macro fundamentals, GDP, investment & growth section 4 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 4 EXERCISES
The following question based on Macro fundamentals, GDP, Investment, Growth topic of indian economy mcq
(a) minimisation of the post harvest wastage
(b) help to Indian farmers to participate in global agricultural trade
(c) encouragement to foreign direct investment in agriculture
(d) improvement in storage of crops
The correct answers to the above question in:
Answer: (c)
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Question : 1
Indian agriculture has the following features.
- Dependence of agriculture on the monsoons
- Abolition of zamindari
- Absence of trade unions in the agricultural sector
- Heavy pressure of population on land
a) Only 1 and 2
b) Only 1
c) Only 4
d) 1, 2 and 3
Answer »Answer: (c)
Question : 2
Consider the following factors regarding industry.
- Capital investment
- Business turnover
- Labour force
- Power consumption
a) 1, 2 and 4
b) 1, 3 and 4
c) 2 and 3
d) 2, 3 and 4
Answer »Answer: (b)
Question : 3
The decrease in dependency ratio (ratio of dependent population to working-age population) of a country may lead to which of the following situation:
- Increase in the savings rate
- Decrease in the savings rate
- Increase in Capital Formation
- Decrease in Capital Formation
a) (i) & (iv) only
b) (ii) & (iv) only
c) (i) & (iii) only
d) (ii) & (iii) only
Answer »Answer: (c)
Whenever in any country, the working population increases and dependent population decreases, the savings in the economy increases. (This also happens at the family level.
If a family has more working members and fewer dependents then the savings of the family increases). The increased savings leads to an increase in investments.
So, (i) & (iii) statements are true.
Question : 4
Which of the following agencies is not engaged in exporting agricultural goods from India?
a) State Trading Corporation
b) NAFED
c) MMTC
d) IFFCO
Answer »Answer: (c)
Question : 5
Long-term agricultural credit is provided by
a) District Cooperative Bank
b) Primary Cooperative Society
c) State Cooperative Bank
d) Land Development Bank
Answer »Answer: (d)
Question : 6
Reason for low-productivity in Indian agriculture is
a) small land holdings
b) engagement of more persons in agricultural operations than needed
c) All of the above
d) backward technique of production
Answer »Answer: (c)
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