introduction to indian economy section 10 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (b)

Different types of economy are dependent on time which helps in providing several ways to structure an economy.

Answer: (b)

Lately, the manufacturing industry has been witnessing positive overall growth across the spectrum. This can be said on the basis of the Industrial Outlook survey that was conducted by the Reserve Bank of India (RBI) for 2010 on the Indian manufacturing sector.

As per UNIDO’s new report titled ‘Yearbook of Industrial Statistics 2010’, India has emerged as one of the world’s top 10 countries in industrial production, while as per the report ‘2010 Global Manufacturing Competitiveness Index’, by Deloitte Touche Tohmatsu and the US Council on Competitiveness, India has ranked second for its manufacturing competence.

Answer: (b)

NABARD doesn’t give “direct” credit assistance.

It provides credit via intermediaries such as microfinance companies, co-operative society, RRB.

Therefore, 2 is false.

Answer: (a)

The National Bank for Agriculture and Rural Development (NABARD) is the apex development Bank for agriculture and rural development. It was set up on July 12, 1982.

Answer: (d)

Per capita income is obtained by dividing national income by the total population of the country per capita income, also known as income per person, is the mean income of the people in a country.

It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.