As per data released by Brickwork Ratings in December 2015, Maharashtra earns approximately 70 per cent of its total receipts through tax revenues — the highest among the bigger states — followed by Gujarat and Tamil Nadu. It is the biggest economy within India at Rs 16.87 lakh crore in terms of gross state domestic product (GSDP). The state also contributesto about 40 percent of India’s income tax collections.

Correct Option: D

As per data released by Brickwork Ratings in December 2015, Maharashtra earns approximately 70 per cent of its total receipts through tax revenues — the highest among the bigger states — followed by Gujarat and Tamil Nadu. It is the biggest economy within India at Rs 16.87 lakh crore in terms of gross state domestic product (GSDP). The state also contributesto about 40 percent of India’s income tax collections.

India’s share in global trade was 2.8 per cent in 2014, up from 2.07 per cent in 2013. The government aims to increase its share in the global trade to 3.5 per cent by 2020.

Correct Option: B

India’s share in global trade was 2.8 per cent in 2014, up from 2.07 per cent in 2013. The government aims to increase its share in the global trade to 3.5 per cent by 2020.

The Swarna Jayanti Swarozgar Yojana (SGSY) has been renamed as National Rural Livelihood Mission (NRLM). NRLM is a poverty alleviation project implemented by Ministry of Rural Development, Government of India. This scheme is focused on promoting self-employment and organization of rural poor.

Correct Option: B

The Swarna Jayanti Swarozgar Yojana (SGSY) has been renamed as National Rural Livelihood Mission (NRLM). NRLM is a poverty alleviation project implemented by Ministry of Rural Development, Government of India. This scheme is focused on promoting self-employment and organization of rural poor.

Central Value Added Tax (CENVAT), popularly known as Central Excise Duty, is a duty on the manufacture/ production of goods in India. It is an adaptation of VAT, which came into force in the country in 1986 in the form of MODVAT (Modified Value Added Tax). MODVAT was re-named as CENVAT on 1 April 2000.

Correct Option: B

Central Value Added Tax (CENVAT), popularly known as Central Excise Duty, is a duty on the manufacture/ production of goods in India. It is an adaptation of VAT, which came into force in the country in 1986 in the form of MODVAT (Modified Value Added Tax). MODVAT was re-named as CENVAT on 1 April 2000.

Prime Minister Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) on 13 January, 2016. The Prime Minister unveiled the detailed guidelines for implementing the Fasal Bima Yojana at a farmers’ convention in Madhya Pradesh on 18 February 2016. PMFBY aims to provide a more efficient insurance support to the farmers of the country in the events of crops destroyed by heavy rain, other natural calamities, pests or diseases. Best Answer: (3) February 2016

Correct Option: C

Prime Minister Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) on 13 January, 2016. The Prime Minister unveiled the detailed guidelines for implementing the Fasal Bima Yojana at a farmers’ convention in Madhya Pradesh on 18 February 2016. PMFBY aims to provide a more efficient insurance support to the farmers of the country in the events of crops destroyed by heavy rain, other natural calamities, pests or diseases. Best Answer: (3) February 2016