Practice Quiz set 4 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) Green revolution had the greatest impact on
(a)
(b)
(c)
(d)
Q-2) With reference to the provisions made under the National Food Security Act, 2013, consider the following statements.
- The families coming under the category of ‘below poverty line (BPL)’ only are eligible to receive subsidised food grains.
- The eldest woman in a household of age 18 years or above, shall be the head of the household for the purpose of issuance of a ration card.
- Pregnant women and lactating mothers are entitled to a ‘takehome ration’ of 1600 calories per day during pregnancy and for six months thereafter.
Which of the statement(s) given above is/are correct?
(a)
(b)
(c)
(d)
Q-3) Consider the following statements regarding Small-Scale industries,
Small-Scale industries are in most cases not as efficient and competitive as large-scale ones. Yet the Government provides preferential treatment and reservation in a range of products to the small firms because small scale-industries.
- Provide higher employment on a per-unit capital development basis.
- Promote a regional dispersion of industries and economic activities.
- Have performed better in the export of manufactured products than the large scale ones.
- Provide jobs to low skill workers who otherwise may not find employment avenues elsewhere.
Which of the above statements are correct?
(a)
(b)
(c)
(d)
Q-4) Consider the following factors regarding industry. - Capital investment
- Business turnover
- Labour force
- Power consumption
Which of these determine the nature and size of the industry?
(a)
(b)
(c)
(d)
Q-5) Which of the following are the objectives of the commission for Agricultural costs and prices (CACP)?- To stabilise agricultural prices.
- To ensure meaningful real income levels to the farmers.
- To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates though public distribution system.
- To ensure maximum price for the farmer.
Choose the corret answer from the codes given below. Code
(a)
(b)
(c)
(d)
Q-6) ‘Super Rice’ was developed by
(a)
(b)
(c)
(d)
Q-7) Indian agriculture has the following features. - Dependence of agriculture on the monsoons
- Abolition of zamindari
- Absence of trade unions in the agricultural sector
- Heavy pressure of population on land
Which of the above is responsible for disguised unemployment in agriculture?
(a)
(b)
(c)
(d)
Q-8) Reason for low-productivity in Indian agriculture is
(a)
(b)
(c)
(d)
Q-9) The decrease in dependency ratio (ratio of dependent population to working-age population) of a country may lead to which of the following situation:
- Increase in the savings rate
- Decrease in the savings rate
- Increase in Capital Formation
- Decrease in Capital Formation
Select the correct answer using the code given below:
(a)
(b)
(c)
(d)
Whenever in any country, the working population increases and dependent population decreases, the savings in the economy increases. (This also happens at the family level.
If a family has more working members and fewer dependents then the savings of the family increases). The increased savings leads to an increase in investments.
So, (i) & (iii) statements are true.
Q-10) Consider the following statements:
- Real GDP has steadily increased in the last decade
- GDP at current market prices has steadily increased in the last decade
Select the correct answer using the code given below:
(a)
(b)
(c)
(d)
Real GDP (i.e. GDP at constant market prices) and Nominal GDP (i.e. GDP at current market prices) both have steadily increased in the last decade (in fact in the last 30 years) but the growth rate of Real GDP and Nominal GDP has fluctuated and has not increased steadily in the last decade.
Refer the Trends