introduction to indian economy section 11 MCQ Questions & Answers Detailed Explanation

Question : 1

Which of the following is deducted from NNP to arrive at Nl ?

a) Capital consumption allowance

b) Indirect Tax

c) Subsidy

d) Interest

Question : 2

Expand NABARD.

a) National Bank for Agri Related Development

b) National Bank for Agricultural and Rural Development

c) National Bank for Agriculture and Resource Development

d) National Bank for Asian Reaserch Development

Question : 3

What type of products, does CACP recommend minimum support price for ?

a) None of the above

b) Agricultural products

c) Pharmaceutical products

d) Industrial products

Question : 4

Gross Domestic Product is defined as the value of all

a) goods and services produced in an economy in a year

b) goods produced in an economy in a year

c) final goods produced in an economy in a year

d) final goods and services produced in an economy in a year

Question : 5

The farmers are provided credit from a number of sources for their short and long term needs. The main sources of credit to the farmers include :

1. the Primary Agricultural Co-operative Societies, Commercial Banks, RRBs and Private money lenders.
2. the NABARD, RBI, Commercial banks and Private money lenders.
3. the District Central Co-operative Banks (DCCB), the lead banks, IRDP and JRY
4. the Large Scale Multi-purpose programme, DCCB, IFFCO and Commercial banks.

a) 1 and 2 only

b) 1 only

c) All of the above

d) 3 and 1 only

Question : 6

National income ignores

a) exports of the IT sector

b) sales of a firm

c) salary of employees

d) sale of land