macro fundamentals, GDP, investment & growth section 1 MCQ Questions & Answers Detailed Explanation

Question : 1

Which among the following is providing least institutional credit to agriculture and allied activities in recent years?

a) Foreign Private Banks

b) Commercial Banks

c) Regional Rural Banks

d) Co-operative Banks

Question : 2

Consider the following statements.

1. Regarding the procurement of food grains, Government of India following a procurement target rather than open-ended procurement policy.
2. Government of India announces minimum support prices only for cereals.
3. For distribution under Targeted Public Distribution System (TPDS), Wheat and rice are issued by the government of India at uniform central issue prices to the State/Union Territories.

a) Only 2

b) 1 and 2

c) Only 3

d) 1 and 3

Question : 3

Which one of the following committees recommended the abolition of reservation of items for the Small Scale Sectors in industry?

a) Narsimhan Committee

b) Abid Hussain Committee

c) Rakesh Mohan Committee

d) Nayak Committee

Question : 4

Consider the following.

1. Area nut
2. Barley
3. Coffee
4. Finger millet
5. Groundnut
6. Sesamum
7. Turmeric

a) Only 2, 4, 5 and 6

b) Only 1, 2, 3 and 7

c) 1, 2, 3, 4, 5, 6 and 7

d) Only 1, 3, 4, 5 and 6

Question : 5

Actively associated with Green Revolution

a) Dr. Kurien

b) Dr. Swaminathan

c) Dr. Abdul Kalam

d) C. Subramaniam

Question : 6

Which one of the following is the primary sector of India’s economy?

a) Industry

b) Agriculture

c) None of these

d) Cooperative