Indian Economy - A Profile

20 Questions | Total Attempts: 58

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Indian Economy - A Profile

Questions and Answers
  • 1. 
    Generally an economy is considered under developed if
    • A. 

      The standard of living of people is low and productivity is also considerably low.

    • B. 

      Agriculture is the main occupation of the people and productivity in agriculture is quite low.

    • C. 

      The production techniques are backward.

    • D. 

      All of the above.

  • 2. 
    Which of the following statements is correct?
    • A. 

      Agriculture occupies 10 per cent population of India.

    • B. 

      Nearly 5 per cent population of India is below the poverty line.

    • C. 

      The production techniques are backward.

    • D. 

      None of the above.

  • 3. 
    Which of the statements is correct?
    • A. 

      The tertiary sector contributes the maximum to the GDP.

    • B. 

      India is basically a socialist economy.

    • C. 

      The distribution of income and wealth is quite equitable.

    • D. 

      None of the above.

  • 4. 
     _________________  is the apex bank for agriculture credit in India.       
    • A. 

      RBI

    • B. 

      SIDBI

    • C. 

      NABARD

    • D. 

      ICICI

  • 5. 
    The share of agriculture in India's national income has__________________ over the years.
    • A. 

      Remained constant.

    • B. 

      Decreased.

    • C. 

      Increased.

    • D. 

      First decreased and then increased.

  • 6. 
    The green revolution is also known as
    • A. 

      Wheat revolution.

    • B. 

      Rice revolution.

    • C. 

      Maize revolution.

    • D. 

      Forest revolution.

  • 7. 
    The area under irrigation has __________over the years in India.
    • A. 

      Remained constant.

    • B. 

      Decreased

    • C. 

      Increased.

    • D. 

      First increased and then decreased.

  • 8. 
    Which of the following statements is correct?
    • A. 

      Under zamindari system, farmers directly paid land revenue to the state.

    • B. 

      At present, income tax revenues from the agriculture sector are negligible.

    • C. 

      Commercial banks are providing loans to the agriculture sector at zero interest rate.

    • D. 

      None of the above.

  • 9. 
    Which of the following is incorrect?
    • A. 

      Special schemes have been started to promote export of agro-products.

    • B. 

      India has been a big importer of food grains especially since 1990s.

    • C. 

      High yielding varieties programme has resulted in improvement in production and productivity of food grains in India.

    • D. 

      None of the above.

  • 10. 
     Abolition of intermediaries and tenancy reforms are both parts of    
    • A. 

      Industrial reforms in India.

    • B. 

      External sector reforms in India.

    • C. 

      Land reforms in India.

    • D. 

      Banking reforms in India.

  • 11. 
    Agriculture sector laces the problem of     
    • A. 

      Slow and uneven growth.

    • B. 

      Inadequate and incomplete land reforms.

    • C. 

      Inadequate finance.

    • D. 

      All of tine above.

  • 12. 
    In absolute terms, the number of people engaged in agricultural activities over the planning period has
    • A. 

      Remained constant.

    • B. 

      Increased.

    • C. 

      Decreased.

    • D. 

      First increased and then decreased.

  • 13. 
    We can say Indian agriculture has become modern since
    • A. 

      There has been an increase in the use of high yielding varieties of seeds, fertilizers, pesticides etc.

    • B. 

      There has been noticeable positive change in the attitude of farmers towards new techniques of production.

    • C. 

      Farmers are increasingly resorting to intensive cultivation, multiple cropping, scientific water management

    • D. 

      All of the above.

  • 14. 
    Which of the following has been specifically established to meet the requirements of credit of the farmers and villagers?
    • A. 

      ICICI bank.

    • B. 

      Regional Rural Banks.

    • C. 

      State Bank of India.

    • D. 

      EXIM bank.

  • 15. 
    Which of the following statements is incorrect?
    • A. 

      About 80 per cent of agricultural area has irrigation facilities.

    • B. 

      About 60 per cent area is rain fed in India.

    • C. 

      Productivity per worker in agriculture is much lower than that in industry.

    • D. 

      Cropping pattern is quite skewed in India.

  • 16. 
    Which of the following statements is correct?        
    • A. 

      Countries which are industrially well-developed generally have higher per capita income than countries which are not.

    • B. 

      India is a capital surplus economy.

    • C. 

      Agriculture sector need not depend upon industrial sector for its growth.

    • D. 

      None of the above.

  • 17. 
    Mahalanobis model stressed upon the establishment of
    • A. 

      Consumer goods industries.

    • B. 

      Export oriented industries.

    • C. 

      Agro-based industries.

    • D. 

      Capital and basic goods industries.

  • 18. 
    Three steel plants in Bhilai, Rourkela and Durgapur were set up in the   
    • A. 

      First plan.

    • B. 

      Second plan.

    • C. 

      Third plan.

    • D. 

      Fourth plan.

  • 19. 
    The industrial sector faced the process of retrogression and deceleration during        
    • A. 

      1950-1965.

    • B. 

      1990-2005.

    • C. 

      1980-1995.

    • D. 

      1965-1980.

  • 20. 
    Which of the following has resulted in failure to achieve targets of industrial production?
    • A. 

      Poor planning.

    • B. 

      Power, finance and labour problems.

    • C. 

      Technical complications.

    • D. 

      All of the above.