Projects & Acts — Set 4
Days & Years · परियोजनाएं और अधिनियम · Questions 31–40 of 50
Which year saw the enactment of the Wakf Act to provide for the better administration of Wakfs?
Correct Answer: C. 1995
• **Wakf Act** = It was passed to regulate and manage Wakf properties in India. • **1995** — This year saw the enactment of the Act, replacing a previous act from 1954. • 💡 Wrong-option analysis: 1954: This was the year of a previous act that was replaced; 1990: This year is not directly related to the enactment of the primary Wakf Act; 2013: This year saw amendments to the Act, but not its original enactment.
The National Knowledge Commission (NKC) was established in which year?
Correct Answer: B. 2005
• **National Knowledge Commission (NKC)** = It was a high-level advisory body focused on transforming India into a knowledge-based economy. • **2005** — The NKC was constituted on June 13, 2005, with Sam Pitroda as its chairman. • 💡 Wrong-option analysis: 2004: The NKC was not established in this year; 2006: The NKC was already operational by this year; 2007: The NKC was already operational by this year.
In which year was the Central Vigilance Commission (CVC) established to address governmental corruption?
Correct Answer: B. 1964
• **Central Vigilance Commission (CVC)** = It serves as the apex vigilance institution monitoring all vigilance activity under the Central Government. • **1964** — The CVC was set up in February 1964 based on the recommendations of the Santhanam Committee. • 💡 Wrong-option analysis: 1962: This year is not when the CVC was established; 1966: The CVC was already established by this year; 1970: The CVC was already established by this year.
Which year saw the establishment of the Planning Commission of India?
Correct Answer: C. 1950
• **Planning Commission** = It was responsible for formulating India's Five-Year Plans for economic development. • **1950** — The Planning Commission was established on March 15, 1950, by a Cabinet Resolution. • 💡 Wrong-option analysis: 1947: This was India's independence year, before the Planning Commission; 1948: This year saw the first Industrial Policy Resolution, not the Planning Commission; 1952: The first Five-Year Plan started this year, but the Commission was already established.
The Life Insurance Corporation of India (LIC) was established in which year through nationalization?
Correct Answer: C. 1956
• **Life Insurance Corporation of India (LIC)** = It was created through the nationalization of over 245 insurance companies and provident societies. • **1956** — LIC was created on September 1, 1956, when the Parliament of India passed the Life Insurance Corporation Act. • 💡 Wrong-option analysis: 1948: This year is not associated with LIC's establishment; 1952: This year is not associated with LIC's establishment; 1960: LIC was already established by this year.
In which year was the State Bank of India (SBI) established after the nationalization of the Imperial Bank of India?
Correct Answer: C. 1955
• **State Bank of India (SBI)** = It was established as a descendant of the Imperial Bank of India after its nationalization. • **1955** — The State Bank of India was established on July 1, 1955, under the SBI Act. • 💡 Wrong-option analysis: 1947: This was India's independence year, before SBI's formation; 1950: This year is not associated with SBI's establishment; 1956: LIC was established this year, not SBI.
The Reserve Bank of India (RBI) was nationalized in which year?
Correct Answer: A. 1949
• **Reserve Bank of India (RBI)** = It was nationalized to become a government-owned central bank. • **1949** — RBI was nationalized on January 1, 1949, although it was established in 1935. • 💡 Wrong-option analysis: 1947: This was India's independence year, before RBI's nationalization; 1935: This was the year RBI was established, not nationalized; 1950: This year is not associated with RBI's nationalization.
In which year was the first Industrial Policy Resolution (IPR) of independent India announced?
Correct Answer: B. 1948
• **First Industrial Policy Resolution (IPR)** = It outlined a 'Mixed Economy' model for India, assigning a dominant role to the public sector. • **1948** — The first IPR was announced in 1948, setting the foundation for industrial development. • 💡 Wrong-option analysis: 1947: This was India's independence year, before the first IPR; 1951: The first Five-Year Plan started later, this is not the IPR year; 1956: This year saw a more comprehensive IPR, but not the first one.
The Atomic Energy Commission (AEC) of India was established in which year?
Correct Answer: B. 1948
• **Atomic Energy Commission (AEC)** = Its mission is to oversee nuclear energy development for peaceful purposes. • **1948** — The AEC was set up in August 1948 under the Department of Scientific Research, with Dr. Homi J. Bhabha as its first chairman. • 💡 Wrong-option analysis: 1945: This year is not associated with the AEC's establishment; 1950: This year is not associated with the AEC's establishment; 1954: This year saw the establishment of the Department of Atomic Energy, but the AEC was earlier.
When was the Indian Space Research Organisation (ISRO) formally established?
Correct Answer: C. 1969
• **Indian Space Research Organisation (ISRO)** = Its primary objective is the development of space technology and its application to national needs. • **1969** — ISRO was established on August 15, 1969, superseding the previous INCOSPAR, with Vikram Sarabhai as the visionary behind it. • 💡 Wrong-option analysis: 1962: INCOSPAR, the predecessor to ISRO, was formed this year; 1965: This year is not when ISRO was formally established; 1972: This year saw the establishment of the Space Commission and Department of Space, after ISRO's formation.