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

Question : 1

The share of the tertiary sector in total GDP of India has

a) shown a decreasing trend

b) shown an increasing trend

c) been fluctuating

d) remained constant

Question : 2

In domestic savings, generally which sector has the highest share?

a) Public Sector

b) Private corporate

c) Household

d) Almost equal contribution by the above sectors

Question : 3

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

a) The NABARD, RBI, commercial banks and private money lenders

b) The primary Agriculture cooperative societies, commercial banks, RRBs commercial banks and private money lenders

c) The large scale multi-purpose Adivasis Programme, DCCB, IFFCO and commercial banks

d) The District Central Cooperative Banks (DCCB), the lead banks, IRDP and JRY

Question : 4

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 : 5

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 : 6

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