Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

Arrange the following on the basis of their occurrence in Indian Economy.

A. Goods and Service tax

B.Jan Dhan Yojna

C. Mahatma Gandhi National Rural Employment Guarantee Act

D. Tapas Majumder Committee

E. Right to Education Act

Choose the correct answer from the options given below :

Options:

D, C, E,  B, A

E, C, B, A, D

D, E, C, A, B

E, D, C, B, A

Correct Answer:

D, C, E,  B, A

Explanation:

The correct answer is option (1) : D, C, E,  B, A

D. Tapas Majumder Committee : 1999. The Tapas Majumdar Committee, appointed by the Government of India in 1999, estimated an expenditure of around Rs 1.37 lakh crore over 10 years (1998- 99 to 2006-07) to bring all Indian children in the age group of 6-14 years under the purview of school education.

C. Mahatma Gandhi National Rural Employment Guarantee Act : 2005: Mahatma Gandhi National Rural Employment Guarantee Act 2005. It promises 100 days of guaranteed wage employment to all rural households who volunteer to do unskilled manual work. T

E. Right to Education Act :  In 2009, the Government of India enacted the Right of Children to Free and Compulsory Education Act to make free education a fundamental right of all children in the age group of 6-14 years.

B. Jan Dhan Yojna : on 15thAugust 2014 : All the adults are encouraged to open bank accounts as a part of a scheme known as JanDhan Yojana. Those bank account holders can get Rs. 1-2 lakh accidental insurance coverage and overdraft facilities for Rs. 10,000 and get their wages if they get any government-related jobs and works under MNREGA; old age pension and other social security payments of the government are transferred to bank accounts. There is no need to keep minimum bank balance. This has led to more than 40 crore people opening bank accounts; indirectly it has promoted thrift habit and efficient allocation of financial resources particularly in rural areas.

A. Goods and Service tax :  It is a single indirect tax on the supply of goods and services. It was introduced in July 2017 by abolishing a variety of taxes, such as sales tax and excise that prevailed in India. Under GST, tax is imposed on the basis of value addition at each stage of the movement of goods and services. Different slabs of tax rates, such as 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent, are imposed on almost all goods and services. This slab is same throughout the country.