an income tax exemption for three consecutive years out of their first ten years since incorporation.
  • Exemptions are also provided from capital gains tax and investments above the fair market value.

• The government appointed Prime Minister’s Economic Advisory Council Chairman C. Rangarajan to review the poverty estimation methodology by the Tendulkar panel. It was considered that the amount recommended by the Tendulkar panel is too low.
• Rangarajan committee raised these limits to Rs. 32(rural) and Rs. 47(urban), and worked out poverty line at close to 30%
• The estimation is based on an independent large survey of households by Center for Monitoring Indian Economy (CMIE).

• The ‘Aspirational District Programme (ADP)’ was launched by the Prime Minister Narendra Modi on January 5, 2018.
• The aim is to realise the vision of ‘SabkaSaath, SabkaVikas’, and ensure that India’s growth process remains inclusive.
• It is a special initiative to rapidly transform 115 identified districts that have shown relatively lesser progress in key social areas.
• There are 49 Key Performance Indicators (KPIs) like – Health and nutrition, education, agriculture and water resources, financial inclusion and skill development and basic infrastructure.
• The Baseline Ranking was released by NITI Aayog on April 1, 2018, to ascertain their status in these sectors and work to becoming the best district in the State.
• NITI Aayog in partnership with the Government of Andhra Pradesh has created a dashboard for monitoring the real-time progress of the districts.

• Chipko movement or Andolan was based on the Gandhian principles and the first Chipko protest occurred near the village of Mandal in the upper Alaknanda valley, Uttrakhand in April 1973.
• In this movement, people started hugging the trees to prevent deforestation and felling of the trees.
• Dasholi Gram Swarajya Mandal (DGSM) founded by Chandi Prasad Bhatt started their protests against the cutting of trees by the large scale industries.
• Sunderlal Bahuguna and Gaura Devi are the prominent names in the movement.

The correct answer is Option 2.

Key Points

• The Jungle Bachao Andolan was started in 1980 by the tribals of Singhbhum district of Bihar.
• It was basically a protest movement that later on spread to Odisha and Jharkhand.
• The government decided to replace the natural sal forest with highly valued teak, which resulted in the Jungle Bachao Andolan
• It was also known as Greed Game Political Populism.
• The leaders of the movement were the tribals of Singhbhum.

The correct answer is 1975.

Key Points

• Regional Rural Banks: 
  • These are formed on the recommendation of Narsimha Committee in 1975.
  • The first RRB is Prathama Grameen Bank.
  • The Regional Rural Banks are required to function within a limited area for which they are established
  • The objectives of RRB: Bridge the credit gaps in rural areas.
• The RRBs were owned by three entities with their respective shares as follows
  • Central Government 50%
  • State government:15%
  • Sponsor banks:35%

Additional Information

• Regional Rural Banks are regulated by RBI and supervised by the National Bank for Agriculture and Rural Development (NABARD).
• RRBs should fulfil the following conditions, to become eligible to open new branch/es:
  • No default in maintenance of SLR and CRR during the last two years;
  • Operational profits are being made;
  • Net worth shows improvement;
  • Net NPA ratio does not exceed 8 per cent.