Practice Quiz set 7 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) What is the contribution of livestock in agricultural sector?
(a)
(b)
(c)
(d)
Livestock contributes 25 per cent of gross value added in the agriculture sector and provides self-employment to about 21 million people.
Growth of livestock output averaged 4.8 per cent per annum during the Eleventh Plan recovering from an average of 3.6 per cent in the Ninth and the tenth Plans.
Q-2) Which bank is limited to the needs of agriculture and rural finance?
(a)
(b)
(c)
(d)
Committee to review the arrangements for institutional credit for agriculture and rural development (CRAFICARD) under the Chairmanship of Shri B. Sivaraman, recommended the formation of the National Bank for Agriculture and Rural Development (NABARD).
The bank came into existence on 12 July 1982. It is limited to the need for agriculture and rural finance.
Q-3) The Bonded Labour System (Abolition) Act was legislated in
(a)
(b)
(c)
(d)
The Bonded Labour System (Abolition) Act, 1976 was enacted to provide for the abolition of bonded labour system with a view to preventing the economic and physical exploitation of the weaker sections of the society.
It freed all the bonded labourers from bondage with simultaneous liquidation of their debts. It made the practice of bondage a cognisable offence punishable by law.
The Act is being administered and implemented by the Ministry of Labour and the State governments concerned.
Q-4) In 1982, the Rural Planning and Credit Cell (RPCC) of Reserve Bank of India was merged to which of the following banks?
(a)
(b)
(c)
(d)
Q-5) In which year National Seed Policy was announced?
(a)
(b)
(c)
(d)
National seed policy was announced in 2002. National seed policy is based on the recommendations of the M.V. Rao committee in 2002.
The Policy is meant to “strengthen the seed industry’’ in view of the liberalisation in the farm sector under the World Trade Organisation. The policy seeks to provide intellectual property protection to stimulate investment in the research and development of new plant varieties.
Q-6) Where is the Central Food Technological Research Institute (CFTRI) situated ?
(a)
(b)
(c)
(d)
The Central Food Technological Research Institute (CFTRI) is situated in Mysore. It is a constituent laboratory of Council of Scientific and Industrial Research, New Delhi and came into existence during 1950.
Q-7) Which of the following is an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas ?
(a)
(b)
(c)
(d)
Q-8) Which of the fallowing are responsible for the decrease of per capita holding of cultivated land in India? - Low per capita income.
- Rapid rate of increase of population.
- Practice of dividing land equally among the heirs.
- Use of traditional techniques of ploughing.
Select the correct answer using the codes given below
(a)
(b)
(c)
(d)
Rapid rate of increase of population and practice of dividing land equally among the heirs are responsible for the decrease of per capita holding of cultivated land in India.
Q-9) Which one of the following crops has been exceeding target since 2004-05 in India but its growers have been committing suicide in large numbers in many parts of the country every year?
(a)
(b)
(c)
(d)
A study conducted in 2014 found that there are three specific characteristics associated with high-risk farmers:
- “those that grow cash crops such as coffee and cotton;
- those with ‘marginal’ farms of less than one hectare; and
- those with debts of 300 Rupees or more.”
The study also found that the Indian states in which these three characteristics are most common had the highest suicide rates and also accounted for “almost 75% of the variability in state-level suicides.
Q-10) Consider the following statements :
- India is meeting 85% of the urea fertilizer through indigenous production.
- India produces a surplus amount of fertilizers containing phosphorous and potassium.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
In the given statements, India is meeting 85% of the urea fertilizer through indigenous production is correct.
However, we are deficient in phosphatic and potassic resources and around 90% is imported.