CLAT (Common Law Admission Test) 2020 MCQs Questions Paper Part 7

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GK & Current Affairs

Direction: 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 the 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 ₹ 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. To rapidly modernize 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 multimodel 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 intending 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.

Source: Excerpt from Hindustan Times, written by Rajeev Jayaswal. (Dated 15th August, 2020)

Question 31

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

A. 2 trillion

B. 20 trillion

C. 5 trillion

D. 100 trillion

Question 32

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

A. It will help in alleviating the distress of migrants when they return to their villages.

B. It will help in achieving the goal of a self-sustainable rural economy.

C. It would boost the One Nation One Market objective and help India to become the food factory of the world.

D. It will help in elevating quality of life in urban areas.

Question 33

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

A. The launch of ‘Make in India’ initiative in 2014

B. The Economic liberalization in the year 1991

C. The Amendment in the FDI policy to increase the upper cap from 26 % to 49 % .

D. All of the above.

Question 34

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

A. Rebooting the MSMEs especially the Khadi and village industries.

B. Generating new opportunities of employment at the local level.

C. Creating new economic hubs through disinvestment and FDIs.

D. Promoting the indigenous manufacture and support through financial aid.

Question 35

Under the National Infrastructure Pipeline, the Government plans to invest more than ₹ 102 lakh crores 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?

A. 50: 25: 25

B. 40: 40: 20

C. 39: 39: 22

D. 34: 33: 33

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