Comprehension

Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan‘ (Self Reliant India initiative) the country is shifting its focus from ’Make in India‘ to ‗Make for world‘. He said Independent India should be "vocal for local" and asked citizens to glorify Indian products to promote 'Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multi model connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.

Question: 1

The Government announced a stimulus package under the Self Reliant India Scheme for the amount of ________.

Updated On: Jul 9, 2024
  • 2 trillion
  • 20 trillion
  • 5 trillion
  • 100 trillion
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The Correct Option is B

Solution and Explanation

The correct option is (B) :20 trillion.
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Question: 2

Which of the following is not a goal of the stimulus package announced under the “Atmanirbhar” India ?

Updated On: Jul 17, 2024
  • It will help in alleviating the distress of migrants when they return to their villages.
  • It will help in achieving the goal of a self-sustainable rural economy.
  • It would boost the One Nation One Market objective and help India to become the food factory of the world.
  • It will help in elevating quality of life in urban areas.
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The Correct Option is D

Solution and Explanation

The correct option is (D) :It will help in elevating quality of life in urban areas.
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Question: 3

Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India ?

Updated On: Jul 18, 2024
  • The launch of 'Make in India‘ initiative in 2014.
  • The Economic liberalisation in the year 1991.
  • The Amendment in the FDI policy to increase the upper cap from 26% to 49%.
  • All of the above.
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The Correct Option is B

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The correct option is (B) :The Economic liberalisation in the year 1991.
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Question: 4

Which of the following is not related to the “Vocal for Local” initiative of the Indian Government ?

Updated On: Aug 16, 2024
  • Rebooting the MSMEs especially the Khadi and village industries.
  • Generating new opportunities of employment at the local level.
  • Creating new economic hubs through disinvestment and FDIs.
  • Promoting the indigenous manufacture and support through financial aid.
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The Correct Option is C

Solution and Explanation

The correct option is (C) :Creating new economic hubs through disinvestment and FDIs.
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Question: 5

Under the National Infrastructure Pipeline, the Government plans to invest more than Rs. 102 lakh crore on infrastructure projects by 2024-25, with the Centre, States and the private sector to share the capital expenditure. What is the ratio of such expenditure by each of the stake holders ?

Updated On: Aug 2, 2024
  • 50:25:25
  • 40:40:20
  • 39:39:22
  • 34:33:33
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The Correct Option is D

Solution and Explanation

The correct option is (D) :34:33:33.
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