Economy Questions

The correct answer is Inflation.

Key Points

• Inflation:
  • ​Inflation is an increase in the level of prices of the goods and services that households buy.
  • It is measured as the rate of change of those prices.
  • The well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households.
  • Inflation refers to the increase in the prices of the goods and services of daily use, such as food, housing, clothing, transport, recreation, consumer staples, etc.
  • Inflation is calculated in India by the Ministry of Statistics and Program Implementation.

Additional Information

• Deflation: 
  • ​It is also called negative inflation.
  • During a deflationary period, prices fall in the same way as they arise in the case of inflation: continuously and in a generalized manner.
• Stagflation:
  • ​Stagflation is the extreme economic situation, a peculiar combination of stagnant growth and rising inflation leading to high unemployment.
  • Causes of Stagflation:
    • ​Government expansion of the money supply.
    • Decreasing level of Productivity.
    • Supply-side shock.
    • Increasing structural Unemployment.
    • Central bank raising Interest rates.
    • A sudden increase in oil prices.
  • Hyperinflation:​
    • It is the situation when the price of goods and services rises uncontrollably over a definite time period.
    • It is also called Rapid Inflation.

The correct answer is 2002 AD.

Key Points 

• Rajasthan Renewable Energy Corporation-
  • Established - 9 August 2002 AD
  • Headquarter - Jaipur
  • This entity was the result of the Rajasthan State Power Corporation Ltd merger with the Rajasthan Energy Development Agency.
  • This entity does work in the field of renewable energy production and capacity building.
  • This entity was awarded the IIMA power award.

Key Points

• Rajasthan Renewable Energy Corporation Limited (RRECL) was formed in August 2002 by amalgamating the erstwhile REDA (Rajasthan Energy Development Agency) and Rajasthan Rajya Vidyut Nigam Limited (RSPCL).
• The corporation is registered under the Companies Act 1956.
• RRECL is acting as a state nodal.
• Agency to promote and develop non-conventional energy sources in the State and as State Designated Agency (SDA) to implement the provisions of Energy Conservation Act 2001 in the State 

Additional Information

• Rajasthan State Power Corporation Ltd. was established in 2002 AD.
• Rajasthan Energy Development Agency was established on 21 January 1985 AD.

The correct answer is 2005-06.

• Magra Regional Development Programme was started in 2005-06.

Key Points

• ​Objective-
  • Social and economic development of the Magra region.
  • Infrastructure development in this region like- enhance health and education facilities in this region.
  • Employment generation in this region.
• Covered districts- Ajmer, Bhilwara, Chittorgarh, Pali, Rajasamand
• Total Panchayat Samiti covered- 16
• Total village covered- 1715
• Financed by - State Government

The correct answer is Anupriti yojana.

• Under Anupriti yojana schemes, Rajasthan Government provides financial incentives to SC / ST candidates passing the all India Civil Services examination and State Civil Services examination.

​Key Points

• Rajasthan Anuprati Yojana
  • The Rajasthan Government has launched the Rajasthan Anuprati Yojana for the meritorious students of minority families.
  • It covers the residents of Rajasthan State who belong to SC / ST / Special Backward Class and general category BPL families.
  • The approval scheme was launched by the state government in January 2005.
  • In the year 2012, according to the changed scheme, the major changes made in this scheme are as follows: -
  • The objective of the scheme: 
    • It covers BPL of Scheduled Castes / Scheduled Tribes / Special Backward Classes / Other Backward Classes and General Classes of Rajasthan State. 
    • The talented candidates of the families are given various incentives for competitive exams like Indian Civil Service, Sasthajan Civil Service, IIT, IIM, CPMT, NIT. 
    • It also encourages financial aid for the preparation of selection in state engineering and medical etc.

Additional Information

• Rajasthan Anuprati Yojana Eligibility: 
  • Native of Rajasthan
  • Those candidates belonging to Scheduled Castes / Scheduled Tribes / Special Backward Classes whose parents/guardians do not have an annual income of more than 2.00 lakhs (Rupees two lakhs).
  • Other backward classes and general category BPL (Including state BPL) member of the family.
  • The candidate must have passed the prescribed stage of the competitive examination or passed the entrance examination and got admission to the listed educational institutions.
  • Should not have been working in the State Service in the State and Subordinate Services (Joint Competitive) examination conducted by Rajasthan Public Service Commission.
  • For admission in state engineering / medical colleges of the state, 60 percent marks in class 10 + 2 should be awarded.
• Incentives: 
  • The details of the incentive amount to be given at various levels under this scheme are as follows: - 

The correct answer is 2nd October 2011.

• Mukhya Mantri Nishulk Dava Yojana:
  • The scheme was launched by the then Rajasthan Chief Minister Ashok Gehlot on October 2, 2011.
  • The Rajasthan government's budget announcement 2011-2012 mentions the formation of Rajasthan Medical Services Corporation.
  • Through this corporation, a centralized system will be implemented for the purchase of generic drugs, surgical and diagnostic equipment for all medical institutions in the state.
  • The most used medicines are being provided free of cost to all the patients coming to the state hospital from 02 October 2011.
  • In addition, medical facilities are also being provided free of cost to the patients of Thalassemia and Haemophilia in state hospitals.

Key Points

• The scheme has mainly two components
  • Free Medicines - Making available the commonly used medicines free of cost to patients visiting government health institutions.
  • Free Tests - Ensuring free trial of patients coming to government health institutions.
• Rajasthan Medical Services Corporation Limited (RMSCL) was incorporated/incorporated as a Public Limited Company for successful implementation of the scheme.

Additional Information

• Rajasthan Annapurna Rasoi Yojana:
  • The scheme was launched by Chief Minister Vasundhara Raje on 15 December 2016.
  • The rickshaw pullers, the elderly, and the needy have benefited a lot from the introduction of this scheme.
  • Food will be made available to the people through mobile vans.
  • Breakfast for just ₹ 5 and lunch and dinner for ₹ 8 will be provided.
  • Keeping food hygiene in mind, maximum food will be made by machines.