Indian Economy - A Profile
- 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.
- 21.Which of the following statements is correct?
- A.
A large number of industries face under utilization of production-capacity.
- B.
The incremental capital -output ratio has been falling over the planning period.
- C.
In terms of regions, industrial development is quite balanced.
- D.
None of the above.
- 22.About ______________ per cent of the sick units in India are small units.
- A.
10 percent.
- B.
5 percent.
- C.
30 percent.
- D.
96 percent.
- 23.The Eleventh Plan aimed at achieving a growth rate of__________________ in the industrial scctor.
- A.
5 percent
- B.
8 percent
- C.
10 percent
- D.
6 percent
- 24.Oil and Natural Gas Corporation Indian Oil Corporation, Steel Authority of India, and Bharat Heavy lilectricals are all examples of
- A.
Small scale units.
- B.
Private sector units.
- C.
Public sector units.
- D.
Sick units.
- 25.The Indian industry faced the process of retrogression and deceleration because of
- A.
Unsatisfactory performance of agriculture
- B.
Slackening of real investment in public sector
- C.
Narrow market for industrial goods, especially in rural areas.
- D.
All of the above.
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