Organisations and Events Dates

The Integrated Rural Development Programme (IRDP) was introduced in 1978-79 during the Fifth Five Year Plan. It was one of the earliest major poverty alleviation programs in India, designed to assist rural families below the poverty line through income-generating assets and subsidies.

The Special Economic Zone Act was passed by Parliament in May 2005 and came into force on February 10, 2006. This legislation provided the legal framework for establishing Special Economic Zones in India to promote exports and attract foreign investment with tax incentives and simplified regulations.

The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai. NSE was established in 1992 as the first demutualised electronic exchange in the country.

The company was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation.

In 1963, the Central Revenue Board was divided into ‘Central Excise and Custom Duty Board’ and ‘Central Direct Tax Board’.

In India, service tax was first introduced in the year 1994.

Correct answer is (4). 

The first Nanotech Conference & Expo 2012 was held in Santa Clara, California. This event was organized by the NSTI (Nano Science and Technology Institute) and became an annual conference for nanotechnology researchers and industry professionals. The other cities listed (Boston, Houston, Anaheim) are not the correct venue for this inaugural event.

The economic liberalisation in India refers to ongoing economic reforms in India that started on July 24, 1991. After Independence in 1947, India adhered to socialist policies. Attempts were made to liberalise the economy in 1966 and 1985. The first attempt was reversed in 1967. Thereafter, a stronger version of socialism was adopted. Second major attempt was in 1985 by Prime Minister Rajiv Gandhi.

New Economic Policy was introduced in July 1991 by Prime Minister P.V. Narasimha Rao and Finance Minister Dr. Manmohan Singh. This marked India's major shift towards liberalization, privatization, and globalization following the balance of payments crisis.

Correct answer is 4. 

India adopted the rolling plan concept for the first time in 1978. The rolling plan was introduced by the Janata Party government after coming to power in 1977, abandoning the fixed Five Year Plan approach. The Fifth Five Year Plan was terminated early, and the rolling plan (1978-80) was adopted as a more flexible planning mechanism that could be adjusted annually based on performance and changing circumstances.

Reserve Bank of India was established in 1935. Nationalisation of 14 major commercial banks occurred in 1969. Nationalisation of 6 more commercial banks happened in 1980. Regional Rural Banks were established in 1975. Option D correctly pairs: (a)-2, (b)-3, (c)-4, (d)-1.

The Accounting Standards Board of India (ASB) was established by the Institute of Chartered Accountants of India (ICAI) in 1977 to formulate accounting standards and recommend them to the government.

The Central Vigilance Commission (CVC) was institutionalized in 1964 based on the recommendations of the Santhanam Committee on corruption prevention. It was initially created through an executive resolution and later given statutory status in 2003. The CVC oversees vigilance administration in central government.