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Learn NDA MCQs with answers [Page 17 of Department 65]
162) Which one of the following is not a scheme/project of the present Government?
(A) Swachh Bharat
(B) AYUSH
(C) AMRUT
(D) Jan Dhan Yojana
Correct Answer - Option
(A)
Explanation :
Swachh Bharat is India's biggest ever cleanliness campaign that was originally known as Nirmal Bharat Abhiyan and Total Sanitation Campaign from 1999 to 2012. On 2 October 2014, the Nirmal Bharat Abhiyan campaign was relaunched as Swachh Bharat Abhiyan (Clean India Mission) which aims to eradicate open defecation by 2019.
163) When there is one buyer and many sellers then that situation is called
(A) Monopoly
(B) Down right
(C) Double buyers right
(D) Single buyer right
Correct Answer - Option
(D)
Explanation :
In economics, a monopsony (mono: single) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one seller faces many buyers. As the only purchaser of a good or service, the monopsonist may dictate terms to its suppliers in the same manner that a monopolist controls the market for its buyers. It is also known as Single buyer Right. A singlepayer universal health care system, in which the government is the only'buyer' of health care services, is an example of a monopsony. Another possible monopsony could develop in the exchange between the food industry and farmers.
164) Which Indian company secured the highest export revenue from IT software and services during the past two years ?
(A) Satyam Computer Services Ltd.
(B) Infosys Technologies Ltd.
(C) Wipro Technologies Ltd.
(D) TCS
Correct Answer - Option
(D)
Explanation :
Tata Consultancy Services (TCS) is India's top software services exporter. TCS is part of the Tata Group conglomerate that also manufactures cars and steel, and serves customers including Citigroup Inc and BP Plc. It is one of India's most valuable companies and is the largest India-based IT services company by 2012 revenues
168) Which of the following is true about chairman of Public Accounts Committee?
(A) Elected by Union Cabinet
(B) Appointed by Speaker
(C) Appointed by President
(D) Elected by members of the Public Accounts Committee
Correct Answer - Option
(B)
Explanation :
The Public Accounts Committee (PAC) is one of the most important parliamentary committees in India. It is responsible for examining the expenditure of the government and ensuring that public money is used properly as per the Parliament’s approval.
Appointment of the Chairman of PAC
The Speaker of the Lok Sabha appoints the Chairman of the PAC from among its members.
Although there is no constitutional requirement, it has been a convention since 1967 that the chairperson is from the opposition party to ensure unbiased scrutiny.
Composition of the PAC
It consists of 22 members:
15 from the Lok Sabha, elected by proportional representation.
7 from the Rajya Sabha, nominated by the Chairman of Rajya Sabha.
Ministers cannot be members of the PAC.
Functions of the PAC
Examines the Annual Audit Reports of the Comptroller and Auditor General (CAG).
Ensures that government expenditures are as per parliamentary sanctions.
Investigates cases of financial irregularities in government spending.
Thus, the Speaker of the Lok Sabha appoints the Chairman, making option (B) the correct answer.
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