Practice Quiz set 9 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   Consider the following statements :
  1. Agriculture and Allied sectors contribute less than 20% of Gross Domestic Product of India.
  2. Around 60% of net sown agricultural area of India is depended on rainfall.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Agriculture and Allied sectors contribute less than 20% around 17% of Gross Domestic product of India. Around 60% of net sown agricultural area of India is depended on rainfall.


Q-2)   Consider the following statements :
  1. India is the 6th largest producer of coffee.
  2. India’s share in Global Area under coffee is about 2%.
  3. India contributes about 4% to world coffee production as well as in the International trade.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

India is the 6th largest producer of coffee in the world having a share of around 2% in terms of global area. India contributes about 4% to world coffee production as well as in the International trade.


Q-3)   Consider the following statements :
  1. The farm power availability in India is much lower than that of Korea.
  2. India is meeting 80% of its Urea requirement through indigenous production.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The farm power availability in India is much lower than that of Korea. India is meeting 85% of the Urea fertilizer through indigenous production. However, we are deficient in phosphatic and potassic resources and around 90% is imported.


Q-4)   Index ‘Residex’ is associated with
  1. Share Prices
  2. Mutual Fund Prices
  3. Price Inflation Index
  4. Land Prices
Choose the right option

(a)

(b)

(c)

(d)


Q-5)   The Bonded Labour System (Abolition) Act was legislated in

(a)

(b)

(c)

(d)

Explanation:

The Bonded Labour System (Abolition) Act, 1976 was enacted to provide for the abolition of bonded labour system with a view to prevent 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-6)   Which of the following are features of Indian agriculture?
  1. Disguised unemployment
  2. High productivity
  3. Majority of large farmers
  4. Dependent on monsoon

(a)

(b)

(c)

(d)


Q-7)   Which one of the following Co-Operative societies is responsible for the production of fertilizers?

(a)

(b)

(c)

(d)

Explanation:

Indian Farmer Fertilizer Cooperative Ltd (IFFCO) is the cooperative society responsible for the production of fertilizers.

Indian Farmers Fertiliser Co-operative Limited (IFFCO) was registered on November 3, 1967, as a Multi-unit Co-operative Society.


Q-8)   Consider the following statements:
  1. Saumitra Chaudhuri Committee has been appointed to recommend revisions to Consumer Price Index
  2. Average annual growth of the agriculture sector in the Eleventh Five Year Plan was 5.3%.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Saumitra Chaudhuri Committee has been appointed to recommend revisions to Wholesale Price Index. Average annual growth of the agriculture sector in the Eleventh Five Year plan was 3.3%.


Q-9)   First Agricultural University in India was established in

(a)

(b)

(c)

(d)

Explanation:

G. B. Pant University of Agriculture and Technology (GBPUA&T, Pant Nagar, Uttara Khand) is the first agricultural university in India.

It was inaugurated by Jawahar Lal Nehru on 17 November 1960.


Q-10)   Which of the statement is correct regarding White revolution?
  1. It occurred in India in 1970.
  2. Prof. Verghese Kuerin was the father of White Revolution in India.
  3. It works through a network of co-operative societies which are owned and managed by the milk producers.

(a)

(b)

(c)

(d)

Explanation: